CVC to acquire Ardian’s 10 percent stake in CLH

CVC Capital Partners has agreed to acquire Ardian‘s 10 percent stake in CLH, a Spanish oil and storage company. No financial terms were disclosed.


Madrid, 3 April 2017 – Ardian, the independent private investment company, has reached an agreement with CVC Capital Partners to sell a 10% stake in CLH, a leading Spanish oil transport and storage company.

Ardian Infrastructure had held a 15% stake following its initial investment in CLH in 2011, before investing further to become CLH’s principal shareholder, with a 25% shareholding, in 2015. Once the agreement with CVC takes effect, Ardian will hold a 15% stake, reflecting its continuing confidence and commitment to the company.

Mathias Burghardt, Head of Ardian Infrastructure and Member of the Executive Committee, said: “Ardian’s continued involvement in CLH reflects the fact that it is a key strategic asset for Spain, supplying highly efficient and reliable logistical services for its clients. It is also a pioneer in innovation in the sector, and for all these reasons we will continue to contribute actively to the company’s development, as we have been doing since 2011.”

Juan Angoitia, Managing Director at Ardian Infrastructure, added: “Since Ardian’s Spanish office was opened in 2015, CLH has been a key element in its long-term strategy. We remain committed to this company; we intend to take an active role in its management and will contribute to its growth through a recently-approved new strategic plan which contains further improvements to the company.”

In the last decade, Ardian Infrastructure has established a significant presence in the European energy and transport infrastructure sector. In Spain, it has invested nearly €1 billion since 2010 in companies such as Trados 45, Túnels Barcelona Cadí and CLH. Ardian also has close links and partners with major Spanish industrial groups including Aena, Abertis and Solarpark.

Ardian, founded in 1996 and led by Dominique Senequier, is an independent private investment company with assets of US$60 billion managed or advised in Europe, North America and Asia. The company, which is majority-owned by its employees, keeps entrepreneurship at its heart and delivers investment performance to its global investors while fuelling growth in economies across the world. Ardian’s investment process embodies three values: excellence, loyalty and entrepreneurship.

Ardian maintains a truly global network, with more than 450 employees working through twelve offices in Beijing, Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, New York, Paris, San Francisco, Singapore and Zurich. The company offers its 580 investors a diversified choice of funds covering the full range of asset classes, including Ardian Funds of Funds (primary, early secondary and secondary), Ardian Private Debt, Ardian North America Direct Buyout, Direct Funds (Ardian Mid Cap Buyout, Ardian Expansion, Ardian Growth, Ardian Co-Investment), Ardian Infrastructure, Ardian Real Estate and customized mandate solutions with Ardian Mandates.