Antin Infrastructure Partners
Antin Infrastructure Partners is a private equity firm focused on infrastructure investment, with offices in Paris, London and Luxembourg.[2]
![]() | |
Type | Private Ownership |
---|---|
Industry | Private Equity |
Founded | 2007 |
Key people | Mark Crosbie (managing partner) Alain Rauscher (managing partner)[1] |
Website | antin-ip.com |
History
Antin was founded in Paris in 2007.[3][4] Initially sponsored by BNP Paribas, the firm bought out the bank's 40% 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 telecommunications, transportation, energy and the environment, or social sectors.[5] In 2014, the firm owned a third of all trains running in the UK.[6] As of September 2021, Antin had 75 partners and over 65 professional staff.[7]
Antin sponsors a research chair in private equity and infrastructure at HEC Paris, which in 2019 was held by Denis Gromb, Professor, Finance Department.[8]
Investments
In September 2014 it was announced that the Israeli conglomerate Delek Group was selling UK freeway services company Roadchef to Antin for £153 million.[9]
Between 2014 and 2015, Antin acquired a 99% stake in Central Area Transmission System, a natural gas transportation and processing system, from BG Group.[10]
In July 2018, Antin announced that it was seeking to raise €5 billion for its fourth fund, having raised €3.6 billion for its third in 2016.[2][11] In April 2019, more than €2.5 billion had been committed.[12]
In September 2018, Antin was reported as having raised €8 billion, and to have invested in 22 companies.[13] In August 2019, Antin sold a minority stake in Eurofiber, a Dutch fiber-optic network, to PGGM,[14] after having bought the company for 875 million Euros in 2015.[15]
In late 2019, Antin acquired the U.S. district energy assets of Veolia to establish Vicinity Energy.[16]
In late 2020, Antin was reported as acquiring Babilou, a French nursery operator,[17] and Hippocrates Holding, an Italian pharmacy network.[18] In 2021, it acquired Pulsant, a provider of datacenter services.[19]
On September 24, 2021, its IPO was the largest to date on Euronext for 2021, with Antin shares set at €24 per share, then surging to close at €30, giving the firm a value of about 5.1 billion euros.[20] Prior to its IPO, the firm was valued at four billion Euros.[21]
Controversies
In January 2023, a social infrastructure provider owned by Antin[22] - 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.[23] The complaints were raised 3 years prior to the closure of the children's home. The BBC commissionned 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.
References
- "European Infrastructure Investor Antin Considers IPO". Bloomberg.com. 5 July 2021.
- Tan, Gillian; Syed, Sarah (24 July 2018). "Antin Infrastructure Is Seeking $5.8 Billion for Its Fourth Fund". Bloomberg LP. Retrieved 13 September 2019.
- Mkandawire, Vinjeru (4 May 2019). "Infrastructure giant Antin lining up $1bn sale of pipeline between the North Sea and Teesside". The Telegraph. The Daily Telegraph.
- "Antin Infrastructure Partners". infrapppworld. Retrieved 13 September 2019.
- Gross, Anna (September 3, 2021). "France's Antin plans IPO to ride infrastructure boom". ft.com. Retrieved November 22, 2021.
- Chassany, Anne-Sylvaine (9 June 2014). "Antin raises €2bn fund to buy European infrastructure". Financial Times. Retrieved 28 October 2019.
- Barbaglia, Pamela (September 3, 2021). "France's Antin Infrastructure Partners plans to list on Euronext Paris". Reuters.com. Retrieved November 22, 2021.
- "Private Equity and Infrastructure Antin IP Research Chairs". HEC Paris. Retrieved 13 September 2019.
- "Delek Group to sell Britain's Roadchef for $250 million". Reuters. Thomson Reuters. 14 September 2014. Retrieved 13 September 2019.
- Denina, Clara; Nasralla, Shadia (4 September 2019). "RPT-Antin Infrastructure hires banks to sell UK gas pipeline". Thomson Reuters. Retrieved 4 November 2019.
- Espinoza, Javier (12 December 2016). "Antin raises €3.6bn fund for European infrastructure assets". Financial Times. Retrieved 28 October 2019.
- Bentley, Zak (18 April 2019). "Antin halfway to fund IV target with first close". Infrastructure Investor. Retrieved 13 September 2019.
- Berge, Aslak (3 September 2018). "Antin Infrastructure Partners to acquire Sølvtrans from Oaktree". Salmon Business. Retrieved 15 January 2020.
- "PGGM buys minority stake in Eurofiber from Antin". reuters.com. September 28, 2021. Retrieved November 22, 2021.
- Balezou, Myriam; Nair, Dinesh (30 August 2019). "Antin Explores Sale of Dutch Network Owner Eurofiber". Bloomberg LP. Retrieved 15 January 2020.
- "Vicinity Launches as Largest District Energy Provider in America". Vicinity. 30 December 2019. Retrieved 26 January 2022.
- "Babilou strikes a deal with Antin, underwritten by BNPP and J.P. Morgan".
- "Antin Infrastructure to buy Italian pharmacy network Hippocrates". Reuters. 16 November 2020.
- "Antin Infrastructure Partners acquires Pulsant".
- Gross, Anna (September 24, 2021). "Antin IPO will inspire private equity copycat". ft.com. Retrieved November 22, 2021.
- "Antin: French group opens the door on private infrastructure". ft.com. September 15, 2021. Retrieved November 22, 2021.
- https://www.antin-ip.com/portfolio/investments
- https://www.bbc.co.uk/news/uk-63792458