M&A Deal Summary

HICL Infrastructure Acquires Alpha Schools

On March 25, 2013, infrastructure investor HICL Infrastructure acquired education company Alpha Schools from 3i Infrastructure for 21M GBP

Acquisition Highlights
  • This is HICL Infrastructure’s 1st transaction in the Education sector.
  • This is HICL Infrastructure’s largest (disclosed) transaction.
  • This is HICL Infrastructure’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2013-03-25
Target Alpha Schools
Sector Education
Buyer(s) HICL Infrastructure
Sellers(s) 3i Infrastructure
Deal Type Secondary Buyout
Deal Value 21M GBP

Target

Alpha Schools

London, United Kingdom
Alpha Schools (Highland) Limited is a GBP176m project to build 10 new schools in Scotland under a 30 year PFI contract and in which 3i Infrastructure Limited has committed to invest c.GBP7m. Construction has started and the target date for completion of all schools is 2010.

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Buyer(S) 1

Buyer

HICL Infrastructure

Investor Investor Investor Investor Investor

Category Infrastructure
Founded 2006
PE ASSETS 9.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

HICL is a long-term equity investor in social, transportation and similar infrastructure projects. The Firm will consider opportunities in developed markets such as the UK, North America, Australia/New Zealand, and certain countries in Europe. Target segments include public-private partnerships, regulated assets/utilities, and demand-based assets such as toll roads and housing. HICL was formed in 2006 and is headquartered in Guernsey, United Kingdom.

DEAL STATS #
Overall 1 of 3
Sector (Education) 1 of 1
Type (Secondary Buyout) 1 of 2
Country (United Kingdom) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-02 Northwest Parkway

Broomfield, Colorado, United States

Northwest Parkway is a nine mile toll highway that forms part of the beltway system extending around the Denver Metropolitan area. Northwest Parkway was founded in 2007 and is based in Broomfield, Colorado.

Buy -

Seller(S) 1

SELLER

3i Infrastructure

St Helier, Channel Islands

Investor Investor Investor Investor Investor

Category Infrastructure
Founded 2007
PE ASSETS 3.9B GBP
Size Large
Type Sector Focused
DESCRIPTION

3i Infrastructure plc is a listed infrastructure investment arm of 3i Group plc. 3i infrastructure invests mainly in Europe and Asia companies with stable underlying performance: asset-intensive businesses, providing essential services over the long term, often on a regulated basis, or with significant contracted revenues. The firm focuses on the Utilities, Transportation, and Social Infrastructure sectors through equity and junior or mezzanine debt investments in the range of £100m–£300 million per transaction. 3i infrastructure was formed in 2007 and is based in Jersey, Channel Islands.

DEAL STATS #
Overall 2 of 6
Sector (Education) 1 of 1
Type (Secondary Buyout) 1 of 4
Country (United Kingdom) 1 of 3
Year (2013) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Wireless Infrastructure Group

Bellshill, United Kingdom

Wireless Infrastructure Group Ltd. is a telecoms infrastructure company involved in the ownership and management of mobile cell sites in the UK and Europe. WIG acquires, manages and operates wireless cell sites (rooftop or greenfield masts or towers) for wireless service providers. Wireless Infrastructure Group Ltd. was established in 1995 and is based in Bellshill, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-27 Crossrail

London, United Kingdom

Crossrail's estimated benefit to the uk economy is at least £42 billion. We have let some of the largest value contracts in UK construction history, providing a much needed boost to the construction industry and creating major job opportunities.

Buy -
Mergr

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