M&A Deal Summary

Partners Group Acquires Fortum - District Heating Platform

On March 12, 2021, asset manager Partners Group acquired utilities company Fortum - District Heating Platform from Fortum

Acquisition Highlights
  • This is Partners Group’s 3rd transaction in the Utilities sector.
  • This is Partners Group’s 3rd transaction in Finland.

M&A Deal Summary

Date 2021-03-12
Target Fortum - District Heating Platform
Sector Utilities
Buyer(s) Partners Group
Sellers(s) Fortum
Deal Type Divestiture

Target

Fortum - District Heating Platform

Espoo, Finland
Fortum's District Heating Platform operates across Estonia, Latvia, and Lithuania has 74 generation assets, which generate a heat capacity of 881 MW and a power capacity of 130 MW across 387 kilometers of district heating networks. The District Heating Platform's fuel is largely derived from renewable or recycled sources, mainly biomass. Growing demand for district heating is being driven by several transformative trends in the region, including fast-growing economies and urbanizing populations, as well as rising support for sustainable energy initiatives.

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Buyer(S) 1

Buyer

Partners Group

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1996
PE ASSETS 174.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Partners Group is a global investment management firm with a variety of funds and institutional clients. The Firm's direct investment group looks to invest in or acquire market leading companies with growth opportunities linked to technology. Partners is a hands-on investor and looks to actively support its portfolio companies with expansion, operational, and governance structure support. Partners Group was established in 1996 and is headquartered in Zug, Switzerland.


DEAL STATS #
Overall 77 of 97
Sector: Utilities M&A 3 of 3
Type: Divestiture M&A Deals 3 of 3
Country: Finland M&A 3 of 3
Year: 2021 M&A 7 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-03 Precisely

Burlington, Massachusetts, United States

Precisely is a provider of data integrity software. The Company provides accuracy, consistency, and context in data for 12,000 customers in more than 100 countries. Precisely’s data integration, data quality, data governance, location intelligence, and data enrichment products power better business decisions to create better outcomes. Precisely is based in Burlington, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-30 Cerba HealthCare

Issy-les-Moulineaux, France

Cerba HealthCare is an operator of clinical pathology laboratories, with a number one position in France and strong market positions in Belgium and Luxembourg. The majority of Cerba's revenues are generated via routine lab tests. Cerba HealthCare was founded in 1967 and is based in Issy-les-Moulineaux, France.

Sell -

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 9 of 9
Sector: Utilities M&A 4 of 4
Type: Divestiture M&A Deals 9 of 9
Country: Finland M&A 3 of 3
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-01 Recharge

Moss, Norway

Recharge is a charge point operator (CPO) that owns and operates a network of EV charging stations. Recharge offers charging services to both individual EV drivers and to other companies in the e-mobility sector. Recharge was founded in 2012 and is based in Moss, Norway.

Sell -