EQT acquires 42% stake in Kelda Holdings, parent company of Yorkshire Water

EQT Active Core Infrastructure secured a 42% stake in Kelda Holdings, the parent company of Yorkshire Water, on 2026-03-09, establishing a significant foothold in the regulated UK water sector. This substantial minority interest positions EQT to lead sustainable operational improvements for a utility serving 5.5 million customers across Yorkshire. The investment aligns with EQT Active Core Infrastructure's focus on mature, lower-risk infrastructure assets, providing exposure to stable revenue streams from essential services in the United Kingdom. EQT's mandate, managing approximately $5.4 billion, targets assets across digital and energy transition, making this water utility a diversification into another core infrastructure vertical. While the deal value remains undisclosed, EQT's ability to drive change within Kelda Holdings suggests a long-term strategy focused on enhancing efficiency and service for Yorkshire Water's 5.2 million customers and 140,000 businesses. This co-ownership structure allows EQT to deploy its operational expertise without acquiring full control of the extensive network operated by Kelda Holdings. EQT Active Core Infrastructure, managing approximately $5.4 billion, diversifies its focus beyond digital and energy transition assets with this investment in Kelda Holdings. The acquisition provides EQT with a stake in a critical utility serving 5.2 million customers and 140,000 businesses across Yorkshire, United Kingdom. Kelda Holdings, as the parent company of Yorkshire Water, operates an extensive network, offering EQT a stable, regulated asset base. This transaction demonstrates the ongoing appeal of essential services infrastructure in developed markets for long-term capital.