Macquarie-led Consortium Acquires Thames Water From RWE AG

Thames Water, the largest water and sewage service provider in the United Kingdom supplying drinking water to eight million customers and sewage services to 13 million customers, was acquired by a Macquarie-led consortium on December 1, 2006. The transaction has an enterprise value of £8 billion (£4.8 billion share price and £3.2 billion assumed debt).

Blake, Cassels & Graydon LLP, Lawson Lundell LLP and Osler, Hoskin & Harcourt LLP advised three major Canadian institutional investors on investments in the acquiring of Thames Water from RWE AG.

The Blakes lawyers were Anne Stewart, Q.C., David Zacks, Q.C. and Bahar Hafizi of the Vancouver office. The Lawson Lundell's lawyers were Reinhold Krahn and Jill Swanston of the Vancouver office and Kenneth Flowers of the Calgary office. The Osler lawyers were Chris Murray, Rob Hughes, David Tetreault and Paul Litner of the Toronto office.