The Renewables Infrastructure Group (TRIG) and HICL Infrastructure — both backed by InfraRed Capital Partners — are in talks to merge and create the United Kingdom’s largest listed infrastructure investment company with more than £5.3 billion ($7 billion) in net assets.
The combined company will have an enhanced investment mandate covering the full spectrum of infrastructure opportunities, enabling investment across core and renewables sectors, opening access to new growth assets and subsectors aligned with key infrastructure megatrends. The combination creates a market leader best positioned to invest across megatrends, representing a combined portfolio value of £6.2 billion ($8 billion).
The boards of HICL and TRIG announced on Nov. 17 that they had signed detailed heads of terms in relation to a combination following extensive engagement between the two companies and a positive market sounding with large shareholders of both companies. The boards believe the
