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M&A Deal Summary

QIC Acquires Pacific Energy

On July 23, 2019, sovereign wealth fund QIC acquired energy services and equipment company Pacific Energy

Acquisition Highlights
  • This is QIC’s 1st transaction in the Energy Services and Equipment sector.
  • This is QIC’s 1st transaction in Australia.

M&A Deal Summary
Date 2019-07-23
Target Pacific Energy
Sector Energy Services and Equipment
Buyer(s) QIC
Deal Type Buyout (LBO, MBO, MBI)

Target

Pacific Energy

Kewdale, Australia
Pacific Energy is a provider of sustainable distributed energy, specialising in build-own-operate powergeneration for regional towns and resources sector. Pacific Energy was founded in 1981 and is based in Kewdale, Australia.

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Buyer(S) 1

Buyer

QIC

Investor Investor Investor

Category Sovereign Wealth Fund
Founded 1991
Size Large
Type Sector Agnostic
DESCRIPTION

Queensland Investment Corp (QIC) is a government owned and funded investment group serving the Australian state of Queensland. QIC has a range of investment strategies including private equity, infrastructure, real estate, hedge funds, and equities. QIC was established in 1991 and is based in Brisbane.

DEAL STATS #
Overall 2 of 8
Sector: Energy Services and Equipment M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
Country: Australia M&A 1 of 4
Year: 2019 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-15 Brussels Airport

Brussels, Belgium

Brussels Airport manages the Brussels airport, a European airport handling 25.7 million passengers and 732,000 tonnes of freight annually. Brussels Airport links the European capital with 248 destinations worldwide and is served by 80 different airlines. Brussels Airport is based in Brussels, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-05 Sea Swift

Cairns, Australia

Sea Swift is a shipping business in remote locations (regular cargo business, project business, and fishing support). Sea Swift was founded in 1987 and is based in Cairns, Australia.

Buy -
Mergr

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