Our primary shareholder and investor is Cabot Square, who manage CS Capital Partners II L.P. and III L.P., have in excess of £500 million committed funds and over ten years experience in private equity investment. Cabot have approved and are providing long-term development and investment funding to Equitix in developing PFI/PPP projects.
CS Capital Partners II L.P. has invested in other companies which provide public service contracts, and is presently a primary shareholder in MedicX, a leading investor, developer and manager of UK Primary Care property, providing GP surgeries in the UK.
In addition to the committed finance that has been put in place by Cabot, Equitix is in the process of raising a PPP Fund, Equitix Fund I LP. The Fund is expected to close in mid-2008, and is targeted at £125 million. We expect there to be a range of investors, including Local Authority Pension Funds. The Fund will own the investments in the Projects from the date of Financial Close, and throughout the life of the concession.
