HICL Infrastructure to merge with The Renewables Infrastructure Group in a $5.2bn deal.

HICL Infrastructure, a closed-ended investment company focused on essential infrastructure assets, agreed to merge with The Renewables Infrastructure Group, a closed-ended investment company focused on renewables assets, in a $5.2bn deal. "The combination of HICL and TRIG represents a unique opportunity to capture the key megatrends shaping the infrastructure market today, which increasingly straddle both core infrastructure and the energy transition. By combining two complementary portfolios and teams, the combined company will have the profile, expertise and access to capital to seek enhanced returns from a reinvigorated investment strategy," Mike Bane, HICL Chair.