London Office Advises PFI Infrastructure Company PLC
LONDON (18 May 2007) — The London office of McDermott Will & Emery has advised The PFI Infrastructure Company plc and its financial adviser, Hawkpoint Partners Limited, in connection with the recommended mandatory cash offer of 308 pence per share for the entire issued share capital of PFICo by I2 Bidco Limited.
The offer was declared unconditional in all respects on 12 May 2007.
PFICo was the first publicly quoted investment vehicle in the UK dedicated solely to investment in public private partnerships, particularly projects launched under the Private Finance Initiative. PFICo initially raised £47 million through a share placing on AIM in July 2004 at 140 pence per share and a further £30 million through a placing in April 2006 at 175 pence per share.
