Arjun Infrastructure Partners to acquire Indigo Pipelines Limited
Financial terms have not been disclosed for the deal.
Indigo is the third largest independent gas transportation network in the UK owning approximately 180,000 gas connections. The company was established in 1992 by SSE plc as SSE Pipelines. In September 2014, Indigo was acquired by the Environmental Capital Fund L.P, an infrastructure fund managed by SEP. Under SEP’s ownership Indigo has continued to rapidly grow its network of connections throughout the UK.
Commenting on the transaction, Gary Le Sueur, a partner at SEP said: “Over the course of the last few years, we have developed Indigo into a high quality and successful business. It is now one of the fastest growing companies in its sector with an impressive track record. The proposed transaction will provide a significant return to our investors. We believe that AIP will be an excellent owner of the business and that Indigo will continue to perform strongly in the future.”
Surinder Toor, founding partner of AIP said: “Indigo is a modern, high-quality, gas pipelines network in the UK with long-term, regulated cash flows and significant grSubject to the satisfaction of certain conditions, the transaction is expected to complete by the end of February 2019.owth potential. It represents an exciting investment opportunity for our investors.”
Subject to the satisfaction of certain conditions, the transaction is expected to complete by the end of February 2019.
Published: 05 November 2018