Acquisition of a new investment

RNS Number : 5512V

HICL Infrastructure Company Ld

19 April 2016

 

19 April 2016

HICL Infrastructure Company Limited

Acquisition of a new investment

HICL Infrastructure Company Limited, the listed infrastructure investment company advised by InfraRed Capital Partners Limited, is pleased to announce the acquisition of a 30% interest in the M1-A1 Link Road (Lofthouse to Bramham) DBFO Road Project from Balfour Beatty plc for £14.5m.

The Project is a 30 year shadow toll PFI concession for the design, construction, financing, operation and maintenance of a motorway linking the M1, M621 and M62 motorways to the south of Leeds and the A1(M) south of Wetherby. The Project reached Financial Close in March 1996 and the concession is due to end in March 2026. Operation and maintenance of the motorway is undertaken by Balfour Beatty Civil Engineering Limited.

The consideration paid by the HICL Group for the investment was funded from existing cash resources.

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Enquiries

InfraRed Capital Partners Limited                            [phone]

Tony Roper
Keith Pickard
Laurence Richardson
Harry Seekings

Tulchan Communications                                            [phone]

David Lloyd-Seed
Latika Shah

Canaccord Genuity Limited                                         [phone]

Dominic Waters
Neil Brierley
Will Barnett
David Yovichic

HICL Infrastructure Company Limited

HICL Infrastructure Company Limited ("HICL" or the "Company", and together with its subsidiaries the "HICL Group") is a long term investor in infrastructure projects which are predominantly in their operating phase and yielding steady returns. It was the first infrastructure investment company to be listed on the London Stock Exchange. With a current portfolio of 103 social and transportation infrastructure investments with predominantly availability-based income streams, it is seeking further suitable investment opportunities which fit its stated Investment Strategy.

Further details can be found on the HICL website, www.hicl.com.

Investment Adviser

The Investment Adviser to HICL is InfraRed Capital Partners Limited ("InfraRed") which has successfully invested in over 160 infrastructure projects since 1997. InfraRed is a leading international investment manager focused on infrastructure and real estate. It operates worldwide from offices in London, Hong Kong, New York, Paris, Seoul and Sydney. With over 120 professionals it manages in excess of USD 9bn of equity capital in multiple private and listed funds, primarily for institutional investors across the globe. InfraRed is authorised and regulated by the Financial Conduct Authority.

The infrastructure investment team at InfraRed consists of over 50 investment professionals, all with an infrastructure investment background and a broad range of relevant skills, including private equity, structured finance, construction, renewable energy and facilities management.

Further details can be found on InfraRed's website, www.ircp.com.

 

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