London, 12 December 2011
Macquarie infrastructure and Real Assets (MIRA) today announced the change in ownership of 9.9 per cent of Kemble Water Holdings Limited (Kemble), the ultimate holding company of Thames Water.
The combined 9.9 per cent stake has been sold by Macquarie European Infrastructure Fund (MEIF1), with smaller participation by another Macquarie–managed fund and a third party investor, to Infinity Investments S.A., a wholly owned subsidiary of the Abu Dhabi Investment Authority, for an undisclosed sum.
MIRA and Macquarie-managed funds, respectively, remain dedicated to the management and ownership of Thames Water. Following the transaction, Macquarie-managed funds together continue to be the largest shareholder in Thames Water.
Kemble Water Holdings Limited acquired Thames Water in December 2006. Kemble Water Holdings Limited comprises investments from Macquarie European Infrastructure Funds 1 and 2, certain other Macquarie-managed funds and various non-Macquarie investors, now including Infinity Investments S.A. alongside pension funds and other institutional investors from Europe, Canada and Australia.
MIRA manages the investment in Thames Water on behalf of all Kemble shareholders, and aims to manage investments in infrastructure assets profitably and responsibly.