Partners Group to acquire significant equity stake in Telepass. The advisors
Partners Group has agreed to acquire a 49% stake Telepass, an Italian electronic toll collection company, from Atlantia, for a consideration of EUR 1.056bn. Post-acquisition, Partners Group and Atlantia have plans to accelerate Telepass’s business’s growth trajectory, build scale across Europe and establish a pan-European platform for customer-focused transport services.
The investors also intend to support the company in its further penetration and consolidation across the European ETC market through organic and acquisitive growth. The transaction is subject to usual authorizations and conditions precedent for this type of transaction and is expected to complete in the first half of 2021.