Natixis acted as sole financial advisor to Ardian for the sale of its 25% stake in the Luxembourgish utility Encevo
China Southern Power Grid International (CSGI) has agreed to preemptively acquire a 24.92% stake in Encevo, the Luxembourgish incumbent utility, from Ardian Infrastructure. Encevo operates in different business fields through its two principal subsidiaries Creos, that manages electricity and gas grids in Luxembourg and in Germany, and Enovos, the leading energy supplier in Luxembourg.
The transaction attracted a fierce interest from both infrastructure funds and strategic players, especially from Asia. It further illustrates Natixis’ strong sectorial expertise in infrastructure, with an M&A dedicated team to the sector.
More information in the press release
Ardian is a world-leading private investment house with assets of US$71bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.
Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.
Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 500 employees working from fourteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo). It manages funds on behalf of around 700 clients through five pillars of investment expertise: Funds of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.