Aberdeen Standard Investments, DIF acquire Unitank

DIF Core Infrastructure Fund I closed on €450m in 2017. The two firms will wholly acquire the company, each taking a 50% stake for an undisclosed sum. The firms have agreed to back Unitank's long-term strategy.

The company was family-owned until this acquisition, which is conditional on European Commission merger clearance.

Company
Headquartered in Hamburg, Unitank owns and operates five terminals in Germany and one terminal in Belgium, providing diesel, gasoline, jet fuel and heating oil storage infrastructure and services. The company was founded in 1974.

People
Unitank – Jan Westedt (owner).
Aberdeen Standard Investments – Dominic Helmsley (head of economic infrastructure).
DIF – Willem Jansonius (partner, head of core infrastructure).

Advisers
Equity – Rothschild & Co (corporate finance).
Vendor – Case Corporate Finance (corporate finance); ABN Amro (corporate finance).

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