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New Deal


Announced

Osaka Gas and JOIN to invest $120m in Atlantic, Gulf & Pacific.

Financials

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Transaction Value£90m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Pending

Single Bidder

Gas Distribution

gas distribution

Singapore

Minority

Acquisition

Cross Border

Private

Friendly

Synopsis

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Osaka Gas, a Japanese gas company, and JOIN, an investment company, agreed to invest $120m in Atlantic, Gulf & Pacific, a Singapore-based company that is developing twelve city gas distribution networks, or concessions, in India under the brand name AG&P Pratham. "As an existing investor in AG&P’s parent, Osaka Gas has continued to demonstrate its support for AG&P’s downstream LNG and natural gas business. We are honored to welcome JOIN. The stability and strength of JOIN and the technical and commercial expertise of Osaka Gas and its long history in city gas will accelerate the smart deployment of our network across our concessions in India," Joseph Sigelman, AG&P Chairman and CEO.

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