Bridgepoint, the major pan-European private equity investor, has launched the sale of Miya, its water business, acquired just over one year ago for about €237 million (approximately US$265 million).
As reported by “El Economista”, the sale would be valued at some 550 million euros (nearly US$617 million), a figure that could increase given the high interest of investors. Furthermore, it points out that EQT, Brookfield, KKR, Partners Group and two industrial groups would be interested in the acquisition and might submit their first offers this month. Other firms specialised in infrastructure such as Ardian or IFM (partner of FCC in Aqualia), may also be interested in acquiring the company.
With this operation, Bridgepoint puts the water business in the spotlight: a sector that reveals itself as a safe investment that can provide returns in the long term.
Miya, founded in 2008, is a world leading water services company focused on efficiency and with extensive experience in the management of public services, including water efficiency, commercial management and water treatment.
Since 2019, Miya is wholly owned by Bridgepoint and, after the acquisition of Indaqua — Portugal's largest private water operator — in 2016, it is present in the Iberian Peninsula through its subsidiary Miya Portugal, where it operates 6 municipal concessions, serving more than 600,000 people.