New York private equity giant KKR pulls out of Thames Water rescue deal
- US private equity firm KKR withdrew from plans to invest £4 billion in Thames Water in early 2025, disrupting its rescue deal.
- KKR pulled out amid concerns over political tensions in the water sector and as an independent commission released reform findings the same day.
- Thames Water, owned by lenders, called the withdrawal disappointing but confirmed it would engage with other investors who had shown interest.
- Sources note an alternative equity plan by a lender consortium is ready and fully financed, while Thames Waters’ needed cash injection remained £4 billion.
- The failed KKR deal raises the risk of Thames Water entering government administration unless the alternative funding plan proceeds successfully.
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Total News Sources79
Leaning Left9Leaning Right8Center31Last UpdatedBias Distribution65% Center
Bias Distribution
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65% Center
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C 65%
R 17%
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