HICL Infrastructure Company Ld Completion of Acquisition (7022F)
May 22 2017 - 1:00AM
UK Regulatory
TIDMHICL
RNS Number : 7022F
HICL Infrastructure Company Ld
22 May 2017
22 May 2017
HICL Infrastructure Company Limited
Completion of Acquisition
HICL Infrastructure Company Limited ("HICL" or the "Company"),
the listed infrastructure investment company advised by InfraRed
Capital Partners Limited ("InfraRed"), is pleased to announce that
it has completed the acquisition of a 36.6% equity interest in the
various entities that comprise the Affinity Water Group ("Affinity
Water") (including the regulated entity, Affinity Water
Limited).
The details of the transaction were announced by the Company on
2 May 2017.
HICL is in advanced discussions to sell down a GBP25 million
portion of this investment to a small group of co-investors,
comprising UK local authority pension funds. This exemplifies the
Group's strategy of building strategic relationships with aligned
co-investors in order to enable HICL to manage its portfolio
exposure to larger investment opportunities. The sell down is
expected to complete in the next few weeks and will leave HICL with
a 33.2% equity interest in Affinity Water and a net funding
requirement of approximately GBP205m.
-ends-
Enquiries
InfraRed Capital Partners Limited +44 (0) 20 7484 1800
Tony Roper
Keith Pickard
Harry Seekings
Tulchan Communications +44 (0) 20 7353 4200
David Allchurch
Latika Shah
Canaccord Genuity Limited +44 (0) 20 7523 8000
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 assets which are predominantly
operational and yielding steady returns. It was the first
infrastructure investment company to be listed on the London Stock
Exchange. With a current portfolio of 115 infrastructure
investments, HICL is seeking further suitable opportunities, which
are positioned at the lower end of the risk spectrum, in three
target markets segments: PPPs; regulated assets; and demand-based
assets.
Further details can be found on the HICL website,
www.hicl.com.
Investment Adviser (InfraRed Capital Partners)
The Investment Adviser to HICL is InfraRed Capital Partners
Limited ("InfraRed") which has successfully invested in over 200
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, 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 60
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.
InfraRed implements best-in-class practices to underpin asset
management and investment decisions, promotes ethical behaviour and
has established community engagement initiatives to support good
causes in the wider community. InfraRed is a signatory of the
Principles of Responsible Investment.
Further details can be found on InfraRed's website,
www.ircp.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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