EQT Infrastructure sells Koole Terminals
- EQT Infrastructure to sell Koole Terminals, a leading independent liquid bulk storage operator headquartered in the Netherlands, to institutional investors advised by J.P. Morgan Asset Management - Global Real Assets
- During EQT Infrastructure’s ownership Koole Terminals has built a leading independent storage platform in Northwest-Europe and expanded its product portfolio as a result of significant investments into new storage capacity, infrastructure, and various add-on acquisitions
- Since the initial acquisition by EQT Infrastructure in February 2011, Koole Terminals storage capacity has more than tripled to 2 million cubic meter
EQT Infrastructure Limited (”EQT Infrastructure”) has reached an agreement in principle to sell Koole Terminals (“Koole Terminals” or the “Company”) to institutional investors advised by J.P. Morgan Asset Management – Global Real Assets. The agreement is subject to the positive advice of the Company’s works council.
EQT Infrastructure acquired Koole Tanktransport in February 2011, followed by the acquisition of NOVA Terminals in October 2011. The integration of both companies formed Koole Terminals, a leading, independent liquid bulk storage provider operating a portfolio of eight terminals in North-West Europe. The Company operates around 2 million cubic meter with ~85% of storage capacity being located in Rotterdam, the key trade flow hub in Europe. Service offering comprises best-in-class storage services and a wide range of value-added handling and transshipment services tailored to needs of customers and supported by its own shipping fleet. Koole Terminals handles a diversified product portfolio of mineral oils, vegetable oils, chemicals, oleo-chemicals, biofuels and other liquid bulk. During EQT Infrastructure’s ownership the storage capacity of Koole Terminals has tripled through organic capacity expansion and add-on acquisitions.
EQT Infrastructure has been advised by Morgan Stanley.
Contacts:
Andreas Huber, Partner at EQT Partners, Investment Advisor to EQT Infrastructure, +49 89 2554 9939
Kerstin Danasten, EQT Press contact, +46 8 506 553 34
About EQT
EQT is a leading private equity group in Europe with approximately EUR 29 billion in raised capital. EQT has portfolio companies in Europe, Asia and the US with total sales of more than EUR 17 billion and approximately 140,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.
EQT Infrastructure is a EUR 1.2 billion fund investing in medium-sized infrastructure businesses in the Nordic region, parts of Continental Europe, and North America. Investment targets are regulated infrastructure, concession-based infrastructure, market-based infrastructure and infrastructure-related services.
For further information, please visit www.eqt.se
About Koole Terminals
Koole Terminals is a leading independent storage company in North-West Europe headquartered in Zaandam, Netherlands. The Company operates eight tank storage terminals and an own fleet of twelve barges and three coasters. Koole Terminals has a total storage capacity of over 2,000,000 cubic meters handling a wide range of liquid bulk products including vegetable oils, mineral oil products, waxes, (oleo-) chemicals, and other liquid products which are being stored and handled in Rotterdam, Zaandam, Amsterdam, Nijmegen, United Kingdom and Poland.
For further information, please visit www.koole.com
About J.P. Morgan Asset Management – Global Real Assets
J.P. Morgan Asset Management – Global Real Assets has more than $87 billion in assets under management and more than 400 professionals in the U.S., Europe and Asia Pacific, as of September 30, 2015. With a 45-year history of successful investing, J.P. Morgan Asset Management – Global Real Assets’ broad capabilities provide many of the world’s most sophisticated investors with a global platform of real estate, infrastructure and transportation strategies driven by local investment talent with disciplined investment processes consistently implemented across asset types and regions. The Global Real Assets team is part of J.P. Morgan Asset Management's Alternatives Investments business, which collectively manages over $120 billion in client assets across real assets, hedge funds, credit and private equity.
For more information: www.jpmorgan.com/institutional/global_real_assets
EQT Infrastructure is part of the leading private equity group EQT (being existing EQT funds or any successor funds advised directly or indirectly by EQT Partners or its subsidiaries, collectively “EQT”).
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