Information on the Target

Miya Group is a leading global operator focused on enhancing water efficiency, renowned for its best-in-class water management solutions. The company stands out as the largest private water operator in Portugal, delivering comprehensive integrated water efficiency services to both public and private utilities. With a workforce of over 700 employees, Miya serves more than 600,000 residents through six long-term concessions and a public-private partnership (PPP). The company has successfully completed over 200 global water efficiency projects aimed at minimizing non-revenue water losses during distribution.

Miya Group's strategic positioning allows it to capitalize on growth opportunities in the water sector, particularly with increasing demand for sustainable water management solutions. The company’s robust portfolio of services equips it to tackle significant challenges in water distribution and efficiency, positioning it as a critical player in the global water market.

Industry Overview in Portugal

The water management industry in Portugal is experiencing notable transformation due to a rising focus on efficiency and sustainability. The country is increasingly recognizing the importance of maintaining reliable water infrastructure, as well as the need to reduce water losses that adversely affect both consumers and the environment. With various public and private entities emphasizing conservation and improvements in service delivery, the sector is ripe for investment.

Additionally, Portugal's regulatory environment encourages private sector involvement in water services, making public-private partnerships a preferred model for infrastructure development. The integration of innovative technologies and practices not only enhances operational efficiency but also meets growing consumer expectations for reliable water supply and service quality.

As global water demands rise, the Portuguese water industry is well-positioned to benefit from increased investment in infrastructure. With the government and various stakeholders prioritizing sustainability, there are ample opportunities for companies like Miya to expand their footprint through new projects, enhancing overall resource management across the nation.

The focus on addressing challenges such as climate change and urbanization further strengthens the case for significant investment in the water sector. With growing awareness and initiatives aimed at sustainability, the industry is on the cusp of substantial development, making it an attractive field for both domestic and international investors.

The Rationale Behind the Deal

The acquisition of a majority interest in Miya Group by Antin Infrastructure Partners is driven by strong market fundamentals and the potential for future growth. The water efficiency sector is under increasing pressure to improve resource management practices, prompting a greater emphasis on infrastructure investment to reduce wastage and enhance delivery efficiency. Antin’s involvement is poised to facilitate Miya's pursuit of ambitious growth strategies across Europe and North America, focusing on water concessions and new PPP opportunities.

Moreover, Antin's track record and expertise in infrastructure investments are expected to provide valuable resources and strategic direction for Miya, aligning with Antin's commitment to sustainability and efficiency-driven projects. The deal represents a mutually beneficial opportunity that positions both parties for success in a rapidly evolving industry.

Information About the Investor

Antin Infrastructure Partners is a prominent independent private equity firm specializing in infrastructure investments, with its offices in Paris, London, and New York. Employing over 100 professionals, Antin focuses on targeting majority stakes across various sectors, including energy, environment, telecom, transport, and social infrastructure. The firm has successfully raised nearly €15 billion over four funds, establishing investments in 24 companies, demonstrating its commitment to value creation and sustainable infrastructure development.

Antin's strategic investments are characterized by a thorough analysis of market trends and growth opportunities, ensuring that its portfolio companies, like Miya Group, receive the necessary support to thrive in competitive landscapes. The firm's experience and resources place it in an ideal position to drive Miya towards greater operational efficiency and market expansion.

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The acquisition of Miya Group by Antin Infrastructure Partners appears to be a strategic move aligning with the pressing needs of the water management industry. Given the growing demand for effective water efficiency solutions, this investment is well-timed. Miya’s established position in the market combined with Antin’s substantial backing has the potential to significantly elevate both entities' standings within the sector.

This partnership promises to leverage Miya's operational excellence and Antin's financial and strategic resources, thus enhancing prospects for growth in the water concession and efficiency project space. The anticipated collaboration between Antin and Miya's management team could foster innovations that further address current and future water management challenges.

Considering the vital nature of water resources and the increasing global focus on sustainability, this acquisition reinforces the notion that investments in water management are not only prudent but essential for long-term viability. Hence, it is likely that this deal will yield substantial returns, making it a good investment for Antin in the long run.

In conclusion, the acquisition signals a positive direction for both Miya and Antin, reflecting a commitment to improving infrastructural capabilities in a sector that is poised for growth. By tapping into the burgeoning market for water efficiency solutions, this deal holds the promise of contributing meaningfully to a sustainable future.

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