18 December 2019
HICL Infrastructure PLC
Investment Manager
The Board of Directors of HICL Infrastructure PLC ("HICL" or the "Company" and, together with its subsidiaries, the "Group") notes the announcement made today regarding Sun Life Financial's acquisition of a majority stake in the ultimate parent company of InfraRed Capital Partners Limited ("InfraRed"), the Company's Investment Manager.* The transaction is part of InfraRed's strategy to grow its infrastructure investment business in North America, with a focus on investing in renewable energy. For more information see www.ircp.com/news.
The Board notes InfraRed's statement and has been assured that the transaction will not affect InfraRed's continued performance of its role as Investment Manager and Operator of the Group's portfolio; and that InfraRed's management resources and support for HICL will be unaffected.
* The transaction is subject to regulatory approvals and customary conditions to closing.
Enquiries
InfraRed Capital Partners Limited +44 (0) 20 7484 1800
Harry Seekings
Keith Pickard
Kirsty MacCallum
Teneo +44 (0) 20 7420 3169
Robert Morgan
Haya Herbert-Burns
Investec Bank plc +44 (0) 20 7597 4000
David Yovichic
RBC Capital Markets +44 (0) 20 7653 4000
Darrell Uden
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 over 100 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 175 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 85 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.
