Investment Summary

QIC, APG Asset Management, Ontario Teachers Pension Plan and Swiss Life Invest In Brussels Airport

On March 15, 2019, sovereign wealth fund QIC, asset manager APG Asset Management, pension Ontario Teachers Pension Plan and Swiss Life invested in infrastructure company Brussels Airport from Macquarie Infrastructure and Real Assets

Investment Highlights
  • This is QIC’s 1st, APG Asset Management’s 1st, Ontario Teachers Pension Plan’s 9th and Swiss Life’s 1st transaction in the Infrastructure sector.
  • This is QIC’s 1st, APG Asset Management’s 1st, Ontario Teachers Pension Plan’s 1st and Swiss Life’s 1st transaction in Belgium.

Investment Summary

Date 2019-03-15
Target Brussels Airport
Sector Infrastructure
Investor(s) QIC
APG Asset Management
Ontario Teachers Pension Plan
Swiss Life
Sellers(s) Macquarie Infrastructure and Real Assets
Deal Type Stake Purchase

Target

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.

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Investor(S) 4

Investor
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 1 of 8
Sector: Infrastructure M&A 1 of 2
Type: Stake Purchase M&A Deals 1 of 1
Country: Belgium M&A 1 of 1
Year: 2019 M&A 1 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-23 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.

Buy -
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 3 of 9
Sector: Infrastructure M&A 1 of 2
Type: Stake Purchase M&A Deals 1 of 3
Country: Belgium M&A 1 of 2
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 TDF

Montrouge, France

TDF engages in the operation and provision of audiovisual, mobile phone, and broadband services to radio and television operators, telecoms operators, and local communities in Europe. It also involves in the video shooting; analog/digital television and radio broadcasting; and the deployment, maintenance, and management of telecom networks. TDF was founded in 1975 and is based in Montrouge, France.

Buy €3.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-23 Interparking

Bruxelles, Belgium

Interparking is one of the major European car park operators. Interparking designs, builds, operates and maintains high-quality car parks across Europe. Interparking operates 949 car park sites with c.415,000 parking spaces in cities across 416 cities in 9 countries. These include Belgium, the Netherlands, Spain, France, Italy, Poland and Romania, and Interparking operates car parks in Germany and Austria under the brand Contipark. Interparking was founded in 1958 and is based in Bruxelles, Belgium.

Buy -
Investor

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Pension
Founded 1990
PE ASSETS 116.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.


DEAL STATS #
Overall 120 of 176
Sector: Infrastructure M&A 9 of 12
Type: Stake Purchase M&A Deals 11 of 18
Country: Belgium M&A 1 of 1
Year: 2019 M&A 2 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 VerSe Innovation

Bengaluru, India

VerSe Innovation’s proprietary technology platform powers 300 million + users to consume content in their local language on Dailyhunt. VerSe Innovation technology also powers India’s 1 and most engaging short video app Josh. VerSe Innovation was founded in 2007 and is based in Bengaluru, Karnataka.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-25 Inmarsat

London, United Kingdom

Inmarsat is a global mobile satellite communications provider that owns and operates a diverse global portfolio of mobile telecommunications satellite networks, and holds a multi-layered, global spectrum portfolio, covering L-band, Ka-band, and S-band, enabling unparalleled breadth and diversity in the solutions it provides. Inmarsat's long-established global distribution network includes not only the world's leading channel partners but also its own strong direct retail capabilities, enabling end-to-end customer service assurance. The company has an unrivalled track record of operating reliable global mobile satellite telecommunications networks, sustaining business and mission critical safety and operational applications for more than 40 years. It is also a major driving force behind technological innovation in mobile satellite communications, sustaining its leadership through a substantial investment and a powerful network of technology and manufacturing partners. Inmarsat was formed in 1979 and is based in London.

Buy $3.4B
Investor

Swiss Life

Zurich, Switzerland

Category Company
Founded 1857
Sector Insurance
Employees9,134
Revenue 14.4B CHF (2024)
DESCRIPTION
Swiss Life office in Zurich, Switzerland.
Swiss Life office in Zurich, Switzerland.

Swiss Life is a Western European financial solutions and insurance provider. In its core markets of Switzerland, France, and Germany, the company offers individuals and corporations comprehensive and individual advice plus a broad range of its own and partner products through its sales force and distribution partners such as brokers and banks. Swiss Life was founded in 1857 and is based in Zurich, Switzerland.


DEAL STATS #
Overall 2 of 3
Sector: Infrastructure M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Belgium M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-04 Fincentrum a.s.

Praha 8, Czech Republic

Fincentrum Czech Republic is one of the largest financial advisory service providers in the Czech Republic. Dozens of advisory centers throughout the entire Czech Republic and in Slovakia help individuals and corporate clients have a good understanding of the complex world of finance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-08 Condecta

Winterthur, Switzerland

Condecta is a sales and rental provider of modular space systems, cranes/construction equipment, and event infrastructure. Condecta was founded in 1959 and is based in Winterthur, Switzerland.

Buy -

Seller(S) 1

DESCRIPTION

Macquarie Infrastructure and Real Assets (MIRA) is a global investor in infrastructure, real estate, agriculture, and energy assets. MIRA's infrastructure practice looks to acquire businesses such as transportation, water and energy utilities, and waste management. MIRA's real estate practice looks to acquire and develop retail, commercial, residential and industrial properties. MIRA's agriculture team looks to operate and develop agriculture businesses and farmland. MIRA's energy team seeks opportunities in upstream energy and upstream energy-related assets and businesses in the US and Canada. Macquarie Infrastructure and Real Assets is headquartered in London with additional offices throughout the world.


DEAL STATS #
Overall 3 of 11
Sector: Infrastructure M&A 1 of 2
Type: Stake Purchase M&A Deals 2 of 2
Country: Belgium M&A 1 of 1
Year: 2019 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-12 Tunnel Hill Partners

Stamford, Connecticut, United States

Tunnel Hill Partners is an integrated waste management company with a growing number of landfill, transfer station and hauling assets located throughout Ohio and the Northeast. Its flagship landfill comprises more than 2,200 acres, has over 150 million tons of permittable capacity, provides direct access to the Ohio Central Railroad, and has an advanced load-out facility (one of only two in Ohio).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-06 Currenta & Co. OHG

Leverkusen, Germany

Currenta GmbH & Co. OHG manages and operates infrastructure, energy supply, and other essential services across the chemical parks in Leverkusen, Dormagen, and Krefeld-Uerdingen, More than 70 production companies, and service providers currently enjoy the benefits of being located in Germany’s largest chemical park.

Buy €3.5B