Investment Summary

CK Infrastructure, United Utilities Group and Li Ka Shing Foundation Invest In North England Gas Distribution Network

On August 31, 2004, CK Infrastructure, United Utilities Group and Li Ka Shing Foundation invested in distribution company North England Gas Distribution Network from National Grid for 1.4B GBP

Investment Highlights
  • This is CK Infrastructure’s 1st, United Utilities Group’s 1st and Li Ka Shing Foundation’s 1st transaction in the Distribution sector.
  • This is CK Infrastructure’s 4th, United Utilities Group’s and Li Ka Shing Foundation’s 3rd largest (disclosed) transaction.
  • This is CK Infrastructure’s 1st, United Utilities Group’s 1st and Li Ka Shing Foundation’s 1st transaction in the United Kingdom.

Investment Summary
Date 2004-08-31
Target North England Gas Distribution Network
Sector Distribution
Investor(s) CK Infrastructure
United Utilities Group
Li Ka Shing Foundation
Sellers(s) National Grid
Deal Type Stake Purchase
Deal Value 1.4B GBP

Target

North England Gas Distribution Network

United Kingdom
EG is one of the 8 major gas distribution networks in the United Kingdom. Its network extends south from the Scottish border to South Yorkshire, containing a mixture of large cities (Newcastle, Middlesborough, Leeds and Bradford) and a significant rural area including North Yorkshire and Cumbria. It comprises approximately 36,000 km of distribution gas mains, with a total gas demand of 94 TWh. The network serves a total population of 6.7 million.

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Investor(S) 3

Investor

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 4 of 22
Sector (Distribution) 1 of 2
Type (Stake Purchase) 1 of 8
Country (United Kingdom) 1 of 7
Year (2004) 1 of 2
Size (of disclosed) 4 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-08-30 CKI/HEI Electricity Distribution Two Pty

Melbourne,, Australia

CKI/HEH the biggest electricity distributor in Australia in terms of customers, serving a total of 1.6 million customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-12 North England Gas Distribution Network

United Kingdom

EG is one of the 8 major gas distribution networks in the United Kingdom. Its network extends south from the Scottish border to South Yorkshire, containing a mixture of large cities (Newcastle, Middlesborough, Leeds and Bradford) and a significant rural area including North Yorkshire and Cumbria. It comprises approximately 36,000 km of distribution gas mains, with a total gas demand of 94 TWh. The network serves a total population of 6.7 million.

Buy -
Investor

United Utilities Group

Warrington, United Kingdom
Category Company
Founded 2008
Sector Utilities
Employees6,000
Revenue 2.0B GBP (2024)
DESCRIPTION

United Utilities Group is a provider of water and waste water services to people. United Utilities Group was founded in 2008 is based in Warrington, the United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Stake Purchase) 1 of 1
Country (United Kingdom) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-15 VertexOne

Houston, Texas, United States

VertexOne is a provider of customer information system (“CIS”) software and integration services to the mid-market public and investor-owned utility industry. VertexOne was founded in 1996 and is based in Houston, Texas.

Sell $405M
Investor

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 1 of 5
Sector (Distribution) 1 of 1
Type (Stake Purchase) 1 of 1
Country (United Kingdom) 1 of 4
Year (2004) 1 of 1
Size (of disclosed) 3 of 5
FOLLOWING 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

Seller(S) 1

SELLER

National Grid

London, United Kingdom
Category Company
Founded 1990
Sector Energy Services and Equipment
Employees31,425
Revenue 19.9B GBP (2024)
DESCRIPTION

National Grid is an electricity and gas company that connects consumers to energy sources through its networks. National Grid was founded in 1990 and is based in London, the United Kingdom.

DEAL STATS #
Overall 1 of 7
Sector (Distribution) 1 of 1
Type (Stake Purchase) 1 of 1
Country (United Kingdom) 1 of 3
Year (2004) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-02-01 Niagara Mohawk Power

Syracuse, New York, United States

Niagara Mohawk Power distributes electricity to approximately 1.6 million customers and natural gas to about 600,000 customers in upstate New York.

Buy $8.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-02 ClearShot Communications

Malvern, Pennsylvania, United States

ClearShot Communications LLC is a wireless communications tower developer.

Buy $133M
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