Announced
Completed
Synopsis
InfraRed-backed HICL Infrastructure, an infrastructure investment company, completed the acquisition of a remaining stake in Holdfast Training Services, a provider of training and training support services for military engineers, from Babcock International Group, a provider of critical, complex engineering services, for $108m. "These investments align with HICL's strategy of investing in essential core infrastructure, with a strong social purpose, delivering long-term returns. The Walney OFTO is supporting the UK's transition to a low carbon future through the provision of green energy to over 600,000 UK homes, while the RSME PPP supports access to high quality education and training to approximately 7,000 service personnel annually for the Ministry of Defence. Both investments are accretive to the existing portfolio, particularly in relation to their forecast yield," Harry Seekings, InfraRed Co-Head of Infrastructure.
Show Details & Financials
Did you work on this deal?
Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.
Sort
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.