A group of investors led by Toronto-based infrastructure investor Aquila Infrastructure Management has acquired a minority interest in Thames Water Utilities Ltd., a water and sewerage company in the United Kingdom. Financial details of the acquisition were not published. The consortium is comprised of Aquila’s fund, The Infrastructure Coalition, and five other investors, including TIAA-CREF, New Brunswick Investment Management Corp., and Teachers’ Retirement Allowances Fund.
Aquila Consortium Acquires Stake in Thames Water
TORONTO, ONTARIO–(Marketwired – April 17, 2013) – Aquila Infrastructure Management (“Aquila”) is pleased to announce that an Aquila-led consortium has acquired a minority interest in UK-based Thames Water.
Thames Water is the largest water and sewerage company in the United Kingdom. Thames Water provides services to London and surrounding areas, serving 14 million customers – about one-third of the total population of England and Wales. “Thames Water is a world-class organization and we are excited to be a part of its investor group,” said Alina Osorio, Chief Executive Officer of Aquila. Aquila sourced the transaction on a proprietary basis.
Aquila’s consortium includes its fund, the Infrastructure Coalition, and five other investors including TIAA-CREF, New Brunswick Investment Management Corporation, and Teachers’ Retirement Allowances Fund. “This investment executes on our strategy to provide our clients with more direct exposure to core infrastructure assets, including providing co-investment opportunities to the investors in our fund,” said Alina Osorio. Aquila will manage the interest on the consortium’s behalf.
About Aquila and the Infrastructure Coalition
Aquila is located in Toronto and was established in 2009 as a full service investment management services firm focused solely on the infrastructure sector. It delivers tailored investment solutions that offer advantages over traditional fund models. Aquila’s flagship fund is the Infrastructure Coalition, a closed-end investment vehicle with a mandate to invest in core infrastructure assets in OECD countries.
Additional information about Aquila Infrastructure is available on the company’s website at www.theaquilagroup.com/infrastructure.
Photo courtesy of Shutterstock.
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