IFLR1000

Cheung Kong Property Holdings and CK Infrastructure Holdings €4.5 billion acquisition of Ista

27/7/2017
Private acquisition
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€ 4.5 billion

$ 5.32 billion

Announced

27/7/2017

Overview:

  • Cheung Kong Property Holdings and CK Infrastructure Holdings have acquired Ista for €4.5 billion.
  • Cheung Kong Property  and CK Infrastructure will own 65% and 35% of the acquired company.
  • Ista is a smart meter business operating in Germany, Denmark, the Netherlands, France, Italy and Spain owned by CVC Capital.  
  • CVC has acquired a majority stake of the company in 2013.
  • A consortium of 14 banks provided financing for the deal. 

Katrin Kostadinova - Data analyst

Jurisdictions:

China
Germany

Deal type:

Private acquisition

Practice areas:

Private equity
M&A

Governing law:

Germany

Industry sectors:

Energy
Technology and telecommunications

Firms:

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