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New Deal


Announced

Pennon Group to acquire Bristol Water from iCON Infrastructure and ITOCHU for £814m.

Financials

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Transaction Value£814m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

United Kingdom

water supply

Water

Pending

Majority

Private Equity

Single Bidder

Acquisition

Friendly

Private

Synopsis

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Pennon Group, a UK-focused water infrastructure group, agreed to acquire Bristol Water, a water supply company, from iCON Infrastructure, an investment group, and ITOCHU, a Japanese corporation based in Umeda, for £814m ($1.1bn). "Bristol Water brings great people and a great business to Pennon and I am hugely excited about building a future together," Susan Davy, Pennon CEO.

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