ANTIN // 2021 Universal Registration Document
PRESENTATION OF ANTIN Overview of Antin’s activities
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1.3 OVERVIEW OF ANTIN’S ACTIVITIES Antin is a leading independent private equity firm dedicated to improving, growing and transforming infrastructure businesses, with a demonstrated track record of delivering attractive, consistent investment performance. Antin manages investment funds that invest in infrastructure businesses in the energy and environment, telecom, transport and social infrastructure sectors across Europe and North America.
pension funds, insurance companies, sovereign wealth funds, financial institutions, endowments, foundations and family offices. The Fund Investor base includes over 210 institutions and intermediaries as of 31 December 2021 and is broadly diversified by type, size and geography. Antin has demonstrated an impressive track record for fundraising from this blue-chip Fund Investor base that has continued to accelerate over the years, raising €10.2 billion from its Fund Investors between 30 June 2018 and 31 December 2021 for Flagship Fund IV, Fund III-B, Mid Cap Fund I and NextGen Fund I – almost tripple the size of the fundraising for Flagship Fund III in 2016. Antin’s differentiated investment approach, track record of investment performance, long-term relationships with Fund Investors and unique culture have enabled Antin to raise a total of approximately €17 billion of capital since inception (excluding co-invest), with six successful fundraises across two investment strategies, as well as an ongoing fundraising on NextGen Fund I. Over this period, AUM has increased from €0.2 billion in 2008 to €22.7 billion as of 31 December 2021, representing a compound growth rate of 44% per annum over that period. On the back of this track record, Antin expects to continue to grow and scale its investment strategies. Supported by strong recurring revenue from management fees, for the period 2011 to 2021, the compound annual growth rate of Antin’s revenue was 27%. Antin’s total revenue reached €181 million in 2021, with underlying EBITDA of €108 million and demonstrated strong levels of profitability with an underlying EBITDA margin of 60%.
Since its founding in 2007, Antin has succeeded in bringing innovation to the infrastructure investment sector, playing a pioneering role in defining and shaping what was a nascent asset class at the time. From its roots in Europe, Antin has built one of the leading global pure-play investment platforms focused on infrastructure. Supported by its Fund Investors, Antin has been able to grow and scale its Flagship Fund Series, launch the Mid Cap Fund Series and begin fundraising for the NextGen Fund Series. Antin today conducts its businesses from five countries across three continents with 163 employees, 83 of which are investment professionals based in the main office locations of Paris, London and New York. Building on this growth, Antin established a new office in Singapore to expand its fundraising reach in the Asia Pacific region. On the back of the strong investment performance of the investment vehicles, with 24% Realised Gross IRR and 2.7x Realised Gross Multiple across 14 exits as of 31 December 2021, Antin has built a strong and diversified Fund Investor base from around the world, including some of the leading
21 ANTIN INFRASTRUCTURE PARTNERS S.A. - UNIVERSAL REGISTRATION DOCUMENT 2021
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