Attendance does not necessarily mean that the companies have financial exposures to Thames Water, although the class A group also contains hedge funds such as Elliott Investment Management and Silver Point Capital, while the class Bs include Polus Capital and Covalis Capital.
But a recent court case over Thames Water’s debts was not concerned with the flow of water and effluent so much as the flow of money.
Feeding frenzy: how army of advisers is making millions from Thames Water Court case points to sizeable fees being racked up as firm seeks £3bn loan to try to avoid temporary nationalisation.
Thames Water has also hired the investment bank Rothschild & Co to try to find new equity investors to take over ownership, while rival Moelis & Company is advising the bondholders of its parent company Kemble.
She said the court should reject the debt deal in favour of special administration to limit the flow of money from Thames Water.
