HICL Infrastructure PLC Disposal of an investment (5905Q)
March 01 2021 - 01:00AM
UK Regulatory
TIDMHICL
RNS Number : 5905Q
HICL Infrastructure PLC
01 March 2021
01 March 2021
HICL Infrastructure PLC
("HICL" or "the Company" and, together with its subsidiaries,
"the Group"), the London-listed infrastructure investment company
managed by InfraRed Capital Partners Limited ("InfraRed" or "the
Investment Manager".)
Disposal of an investment
HICL is pleased to announce that the Group has entered into an
agreement to divest its entire equity and subordinated debt
interests in the South East London Police Stations PPP project. The
consideration is c. GBP27m and the disposal is expected to complete
during Q1 2021.
The disposal is in line with HICL's ongoing strategy of
portfolio optimisation, delivering incremental value to
shareholders through strategic disposals that are accretive to key
investment metrics and benefit overall portfolio construction.
Harry Seekings, Head of Infrastructure at InfraRed Capital
Partners Limited, said:
"This transaction reflects a continuation of HICL's strategy to
pursue selective disposals where they are accretive to the Group's
portfolio and deliver value to shareholders. The proceeds provide
further capacity to pursue HICL's attractive pipeline of investment
opportunities."
-ends-
Enquiries
InfraRed Capital Partners Limited +44 (0) 20 7484 1800
Harry Seekings
Keith Pickard
Edward Hunt
Teneo +44 (0) 20 3757 9257
Haya Herbert-Burns
Investec Bank plc +44 (0) 20 7597 4952
David Yovichic
RBC Capital Markets +44 (0) 20 7653 4000
Matthew Coakes
HICL Infrastructure PLC
HICL Infrastructure PLC ("HICL") 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 117 infrastructure investments, HICL
is seeking further suitable opportunities, which are positioned at
the lower end of the risk spectrum, in three target markets
segments: PPP projects; regulated assets; and demand-based
assets.
Further details can be found on the HICL website www.hicl.com
.
Investment Manager (InfraRed Capital Partners)
The Investment Manager 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 160 professionals it manages
in excess of US$12bn 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
90 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
.
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END
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