UK Investor Takes Stake In Hornsea Two Transmission Assets
The title of this post, is the same as that of this article on offshoreWIND.biz.
This is the sub-heading.
London-based international investor and manager, John Laing Group, has acquired a stake in the transmission assets for the 1.3 GW Hornsea Two offshore wind farm in the UK, as part of a portfolio acquisition from HICL Infrastructure.
These two paragraphs outline the deal.
John Laing Group has agreed to acquire HICL Infrastructure’s entire equity interest in four UK public-private partnership projects, including a 37.5 per cent stake in the Hornsea Two offshore transmission assets for a total consideration of GBP 204 million (EUR 236 million).
All five acquisitions are expected to be completed before the end of March 2024.
I wrote World’s Largest Wind Farm Attracts Huge Backing From Insurance Giant in November 2018.
Funds and investors with money don’t seem to be losing their appetite for assets, that can provide a regular income.
The Anonymous Widower 
I do find offshoreWIND’s title a bit odd in that it says that a “UK Investor takes a stake…..”. OK HICL are domiciled in Guernsey but they are quoted on the London Stock Exchange and are ultimately owned by private equity company Infrared Capital Partners, however they hold over 60% of their assets in the UK.
John Laing Infrastructure Fund, a company I used to have shares in was taken over by Dalmore Capital another private equity business who opted to take them private.
It seems to me that the small individual investor is losing out when it comes to trying to maintain a regular income as private equity has muscled its way into the sector.
Comment by fammorris | September 28, 2023 |