Macfarlanes advises Portsmouth Water owner on acquisition by Ancala Partners

27 February 2018

Macfarlanes has advised the majority shareholder in South Downs Capital Limited, the parent company of Portsmouth Water, on its acquisition by infrastructure investment manager Ancala Partners. 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 individuals, and wholesale water supplies to a wide range of industrial and commercial customers in Portsmouth and the surrounding area.

The Macfarlanes team for the matter was led by corporate and M&A partner Justin Hope alongside litigation partner Jonathan Arr and tax partners Jeremy Moncrieff and Rob Collard. Further assistance came from corporate and M&A senior solicitor Ceri-Ann McGraa, litigation solicitor Melody Munro, tax senior solicitor Sarah Shucksmith and tax solicitor Florence Barnes.

Justin Hope comments: “We are delighted to have acted on this historic transaction for Portsmouth Water and look forward to seeing the business continue to deliver on its strategy to be the best water company in the UK.”