M&A Deal Summary

OMERS Infrastructure and APG Asset Management Acquire Groendus

On May 18, 2022, infrastructure investor OMERS Infrastructure and asset manager APG Asset Management acquired renewable energy company Groendus from NPM Capital

Acquisition Highlights
  • This is OMERS Infrastructure’s 5th and APG Asset Management’s 1st transaction in the Renewable Energy sector.
  • This is OMERS Infrastructure’s 1st and APG Asset Management’s 2nd transaction in the Netherlands.

M&A Deal Summary
Date 2022-05-18
Target Groendus
Sector Renewable Energy
Buyer(s) OMERS Infrastructure
APG Asset Management
Sellers(s) NPM Capital
Deal Type Secondary Buyout

Target

Groendus

Utrecht, Netherlands
Groendus is an operator of a sustainable energy business that helps business customers on their way to 100% clean energy through a combination of smart savings, self-generation and direct purchase and sale of sustainable energy. Groendus was founded in 2021 and is based in Utrecht, Netherlands.

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Buyer(S) 2

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 48 of 54
Sector (Renewable Energy) 5 of 5
Type (Secondary Buyout) 9 of 11
Country (Netherlands) 1 of 2
Year (2022) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-14 BPC Maritime

Toronto, Ontario, Canada

BPC Maritime is a provider of maritime services. BPC Maritime was based in Toronto, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-10 Interise Trust

Chennai, India

Interise Trust which holds a portfolio of 17 operational toll road concessions in India. The roads operate in some of India’s most economically vibrant states and support the country’s growing economy. Interise Trust was founded in 2018 and is based in Chennai, Tamil Nadu.

Buy -
Buyer

APG Asset Management

Category Asset Manager
Size Large
Type Sector Agnostic
DESCRIPTION

APG Asset Management is a multi-asset Dutch investment management firm focused on managing and providing investment programs for pension funds. APG Asset Management is based in Amsterdam with additional offices in New York City and Hong Kong.

DEAL STATS #
Overall 7 of 8
Sector (Renewable Energy) 1 of 1
Type (Secondary Buyout) 4 of 4
Country (Netherlands) 2 of 3
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-30 Conterra Ultra Broadband

Charlotte, North Carolina, United States

Conterra Networks creates custom technology-based network solutions for businesses of all sizes across 22 states. The company has been designing, building, and managing 11,000+ mile owned and operated fiber network. Its service, reliability, and expertise in understanding customers’ needs have enabled them to become one of the fastest-growing telecommunication companies in the country. Conterra Ultra Broadband is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-03 Kenter

Duiven, Netherlands

Kenter is an energy infrastructure solutions business providing medium-voltage infrastructure (including transformers and switchgear), meters, battery storage, EV charging and heating solutions to over 28,000 commercial and industrial business. Kenter was founded in 2016 and is based in Duiven, Netherlands.

Buy -

Seller(S) 1

SELLER

NPM Capital

Amsterdam, Netherlands

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1948
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

NPM Capital is a unit of family owned holding company, SHV Holdings, set-up to invest in and acquire medium-sized Dutch companies. Prospective opportunities are typically family-owned companies or divisions of of large corporations. NPM will consider both majority and minority positions in companies valued between EUR35 to EUR300 million. The Firm looks at businesses in all sectors of the Dutch economy. NPM Capital was originally established in 1948 and is based in Amsterdam.

DEAL STATS #
Overall 39 of 40
Sector (Renewable Energy) 1 of 1
Type (Secondary Buyout) 11 of 11
Country (Netherlands) 37 of 38
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Hellorider

Amsterdam, Netherlands

Hellorider makes the daily commute greener and healthier. Hellorider opens up bicycle lease mobility to the business market through its SaaS platform through lease partners. Hellorider connects leasing companies, bicycle dealers, employers and the employee on the bicycle leasing platform. Hellorider is based in Amsterdam, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-25 Otolift

Bergambacht, Netherlands

Otolift is the design, production, installation, and maintenance of stairlifts, enabling people to continue living in their own homes and familiar environments. Otolift was founded in 1891 and is based in Bergambacht, Netherlands.

Buy -
Mergr

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