Ardian sells 10% stake in CLH to CVC
Transactions - APRIL 3, 2017

Ardian sells 10% stake in CLH to CVC

by Jody Barhanovich

Ardian has reached an agreement with CVC Capital Partners to sell a 10 percent stake in CLH, a leading Spanish oil transport and storage company.

Ardian had held a 15 percent stake in the company following its initial investment in CLH in 2011, before investing further to become CLH’s principal shareholder, with a 25 percent shareholding, in 2015. Ardian will maintain its 15 percent stake in the company, confirming its commitment to CLH since 2011.

In the past decade, Ardian Infrastructure has established a strong presence in the European energy and transport infrastructure sector. In Spain, it has invested nearly €1 billion ($1.06 billion) since 2010 in companies such as Trados 45, Túnels Barcelona Cadí and CLH. Ardian also is partners with major Spanish industrial groups including Aena, Abertis and Solarpack.

Ardian currently manages funds covering the full range of asset classes, including Ardian Funds of Funds, which focuses on primary, early secondary and secondary assets; Ardian Private Debt; Ardian Real Estate; and Ardian Infrastructure.

Ardian Infrastructure Fund IV, part of the firm’s Ardian Infrastructure fund series, raised €2.65 billion ($2.82 billion) in 2016. Following the previous funds in the series, Ardian Infrastructure Fund IV targets infrastructure assets across Europe, working alongside major industrial partners. Approximately €1 billion ($1.06 billion) of the new fund’s capital was committed in 2015.

Ardian currently has $60 billion in assets under management, mainly in Europe, North America and Asia.

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