Kelda joins the private equity party
- From: Vol 8, Issue 12 (December 2007)
- Category: General
- Region: Europe
- Country:
- Related Companies: AWG, Banco Santander, Barclays Capital, Citigroup Alternative Investments, Deutsche Bank, GIC Special Investments, Glas Cymru, HSBC, Infracapital Partners, Kelda, Prudential Group, Royal Bank of Scotland, Saltaire Water, Singapore Power International, Southern Water, Thames Water and Yorkshire Water
The unsuccessful Southern Water bidders have bagged a bigger prize – with no rivals to unseat them this time.
Yet another UK water group will disappear from the stock market at the year end and move to a highly geared financing model, after Kelda’s management agreed on 26 November to recommend an offer from a consortium of financial investors.
The Saltaire Water consortium, whose members comprise Citigroup Alternative Investments, HSBC, GIC Special Investments – the private equity arm of ...
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