Partners Group Buys Stake in Telepass from Atlantia
Posted on 10/19/2020
Partners Group, on behalf of its clients, agreed to acquire a 49% equity stake in Telepass S.p.A, an electronic toll collection services provider in Europe for 1.06 billion euros. Following the acquisition, Partners Group will become joint owner of Telepass with its current investor Atlantia S.p.A. The transaction values Telepass at an enterprise value of over 2 billion euros.
Telepass is a European provider of electronic tolling services to approximately 7 million clients, with a strong asset base of more than 12 million active payment devices.
Partners Group entered into talks in August 2020 to buy the stake in Telepass.