Sweett makes further disposal

19 September 2012 Sweett Group has continued its policy of divesting its stakes in private finance deals, selling its share in the Plymouth Lift company.
It has sold its 19% holding in the company to investor Equitix for £700,000.

The firm said the sale is part of its strategy “to capitalise on the value of its existing PFI investment portfolio in order to reinvest in the further development of its core business operations”.

The group has pledged to stop investing equity in future PFI and PPP deals, as it refocuses its operations on its core businesses, including consultancy work for private finance projects.

In July, Sweett Group sold its stake in the Inverclyde Schools PFI project, also to Equitix, and remains determined to sell off its Dumfries and Galloway PFI deal despite a proposed sale falling through.

This page was last updated on:
6 May 2016.

thumb

Keeping positive

The troubles afflicting Edinburgh’s PPP schools should not detract from what the best examples of the model can offer

House of Funds

Michael Ryan formed Dalmore Capital just when the economy and the PPP pipeline was flatlining. He tells Amanda Nicholls how the fund manager has come out the other side

register

Register now to get un-restricted access to all sections of the website.

Want to see more first? Try our free preview...