At what enterprise value was MIYA WATER acquired in 2020?

During the acquisition of MIYA WATER by ANTIN INFRASTRUCTURE in 2020, the transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR.

What was the EV/EBITDA of MIYA WATER when it was acquired by ANTIN INFRASTRUCTURE?

The estimated EV/EBITDA multiple for MIYA WATER is in the range of 10x - 18x.

When was MIYA WATER acquired by ANTIN INFRASTRUCTURE?

MIYA WATER was acquired by ANTIN INFRASTRUCTURE in 2020.

What was the EBITDA of MIYA WATER during the acquisition?

MIYA WATER's EBITDA is estimated to be in the range of 25M - 50M EUR.

How is the data for the MIYA WATER acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the MIYA WATER deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.antin-ip.com/media/our-news/antin-infrastructure-partners-acquire-miya-bridgepoint

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Home DatabaseMIYA WATER

09/2020

ANTIN INFRASTRUCTURE takes majority stake in MIYA WATER

SPAIN Utilities (Regulated Infrastructure) / Water EV 500M - 1.5b EUR

Context

Antin Infrastructure Partners signed an agreement in September 2020 to acquire a majority interest in Miya Group from Bridgepoint, giving the water efficiency company an enterprise value of , an EV/EBITDA multiple of on an EBITDA of . Bridgepoint had owned Miya since January 2019, when it bought the business from Israel-based Arison Investments through its Bridgepoint Europe VI fund, and it appointed Citi in June 2020 to run the sale, which drew offers from EQT, IFM, KKR and BlackRock. At the time of the deal, Miya employed more than 700 people, served over 600,000 residents in Portugal through six long-term concessions and one public-private partnership, and had delivered more than 200 water efficiency projects worldwide. Chief executive Amit Horman and his management team stayed to lead the company, with Antin backing growth in water concessions and public-private partnerships in Europe and North America alongside further efficiency projects elsewhere. Deutsche Bank advised Antin, with Herbert Smith Freehills, Sérvulo and McConnell Valdés on legal matters and EY, PWACS Corporate Finance and Marsh on due diligence and insurance. Bridgepoint was advised by Citi, with Uría Menéndez as legal counsel and PwC Strategy&, EY, ERM and Willis on commercial, financial, environmental and insurance due diligence.

It is worth noting that the fund Bridgepoint took control of Miya Water through an LBO in 2019.

Target

Created in 2007, Miya Water helps water utilities reduce the volume of water lost between production and the consumer, known as non-revenue water, which disappears through leaks in the network, unauthorised use or faulty metering. It surveys networks to locate leaks, repairs and renews pipework, manages pressure, installs and manages meters, and puts in place the monitoring systems that keep losses down over time. In Portugal, it also operates water supply and wastewater concessions on behalf of municipalities, running the service directly for residents. Its customers are public and private water utilities, and it has worked on projects in Europe, the Middle East, the Americas, Africa and Asia-Pacific.

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2019

Other operations with MIYA WATER

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
10/2026	EURAZEO	MIYA WATER	SPAIN	Water
01/2019	BRIDGEPOINT	MIYA WATER	SPAIN	Water

REFERENCES

Valuation range: EV 500M - 1.5b EUR

EBITDA range: 25M - 50M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of MIYA WATER by ANTIN INFRASTRUCTURE are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: miya water

Acquirer: antin infrastructure