HICL Infrastructure Company Limited (LSE:HICL), managed by InfraRed Capital Partners and Kajima Partnerships Limited acquired 37.5% stake in West Lothian Schools PFI Project from Dawn Construction Ltd on December 13, 2012. HICL Infrastructure Company Limited funded the acquisition from its existing cash and debt resources. In a related transaction, HICL Infrastructure Company Limited (LSE:HICL), managed by InfraRed Capital Partners, acquired Edinburgh Schools PFI Project and Perth & Kinross Schools PFI Project from EISER Infrastructure Partners LLP. The combined consideration for acquisitions is £75 million including the £12.7 million future loan note subscription obligation. Ed Orlebar and Rebecca Scott of Tulchan Communications acted as public relation advisors, Dominic Waters, Neil Brierley, Will Barnett and David Yovichic of Canaccord Genuity acted as financial advisors for InfraRed Capital Partners. Tony Roper, Keith Pickard and Robin Hubbard of InfraRed Capital Partners, advisory arm acted as investment advisors for InfraRed Capital Partners.

HICL Infrastructure Company Limited (LSE:HICL), managed by InfraRed Capital Partners and Kajima Partnerships Limited completed the acquisition of 37.5% stake in West Lothian Schools PFI Project from Dawn Construction Ltd on December 13, 2012.