M&A Deal Summary

KKR, CK Infrastructure, Li Ka Shing Foundation and CK Hutchison Acquire NWL

On October 14, 2011, private equity firm KKR, CK Infrastructure, Li Ka Shing Foundation and CK Hutchison acquired utilities company NWL for 2.4B GBP

Acquisition Highlights
  • This is KKR’s 4th, CK Infrastructure’s 11th, Li Ka Shing Foundation’s 2nd and CK Hutchison’s 1st transaction in the Utilities sector.
  • This is KKR’s 29th, CK Infrastructure’s 2nd, Li Ka Shing Foundation’s and CK Hutchison’s 0th largest (disclosed) transaction.
  • This is KKR’s 5th, 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 NWL
Sector Utilities
Buyer(s) KKR
CK Infrastructure
Li Ka Shing Foundation
CK Hutchison
Deal Type Add-on Acquisition
Deal Value 2.4B GBP

Target

NWL

Durham, United Kingdom
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. NWL is based in Durham, United Kingdom.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 4

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 100 of 483
Sector (Utilities) 4 of 9
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 5 of 29
Year (2011) 12 of 18
Size (of disclosed) 29 of 104
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-05 Ipreo Holdings

New York, New York, United States

Ipreo Holdings LLC is a global provider of high quality data, market intelligence, and productivity solutions to investment banking and corporate clients. Ipreo was founded in 1985 and is based in New York, New York.

Buy $425M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-21 Santander Consumer USA

Dallas, Texas, United States

Santander Consumer USA is a provider of financial services for vehicle and consumer lending products. Santander Consumer USA was founded in 1995 and is based in Dallas, Texas.

Buy -
Buyer

CK Infrastructure

Hong Kong, China

Category Company
Founded 1996
Sector Infrastructure
Employees2,407
Revenue 6.0B HKD (2023)
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. 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

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

Category Company
Founded 1828
Sector Real Estate
Employees300,000
Revenue 275.6B HKD (2023)
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