M&A Deal Summary

OMERS Infrastructure, Wren House Infrastructure and GIC Acquire Direct ChassisLink

On June 24, 2022, infrastructure investor OMERS Infrastructure, infrastructure investor Wren House Infrastructure and sovereign wealth fund GIC acquired transportation company Direct ChassisLink from Apollo Global Management

Acquisition Highlights
  • This is OMERS Infrastructure’s 4th, Wren House Infrastructure’s 1st and GIC’s 2nd transaction in the Transportation sector.
  • This is OMERS Infrastructure’s 13th, Wren House Infrastructure’s 3rd and GIC’s 13th transaction in the United States.
  • This is OMERS Infrastructure’s 1st, Wren House Infrastructure’s 1st and GIC’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2022-06-24
Target Direct ChassisLink
Sector Transportation
Buyer(s) OMERS Infrastructure
Wren House Infrastructure
GIC
Sellers(s) Apollo Global Management
Deal Type Secondary Buyout

Target

Direct ChassisLink

Charlotte, North Carolina, United States
Direct ChassisLink is a provider of equipment and asset management services to the U.S. intermodal industry. DCLI provides chassis leasing and chassis/container management services to container shipping companies, railroads, terminal operators, logistics companies, motor carriers, and beneficial cargo owners through its advantaged network, information technology, and field management organization. Direct ChassisLink was founded in 2009 and is based in Charlotte, North Carolina.

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Buyer(S) 3

Buyer

OMERS Infrastructure

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Infrastructure
Founded 1990
Size Mega
Type Sector Focused
DESCRIPTION

OMERS Infrastructure is the infrastructure investment arm of Canadian pension plan OMERS. OMERS targets 'large-scale' infrastructure investments valued in excess of $1 billion where the firm can commit at least $200 million of equity capital. Prospective opportunities generally possess significant governmental or regulatory barriers to entry, as well as stable cash-flows linked to long-term contracts. Specific areas of interest include energy (generation, transmission and distribution networks), transportation (transportation gateways, rail corridors, ports and airports), institutional facilities (hospitals, long-term care facilities and schools), and government-regulated services (laboratory diagnostic services, satellite and other communications networks and land registry services). OMERS was formed in 1990 and is based in Toronto.

DEAL STATS #
Overall 49 of 52
Sector (Transportation) 4 of 5
Type (Secondary Buyout) 10 of 11
State (North Carolina) 1 of 1
Country (United States) 13 of 13
Year (2022) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-10 IndInfravit

Chennai, India

IndInfravit with a current portfolio of 13 road assets (11 toll & 2 annuity) spread across 6 Indian states and a network of approx. 5000 Lane km. IndInfravit was founded in 2018 and is based in Chennai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-29 VTG

Hamburg, Germany

VTG is a full-range service, providing tank cars, intermodal wagons, standard freight wagons and sliding wall wagons. In addition to the hiring of wagons, the Group offers comprehensive multi-modal logistics services, mainly around rail transport, and global tank container transports. VTG was founded in 1951 and is based in Hamburg, Germany.

Sell -
Buyer

Wren House Infrastructure

Investor Investor Investor Investor Investor

Category Infrastructure
Founded 2013
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Wren House Infrastructure is an infrastructure focused private investment firm and subsidiary of sovereign wealth fund the Kuwait Investment Authority. The Firm targets investments across the core and core plus infrastructure sectors which includes transport, energy, utilities, telecoms, healthcare, agriculture and social infrastructure. Wren House Infrastructure was formed in 2013 and is headquartered in London.

DEAL STATS #
Overall 12 of 14
Sector (Transportation) 1 of 1
Type (Secondary Buyout) 6 of 7
State (North Carolina) 1 of 1
Country (United States) 3 of 4
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-18 Phoenix Tower International

Boca Raton, Florida, United States

Phoenix Tower International owns and operates towers and other wireless infrastructure and related sites throughout Latin America and the United States. Phoenix Tower International was founded in 2013 and is based in Boca Raton, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-23 Electrip

Amsterdam, Netherlands

Electrip is a provider of electric vehicle charging solutions. The company operates in the public charging, private charging and fleet operator spaces, focusing on fast and ultra-fast charging, leveraging on the ecosystem of proprietary digital platform solutions to provide best-in-class end-to-end customer experience. Electrip is based in Amsterdam, Netherlands.

Buy -
Buyer

GIC

Investor Investor Investor Investor Investor

Category Sovereign Wealth Fund
Founded 1981
Size Mega
Type Sector Agnostic
DESCRIPTION

GIC Private Ltd. is the investment arm of Singapore. The Group primarily invests through three investment groups, including public markets, private equity and real estate. GIC's private equity practice looks to invest in funds as well as directly in companies. GIC is based in Singapore with additional offices globally.

DEAL STATS #
Overall 36 of 42
Sector (Transportation) 2 of 2
Type (Secondary Buyout) 12 of 14
State (North Carolina) 1 of 1
Country (United States) 13 of 15
Year (2022) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 Siccar Point Energy

Aberdeen, United Kingdom

Siccar Point Energy Ltd. is a full-cycle production, development and exploration company focussed on high quality, low cost, long-life assets on the UK Continental Shelf. Siccar business now includes interests in four of the largest UK assets by remaining reserves (Schiehallion, Mariner, Cambo, and Rosebank) as well as an extensive portfolio of additional high-quality material development and exploration opportunities. Siccar Point Energy is based in Aberdeen, United Kingdom.

Sell $1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-22 Sani/Ikos Group

Halkidiki, Greece

Sani/Ikos Group is an operator of a luxury beach resort group that currently owns and operates in excess of 2,700 rooms spread across 10 unique resorts in Greece and Spain. Sani/Ikos Group is based in Halkidiki, Greece.

Buy -

Seller(S) 1

SELLER

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.

DEAL STATS #
Overall 60 of 67
Sector (Transportation) 1 of 1
Type (Secondary Buyout) 14 of 16
State (North Carolina) 3 of 4
Country (United States) 45 of 51
Year (2022) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-14 Cardenas Markets

Ontario, California, United States

Cardenas Markets operates 31 store locations throughout the Inland Empire Imperial County, Pomona, and Las Vegas Nevada. Offering customers, the best shopping experience with a wide selection of quality and fresh products, great service at a superior value. Cardenas Markets was founded in 1981 and is based in Ontario, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-06 North Road

California, United States

North Road is a global, multi-genre studio that produces scripted, documentary, and non-scripted film and TV content across the United States and international markets. North Road was founded in 2022 and is based in California.

Buy -
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