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Announced

Rubis Terminal to acquire TEPSA from Petrofrance.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Private

Pending

Private Equity

Acquisition

storage operator

Spain

Majority

Storage Terminals

Single Bidder

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Synopsis

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Rubis Terminal, a joint venture between I Squared Capital, an international infrastructure fund manager, and Rubis, a French listed company specializing in the storage of petroleum products, agreed to acquire TEPSA, a Spain-based leading bulk liquid storage operator, from Petrofrance, which operates four coastal terminals. Financial terms were not disclosed. “This acquisition shows the strength of the partnership between a large industrial group and an independent, global infrastructure investment manager. We are growing the size of Rubis Terminal by a third, while diversifying its activity, and opening up to other very promising markets. This is just the start: we have great ambitions for our French company, Rubis Terminal, to join the world leaders in the sector in the months and years to come," Sadek Wahba, I Squared Capital Chairman and Managing Partner.

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