Thames Water’s 6 bidders include Stonepeak and distressed specialist FitzWalter

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The Thames Water has received the initial equity bid from teams that include one of the largest infrastructure investors in the United States and London -based poor wealth investors.

London and its surrounding 16 million families served and are screaming under the $ 20 billion, this tieering utility, Says Tuesday That “was received from six parties in the case of Equity Rise” through which it was trying to raise billions of pounds to break it.

Among the six parties in the new equity supply to Thames are the US Private Equity Farm KKR, Hong Kong’s infrastructure investor CKI, Hedge Fund Covalis Capital and Castle Water, London’s business water service provider. These four teams are most committed to this process, according to several people familiar with the subject.

Other bidians are Stonpec, a US infrastructure investor that operates over $ 70bn and a London -based fund is Fitzwalter Capital, which is according to the people.

These initial bids are not compulsory and no scenario requires commitment, some parties choose to stay in the process even though they find a final firm bid impossible.

“Everyone sees something good is hanging around the hoop,” said a man near the process. “

Two people on the subject said that StonePake was less interested in buying Thames than Stonpek KKR and CKI, after which it submitted a proposal that indicates that it would be Inject £ 7bn In the near-inspiring utility.

Fitswalter, already, was anonymous party Thames “The intention of being parted with investors as well as submitting a proposal for minority equity, and not determining the financial metrics”.

Stonepek and Fitzwalter refused to comment.

Fitzwalter Thames Water owners of the lower-ranked class B bond, which has agreed with the utility high-level credit, can maintain heavy damage under the £ 3BN LOAN agreement.

Cavalis is also the owner of some of these junior bonds. London -based agencies, which are focused on investment in infrastructure related resources Has been highly criticized Thames Water and its adviser Rothschild and Co the Equity Rise process.

Thames Water is in danger of cash from cash and is trying to approval to access money from bondholders to its £ 3 billion rescue loan More legal challenges of potential In the controversial package.

Utility says it is hopeful to agree to the terms of the equity growth in late June because it wants to turn towards its money.

Except for the six equity prices, bondholders in high-ranking class of utility have indicated that they are preparing a backup creditor bid when the equity rise fails. These bondholders include Eliot Management and US funds like this PimomoThe

Thames Water said on Tuesday that some bid credit would give them the opportunity to invest in the utility in writing in writing in writing as their debt value.

Thames Water refused to comment.