Deutsche pays £189 million for Sutton

The price for the small water-only company is 30% more than the regulated asset value. It is a sellers’ market.

The UK water sector received further confirmation that its companies remain a compelling investment when a fund owned by Deutsche Bank paid £189 million for Sutton and East Surrey Water at the end of the year – a premium of more than 40% to the regulated asset value of the business.

The Deutsche fund bought Sutton and East Surrey from Guy Hands’ Terra Firma group, which...

Subscribe online today

  • Monthly print magazine
  • Unlimited online access
  • Project Tracker Database
  • Access to the GWI Archive
  • Annual Tariff Survey
  • 10 online users per office location.
  • Annual Subscription: £850/$1550

Free 2 week trial

  • 1 Trial copy of GWI Magazine
  • Online access to
  • Weekly news and insight from GWI Briefing