Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Antin Infrastructure Partners S.A. is a leading independent private equity firm specializing in infrastructure investments across Europe and North America. Founded in 2007 by Alain Rauscher and Mark Crosbie, the firm manages seven funds targeting the energy and environment, digital, transportation, and social infrastructure sectors, with over €33 billion in assets under management as of late 2024. Headquartered in Paris with offices in London, New York, Singapore, Seoul, and Luxembourg, it employs more than 240 professionals from over 30 nationalities. Antin adopts an active value-creation approach, collaborating closely with portfolio company management to enhance operations, financial performance, service quality, and safety. Notable investments include CityFibre in UK telecoms, Vicinity Energy in U.S. district energy, Babilou in childcare, and recent acquisitions like Emsere in clinical trials. Publicly listed since its 2021 IPO on Euronext Paris, Antin serves a diverse global investor base of over 300 institutions, including pension funds, insurers, and sovereign wealth funds, emphasizing a capital-light model centered on recurring management fees. Its portfolio supports essential services, employing over 29,400 people across sectors critical to economic and social infrastructure.
Margins and capital returns are both well above average: 49.75% operating margin, ROIC at 18.74%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue declined 8.1% YoY. Margins deteriorated 4.2pp alongside, both lines moving the wrong way.
ROIC dropped from 22.21% to 18.74%, capital efficiency is deteriorating. Operating margin contracted 4.2pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
€292M
▼ -8.1% YoY
Net Income (TTM)
€107M
▼ -19.0% YoY
Op. Margin
49.75%
▼ -4.2pp YoY
ROIC
18.74%
▼ -3.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€118M
▼ -1.4% YoY
Op. Cash Flow (TTM)
€129M
▲ +2.6% YoY
Net Debt
-€301M
Net Cash Position
Cash & Equiv.
€368M
3Y CAGR: +10.9%
3Y CAGR: +10.2%
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