Infrastructure
Blackstone, GIP, Brookfield vie for Italian infrastructure giant Atlantia
April 7, 2022
Private equity firms have begun bidding for Italian airport and motorway operator Atlantia in hopes of boosting their infrastructure portfolios.
Global Infrastructure Partners (GIP) and Brookfield Asset Management have made a non-binding bid for Atlantia, while Blackstone is considering teaming up with the Benetton family, which owns 33% of Atlantia, in an effort to take the company private, Bloomberg reported.
A potential sale price has not yet been made public, but Atlantia holds a market value of roughly $18 billion.
The pursuit of Atlantia follows the recent completion of a few significant infrastructure deals by the competing private equity firms.
In January, Blackstone agreed to invest about $3 billion in Invenergy, a private renewable energy company in North America, and acquired a 35% stake in Phoenix Tower International, an operator of cell towers and wireless infrastructure in the Americas and Europe.
Also in January, GIP, alongside Meridiam and the Caisse des Dépôts Group, finalized the acquisition of Suez, a French environmental services company that provides local communities and industrial customers with water, waste and air management.
Featured image by Ilya Lukichev/Getty Images
Global Infrastructure Partners (GIP) and Brookfield Asset Management have made a non-binding bid for Atlantia, while Blackstone is considering teaming up with the Benetton family, which owns 33% of Atlantia, in an effort to take the company private, Bloomberg reported.
A potential sale price has not yet been made public, but Atlantia holds a market value of roughly $18 billion.
The pursuit of Atlantia follows the recent completion of a few significant infrastructure deals by the competing private equity firms.
In January, Blackstone agreed to invest about $3 billion in Invenergy, a private renewable energy company in North America, and acquired a 35% stake in Phoenix Tower International, an operator of cell towers and wireless infrastructure in the Americas and Europe.
Also in January, GIP, alongside Meridiam and the Caisse des Dépôts Group, finalized the acquisition of Suez, a French environmental services company that provides local communities and industrial customers with water, waste and air management.
Featured image by Ilya Lukichev/Getty Images
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