SDCL Energy Efficiency Income Trust PLC (SEEIT) has announced plans for an initial public offering (IPO) to raise £150mln via a placing and offer for ordinary shares on the UK main market.
SEEIT, a newly-established closed-ended investment company incorporated in England and Wales, said it is seeking an application for its ordinary shares to be admitted to the premium listing category of the London Stock Exchange’s Official List.
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The group will be the first UK-listed investment fund of its kind to invest exclusively in the energy efficiency sector - a rapidly growing segment of the infrastructure market.
It will be managed by Sustainable Development Capital LLP, a market leading London based investment firm with a proven track record of investment in energy efficiency in the UK, Europe, North America and Asia.
SDCL has attracted over £500mln of capital commitments since it started investing in energy efficiency in 2012 from a wide range of institutional investors including the UK Government and the European Investment Bank.
Jefferies International is acting as sponsor and sole global coordinator in relation to the IPO.