DIF – ACQUISITION OF AFFINITY WATER
Allianz Capital Partners, HICL Infrastructure Company and DIF Infrastructure Fund IV have agreed to acquire 100% of Affinity Water, a water supply company. The total equity invested is GBP 735m. Including existing debt of around GBP 854m as of September 2016, the total enterprise value of Affinity is GBP 1.589bn. Sellers were Morgan Stanley Infrastructure Partners and InfraCapital.