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EUROSTAR INTERNATIONAL LTD / HERMES INVESTMENT MANAGEMENT / CAISSE DE DEPOT ET PLACEMENT DU QUEBEC / UNITED KINGDOM (GOVERNMENT OF) / Minority / Acquisition / Private / £1495m

Financials

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Transaction Value£598m
Consideration TypeCash
Capital Owned-
Capital Bid For40%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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train

eurostar

railway

Railroads

United Kingdom

Private

Acquisition

Minority

Completed

Friendly

Private Equity

Synopsis

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Caisse de Depot et Placement du Quebec Canadian manager of public pension and insurance plan funds and Hermes Investment Management UK asset management through Patina Rail LLP has agreed to acquire 40% stake in Eurostar International from United Kingdomgovernment, The consideration is Stg585.1m ($900.78m).The deal is subject to regulatory approval. On completion Caisse de Depot et Placement du Quebe and Hermes Investment Management will own 30% and 10% respectively. The deal has completed.

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