May 22 (Renewables Now) - Private equity firm Antin Infrastructure Partners is holding exclusive talks to buy Idex, a French energy infrastructure and services firm that operates energy-from-waste facilities.
Antin said in a statement today that it has entered into exclusive negotiations on the potential transaction with Idex’s current owner -- European infrastructure fund Cube Infrastructure Managers. The proposed deal is subject to the completion of works councils’ information processes and regulatory approvals.
With headquarters near Paris, Idex operates 41 district heating and cooling networks, 13 energy-from-waste plants and a portfolio of energy services contracts for various counterparties. Its headcount includes close to 4,000 people and its revenues reached EUR 860 million (USD 1bn) last year.
Antin noted that it plans to help Idex grow within the French district heating and cooling market, as well as in the waste valorisation sector, and to step up organic and inorganic growth within the broader energy services space.
(EUR 1.0 = USD 1.181)