M&A Deal Summary

CK Infrastructure, Li Ka Shing Foundation and CK Hutchison Acquire Northumbrian Water Group

On October 14, 2011, CK Infrastructure, Li Ka Shing Foundation and CK Hutchison acquired utilities company Northumbrian Water Group for 2.4B GBP

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

M&A Deal Summary
Date 2011-10-14
Target Northumbrian Water Group
Sector Utilities
Buyer(s) CK Infrastructure
Li Ka Shing Foundation
CK Hutchison
Deal Type Add-on Acquisition
Deal Value 2.4B GBP

Target

Northumbrian Water Group

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

CK Infrastructure

Hong Kong, China

website

Category Company
Founded 1996
Sector Infrastructure
Employees2,365
Revenue 6.6B HKD (2022)
DESCRIPTION

CK Infrastructure is a global infrastructure company that aims to make the world a better place through a variety of infrastructure investments and developments in different parts of the world. The Group has diversified investments in Energy Infrastructure, Transportation Infrastructure, Water Infrastructure, Waste Management, Waste-to-energy, Household Infrastructure, and Infrastructure Related Businesses. CK Infrastructure was founded in 1996 and is based in Hong Kong, China.

DEAL STATS #
Overall 14 of 22
Sector (Utilities) 11 of 14
Type (Add-on Acquisition) 2 of 7
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

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

Hong Kong, China

website

Category Company
Founded 1980
Sector Financial 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

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

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

CK Hutchison

Hong Kong, China

website

Category Company
Founded 1828
Sector Real Estate
Employees300,000
Revenue 262.5B HKD (2022)
DESCRIPTION

CK Hutchison is a property development and strategic investment company. CK Hutchison is one of the largest developers in Hong Kong of residential, commercial, and industrial properties. CK Hutchison was founded in 1828 and is headquartered in Hong Kong, China.

DEAL STATS #
Overall 7 of 14
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

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

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
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