Stevens & Bolton LLP advises on sale of Veolia Environnements UK regulated water businesses

Stevens & Bolton LLP advised the boards of Veolia Water Central Limited, Veolia Water Southeast Limited and Veolia Water East Limited in relation to the sale by Veolia Environnement of these regulated water companies to Rift Acquisitions Limited for a total consideration value of £1.236 billion.  Rift Acquisitions Limited is an acquisition vehicle formed by Infracapital Partners, the infrastructure investment fund managed by M&G and Morgan Stanley Infrastructure Partners.

The sale was completed on 28 June 2012.

The Stevens & Bolton LLP team was led by Ken Woffenden (corporate partner and managing partner), supported by Lucy Handford (corporate senior associate).

Commenting on S&B’s role in the transaction Tim Monod, Company Secretary of Veolia Water Central Limited, said: “Stevens & Bolton worked closely with the regulated company boards on the transaction, providing first class support and advice.”

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