Axa/F2i close G6 Rete Gas acquisition

A consortium of Axa Private Equity and Italian infrastructure fund F2i closed its commercial debt-supported acquisition of gas distributor G6 Rete Gas this week.
By Staff reporter 7 October 2011 0 1347

A consortium of Axa Private Equity and Italian infrastructure fund F2i closed its commercial debt-supported acquisition of gas distributor G6 Rete Gas this week.

The deal, which was announced in June, saw the consortium acquire the Italian firm from GDF Suez Energia Italia for €772 million ($969 million). The transaction prices the distribution assets at 103% of the 2010 regulated asset base, 9.3 times the earnings before interest, taxes, depreciation and amortisation (EBITDA) and 17.5 times the net income.

A consortium of 12 banks are providing the...

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