HICL Infrastructure Company Limited (LSE:HICL), managed by InfraRed Capital Partners agreed to acquire 50% stake in University of Sheffield Accommodation Project from HSBC Infrastructure Fund II of InfraRed Capital Partners on February 26, 2013. In a related transaction, HICL Infrastructure Company Limited (LSE:HICL) managed by InfraRed Capital Partners acquired 39% stake in South West Hospital Enniskillen PFI project from FCC Elliott UK Limited on May 28, 2013. HICL paid a combined consideration of £41.6 million to the vendors for the two acquisitions. As of March 20, 2013, the transaction was approved by the Board of HICL Infrastructure. The transaction is subject to certain third party approvals and consents. Robbie Robertson, Dominic Waters, Neil Brierley, Will Barnett, David Yovichic and Lucy Lewis of Canaccord Genuity Limited acted as financial advisors to InfraRed Capital Partners.

HICL Infrastructure Company Limited (LSE:HICL), managed by InfraRed Capital Partners completed the acquisition of 50% stake in University of Sheffield Accommodation Project from HSBC Infrastructure Fund II of InfraRed Capital Partners for £20.8 million on May 28, 2013. HICL Infrastructure Company Limited acquired a 50% equity and loan note interest.