HICL invests in hospital and school projects

21st Oct 2013 07:04

HICL Infrastructure has invested in two social infrastructure projects in the UK that will build a new children's hospital and four new secondary schools.The investment firm has paid a combined £9.2m for a 50% shareholding in the Brighton Children's Hospital Project and a 29.1% stake in the Falkirk Schools NPD Project.HICL said that the consideration, funded by existing cash resources, was in line with the current valuation of similar projects in its portfolio. It now has 91 infrastructure investments in its portfolio.Tony Roper, a director of HICL's investment adviser InfraRed Capital Partners Limited, said: "The group has a healthy pipeline of further investment opportunities which the InfraRed team is carefully evaluating and we are confident of securing further investments in line with the group's investment strategy."BC