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Announced

Partners Group to acquire a 49% stake in Telepass from Atlantia for $1.2bn.

Financials

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Transaction Value£958m
Consideration TypeCash
Capital Owned-
Capital Bid For49%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Single Bidder

toll payment

Private Equity

Italy

Minority

Cross Border

payment solutions

IT Services: Other

Private

Pending

Friendly

Synopsis

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Partners Group, a private equity firm, agreed to acquire a 49% stake in Telepass, a toll payment services provider, from Atlantia, an Italian infrastructure group for $1.2bn. "We welcome Partners Group to the Telepass team. The firm's excellent operational capabilities and history of supporting companies to grow their geographical footprint, expand service areas, and advance technologically will help us to build on our strong presence throughout Europe and drive our inorganic growth strategy. This acquisition is happening at a key point in Telepass' growth and we look forward to benefiting from the size and strength of Partners Group's platform, as well as the team's responsible ownership approach," Gabriele Benedetto, Telepass CEO.

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