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Transaction Announcement: Intertoll Europe Acquired by Lancaster Group

PRESS RELEASE - updated: Sep 16, 2020 09:00 EDT

Hampstead Advisory has acted as Joint Financial Advisor to Lancaster Group, an investment holding company based in South Africa, on the acquisition of Intertoll Europe from Group Five

- updated: Sep 16, 2020 09:00 EDT


?The Transaction

Hampstead Advisory is pleased to announce the acquisition of Intertoll Europe, a portfolio company of Group Five, by a Lancaster Group ("Lancaster") led consortium (together with NuOrion Partners & Management). Hampstead Advisory acted as Joint Financial Advisor (together with Cantor Fitzgerald Europe) to Lancaster on this transaction.

Total deal value of €109m, with a financing package consisting of senior and mezzanine debt, underwritten by KommunalKredit Austria, who acted as Sole Mandated Lead Arranger, Bookrunner & Underwriter.

About Intertoll Europe

Intertoll Europe is a leading investor and operator of motorway concessions with diversified operations in Poland, Hungary, UK and Turkey.

The Group's headquarters are located in Budapest.

· Key projects include:

Hungary

o Phase 1 and 3 of the M6 Motorway PPP project

o Phase 1, 2 and 3 of the M5 Motorway PPP project

o Motorway and tunnel management equipment supply for the M6

o Phase 3 Project


Poland

o Phase 1 and 2 of the A1 Gdansk to Torun Motorway

o Operation and maintenance of the S8 Expressway

o Operations and maintenance of the A1 Phase 3, A2 & A4


Turkey

o Canakkale Bridge PPP operations and maintenance and toll collection for largest suspension bridge in Europe

o Ankara - Nidge PPP technical services contract and advisory


United Kingdom

· Operation and maintenance of the DBFO1 Westlink Motorway in Northern Ireland

About Lancaster Group

· Lancaster is a leading South African investment holding company with investments across the retail, renewable energy, infrastructure and EPC sectors

· The acquisition of Intertoll Europe is Lancaster's debut acquisition in Europe and forms part of its strategy to invest in infrastructure and related assets

About Hampstead Advisory

Found by Christopher Niehaus?  in 2017, Hampstead Advisory is a boutique corporate advisory firm uniquely positioned in acting as a nexus for clients between Europe, the UK and South Africa. Located in London and Johannesburg, the firm specialises in M&A advisory services and capital raising. 

The complexity of the Intertoll transaction, involving multiple jurisdictions, in the midst of the challenges presented by the Covid-19 pandemic, demonstrated Hampstead Advisory's ability to provide bespoke solutions to its clients.

The Intertoll transaction also highlighted the firm's expertise in the Infrastructure and Industrial sectors.

Hampstead Advisory acted as Joint Financial Advisor to Lancaster Group on this transaction. The transaction was led and executed by Chris Niehaus, Co-Founder of Hampstead Advisory.

For more information please contact Chris Niehaus at +44 7841 044216 or chris.niehaus@hampstead.uk.com

Source: Hampstead Advisory


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