According to information obtained by News, BlackRock’s private markets division is one of the last contenders for the Leeds-based Lanes Group.
Banking sources claim that Lanes Group is worth up to £350 million.
BlackRock has started to participate in bidding processes more frequently than traditional private equity firms.
Over the past ten years, the massive, New York-listed company led by chairman Larry Fink has grown to handle an astounding $10.65 trillion in assets.
The public’s outrage over waste and pollution levels has put the business under tremendous pressure from the incoming Labour government, industry regulator Ofwat, and other stakeholders.
Thames Water is fighting to stay out of temporary nationalisation because, barring further equity raising, it will run out of money in ten months.
Lanes Group could not be reached for comment, and Blackrock declined to comment.
