October 29, 2007 / 8:59 AM / 11 years ago

Arcapita sells South Staffs water to Alinda

LONDON (Reuters) - Bahrain-based investment firm Arcapita said on Monday it had sold water company South Staffordshire to private investment firm Alinda Capital Partners.

Arcapita declined to put a value on the deal with Alinda’s infrastructure fund. However, an industry source said the sale was for around 400 million pounds.

Arcapita bought South Staffordshire in 2004 for around 245 million pounds.

Dresdner Kleinwort advised Arcapita on the deal, while RBC Capital Markets acted for Alinda.

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