28 March 2019
HICL Infrastructure Company Limited
Update on New Investment
HICL Infrastructure Company Limited ("HICL" or the "Company" and, together with its subsidiaries, the "Group"), the listed infrastructure investment company advised by InfraRed Capital Partners Limited ("InfraRed"), makes the following statement regarding the New Investment in the Netherlands, announced on 18 March 2019.
Further to the Group's investment in the Breda Court PPP Project in the Netherlands, HICL is continuing its partnership with Macquarie in the Netherlands by acquiring certain rights to make an investment in the Blankenburg Connection PPP project. Macquarie, in cooperation with InfraRed's asset management team, will retain lead responsibility for active management during the construction of the project. Under the arrangement, the Group has committed to invest circa £50m in the form of a deferred equity subscription.
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Enquiries
InfraRed Capital Partners Limited +44 (0) 20 7484 1800
Harry Seekings
Keith Pickard
Tulchan Communications +44 (0) 20 7353 4200
David Allchurch
Sheebani Chothani
Canaccord Genuity Limited +44 (0) 20 7523 8000
David Yovichic
RBC Capital Markets +44 (0) 20 7653 4000
Darrell Uden
HICL Infrastructure Company Limited
HICL Infrastructure Company Limited ("HICL" or the "Company", and together with its subsidiaries the "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 118 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 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 140 professionals it manages in excess of US$10bn 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. InfraRed has been appointed as the alternative investment fund manager of HICL UK.
The infrastructure investment team at InfraRed consists of over 75 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.
