Water related M&A activity has been robust over the last three years, surpassing US$57 billion, globally, since the start of 2014. Intensifying concerns over water scarcity, water resource contamination, and shortfalls in municipal infrastructure investment drive a surge in optimism for growth and deal flow. This new report from Bluefield Research, available for purchase and… Continue reading Water Mergers & Acquisitions: Key Trends in a Changing Global Landscape
Results for ""
We found 55 results for your search.
KKR Rebalances Water Portfolio
On 2 October 2016, US investment firm Kohlberg Kravis Roberts & Co L.P. (KKR) sold its remaining 23.85% share of wastewater treatment firm CITIC United Envirotech Limited (UEL) for US$281.2 million to Cayman Islands-based China Reform Puissance Overseas GP. Bluefield anticipated this move as KKR funded UEL’s initial growth. UEL is one of China’s ten largest… Continue reading KKR Rebalances Water Portfolio
Global Desalination Ownership Rankings, Year-End 2015
Bluefield analyzes the ownership positions, geographies, and plants of the largest desalination owners by capacity, including government entities, pure-play water companies, Japanese trading houses, and infrastructure investors.
LG Continues Filling Out Water Portfolio
On 14 March 2014, Korea-based LG Chem filed for the acquisition of NanoH2O, an El Segundo, California-based reverse osmosis technology manufacturer. The reported US$200 million acquisition is expected to close by the end of April 2014. NanoH2O- founded in 2005- is backed by BASF, Total, Khosla Ventures, Oak Investment Partners, and the CalPERS Clean Energy & Technology Fund. The announcement comes after Toray outbid LG to acquire 56% of membrane manufacturer, Woongjin Chemical in 2013 for US$397 million.
Mitsui, Japanese Expand Global Water Footprints
In July 2013, Mitsui & Co. acquired a 49% stake in Czech Republic water system operator Severomoravske vodvody a kanalizace Ostrava a.s. (SmVaK). Mitsui’s newly established subsidiary, Mit Infrastructure Europe Ltd. (MIE) acquired the stake from Aqualia Czech, S.L. a subsidiary of Spain Based FCC S.A. SmVaK produces and supplies drinking water to 1.3 million users and owns a 6,000-kilometer supply network along with 41 water and 67 wastewater plants. The price of the acquisition is Û97 million. The Mitsui acquisition follows on the heals of FCC’s (Aqualia) 10 June 2013 agreement to sell its 50% stake in Proactiva Medio Ambiente to its joint venture partner Veolia Environnement for Û150 million.
