The water company said the decision not to proceed with the equity raise created uncertainty around its plan to stay afloat, raising the prospect of nationalization.
Thames Water could be on the verge of being renationalised after its preferred funding partner, US private equity giant KKR, has decided to walk away. KKR was selected as "preferred partner" in March after it offered to put £4 billion into the company, but despite the US firm completing due diligence stage and preparing a funding plan, it has now "indicated that it will not be in a position to proceed", the UK's largest water company said in a statement.
KKRT offers a 6.875% nominal yield, a BBB+ rating, and is fairly priced relative to KKR's senior debt and sector peers. KKR has outperformed both the S&P 500 and asset manager peers over the past decade, but its debt interest coverage requires monitoring. ETF inclusion, particularly in PFF, could drive short-term price appreciation for KKRT, creating a technical buying opportunity.
![]() KKR 3 months ago Paid | Quarterly | $0.17 Per Share |
![]() KKR 6 months ago Paid | Quarterly | $0.17 Per Share |
![]() KKR 9 months ago Paid | Quarterly | $0.17 Per Share |
![]() KKR 10 May 2024 Paid | Quarterly | $0.17 Per Share |
![]() KKR 15 Feb 2024 Paid | Quarterly | $0.17 Per Share |
29 Apr 2025 Date | | - Cons. EPS | - EPS |
4 Feb 2025 Date | | 1.28 Cons. EPS | 1.32 EPS |
6 Nov 2024 Date | | 1.21 Cons. EPS | 1.38 EPS |
24 Oct 2024 Date | | 1.21 Cons. EPS | 1.38 EPS |
5 Aug 2024 Date | | - Cons. EPS | - EPS |
![]() KKR 3 months ago Paid | Quarterly | $0.17 Per Share |
![]() KKR 6 months ago Paid | Quarterly | $0.17 Per Share |
![]() KKR 9 months ago Paid | Quarterly | $0.17 Per Share |
![]() KKR 10 May 2024 Paid | Quarterly | $0.17 Per Share |
![]() KKR 15 Feb 2024 Paid | Quarterly | $0.17 Per Share |
29 Apr 2025 Date | | - Cons. EPS | - EPS |
4 Feb 2025 Date | | 1.28 Cons. EPS | 1.32 EPS |
6 Nov 2024 Date | | 1.21 Cons. EPS | 1.38 EPS |
24 Oct 2024 Date | | 1.21 Cons. EPS | 1.38 EPS |
5 Aug 2024 Date | | - Cons. EPS | - EPS |
Asset Management Industry | Financial Services Sector | Mr. Joseph Y. Bae CEO | NYSE Exchange | 48251W104 Cusip |
US Country | 4,834 Employees | - Last Dividend | - Last Split | 15 Jul 2010 IPO Date |
KKR & Co. Inc. stands as a prominent investment firm with a keen focus on private equity and real estate investments. Through its diverse strategies, it engages in a variety of investment activities, including direct investments and fund of funds. The company's investment approach is characterized by a mix of acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature investments, mezzanine financing, distressed and turnaround situations, as well as investments in lower middle market and middle market segments. KKR & Co. Inc. prides itself on its versatility, with interests spanning across numerous industries, making it a comprehensive and dynamic player in the investment space.
The investment offerings of KKR & Co. Inc. are wide-ranging and tailored to meet the intricate needs of various sectors: