The transaction completes Vauban's search for its maiden US asset, which began in 2018 when it assessed the acquisition of Vicinity Energy, the largest district energy platform in the country, then owned by Veolia, before it was sold in 2019 to Vauban's compatriot Antin Infrastructure Partners for $1.25 billion. Currently: Executive Chair at Cortex; Board Member at Vicinity Energy and LineVision; Senior Advisor at Antin Infrastructure Partners, Leap, and the World Resources Institute; and Trustee at . Vicinity Energy is Now the Largest Provider of District Energy Solutions in North America Vicinity Press Release Summary Antin Infrastructure Partners has, today, finalized its purchase of Veolia North America's district energy assets in the United States. The other two are renewable energy developer Origis Energy and Vicinity Energy, the largest . Antin Infrastructure Partners, an infrastructure private equity firm, recently filed its registration documents for the initial public offering (IPO) of Antin Group on France's Euronext Paris stock exchange, which could value the business at up to €4.1bn ($4.8bn). The portfolio consists of steam, hot and chilled water and electricity production plants, including cogeneration, and 13 networks in 10 U.S. cities. With 19 district energy networks nationwide, we have the industry's deepest experience with building, operating and maintaining state-of-the-art district energy infrastructure. The $1.25 billion sale of Veolia's district energy group to a private equity firm, Antin Infrastructure Partners, created an independent leader in a highly competitive market. Initially sponsored by BNP Paribas, the firm bought out the bank's 40% stake in 2012.Led by former banker Alain Rauscher, Antin manages four funds for infrastructure investment in Europe and North America, each . Contact Vicinity Energy today to learn more about how we can help you achieve your energy and sustainability goals. Our relationship starts with a confidential consultation, contact us to schedule a time with one of our executive search consultants. We produce and distribute steam, hot water and chilled water directly through our vast network of underground pipes to provide heating, cooling, humidification, sterilization and other services to our customers. Antin Infrastructure Partners is notably the owner since 2018 of Idex, which operates around 40 heating and cooling networks in France. Guillaume joined Antin in 2008 and is located in the New York office. -. To realize the benefits of its new status and sole focus on providing best-in . Vicinity Energy is an alternative, owning and operating some of the most efficient large generators within their respective energy grids and, through . Specific areas of interest include transportation (toll roads, airports, ports, car parks), energy/environment (gas storage, LNG terminals, energy transmission, distribution, water infrastructure, waste management), and telecom (GSM towers, ADSL networks, broadcast . Energy & Environment. Vicinity Energy aims to convert Boston's steam network to run on clean electricity, showing how some cities can move toward climate-friendly heating and cooling of buildings. Antin targets investments in the energy and . Vice President of Operations, Veolia Energy North America. By. The firm's four sub-sectors of infrastructure investment focus, for its funds are i) energy & environment, ii) telecom (i.e . with the financial backing of antin, vicinity is poised for growth while continuing to deliver upon its commitment to customers: to safely meet their mission-critical energy needs by providing cutting-edge technical expertise, dedicated personal service, infrastructure and investments so they're able to focus resources and capital on achieving … He joined Antin in 2017 and jointly leads Antin's North American efforts. On December 30, 2019, Antin Infrastructure Partners finalized its purchase of Veolia North America's district energy assets in the United States. In late 2019, Antin Infrastructure Partners finalized its acquisition of Veolia's U.S. district energy assets and renamed as Vicinity Energy . Andasol 1&2 (realised) Antin Solar Investments (realised) IDEX. In addition to its long-standing experience in the development and operation of central utility plants and CHP systems, Vicinity is financially backed by Antin Infrastructure Partners, a global infrastructure fund - offering our customers both energy expertise and capital solutions to meet their specific energy challenges. "Our two newest solar power plants in Hamilton and Columbia counties are expected to eliminate approximately 600 million pounds of carbon dioxide emissions in Florida each year upon commercial operation. We focus solely on investing in infrastructure with the objective of generating attractive risk-adjusted returns for investors through a combination of capital appreciation and cash yield. Chief Executive for the Energy Business Line reporting directly to the Veolia Energy CEO . . Contacts. Kellas Midstream (realised) Miya. DiCroce, who headed Veolia's North American operations, including water and wastewater assets, moved over to the new company, which is . The significantly oversubscribed fund makes it one of the largest funds to hold a final closing during the Covid-19 The Philadelphia system was the largest of 13 systems that Antin bought. Antin Infrastructure Partners has, today, finalized its purchase of Veolia North America's district energy assets in the United States. The company, headquartered in Boston, has adopted Vicinity Energy as its brand. The amount raised for Fund IV at close exceeded the fund's original €5.5bn target and follows a €3.6bn fundraise in December 2016 for the predecessor fund.. Antin said Fund IV is backed by a diverse group of more than 140 investors from around the . Now officially named Vicinity Energy, the district energy business is comprised of steam, hot and chilled water and electricity production plants, including cogeneration, across 13 networks in 10 . As well as being the third investment from Antin Infrastructure Partners Mid Cap I, which closed in June last year on €2.2 billion, LSRC is Antin's fourth deal in the US overall, which began with the investment in FirstLight Fiber in February 2018. Vicinity Energy. Duke Energy Florida recently announced the launch of two new solar power plants. Jordan Stutts. Vicinity Energy is the largest district energy portfolio in the United States comprising of 13 district energy systems serving ten major cities, primarily in core downtown areas. In total, Antin Infrastructure Partners has invested in 4 US states and 10 different countries. The Firm's most common exit type is secondary buyout (56%). Hamza joined Antin in 2011 and is located in the New York office. The transaction is subject to . Antin Infrastructure Partners is pleased to announce the acquisition of the largest district energy business in the US from Veolia Environnement.… Shared by Cassidy T. Smith, CPA On December 30, 2019, Antin Infrastructure Partners finalized its purchase of Veolia North America's district energy assets in the United States. -. In the last 3 years, Antin Infrastructure Partners has exited 6 companies. The Kendall Cogeneration Station is a power station owned by Vicinity Energy that produces both steam and power for the cities of Boston and Cambridge. Orrick has advised France-based Veolia on the $1.25 billion sale of its U.S. district energy assets to private equity firm Antin Infrastructure Partners. The new firm now has 450 employees. Challenge Here is a short list of the Client companies we have worked with. 2 August 2019. Headquartered in Bolton, Vicinity Energy has over 400MW of combined heat and power production to provide energy and related services to in excess of 200 million square feet of building space. Antin Infrastructure Partners has, today, finalized its purchase of Veolia North America's district energy assets in the United States. BOSTON, Massachusetts - Antin Infrastructure Partners, a global infrastructure fund, recently announced the creation of a new brand, Vicinity Energy, following its purchase of Veolia North America's district energy assets in the United States. FINDINGS . . The portfolio comprises steam, hot and chilled water and electricity production plants, including cogeneration, and 13 networks in 10 US cities. Antin's European district heating experience includes France's Idex, which the firm backed in 2018. Antin looks for assets with low technology risk and limited operating risk. Vicinity Energy tackles global energy problems on a local level, with local resources. The new owner, Antin Infrastructure Partners, operates 41 district heating and cooling networks (including the Paris La Defense network), 13 energy-from-waste facilities, and provides contracted energy services in France. This steam plant in downtown Boston could become the hub of an all-electric district energy system. DiCroce had been leading. Denise Burke and Lester Perling join McDermott Healthcare Practice Group. Vicinity Energy Inc. (Vicinity Energy Inc., Antin Infrastructure Partners, Bond Building Construction, Inc.) Vicinity Energy is North America's largest provider of district energy solutions. He previously held board seats at Fund III portfolio companies Kisimul and Hesley and Fund I portfolio companies Westerleigh and Andasol. Initially sponsored by BNP Paribas, the firm bought out the bank's 40% stake in 2012.Led by former banker Alain Rauscher, Antin manages four funds for infrastructure investment in Europe and North America, each . Norton Rose Fulbright represented Origis Energy. Owned by GenOn Energy in 2012, in 2013 Veolia Energy North America purchased the plant from NRG Energy. Now officially named Vicinity Energy, the district energy business is comprised of steam, hot and chilled water and. Veolia Group Media Relations Antin Infrastructure Partners has raised €6.5bn for its fourth infrastructure fund, marking the manager's largest capital raise to date. Pisto (realised) Origis Energy. The newly launched Vicinity Energy is comprised of central energy plants and associated distribution networks that supply steam or hot water, chilled water and electricity, across 13 networks in 10. He previously worked at Morgan Stanley, where he was a Managing Director and the Group Head of Power & Utilities EMEA in the Investment Banking department. Kevin is a board member of Fund III portfolio company FirstLight Fiber and Fund IV portfolio company Vicinity Energy. It is the largest district energy provider in North America. Antin Infrastructure Partners, one of the world's leading infrastructure investment firms, announced today that it has successfully closed its fourth fund and largest to date, raising €6.5 billion ($7.6 billion) to invest in infrastructure opportunities. Antin opened a North American office in New York in 2018 and acquired FirstLight Fiber, a fiber-optic network provider . Antin Infrastructure Partners is a private equity firm focused on infrastructure investment, with offices in Paris, London and Luxembourg.. History. The company provides steam, hot and chilled water to a diversified group of c. 1,000 customers through long-term contracts. Idex operates 41 district heating and cooling networks including the Paris La Défense network, 13 energy-from-waste facilities and a large portfolio of energy services contracts. July 31, 2019 - Antin Infrastructure Partners ("Antin"), a leading independent private equity firm focused on infrastructure investments, and Veolia Environnement ("Veolia"), announced today that they have signed an agreement whereby Antin will acquire Veolia's US district energy business ("the Company"), for an enterprise value of $1.25 billion. Vicinity Energy Inc. (Vicinity Energy Inc., Antin Infrastructure Partners, Bond Building Construction, Inc.) The University of Maryland is pleased to be one step closer to identifying a private sector partner for the NextGen Energy Program and looks forward to beginning the next phase of this important effort to renew and modernize UMD's . It currently owns and operates a portfolio of 19 energy systems across 12 U.S. cities. We help organizations of all sizes use and manage energy more efficiently, sustainably and strategically. He is a board member of Fund III portfolio company FirstLight Fiber and Fund IV portfolio companies Vicinity Energy and Origis Energy. D-1964-074-3 Vicinity Energy SWWD and Consumptive Use for 4 Electric Generating and Cogenerating DOCKET HOLDER DOCKET NUMBER APPROVAL DATE Philadelphia Energy . Our 450+ skilled engineers, operators and energy experts have a singular dedication to our customers' success and a relentless focus on delivering reliable and efficient energy products and. | Vicinity Energy tackles global energy problems on a local level, with local resources. district energy' networks can help decarbonize cities. Now officially named Vicinity Energy, the district energy business is comprised of . It is within this framework that the Group, through its subsidiary Veolia Energy North America Holdings, Inc, has sold to Antin Infrastructure Partners, on July 31st 2019, its district energy assets: steam, hot and chilled water and electricity production plants, including cogeneration, and 13 networks in 10 US cities. July.31.2019. Antin Infrastructure Partners has created a new brand called Vicinity Energy, a district energy provider. Antin was founded in Paris in 2007. Antin Infrastructure Partners (Ticker: ANTIN - ISIN: FR0014005AL0), one of the […] Europe Legal . French utility conglomerate Veolia spun off its district energy business last year by selling it to Antin Infrastructure Partners, also based France, for $1.25 billion. 1 March 2022. Antin Infrastructure Partners is proud to have won Digital Infrastructure Investor of the Year for Europe. Antin Infrastructure Partners creates new Vicinity Energy. The newly launched Vicinity Energy is comprised of central energy plants and associated distribution networks that supply steam or hot water, chilled water, and electricity across 13 networks in 10 major cities. (Vicinity . Select Past Client Companies. From . Treasury Manager at Vicinity Energy Boston, Massachusetts, United States 241 . As an energy solutions partner, we understand the important role energy plays in our customer's success and work 24/7 to provide exceptional customer service. He is a board member of Fund IV portfolio company Vicinity Energy. Vicinity Energy | 2,961 followers on LinkedIn. Veolia Group Media Relations It is within this framework that Veolia, through its subsidiary Veolia Energy North America Holdings, Inc, has sold today its district energy assets in the United States to Antin Infrastructure Partners. Now officially named Vicinity Energy, the Vicinity Energy professionals have the unmatched expertise, honed over 50 years of building and managing North America's largest energy districts, to . Antin Infrastructure Partners is notably the owner since 2018 of Idex, which operates around 40 heating and cooling networks in France. Antin Infrastructure Partners has agreed to its second deal in the US with the $1.25 billion acquisition of a district energy business owned by Veolia Environnement. Sale of Roadchef, the UK's third largest motorway service area operator, during the first quarter, contributing to our fund performance. Antin Infrastructure Partners is an infrastructure investment firm focused on opportunities throughout the Europe. Now officially named Vicinity Energy, the district energy business is comprised of steam, hot and chilled water and electricity production plants, including cogeneration, across 13 networks in 10 major cities. D-2010-040-2 (Vicinity Energy Inc. -Industrial Wastewater Discharge) 4 B. 2013 - 20152 years. Since Vicinity Energy was created in January, "there's an even deeper focus on what we can do for efficiency projects as well as capital expenditures and growing the infrastructure," Loew said. Antin was founded in Paris in 2007. With 18 networks in 11 major cities, Vicinity Energy is North America's largest provider of district energy solutions, offering energy supply, infrastructure investment and management services to municipal, commercial and institutional customers with mission-critical energy needs.
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