Antin Infrastructure Partners, an independent private equity firm focused on infrastructure investments, has entered into exclusive negotiations to acquire Idex, an independent energy infrastructure and energy services company in France, from Cube Infrastructure Managers, an independent fund manager based in Luxembourg.
Founded in 1963 and headquartered near Paris, Idex is an integrated operator of energy infrastructure assets, operating 41 district heating and cooling networks (including the Paris La Défense network), 13 energy-from-waste facilities and a large portfolio of energy services contracts for a wide variety of counterparties. Following the completion of the acquisition, Antin will work with Idex’s management team, led by CEO Thierry Franck de Préaumont, to support the growth opportunities in its three key markets. These include the continuation of the company’s growth strategy within the French district heating and cooling market, the waste valorization sector, as well as the acceleration of organic and inorganic growth within the broader energy services space. Idex’s growth prospects are underpinned by solid long-term market fundamentals, namely energy transition and decarburization.
In additional news this month, Antin entered into a definitive agreement to acquire Ufinet Group’s Spanish business from private equity firm Cinven. Ufinet Spain is a leading independent wholesale fiber platform with a unique nationwide long-haul network, high capillarity in metro areas, and fast-growing dark fiber, lit fiber and fiber to the home (FTTH) businesses.