Saur a leading French water services management company, participated by EQT Partners, that provides water infrastructure management services for municipalities, has announced on the 13th of June 2019 the 100% acquisition by its Spanish subsidiary Gestagua of Naunet in Colombia.
Naunet is active in the production and supply of drinking water and the provision of wastewater treatment services for midsize towns in three departments on the Atlantic coast of Colombia, delivered through five concession companies. Established in 2013, Naunet already serves around 400,000 customers and the average residual duration of the concession contracts held is 17 years.
Through this acquisition, SAUR is building a development platform for Colombia, whose stable regulatory framework, dynamic growth and significant water infrastructure investment needs offer the Group an attractive new market opportunity.
This acquisition is the first transaction that Atlantico, through the MAP Alliance, jointly executes with CASE Corporate Finance in Europe, a network of three investment banking boutiques: CASE Corporate Finance France, CASE Corporate Finance Germany and Cassiopeia in Italy. Atlantico, with the members of the MAP alliance, Metis Advisors in Brazil and Providence Capital in Chile have been working in analyzing opportunities with CASE Corporate Finance in Europe to maximize their cross border capabilities between Europe and the Americas.
Atlantico together with CASE Corporate Finance France acted as financial advisor to SAUR.