# CVC Fund V agrees sale of ista to Cheung Kong Property Holdings

CVC Capital Partners Fund V agreed to sell its majority stake in ista, an energy efficiency service company, to Cheung Kong Property Holdings Limited. CKP will form a joint venture with CK Infrastructure Holdings Limited for the acquisition.

- Type: Acquisition
- Announced: 2017-07-13
- Where: Canada
- Value: $2.82B
- Status: announced
- Products: energy management services, heat cost allocators, heat meters, water meters, smoke alarm devices
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [CVC Capital Partners](https://endata.com/companies/226.md) (partner)
- [Cheung Kong Property Holdings Ltd](https://endata.com/companies/22535.md) (acquirer)
- [Reliance Home Comfort](https://endata.com/companies/22536.md) (target)
- [Alinda Capital Partners](https://endata.com/companies/22537.md) (partner)
- [ista](https://endata.com/companies/25839.md) (target)
- [CK Infrastructure Holdings Limited](https://endata.com/companies/25840.md) (partner)

## Sources

- [cvc.com](https://www.cvc.com/media/news/2017/2017-07-26-cvc-capital-partners-fund-v-agrees-the-sale-of-its-investment-in-ista/), 2017-07-26: "CVC today announced CVC Fund V has agreed the sale of its majority stake in ista, one of the world's leading energy efficiency service companies to Cheung Kong Property Holdings Limited."
- [lexpert.ca](https://www.lexpert.ca/big-deals/cheung-kong-property-holdings-ltd-acquires-reliance-home-comfort/351415), 2017-08-18: "On July 13, 2017, Cheung Kong Property Holdings Ltd. (CKP) completed the acquisition of Reliance Home Comfort (Reliance) from investment funds managed by Alinda Capital Partners (Alinda), for an equity purchase price of approximately $2.82 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.