HICL Infrastructure Company Ld Incremental Investment (2331B)
03 April 2017 - 5:00PM
UK Regulatory
TIDMHICL
RNS Number : 2331B
HICL Infrastructure Company Ld
03 April 2017
3 April 2017
HICL Infrastructure Company Limited
Incremental Investment
HICL Infrastructure Company Limited ("HICL" or the "Company"),
the listed infrastructure investment company advised by InfraRed
Capital Partners Limited, is pleased to announce the completion of
an incremental investment of GBP7.5m in the Medium Support
Helicopter Aircrew Training Facility project.
HICL has invested GBP7.5m by way of an RPI-linked note to fund
an upgrade in the visual systems in the simulators, keeping the
facility at the leading edge of technology and capability. The
improvements will ensure that the military personnel who use the
simulators are able to receive the best possible training. The
upgrade to the visual system is being carried out by CAE Inc.,
which is the partner on the project.
The investment by the HICL Group was funded through cash
resources arising from the Company's recent equity fundraising.
-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
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 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 114 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
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 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.
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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