M&A Deal Summary

Cheung Kong Infrastructure Holdings, Li Ka Shing Foundation and Cheung Kong Acquires Northumbrian Water Group

On October 14, 2011, Cheung Kong Infrastructure Holdings Ltd., Li Ka Shing Foundation Ltd. and Cheung Kong (Holdings) Ltd. acquired utilities company Northumbrian Water Group Ltd. for 2.4B GBP

Acquisition Highlights
  • This is Cheung Kong Infrastructure Holdings’ 11th, Li Ka Shing Foundation’s 2nd and Cheung Kong’s 1st transaction in the Utilities sector.
  • This is Cheung Kong Infrastructure Holdings’ 2nd, Li Ka Shing Foundation’s 1st and Cheung Kong’s 0th largest (disclosed) transaction.
  • This is Cheung Kong Infrastructure Holdings’ 6th, Li Ka Shing Foundation’s 3rd and Cheung Kong’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2011-10-14
Target Northumbrian Water Group Ltd.
Sector Utilities
Buyer(s) Cheung Kong Infrastructure Holdings Ltd.
Li Ka Shing Foundation Ltd.
Cheung Kong (Holdings) Ltd.
Deal Type Add-on Acquisition
Deal Value 2.4B GBP

Target

Northumbrian Water Group Ltd.

Durham, United Kingdom
website
Northumbrian Water Limited (NWL) provides water and sewerage services in the north east of England under the brand name Northumbrian Water and water services in the south east under the brand name Essex & Suffolk Water. It serves 2.7 million people in the north with water and sewerage services and 1.8 million people in the south with water services.

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Buyer(S) 3

Buyer

Cheung Kong Infrastructure Holdings Ltd.

Hong Kong, China

website


Category Company
Founded 1996
SectorInfrastructure
Employees2,068
Revenue 28.5B HKD (2015)
DESCRIPTION

Cheung Kong Infrastructure Holdings Limited,with diversified investments in Energy Infrastructure, Transportation Infrastructure, Water Infrastructure, Waste Management and Infrastructure Related Business.


DEAL STATS #
Overall 14 of 21
Sector (Utilities) 11 of 14
Type (Add-on Acquisition) 2 of 6
Country (United Kingdom) 6 of 7
Year (2011) 2 of 2
Size (of disclosed) 2 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-28 Meridian Cogeneration Plant

Lloydminster, Alberta, Canada

Meridian Cogeneration Plant operates a natural gas-fired cogeneration plant with an installed capacity of 220 megawatts.

Buy CA$91M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-25 Wales & West Utilities Ltd.

Newport, United Kingdom

Wales & West Utilities is one of the eight major gas distribution networks in the United Kingdom. It has a service coverage area of 42,000 sq kilometers, and provides service to a population of approximately 7.4 million in Wales and the South West of England. WWU’s gas distribution system consists of 35,000 km of pipelines and 18 gas storage sites.

Buy £645M
Buyer

Li Ka Shing Foundation Ltd.

Hong Kong, China

website


Category Company
Founded 1980
SectorFinancial Services
DESCRIPTION

Li Ka Shing Foundation Ltd. is a charitable institution that helps communities to build better standards of living.


DEAL STATS #
Overall 3 of 5
Sector (Utilities) 2 of 3
Type (Add-on Acquisition) 1 of 2
Country (United Kingdom) 3 of 4
Year (2011) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-01 UK Power Networks Holdings Ltd.

Maidstone, United Kingdom

UK Power Networks Holdings Ltd.own and maintain electricity cables and lines across London, the South East and East of England making sure your lights stay on,We maintain and upgrade power equipment.

Buy £5.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-25 Wales & West Utilities Ltd.

Newport, United Kingdom

Wales & West Utilities is one of the eight major gas distribution networks in the United Kingdom. It has a service coverage area of 42,000 sq kilometers, and provides service to a population of approximately 7.4 million in Wales and the South West of England. WWU’s gas distribution system consists of 35,000 km of pipelines and 18 gas storage sites.

Buy £645M
Buyer

Cheung Kong (Holdings) Ltd.

Hong Kong, China

website


Category Company
SectorReal Estate
Employees8,200
Revenue 176.1B HKD (2015)
DESCRIPTION

Cheung Kong Holdings is a property development and strategic investment company. It is one of the largest developers in Hong Kong of residential, commercial and industrial properties. About one in seven private residences in Hong Kong were developed by the company.


DEAL STATS #
Overall 7 of 13
Sector (Utilities) 1 of 3
Type (Add-on Acquisition) 1 of 4
Country (United Kingdom) 1 of 2
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-27 iBusinessCorporation.com Ltd.

Hong Kong, China

iBusiness Corporation Limited invests in and builds profitable m-commerce, e-commerce, Internet infrastructure and software technology businesses.

Buy HK$9M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-25 Wales & West Utilities Ltd.

Newport, United Kingdom

Wales & West Utilities is one of the eight major gas distribution networks in the United Kingdom. It has a service coverage area of 42,000 sq kilometers, and provides service to a population of approximately 7.4 million in Wales and the South West of England. WWU’s gas distribution system consists of 35,000 km of pipelines and 18 gas storage sites.

Buy £645M