Ancala acquires Portsmouth Water
– London, 19th February 2018 – Ancala Partners LLP (‘Ancala’), the independent mid-market infrastructure investment manager, today announces that it has agreed to acquire South Downs Capital Limited, the ultimate parent company of Portsmouth Water, one of the UK’s leading water utility companies. The acquisition is expected to complete in March 2018.
Portsmouth Water is an independent provider of high quality public water supplies to a domestic population of over 700,000, and wholesale water supplies to a wide range of industrial and commercial customers. The company offers customers the lowest bills in the UK water sector and is a leading performer under the Service Incentive Mechanism1, a measurement of customer service assessed by Ofwat, the UK water industry regulator.