Private equity awed by Thames’ sale
- From: Vol 7, Issue 2 (February 2006)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Aguas Nuevo Sur Maule, Babcock & Brown, Blackstone Group, Goldman Sachs, Kohlberg Kravis Roberts, Macquarie Bank, Mid Kent Water, Pridesa, RWE/Thames (Water), Southern Cross, Terra Firma and UBS Securities
Thames Water is undeniably attractive to private equity funds: the only problem is that it is too big to be taken single handedly. UBS is working on a solution.
It emerged at the beginning of February that investment bank UBS had approached unnamed infrastructure funds to assemble a consortium to put in a bid for Thames, for which RWE and its financial adviser Goldman Sachs are reportedly hoping to raise £8 billion.
“I’d heard it suggested a week or so before that they were going to do that ...
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