M&A Deal Summary

Ontario Teachers Pension Plan and Universities Superannuation Scheme Acquire Westerleigh Group

On November 10, 2016, pension Ontario Teachers Pension Plan and Universities Superannuation Scheme acquired consumer services company Westerleigh Group from Antin Infrastructure Partners

Acquisition Highlights
  • This is Ontario Teachers Pension Plan’s 4th and Universities Superannuation Scheme’s 1st transaction in the Consumer Services sector.
  • This is Ontario Teachers Pension Plan’s 15th and Universities Superannuation Scheme’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2016-11-10
Target Westerleigh Group
Sector Consumer Services
Buyer(s) Ontario Teachers Pension Plan
Universities Superannuation Scheme
Sellers(s) Antin Infrastructure Partners
Deal Type Secondary Buyout

Target

Westerleigh Group

Bristol, United Kingdom
website
Westerleigh Group is an independent owner and operator of crematoria in the UK. Westerleigh Group was founded in 1990 and is based in Bristol, United Kingdom.

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Buyer(S) 2

Buyer

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website

Category Pension
Founded 1990
PE ASSETS 242.5B 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 99 of 175
Sector (Consumer Services) 4 of 8
Type (Secondary Buyout) 34 of 56
Country (United Kingdom) 15 of 20
Year (2016) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-08 Q9 Networks

Toronto, Ontario, Canada

Q9 Networks, Inc. is a provider of outsourced data center infrastructure for mission-critical IT operations. Operates three state-of-the-art data centers in Ontario and Alberta, Canada. Headquartered in Toronto, ON.

Sell $675M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-19 Arterra Wines Canada

Mississauga, Ontario, Canada

Arterra Wines Canada is a producer and marketer of wines. Arterra Wines Canada is based in Mississauga, Ontario.

Buy -
Buyer

Universities Superannuation Scheme

London, United Kingdom

website

Category Company
Sector Financial Services
DESCRIPTION

Universities Superannuation Scheme (USS) is the principal pension scheme provided by Universities, Higher Education and other associated institutions.

DEAL STATS #
Overall 1 of 2
Sector (Consumer Services) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (United Kingdom) 1 of 2
Year (2016) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-24 Nexus Pine Management

London, United Kingdom

Nexus Pine Management identified a financing requirement for the nursery education sector through the provision of sale and leaseback and in conjunction with a former nursery school chain operator and owner has developed the PINE concept. The company have established and successful track record in Education with PINE I, where it built up a portfolio of 33 educational assets. Nexus Pine Management is based in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

Antin Infrastructure Partners

Paris, France

Investor Investor Investor Investor Investor

website

Category Infrastructure
Founded 2007
PE ASSETS 22.0B EUR
Size Mega
Type Sector Focused
DESCRIPTION

Antin Infrastructure Partners is an infrastructure investment firm focused on opportunities throughout the Europe. Antin looks for assets with low technology risk and limited operating risk. Specific areas of interest include transportation (toll roads, airports, ports, car parks), energy/environment (gas storage, LNG terminals, energy transmission, distribution, water infrastructure, waste management), and telecom (GSM towers, ADSL networks, broadcast networks, cable networks, and satellites). The lead sponsor of Antin is BNP Paribas. Antin Infrastructure Partners was established in 2007 and is based in Paris.

DEAL STATS #
Overall 2 of 9
Sector (Consumer Services) 1 of 1
Type (Secondary Buyout) 2 of 6
Country (United Kingdom) 1 of 3
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 Grandi Stazioni Retail

Milan, Italy

Grandi Stazioni Retail is a management of commercial leasing and advertising spaces of 14 Italian railway stations. Grandi Stazioni Retail was founded in 2016 and is based in Milan, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-04 Babilou

Bois Colombes, France

Babilou is a provider of daycare services. Serving children under the age of three, Babilou primarily runs company-owned and operated nurseries serving corporate clients and municipalities, as well as a booking platform offering access to daycare spots at partner nurseries. Babilou has also expanded internationally and now operates more than 550 nurseries in France, Germany, Belgium, Dubai, and Switzerland. Babilou was founded in 2003 and is based in Bois Colombes, France.

Buy -
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