Energy efficiency investor SDCL raises £100m to fund acquisition pipeline
SDCL Energy Efficiency Income Trust (SEEIT) has raised £100m (€116m) via a share placing to fund its acquisition pipeline.
The UK-listed investment firm, which previously announced the proposed fundraising, said 97.1m new ordinary shares at 103p each will be issued as a result of the placing.
SDCL floated on the London Stock Exchange in December last year and raised £72m in April this year.
Tony Roper, chairman of SDCL Energy Efficiency Income Trust, said: “We are delighted with the strong support shown by both existing and new investors in our second capital raise since the IPO in December.
“This is an exciting time to be investing in energy efficiency and we have demonstrated our ability to make attractive acquisitions.
”We currently have a diverse pipeline of opportunities in North America, Europe and Asia, a number of which we expect to secure in the coming months, as we continue to diversify the portfolio.”