The setback increases the possibility that the company will collapse into a government-supervised administration.

British utility Thames Water says a U.S. investment firm has dropped a rescue bid for the debt-burdened company.

Why KKR, which earned its Barbarians at the Gate reputation during the brutal takeover battle for biscuit maker RJR Nabisco in the late Eighties, walked away from the Thames Water fiasco it is not ...

KKR & Co. withdrew its bid to invest £4 billion ($5.4 billion) in Thames Water when the US infrastructure giant realized there was little upside to a deal, according to people familiar with the ...

Henry Kravis, one of KKR's co-founders, held talks with a senior Downing Street official at the weekend as a £4bn bailout of Thames Water hung in the balance, Sky News learns.

Britain's Thames Water, battling to avoid nationalisation, asked a group of senior creditors on Monday to allow it to draw ...

Thames Water said KKR KKR2.67%increase; green up pointing triangle pulled out of an equity raise at the U.K. utility, creating uncertainty around its plan to stay afloat and raising the prospect ...

Thames Water’s preferred bidder KKR & Co. has pulled out of a rescue deal in a major setback for the utility.. The US alternative asset manager “will not be in a position to proceed, and its ...

Thames Water customers face the prospect of a £230 jump in their annual bills to help secure its future, after a potential rescue deal collapsed. On Tuesday, private equity firm KKR abandoned plans ...

U.K. utility Thames Water said that KKR is no longer in the running for its equity raise, signaling further uncertainty around its recapitalization to stay afloat. The British company in March ...