Antin Infrastructure Partners

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Antin Infrastructure Partners
Founded2007
Key people
  • Alain Rauscher (CEO)[1]
  • Melanie Biessy (COO)[2]
AUM€30.6 billion (December 2022)
Websitewww.antin-ip.com

Antin Infrastructure Partners is a private equity firm with offices in Paris, London, New York, Luxembourg and Singapore.[3] It has EUR 30.6 billion in assets under management as of December 2022.[4] Antin invests in the energy & environment, digital technology, transportation, and social infrastructure sectors.[5]

History

Antin was founded in Paris in 2007.[6][7] Initially sponsored by BNP Paribas, the company bought out the bank's 40 per cent stake in 2012. Led by former banker Alain Rauscher, Antin manages four funds for infrastructure investment in Europe and North America, each with a focus on Energy & Environment, Digital technology, Transportation, and Social infrastructure sectors.[5] The company owned one third of all rolling stock in the UK in 2014.[8] By late 2022, Antin had more than 190 partners and employees.[5]

In 2021, Antin became a publicly-traded company after listing in an IPO on Euronext Paris.[9][10]

Antin sponsors a research chair in private equity and infrastructure at HEC Paris, which in 2019 was held by Denis Gromb, who has been Professor at the Finance Department.[11] The firm also finances the chair of infrastructure finance at Italian Bocconi University. The chair is currently held by Stefano Gatti.[12]

Investments

In August 2011, Antin invested in the Spanish

Andasol 1 and 2 solar power plants. After a 7 per cent tax on electricity production was imposed by the Spanish government in 2013, Antin sued the Spanish State. The Court of Arbitration of the World Bank acknowledged a compensation of €112 million to Antin. Eventually, Antin sold off the Andasol 1 and 2 power plants in 2017.[13]

In September 2014 it was announced that the Israeli conglomerate

Delek Group was selling UK freeway services company Roadchef to Antin for £153 million.[14]

In September 2014 Antin bought UK motorway services company Roadchef for £153 million.[15]

Between 2014 and 2015, Antin acquired a 99 per cent stake in Central Area Transmission System, a natural gas transmission and processing system, from BG Group.[16]

In 2015, Antin acquired Amedes [de], a German company active in the sector of laboratory and health services.[17]

In 2017, Antin bought 60 per cent of the capital of the French clinic group Almaviva Santé [fr] from Gimv and UI Gestion.[18]

Since 2018, Antin has bought 82 per cent of Norwegian shipping company Sølvtrans [no].[19]

In May 2018, Antin acquired Idex.[20]

Antin invested in UK telecoms company CityFibre in 2018.[21]

In August 2019, Antin sold a minority stake in Eurofiber, a Dutch

PGGM,[22] after having bought the company for 875 million Euros in 2015.[23]

In late 2019, Antin acquired the U.S. district energy assets of Veolia to establish Vicinity Energy.[24]

In late 2020, Antin acquired

datacenter services.[26]

In 2022, CityFibre secured £4.9 billion in debt finance from banks and investors, among them Antin.[27]

Controversies

In January 2023, a social infrastructure provider owned by Antin[28] - The Hesley Group - was the subject of an investigation by BBC News. BBC News reported that children in care were punched, locked out naked, and had vinegar poured on cuts.[29] The complaints were raised 3 years prior to the closure of the children's home. The BBC commissioned research that found more than a quarter of all children's home placements in England and Wales were run by private equity firms, and criticised the alleged lack of accountability in the sector.[29] Hesley was put up for sale in 2023.[30]

References

  1. ^ "European Infrastructure Investor Antin Considers IPO". Bloomberg.com. 5 July 2021.
  2. ^ "Women of Influence: Infrastructure". Venture Capital Journal. 2022-07-01. Retrieved 2023-02-24.
  3. ^ Majunke, Sven (2021-07-31). "Latham & Watkins berät Antin beim Verkauf von amedes". MAJUNKE Consulting (in German). Retrieved 2023-02-24.
  4. ^ "Antin Infrastructure Partners: Antin Reaches More Than €30bn in Assets Under Management". FinanzNachrichten (in German). 2023-03-17. Retrieved 2023-03-17.
  5. ^ a b c Wallstreet Online (2022-11-04). "Strong Growth In 3Q 2022". wallstreet-online.de (in German). Retrieved 2023-02-24.
  6. ^ Mkandawire, Vinjeru (2019-05-04). "Infrastructure giant Antin lining up $1bn sale of pipeline between the North Sea and Teeside [sic]". The Telegraph. Retrieved 2023-02-22.
  7. ^ "Antin Infrastructure Partners". Infrastructure Finance & Investment. Retrieved 2023-02-22.
  8. ^ Chassany, Anne-Sylvaine (2014-06-09). "Antin raises €2bn fund to buy European infrastructure". Financial Times. Retrieved 2023-02-22.
  9. ^ "Antin IPO will inspire private equity copycats". Reuters. 2021-09-24. Retrieved 2023-02-22.
  10. ^ "Pourquoi les fonds d'investissements non-cotés vont en Bourse". LEFIGARO (in French). 2021-09-24. Retrieved 2023-02-22.
  11. ^ "Private Equity and Infrastructure Antin IP Research Chairs". HEC Paris. Retrieved 13 September 2019.
  12. ^ Molteni, Maria Elena (2021-03-29). "Serra, Algebris: il modello public company ha fallito". Fortune Italia (in Italian). Retrieved 2023-03-13.
  13. ^ Abuín, E. (21 June 2018). "España indemnizará con 112 millones a Antin por dos plantas solares granadinas". Granada Hoy (in Spanish). Retrieved 1 March 2023.
  14. ^ "Delek Group to sell Britain's Roadchef for $250 million". Reuters. Thomson Reuters. 14 September 2014. Retrieved 13 September 2019.
  15. ^ Favas, Matthieu (2014-09-16). "Antin buys UK roadside service business for £153m". Infrastructure Investor. Retrieved 2023-10-12.
  16. ^ McNeal, Ian (2019-05-05). "Giant pipeline bringing gas to Teesside 'could be sold for billions'". Gazette Live. Retrieved 2023-10-24.
  17. ^ Köhler, Peter (2016-12-13). "Investoren fahren auf Infrastruktur ab". Handelsblatt). p. 035.
  18. ^ Molga, Paul (24 October 2017). "Le groupe Alamaviva Santé va changer de main". Les Echos (in French). Retrieved 22 February 2022.
  19. ^ Anders Furuset (16 June 2022). "Taus Halsebakk ut av Sølvtrans-styret". IntraFish.no). Retrieved 1 March 2023.
  20. ^ Hanssen, Maxime (26 November 2018). "" Idex est mature pour se développer hors de France "". www.lemoniteur.fr (in French). Retrieved 22 February 2023.
  21. ^ Gubagaras, Mark Anthony (2018-04-18). "Goldman Sachs-, Antin-backed consortium to acquire UK's CityFibre for £537.8M". www.spglobal.com. Retrieved 2023-10-24.
  22. ^ "PGGM buys minority stake in Eurofiber from Antin". reuters.com. September 28, 2021. Retrieved November 22, 2021.
  23. ^ Balezou, Myriam; Nair, Dinesh (30 August 2019). "Antin Explores Sale of Dutch Network Owner Eurofiber". Bloomberg LP. Retrieved 15 January 2020.
  24. ^ Nhede, Nicholas (28 January 2020). "North America's largest district energy provider launched". Smart Energy International. Retrieved 22 August 2023.
  25. ^ Ficai, Francesca (17 September 2020). "Babilou strikes a deal with Antin, underwritten by BNPP and J.P. Morgan". S&P Global. Retrieved 23 August 2023.
  26. ^ "Antin Infrastructure Partners acquires Pulsant".
  27. ^ Gross, Anna (2 June 2022). "CityFibre secures £4.9bn debt raise to roll out broadband to 8mn UK homes". Financial Times. Retrieved 1 March 2023.
  28. ^ "Investments | Antin". www.antin-ip.com.
  29. ^ a b "Children punched and hit over the head in care homes rated 'good'". January 24, 2023 – via www.bbc.co.uk.
  30. ^ Plimmer, Gill; Louch, Will (16 August 2023). "Scandal-hit children's care homes up for sale by private equity owner". www.ft.com.
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