International Public Partnerships Limited (INPP) the FTSE 250 listed infrastructure investment company, has acquired an interest in a portfolio of four Danish public-private partnerships (PPP) projects delivering availability-based, long-term, predictable cash flows. The Company holds a majority interest in the portfolio, which was acquired at a cost of c.£14 million.
This acquisition marks the Company’s first investment in Denmark and, through the growing presence of its Investment Advisor, Amber Infrastructure (‘Amber’), provides a platform for further investment opportunities into the region.
The Projects, which provide essential infrastructure and are geographically spread across Denmark, include:
The investments directly support targets outlined in Sustainable Development Goals 4 (Quality Education), 9 (Industry, Innovation and Infrastructure) and 16 (Peace, Justice and Strong Institutions). Other key features of the investments include:
Following financial close of the acquisition and draw down under the facility the Company will be approximately £160 million drawn against its £250 million corporate debt facility, including £9 million issued by way of a letter of credit to support the Company’s commitment to invest in the Flinders University Health and Medical Research Building upon construction completion in March 2025.
Mike Gerrard, Chair of INPP said: “We are delighted that the Company has made its first investment in Denmark and, through Amber, we are able to see an interesting range of further investments opportunities in the region.”