Macquarie Asset Management Acquires Majority Stake in Southern Water
August 9, 2021
Macquarie Asset Management has agreed to acquire a majority stake in Southern Water Services Limited and will invest over £1 billion of new equity to recapitalise the business. The capital will strengthen Southern Water’s balance sheet and fund a multi-year £2 billion investment programme to reduce leaks and pollution incidents, improve customer service, and boost financial resilience.
- Buyers
- Macquarie Asset Management
- Targets
- Southern Water Services Limited
- Sellers
- Existing shareholders of Southern Water
- Industry
- Utilities
- Location
- West Sussex, United Kingdom
- Transaction Type
- Recapitalization
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