Antin Infrastructure Partners to acquire Miya from Bridgepoint10 September 2020
Antin Infrastructure Partners announced today that it has signed an agreement to acquire a majority interest in Miya Group, a leading global efficiency-oriented water operator, from Bridgepoint.
Miya is a best-in-class global water platform uniquely positioned to take advantage of growth opportunities in the sector. The company is the largest private water operator in Portugal and a global provider of comprehensive integrated water efficiency solutions to public and private utilities. With more than 700 employees, Miya serves over 600,000 people in Portugal via six long-term concessions and one public private partnership (PPP) and has delivered more than 200 water efficiency projects globally aimed at reducing non-revenue water (water lost during distribution).
Following completion of the acquisition, Antin will work with Miya’s management team, led by CEO Amit Horman, to support growth opportunities in water concessions and PPPs in Europe and North America, as well as the delivery of further water efficiency projects around the world.
Miya’s growth prospects are underpinned by attractive market fundamentals, a greater focus on water efficiency and significant investment needs supported by the private sector.
Mauricio Bolaña, Partner at Antin, said: “Miya is a best-in-class water operator with a solid base that will serve as a springboard to capture the strong growth potential that exists in the sector. We are delighted to support Miya’s management team in the next stage of the company’s development.”
Héctor Pérez, Partner at Bridgepoint, said: “Miya is a unique business with a superb management team. We are extremely pleased to be a part of its journey and to continue supporting its growth ambitions in this new stage together with Antin.”
Amit Horman, Chief Executive Officer at Miya, commented: “We thank Bridgepoint for their significant support. In partnership with Antin, we look forward to delivering on the significant potential we see over the coming years.”
Antin was advised by Deutsche Bank, Herbert Smith Freehills, Sérvulo, McConnell Valdés, PWACS Corporate Finance, PWACS, Defining Future Options, EY and Marsh.
Bridgepoint was advised by Citi, Uría Menéndez, PwC Strategy&, EY, ERM and Willis.
Head of Marketing and Communications, Miya
Tel: + 34 913 940 414
Communication Director, Antin Infrastructure Partners
Tel: +33 (0) 1 70 08 13 17
Partner, External Affairs, Bridgepoint
Tel: +447802 259761
Miya is a world leading operator in water distribution and efficiency projects. The company is present in Iberia, through its subsidiary Miya Portugal, the leading private player in terms of population served by private operators. In Portugal, Miya operates six municipal concessions and has a stake in a municipal water company (PPP), serving more than 600,000 people. The company is also active in water efficiency projects around the world.
About Antin Infrastructure Partners
Antin Infrastructure Partners is a leading independent private equity firm focused on infrastructure investments. Based in Paris, London and New York, and fully owned by its 14 partners, the firm employs over 100 professionals. Antin targets majority stakes in infrastructure businesses in the energy and environment, telecom, transport and social infrastructure sectors. The firm has raised close to €15 billion across four funds and has made investments in 24 companies.
Bridgepoint is an international alternative asset management firm. With over €20 billion of assets under management and over €28 billion of capital raised to date, its private equity funds typically focus on acquiring well managed companies in attractive sectors helping companies and management teams by investing in expansion, operational transformation or via consolidating acquisitions. Bridgepoint has offices in Amsterdam, Frankfurt, Istanbul, London, Luxemburg, Madrid, New York, Paris, San Francisco, Shanghai and Stockholm.