M&A Deal Summary

UBS Asset Management Real Estate & Private Markets Acquires Gascan

On February 11, 2019, asset manager UBS Asset Management Real Estate & Private Markets acquired energy services and equipment company Gascan from Artá Capital

Acquisition Highlights
  • This is UBS Asset Management Real Estate & Private Markets’ 1st transaction in the Energy Services and Equipment sector.
  • This is UBS Asset Management Real Estate & Private Markets’ 1st transaction in Portugal.

M&A Deal Summary

Date 2019-02-11
Target Gascan
Sector Energy Services and Equipment
Buyer(s) UBS Asset Management Real Estate & Private Markets
Sellers(s) Artá Capital
Deal Type Secondary Buyout

Target

Gascan

Lisbon, Portugal
Gascan is a player in the piped LPG segment in Portugal, serving more than 65,000 domestic clients located throughout the country. The company manages its own supply infrastructure, comprising over 2,000 tanks and nearly 750km of associated pipes, and supplies over 12,000 tonnes of LPG each year. Gascan was founded in 1993 and is based in Lisbon, Portugal.

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Buyer(S) 1

DESCRIPTION

UBS Asset Management Real Estate and Private Markets team is the private equity oriented investment arm of UBS Asset Management. The Group looks to acquire interests in infrastructure, real estate, and other private equity positions and will consider opportunities throughout Europe, North America, South America, and Asia. UBS Asset Management Real Estate and Private Markets is headquartered in Zurich.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: Portugal M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

Artá Capital

Madrid, Spain

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 800M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Artá Capital is a private equity firm focused on investing in and acquiring businesses throughout the Iberian peninsula. Artá Capital has a preference for growth deals and buyouts of middle-market family-owned companies. Artá is sector agnostic and generally looks for businesses valued between €100 and €500 million. Artá Capital was established in 2008 and is headquartered in Madrid.


DEAL STATS #
Overall 6 of 11
Sector: Energy Services and Equipment M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 4
Country: Portugal M&A 1 of 1
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-01 Berlys

Multiva Baja, Spain

Panaderías Navarras, S.A. is manufacture, distribution, and sale of fresh and frozen bread, baked goods and pastries in Spain through its network of 185 shops. Also, its subsidiary BERLYS, which specializes in frozen products, sold to over 16,000 customers, which include bakeries, hotels, restaurants, hypermarkets and other food shops. Its strategic plan aims, on the one hand, to the consolidation of business in the areas where the company is already present, together with its geographic expansion into other regions and foreign markets and the launch of new products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-02 Mecalux S.A.

Barcelona, Spain

Mecalux S.A. is a manufacturer, sales and services metal racking, automated warehouses and other storage solutions. Selling throughout more than 70 countries, Mecalux has eleven production centers: in Spain, Poland, USA, Argentina, Mexico and Brazil.

Sell €122M