HICL Infrastructure Company Limited (LSE:HICL), fund managed by InfraRed Capital Partners, acquired 50% stake in Prime LIFT Investments Limited from Barclays European Infrastructure Fund II, fund managed by Barclays Infrastructure Funds Management Ltd for £16.5 million on October 17, 2012. HICL Infrastructure also acquired 75% loan note interest in Prime LIFT from Barclays European Infrastructure Fund II (50%) and Prime Plc (25%). In a related transaction, HICL Infrastructure acquired an additional 9% stake in Connect Project in cash on October 19, 2012. The total considerations for the two acquisitions were £33.8 million. The acquisitions were funded from HICL Infrastructure's existing cash and debt resources. Tony Roper, Keith Pickard and Robin Hubbard of InfraRed Capital Partners Limited and Dominic Waters, Neil Brierley, Will Barnett and David Yovichic acted as financial advisors for InfraRed Capital Partners Limited. Ed Orlebar and Rebecca Scott of Tulchan Communications acted as public relation advisors for InfraRed Capital Partners.


HICL Infrastructure Company Limited (LSE:HICL), fund managed by InfraRed Capital Partners, completed the acquisition of 50% stake in Prime LIFT Investments Limited from Barclays European Infrastructure Fund II, fund managed by Barclays Infrastructure Funds Management Ltd, on October 17, 2012.