HICL Infrastructure ups stake in Sussex police project
17th Dec 2012 09:58
HICL Infrastructure Company has acquired the remaining 10.1 per cent equity interest in the Sussex Police Authority Custody Centre's PFI Project. The project includes four new custody centres in Sussex for the Sussex Police Authority over a 30-year concession, due for completion on November 2032.
Read moreHalf year profits climb at HICL
21st Nov 2012 13:08
Investment infrastructure group HICL posted a strong rise in pre-tax profit in the half year ended September 30th, although earnings per share slipped 0.1p to 4.9p. Revenue profits before tax climbed from £15.7m to £22.0m, capital profit before tax increased from £15.0m to £20.2m, giving a total p
Read moreHICL sells stake in PFI project
19th Nov 2012 09:02
HICL Infrastructure Company has sold its 50 per cent equity and loan note interest in Doncaster Schools PFI (private finance initiative) project to Vinci Pensions, an affiliate of the co-shareholder Vinci. The group will earn £5.3m from the sale, which represents a small profit on the acquisition p
Read moreTuesday tips round-up: Aggreko, HICL, Senior
23rd Oct 2012 06:47
Tempus wonders if the market's long love affair with the Aggreko growth story is coming to an end. The company, which provides temporary power supplies both to emerging economies and to one-off events, such as t the Olympic Games rattled the markets on Friday. It increased the provision for bad de
Read moreHICL acquires interest in Fife Schools project
22nd Oct 2012 08:05
Infrastructure investment firm HICL has acquired a 30 per cent equity and loan note interest in the Fife Schools 2 project. The project is a 25-year concession to design, construct, finance and maintain nine primary schools and one special education needs facility, on eight sites in the Fife area
Read moreHICL invests in two local improvement companies
19th Oct 2012 08:12
Infrastructure investment firm HICL has acquired a 50 per cent equity and 75 per cent loan note interest in Prime LIFT Investments (PLI), a 60 per cent private-sector partner in two LIFT (Local Improvement Finance Trusts) companies, the Birmingham & Solihull LIFTCo and the Staffordshire LIFTCo. Th
Read moreHICL makes two small PFI investments
1st Oct 2012 07:26
Infrastructure investment firm HICL Infrastructure has made two new investments in private finance initiative (PFI) projects. The first purchase sees HICL taking total ownership of the Dorset Fire & Rescue PFI Project with the acquisition of Carden Croft's minority 33.0% equity and loan interest.
Read moreHICL on Sodexo spending spree
28th Aug 2012 08:29
HICL Infrastructure is to spend 10m pounds to take bigger holdings in four public/private partnership projects. The acquisition of further stakes in Romford Hospital, Fife Schools, Exeter Crown Courts and Stoke Mandeville Hospital will all come from subsidiaries of French firm Sodexo SA. The deal
Read moreHICL Infrastructure nabs new asset in the northwest
9th Jul 2012 07:47
HICL Infrastructure has bought yet another public finance initiative asset in the UK. This time the firm has spent £2.9m on a primary care facility in the north-west of England. The project offers a range of services including diagnostics, a GP practice and children's services. The construction co
Read moreThursday tips round-up: Bloomsbury, FirstGroup, HICL
24th May 2012 06:50
In the Telegraph, Questor wonders whether the publishers of the Harry Potter books, Bloomsbury, still has the magic touch. If it does, it will need to 'get with the programme' on digital platforms - so a 159 per cent increase in ebook sales last year is welcome news. Other impressive stats include
Read moreHICL Infrastructure says PFIs alive and well
23rd May 2012 08:16
Infrastructure projects investor HICL said the value of its portfolio increased by just over a third in the year to the end of march. The directors' valuation of the portfolio at the end of March stood at £902.0m, up 34% from the £673.1m valuation a year earlier. The company as a whole has a stock
Read moreHICL takes stake in Birmingham hospital project
21st May 2012 08:27
HICL Infrastructure, which invests in infrastructure projects, has taken a sizeable interest in the Birmingham New Hospitals public finance initiative (PFI) project. The firm is paying £34.6m to buy a 30% stake in the project from Royal Bank Project Investments, a fee which is in line with the curr
Read moreLondon open: Stocks flat with political uncertainty in focus
8th May 2012 08:40
- Greek and French elections raise concerns - Aviva up after CEO departure - Tullow rises after further oil find in Kenya After a long weekend, London's blue chips opened broadly flat on Tuesday morning with political concerns in Europe weighing on sentiment. Antonis Samaras from Greece's biggest
Read moreHICL buys stake in Colchester PFI project from Atkins
8th May 2012 08:05
HICL Infrastructure, the infrastructure investment firm, is now the majority stakeholder in the Colchester Garrison private finance initiative (PFI) project after buying up a stake from design and engineering consultancy WS Atkins. HICL has upped its stake in the project from 42% to 56% at a cost o
Read moreHICL shareholders get their fill
28th Mar 2012 07:52
Infrastructure investment firm HICL Infrastructure said that all shareholders who applied for shares in its open offer will have their applications allotted in full. Applications from existing shareholders were received in respect of 82.7m of the 111m convertible C shares available under the open o
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