HICL acquires interest in Fife Schools project
Infrastructure investment firm HICL has acquired a 30 per cent equity and loan note interest in the Fife Schools 2 project.
Infrastructure investment firm HICL has acquired a 30 per cent equity and loan note interest in the Fife Schools 2 project.
The project is a 25-year concession to design, construct, finance and maintain nine primary schools and one special education needs facility, on eight sites in the Fife area of Scotland.
The new schools were built by Miller Construction under a £63.5m fixed-price construction contract between 2005 and 2007 and they currently provide accommodation for 3,200 pupils. The schools have been operational since 2007.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The total consideration paid by the group is £3.9m, which is in line with the current valuations of similar UK private finance initiative (PFI) projects in the group's portfolio.
The acquisition was funded from the group's existing cash and debt resources.
NR
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
UK-US trade deal announced: US cuts tariffs on UK car imports to 10%
Keir Starmer and Donald Trump have announced a UK-US trade deal, but the US president has refused to lift baseline tariffs on most UK goods. What does it mean for the UK?
-
How to use mid-caps to diversify from the US
Medium sized companies are overlooked by investors but could offer an attractive ‘sweet spot’. We consider the case for mid-caps amid market volatility.