Asset manager acquires Drumglass schools PFI

23 October 2012 UK asset manager, Foresight Group, has completed the acquisition of Northern Ireland’s Drumglass school PFI.

This week the company acquired the equity and loan note interests from Semperian PPP Investment Partners, for the high school PFI project, on the back of cash raised from its infrastructure Venture Capitalist Trust (VCT) shares.

The project is a 26-year concession to design, build, finance and maintain a 6,800 sq m secondary school in Dungannon, Northern Ireland. Construction was completed in 2000.

Foresight raised in excess of £33m for its infrastructure VCT Shares, the largest in the 2011-2012 tax year. The company intends to use these funds to invest in secondary market PFI and wider infrastructure projects.

This page was last updated on:
29 April 2017.

thumb

Here we go again

UK Prime Minister Theresa May’s decision to call a General Election creates further uncertainty and delay – just as the country’s infrastructure market thought it might be getting somewhere

thumb

World View

Laurence Carter, senior director of the World Bank’s PPP group, tells Amanda Nicholls about a new culture of collaboration between the development agencies

register

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

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