Ardian Completes Sale of Trados Stake to Abertis
Deal News | Nov 15, 2024 | Ardian
Ardian, a global private investment firm, has announced the sale of its 49% stake in Autopista Trados M-45 to Abertis, a major international motorway operator headquartered in Spain. This transaction marks the end of Ardian's investment in Trados, a holding company that manages a 14.5 km stretch of the M45 Madrid ring-road. Since Ardian's initial investment in 2011, traffic on the road has increased by over 50%, with more than 85,000 vehicles using the stretch daily. The road is operated under a concession agreement with the Autonomous Community of Madrid, featuring a shadow toll mechanism. This exit aligns with Ardian’s commitment to optimizing operational excellence and capital structure in its investments. Both Ardian and Abertis have expressed positive sentiments regarding the transaction and future prospects for the M45 road.
Sectors
- Transportation Infrastructure
- Private Equity
Geography
- Spain – Both Trados and Abertis are involved in the management and operation of the M45 road in Madrid, Spain.
Industry
- Transportation Infrastructure – The article involves the sale of a stake in Trados, which manages a stretch of the M45, a major transportation infrastructure in Madrid.
- Private Equity – Ardian, a private investment firm, is divesting its stake, highlighting its role in managing and optimizing investment portfolios.
Financials
- 49% – The stake in Trados sold by Ardian to Abertis.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ardian | Selling Company | Company | A world-leading private investment house with broad expertise in private equity, real assets, and credit. |
| Abertis | Bidding Company | Company | A leading international motorway operator headquartered in Spain and majority shareholder in Trados. |
| Autopista Trados M-45 | Target Company | Company | A holding company overseeing investment in a 14.5km stretch of the M45 Madrid ring-road. |
| Juan Angoitia | Co-Head of Infrastructure Europe | Person | Co-Head of Infrastructure Europe at Ardian, providing a statement on the transaction. |