Ardian increases stake in CLH Group

Ardian became the largest shareholder in the company following the deal, having acquired the extra 5% stake from Compañía Española de Petróleos, a Spanish energy company. Ardian committed capital from its Infrastructure Fund.

The GP acquired a 10% stake in the firm in 2011 in a deal that valued the firm at €3.6bn, according to unquote" data. Banco Santander acted as corporate finance adviser on the deal. Other shareholders in the company include Oman Oil, Repsol, Novacaixagalicia, BP, Galp, BBK and Deutsche Bank.

Company
Madrid-based CLH owns and operates the largest refined oil products pipeline network in Spain. Originally government-owned, it was founded in 1927. It has more than 4,000km of pipeline and seven million cubic meters of storage capacity.

People
Mathias Burghardt is head of infrastructure at Ardian.

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• Topics
• Infrastructure
• Southern Europe
• France
• Spain
• Axa Private Equity