Bridgepoint has agreed the sale of Miya Water (“Miya”), a leading international environmental services company, to Antin Infrastructure Partners.
Miya is a best-in-class global water platform uniquely positioned to take advantage of growth opportunities in the sector. The company is the largest private water operator in Portugal and a global provider of comprehensive integrated water efficiency solutions to public and private utilities. With more than 700 employees, Miya serves over 600,000 people in Portugal via six long-term concessions and one public private partnership (PPP) and has delivered more than 200 water efficiency projects globally aimed at reducing non-revenue water (water lost during distribution).
Following completion of the acquisition, Antin will work with Miya’s management team, led by CEO Amit Horman, to support growth opportunities in water concessions and PPPs in Europe and North America, as well as the delivery of further water efficiency projects around the world.
Miya’s growth prospects are underpinned by attractive market fundamentals, a greater focus on water efficiency and significant investment needs supported by the private sector.
Mauricio Bolaña, Partner at Antin, said:”Miya is a best-in-class water operator with a solid base that will serve as a springboard to capture the strong growth potential that exists in the sector. We are delighted to support Miya’s management team in the next stage of the company’s development.”
Héctor Pérez, Partner at Bridgepoint, said: “Miya is a unique business with a superb management team. We are extremely pleased to be a part of its journey and to continue supporting its growth ambitions in this new stage together with Antin.”
Amit Horman, Chief Executive Officer at Miya, commented: “We thank Bridgepoint for their significant support. In partnership with Antin, we look forward to delivering on the significant potential we see over the coming years.”
Antin was advised by Deutsche Bank, Herbert Smith Freehills, Sérvulo, McConnell Valdés, PWACS Corporate Finance, PWACS, Defining Future Options, EY and Marsh.
Bridgepoint was advised by Citi, Uría Menéndez, PwC Strategy&, EY, ERM and Willis.
