DIF Capital Partners (DIF) has announced it has formed a consortium with PGGM to enter exclusive negotiations with EQT Infrastructure III and IV funds (together, EQT Infrastructure) to acquire 50% of its stake in Saur.
Each company in the consortium acquires a 25% of EQT Infrastructure’s shares in Saur. EQT Infrastructure, DIF and PGGM plan to invest in Saur's long-term development, providing the necessary resources and expertise to drive growth in the coming years. Saur SAS is engaged in water, waste management, engineering, infrastructure services, and leisure businesses. Its services include the production, treatment, supply, and management of drinking water and associate services, and collection and treatment of wastewater and treatment by-products.
The transaction is scheduled to close in Q2 of 2023 and is subject to customary terms and conditions and approvals. Rothschild & Co. acted as consultants for EQT Infrastructure and UBS for PGGM and DIF.