Charterhouse favourite for £500m United Utilities sale
Charterhouse Capital Partners is understood to have gained the edge on a ТЃ500m bid for utility company United Utilities Contract Solutions (UUCS).
The sale, which is being run by JP Morgan Cazenove, has reportedly attracted interest from firms including 3i, Advent International and KKR.
The company provides metering, waste treatment and connections for utility companies. UUCS is a non-regulated business that belongs to United Utilities, the UK's largest listed water company.
The planned sale is part of the group's plan to cut down costs and improve its balance sheet.
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