HICL Infrastructure tap issue £86m for acquisitions

Guernsey-domiciled infrastructure investment trust HICL is seeking to raise £86m in a share issuance.

The issuance is aimed at funding four acquisitions announced by the trust on July 1, with a funding requirement of £85m, and means the company “will be well placed to take advantage of further investment opportunities”.

The four deals will involve HICL taking stakes in ‘private finance initiative’ projects, including a hospital, a fire department, a social housing project and an army accommodation estate.

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HICL was launched in 2006 and has a market cap of more than £1.4bn.