ANTIN INFRASTRUCTURE takes majority stake in IDEX

Antin Infrastructure Partners has entered into an agreement to acquire Idex, a French operator specializing in urban energy infrastructure and associated services. This transaction marks a significant milestone in the consolidation of France's energy infrastructure sector, driven by public policies focused on energy transition and the development of district heating networks as a viable alternative to traditional heating solutions. Although these infrastructure networks currently only cover a limited portion of national needs, they have substantial growth potential, supported by decarbonization objectives. As an existing player in essential infrastructure across Europe, Antin Infrastructure Partners aims to support Idex in its next phase of expansion, accelerating the development of district heating and cooling networks, strengthening the group's European presence, and pursuing the modernization of existing assets. The goal is also to drive growth in waste energy recovery activities and optimize operational efficiency across facilities. Under the guidance of its new shareholder, Idex is expected to pursue a growth strategy combining organic development, concession extensions, and targeted acquisitions, with a particular focus on France and key European markets such as Germany and Belgium. This transaction is part of a long-term dynamic driven by the energy transition and the growing demand for decentralized and low-carbon infrastructure. It also marks a new stage in Idex's structuring, solidifying its position as a central player in urban energy services in France.

Idex had already undergone several LBOs in the past, notably in 2004 with Ik Partners and in 2011 with Cube Infrastructure. These multiple LBO cycles illustrate the strong appeal for this type of asset.