Arcapita successfully exits UK water sector
- From: Vol 8, Issue 11 (November 2007)
- Category: General
- Region: Europe
- Related Companies: Alinda Infrastructure Fund, Arcapita, Balfour Beatty, Brocol Consultants, Dresdner Kleinwort, Echo Managed Services, Hydrosave, Integrated Water Services Ltd, OnSite, Royal Bank of Scotland, South Staffordshire Water, Southern Water, Standard & Poor’s, Thames Water, Underground Pipeline Services and United Utilities
The Bahrain-based investor could hardly have wished for a better return on the investment it made in South Staffs just three years ago. Will new owner Alinda enjoy similar fortunes?
Arcapita Bank made almost double its expected return on South Staffordshire plc when it sold the company to the US-based Alinda Infrastructure Fund at the end of October for around £400 million.
The Bahrain-based investor paid £245 million for South Staffs back in 2004, and the gain of about £150 million looks to have given it an annual return of ...
Subscription required
To read this full article you must be subscribed to Global Water Intelligence.
Subscribe Now, Sign up for a Free Trial or Log In
