DIF Infrastructure IV and its consortium have completed the 100 percent acquisition of the Affinity Water Group. The acquisition follows the announcement made on May 2.
DIF’s share in the consortium is 26.9 percent, which in addition comprises Allianz Capital Partners on behalf of Allianz Group (36.6 percent) and HICL Infrastructure Company Limited, the listed infrastructure investment company advised by InfraRed Capital Partners Limited (36.6 percent).
Affinity Water is based in the United Kingdom. It owns and manages the water assets and network in an area of approximately 4,515 kilometers in the southeast of England, split over three regions, comprising eight separate water resource zones. The company is the sole supplier of drinking water in these areas. Affinity Water supplies, on average, 900 million liters of water a day to over 3.6 million people, serving 1.5 million homes and businesses, together with operating 98 water treatment works.
DIF is an