M&A Deal Summary

Stonepeak Acquires Arvida Group

On July 21, 2024, infrastructure investor Stonepeak acquired business services company Arvida Group for 1.3B USD

Acquisition Highlights
  • This is Stonepeak’s 2nd transaction in the Business Services sector.
  • This is Stonepeak’s 9th largest (disclosed) transaction.
  • This is Stonepeak’s 1st transaction in New Zealand.

M&A Deal Summary
Date 2024-07-21
Target Arvida Group
Sector Business Services
Buyer(s) Stonepeak
Deal Type Going Private
Deal Value 1.3B USD
Advisor(s) Cameron Partners Ltd. (Financial)

Target

Arvida Group

Auckland, New Zealand
Arvida Group is a retirement village operator that offers a range of living options to meet the needs of aged individuals including independent living and hospital-level care. Arvida Group was founded in 2014 and is based in Auckland, New Zealand.

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Buyer(S) 1

Buyer

Stonepeak

Investor Investor Investor Investor Investor

Category Infrastructure
Founded 2011
PE ASSETS 57.1B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stonepeak is a private equity firm focused on North American infrastructure investing. Specific areas of interest include energy assets, power/renewables, transportation, utilities, water, and communications. Stonepeak was formed in 2011 and is headquartered in New York City.

DEAL STATS #
Overall 37 of 40
Sector (Business Services) 2 of 3
Type (Going Private) 5 of 6
Country (New Zealand) 1 of 1
Year (2024) 1 of 4
Size (of disclosed) 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-28 WTG

Midland, Texas, United States

WTG provides comprehensive midstream services including wellhead gathering, intra-basin transportation, and processing services. WTG is based in Midland, Texas.

Sell $3.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-26 Lineage

Novi, Michigan, United States

Lineage is a warehousing and logistics company built to deliver sophisticated, customized, and dependable cold supply solutions for a variety of customers worldwide. Lineage was founded in 2012 and is based in Novi, Michigan.

Sell -
Mergr

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