UPSIDE IN THE CRUNCH
- From: Vol 8, Issue 12 (December 2007)
- Category: Need to know
- Region: Unspecified
- Country:
- Related Companies: Citigroup Alternative Investments, GIC Special Investments, HSBC, Infracapital Partners, Kelda, Prudential Group, South Staffordshire Water and Southern Water
* The IPO postponements may create an interesting opportunity for private equity.
That sector has not slaked its thirst for water assets. At the end of last month,
Citigroup Alternative Investments, HSBC, GIC Special Investments – the private equity arm of the Singapore government – and the Prudential Group’s Infracapital Partners, agreed to pay £5.55 billion for Kelda. It begs the question of how long picking off the remaining low-leverage water companies ...
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