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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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harrowtimes.co.ukharrowtimes.co.uk
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Future of Thames Water uncertain after prospective investor backs out of rescue

A private equity firm from the US has backed out of plans to help rescue financially-burdened utility company, Thames Water.

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Winnipeg Free Press broke the news in Winnipeg, Canada on Tuesday, June 3, 2025.
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