The infrastructure investment manager of the Ontario Municipal Employees Retirement System has joined a consortium that’s investing in Britain’s largest water company.

OMERS’ Borealis Infrastructure and Wren House Infrastructure Management Ltd., the infrastructure investing arm of the Kuwait Investment Authority, will be acquiring a 26 per cent stake in Kemble Water Holdings Ltd. from Macquarie Infrastructure and Real Assets.

The parties haven’t disclosed financial details of the transaction.

Read: OMERS’ 2016 return climbs to 10.3%

Kemble Water Holdings owns Thames Water Utilities Ltd., Britain’s largest water and wastewater services provider, serving 15 million people across London, the Thames Valley and surrounding areas.

“Thames Water is the U.K.’s largest water company, a crucial provider of public utility services to almost a quarter of the U.K.’s total population,” said Ralph Berg, executive vice-president and global head of infrastructure at OMERS Private Markets. “The geographical area the company serves is amongst the most densely populated and economically vibrant in Europe and Thames Water’s commitment to deliver high quality customer service and value for money will receive our full support.”

Read: Canada should make more infrastructure deals available given success so far

Copyright © 2017 Transcontinental Media G.P. Originally published on benefitscanada.com

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