M&A Deal Summary

OMERS Infrastructure, AP3, Forsta AP-Fonden and Folksam Acquire Fortum Distribution

On March 15, 2015, infrastructure investor OMERS Infrastructure, AP3, Forsta AP-Fonden and Folksam acquired energy services and equipment company Fortum Distribution from Fortum

Acquisition Highlights
  • This is OMERS Infrastructure’s 6th, AP3’s 1st, Forsta AP-Fonden’s 1st and Folksam’s 1st transaction in the Energy Services and Equipment sector.
  • This is OMERS Infrastructure’s 2nd, AP3’s 1st, Forsta AP-Fonden’s 1st and Folksam’s 1st transaction in Finland.

M&A Deal Summary

Date 2015-03-15
Target Fortum Distribution
Sector Energy Services and Equipment
Buyer(s) OMERS Infrastructure
AP3
Forsta AP-Fonden
Folksam
Sellers(s) Fortum
Deal Type Divestiture

Target

Fortum Distribution

Espoo, Finland
Fortum Distribution is the player in the electricity distribution market. Fortum Distribution was founded in 1998 and is based in Espoo, Finland.

Search 214,356 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 4

Buyer

OMERS Infrastructure

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 1990
PE ASSETS 36.0B CAD
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 27 of 54
Sector: Energy Services and Equipment M&A 6 of 9
Type: Divestiture M&A Deals 1 of 4
Country: Finland M&A 2 of 2
Year: 2015 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Ellevio

Stockholm, Sweden

Ellevio is a provider of electricity flowing silently from the sockets at home into mobile phones, coffee makers and bedside lamps Or into the electric motor that makes lifts, pumps and cranes spin and work. In total, 7,000 miles of lines supply close to a million households and businesses in Sweden with electricity. Ellevio was founded in 2015 and is based in Stockholm, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-03 Tank & Rast

Bonn, Germany

Tank & Rast is a provider of gastronomy, retail, hotels, fuel and fast charging infrastructure. With its franchise partners, it operates around 360 petrol stations and around 400 service areas (including around 50 hotels) on the motorway network. Tank & Rast was founded in 1998 is based in Bonn, Germany.

Buy -
Buyer

AP3

Stockholm, Sweden

Category Company
Founded 2001
Sector Business Services
DESCRIPTION

AP3 is tasked with managing the buffer capital in the state income pension system. AP3 was founded in 2001 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Finland M&A 1 of 1
Year: 2015 M&A 1 of 1
Buyer

Forsta AP-Fonden

Stockholm, Sweden

Category Company
Founded 2001
Sector Information Services
DESCRIPTION

Forsta AP-Fonden provides information about the Fund’s mandate, operations and investments, current news, and reports published by AP1. Users can also subscribe to news and submit job applications. Forsta AP-Fonden was founded in 2001 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Finland M&A 1 of 1
Year: 2015 M&A 1 of 1
Buyer

Folksam

Stockholm, Sweden

Category Company
Founded 1908
Sector Insurance
DESCRIPTION

Folksam provides insurance and pension savings that create security and are liked by many. We are owned by our customers and our vision is that customers should feel secure in a sustainable world. Folksam was founded in 1908 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Finland M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 1

SELLER

Fortum

Espoo, Finland

Category Company
Founded 1998
Sector Utilities
Employees4,620
Revenue 5.8B EUR (2024)
DESCRIPTION

Fortum creates energy that improves life for present and future generations. Catering to the versatile needs of our customers, we generate, distribute and sell electricity and heat, and offer related expert services. Fortum was founded in 1998 and is based in Espoo, Finland.


DEAL STATS #
Overall 5 of 9
Sector: Energy Services and Equipment M&A 3 of 3
Type: Divestiture M&A Deals 5 of 9
Country: Finland M&A 2 of 3
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-25 Oslofjord Varme

Sandvika, Norway

Oslofjord Varme is a heat production and district heat and cooling businesses. Its heat production capacity consists mainly of heat pumps and business-to-business heat plants with a combined capacity of 210 MW, which together deliver district heat and district cooling to customers in the Greater Oslo and Akershus areas. Oslofjord Varme is based in Sandvika, Norway.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-07 DUON Dystrybucja

Przezmierowo, Poland

DUON Dystrybucja delivers modern energy solutions to the Polish market through the supply of natural gas, LNG, LPG, and electricity. The company has considerable experience in the distribution and regasification of LNG which is an important market in Poland due to the lack of natural gas infrastructure. DUON Dystrybucja is based in Przezmierowo, Poland.

Buy €100M