Investment Summary

OMERS Infrastructure, La Caisse, Wren House Infrastructure and Spark Infrastructure Invest In TransGrid

On December 15, 2015, infrastructure investor OMERS Infrastructure, asset manager La Caisse, infrastructure investor Wren House Infrastructure and Spark Infrastructure invested in utilities company TransGrid

Investment Highlights
  • This is OMERS Infrastructure’s 6th, La Caisse’s 1st, Wren House Infrastructure’s 1st and Spark Infrastructure’s 1st transaction in the Utilities sector.
  • This is OMERS Infrastructure’s 1st, La Caisse’s 2nd, Wren House Infrastructure’s 1st and Spark Infrastructure’s 1st transaction in Australia.

Investment Summary

Date 2015-12-15
Target TransGrid
Sector Utilities
Investor(s) OMERS Infrastructure
La Caisse
Wren House Infrastructure
Spark Infrastructure
Deal Type Stake Purchase

Target

TransGrid

Sydney, Australia
Transgrid operates and manages a high voltage electricity transmission network that connects key Australian generators, distributors and major end users. TransGrid was founded in 1950 and is based in Sydney, Australia.

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Investor(S) 4

Investor

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 30 of 54
Sector: Utilities M&A 6 of 9
Type: Stake Purchase M&A Deals 2 of 10
Country: Australia M&A 1 of 3
Year: 2015 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-13 Chicago Skyway

Chicago, Illinois, United States

Chicago Skyway is a 12.5km toll road providing a critical link between downtown Chicago and communities in eastern Illinois and Northwest Indiana. Chicago Skyway is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-27 Exolum

Madrid, Spain

Exolum is a provider of transportation and storage for refined oil products. The company handles a variety of refined fuels which are utilized by the land, aviation and marine transport sectors. Exolum was founded in 1927 and is based in Madrid, Spain.

Buy -
Investor

La Caisse

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1965
PE ASSETS 90.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

CDPQ is a global asset management firm focused on a variety of investing strategies including fixed income, real estate, infrastructure, private equity, venture capital, and public equities. Within private equity, CDPQ looks to acquire significant minority stakes in businesses operating in a variety of sectors and seeks to commit $250 million to $1 billion per transaction. CDPQ was established in 1965 and is headquartered in Montreal, Quebec.


DEAL STATS #
Overall 15 of 106
Sector: Utilities M&A 1 of 3
Type: Stake Purchase M&A Deals 3 of 17
Country: Australia M&A 2 of 7
Year: 2015 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-25 WSP

Montreal, Quebec, Canada

WSP Global is a professional services firm providing engineering and design services as well as consultancy services across various sectors. WSP operates in fields such as buildings, transportation, infrastructure, environment, water, energy, and resources. WSP offers strategic advisory, planning, engineering, and project management services to clients ranging from governments and municipalities to private businesses and international organizations. WSP was founded in 1885 and is based in Montreal, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-18 Groupe Marcelle

Lachine, Quebec, Canada

Groupe Marcelle manufactures cosmetics under brands: Marcelle, Lise Watier, Annabelle and CW Beggs. Groupe Marcelle is based in Lachine, Quebec.

Buy -
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 3 of 14
Sector: Utilities M&A 1 of 2
Type: Stake Purchase M&A Deals 2 of 5
Country: Australia M&A 1 of 1
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-30 GPG

Madrid, Spain

GPG is a global, primarily “clean technology” generation company, with ¬3GW of generation capacity in 7 countries and a significant pipeline of projects. GPG is based in Madrid, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-26 London City Airport

London, United Kingdom

London City Airport an offers access to over 45 destinations within the United Kingdom, Europe and the United States. The airport is an integral part of the London airport system and offers a service proposition based around location, convenience, speed and customer service. London City Airport was founded in 1985 and is based in London, United Kingdom.

Buy -
Investor

Spark Infrastructure

Barangaroo, Australia

Category Company
Founded 2005
Sector Infrastructure
Employees5,400
Revenue 7M AUD (2020)
DESCRIPTION

Spark Infrastructure owns and manages a portfolio of electricity infrastructure assets. Spark Infrastructure was founded in 2005 and is based in Barangaroo, Australia.


DEAL STATS #
Overall 1 of 1
Sector: Utilities M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2015 M&A 1 of 1