Secondary Market Infrastructure Fund UK LP / South Downs Capital, parent company of Portsmouth Water

OFT closed case: Completed acquisition by Secondary Market Infrastructure Fund UK LP of an interest in South Downs Capital, parent company of Portsmouth Water.

Affected market: Water

No. ME/1703/05

On the basis of the information available to it, the OFT has decided that the completed acquisition by Secondary Market Infrastructure Fund UK LP of an interest on South Downs Capital does not qualify for investigation under the mergers provisions of the Enterprise Act 2002 (the Act), because neither the UK turnover test nor the share of supply test in section 23 of the Act is met.  A relevant merger situation has, therefore, not been created.

A mandatory reference under the Water Industry Act 1991 is not triggered as only one water enterprise is involved in this transaction.

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