PIC invests a further £50m with Peel Ports Group

Written by Adam Cadle

24/02/2025

PIC has invested £50m with Peel Ports Group.

The transaction is the second concluded between PIC and the company, following participation in an earlier funding round providing £33m, in 2023.

PIC’s ability to offer a twelve-year financing solution, in a floating rate format, provides the company with the additional flexibility they need to fund large infrastructure investments.

Peel Ports Group invests in sustainable developments across its portfolio, most recently announcing several major projects including: two £25m ship-to-shore cranes at the Port of Greenock in Scotland; £30m for a new roll-on-roll-off berth facility at the Port of London Medway; and £25m to build the new Alexandra warehouse complex at the Port of Liverpool.

Vladan Martinovic, senior debt origination manager at PIC, said: “The diversity of cargo transited, their varied customer base, long-term customer contracts, and ability to adapt their product offering makes the UK ports sector resilient through business cycles and therefore an attractive asset for a buy-to-hold investor like PIC. Regular, secure, long-term cashflows are a good match for PIC’s pension payments stretching out decades into the future. We are delighted to be able to support Peel Ports and complete an additional financing that meets their treasury needs.”

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