Affinity for Business Sale Agreed
2 May 2017
AFFINITY FOR BUSINESS – AGREED SALE
Infracapital and Morgan Stanley Infrastructure (“MSI”) have today announced the sale of Affinity for Business (Retail) Limited (“Affinity for Business”) to a consortium comprising Allianz Capital Partners on behalf of the Allianz Group, HICL Infrastructure Company Limited (advised by InfraRed Capital Partners Limited) and DIF.
Infracapital and MSI have signed an agreement to sell their 100% interest in Affinity Water Acquisitions (Investments) Limited, which indirectly owns 90% of Affinity for Business. As part of the transaction, the buyers acquire Veolia Water UK Limited’s 10% stake in Affinity for Business.
Both transactions are expected to complete simultaneously in May 2017.
Affinity for Business will continue to operate as normal and there is no expectation that the sale will result in any changes at an operational level.
Helen Gillett, Affinity for Business Managing Director commented; “We look forward to welcoming our new investors to the company and continuing to successfully deliver great service for our business customers, offering them a range of services and great value for money, as a leading community focused company.”
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About Affinity for Business Limited
What makes us a different kind of Water Company? It starts with our dedication on supplying high quality drinking water, but it goes deeper than that. At Affinity for Business we are focused on making your life easier as a business, recognising your company’s key requirements and meeting them through all we do. We work in partnership with you to make sure that you receive the very best level of service, the best rates and the best advice to help you save water and money throughout your organisation.
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