EQT has agreed to acquire a 42 percent stake in Kelda Holdings, the parent company of Yorkshire Water, through its EQT Active Core Infrastructure strategy.
The transaction comes as the U.K. water sector enters a new investment cycle following the latest regulatory price review, with utilities increasing capital spending to improve service quality, environmental outcomes and infrastructure resilience. Following completion, EQT will partner with existing shareholders and the company’s management team to support operational improvements and long-term infrastructure investment. The firm also plans to commit additional equity to strengthen the company’s balance sheet and support future capital investment.
Yorkshire Water provides water and wastewater services to approximately 5.5 million customers across the Yorkshire region of the U.K., serving more than two million households and around 140,000 businesses. The utility operates nearly 700 treatment works, 120 reservoirs, and over 83,000 kilometers of water mains.