3i Infrastructure has agreed to sell the U.K. assets in its projects portfolio to several buyers, including funds managed by Dalmore, Semperian and Innisfree, for £194 million ($254 million).
The decision was made on the heels of a strategic review of the portfolio, which follows completion of all of the projects’ construction.
“Our review of the role of operational projects in our portfolio concluded that it was in the best interests of shareholders to sell these assets and realize the value uplift now that they have all entered stable operations,” said Richard Laing, chair of 3i Infrastructure. “We consider that the prices achieved are attractive.”
Projects included in the deal include 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, and an interest in the Dalmore Capital Fund. Completion of the sale is expected to take
