3i Infrastructure plc to sell UK assets to Dalmore, Semperian and Innisfree

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3i Infrastructure plc announced that it has agreed to sell the UK assets in the portfolio to various buyers including funds managed by Dalmore, Semperian, and Innisfree. Proceeds to 3i Infrastructure will be c. GBP 194 million (US$ 214.63 million). Completion is expected to take place before the end of the financial year.

The strategic review followed the completion of the construction phase for all projects in the portfolio. The UK Projects being sold comprise stakes in Ayrshire College, Elgin (a vehicle holding 16 project investments), Mersey Gateway Bridge, Octagon Hospital, the West of Duddon Sands offshore transmission owner project, as well as an interest in the Dalmore Capital Fund. Separately, the Company is also exploring the potential sale of the European assets in its projects portfolio.

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