So much for the Barbarians riding to the rescue of poor benighted Thames Water. KKR, the New York firm often portrayed as a take-no-prisoners corporate raider, took a close look at Britain’s biggest water supplier — and decided even they did not fancy it.
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 entirely clear.
