Amber Infrastructure (‘Amber’), the Investment Adviser to International Public Partnerships Limited (‘INPP’ or the ‘Company’), notes INPP’s announcement that it has successfully closed a placement raising £116.5 million before costs and expenses.
The placing was significantly oversubscribed with strong demand from existing and new shareholders. In light of this demand, the INPP Board increased the size of the placing from the original target amount of £75 million. The proceeds will be used to pay down the cash drawn portion of INPP’s corporate debt facility which has been used to finance INPP’s recent investments. This will also put INPP in what it believes to be a strong position to pursue the pipeline of opportunities identified in the U.K. and overseas.
Further details on the transaction can be found on INPP’s website here.
For further information:
Amber Fund Management Limited
Erica Sibree / Amy Joslin
+44 (0)20 7939 0558 / 0587