SEMPERIAN

Semperian Group Limited

Semperian Group Limited (“Semperian”) launched in October 2007, with the aim of investing in Social Infrastructure across the United Kingdom and Europe, providing essential public services to local communities. The company was established to give Investors access to a large, diversified portfolio of mature Public Private Partnership (PPP) concession based investments, within the Social Infrastructure environment.  Semperian also holds interests in non-PPP investments.

Semperian operates a two-tier governance structure, where The Board of Directors is responsible for business strategy, oversight and compliance. The underlying portfolio is managed by the fully integrated Semperian Management Group, encapsulating all requisite management activities, with the ultimate aim of maximising investor value.

Semperian Board of Directors

Semperian’s Board of Directors, comprises a Chair, five Non-Executive directors, two Independent Non-Executive directors and four Executive Directors.

William Doughty

Chair

Michael Donn

Non-Executive

Jonathan Ord

Non-Executive

Padmesh Shukla

Non-Executive

Colin Simpson

Non-Executive

Martin Smith

Non-Executive

Michael Dunn

Independent Non-Executive

Jane Simpson

Independent Non-Executive

Andrew Rhodes

Executive – CEO

Gary Brown

Executive – COO

Richard Little

Executive – CIO

Steve McGeown

Executive – CFO

Brand Statement

The Semperian Group is focused on providing essential infrastructure to the public sector and aims to deliver a positive social and environmental impact through responsible Capital Investment and industry leading Infrastructure Management.

Platform

We operate a flexible platform that helps us work better, faster and more collaboratively.

Employment

We foster a culture where everyone feels valued, supported and empowered to reach their full potential.

Impact

We work with clients and partners to make a real difference; socially, environmentally and economically.

Investment objectives

Semperian was established to provide investors with access to a portfolio of PPP and social infrastructure projects that have the following characteristics:

High current yielding

Long-dated risk adjusted returns

Inflation correlated revenue streams

High quality counterparties

Diversity of sectors, operators and funders

Scale of opportunity, with 97 assets

Limited correlation to economic cycle

Low cost and aligned management

The asset payment streams have a strong correlation to RPI, but limited correlation to the performance of publicly quoted equities or the broader economic cycle.  This provides shareholders with a predictable, stable and low risk income stream. The maturity, scale and diversity of the current portfolio enable the specialist management team to drive out material efficiencies, particularly in the areas of procurement and financing. Further enhancements are delivered through specific initiatives.

Our History

Semperian was launched in October 2007, with the initial acquisition of a £1.0bn portfolio of infrastructure assets from Land Securities plc. Although Semperian was formed in 2007, the group’s origins date back to 2001. A brief history of the company can be found in the links below:
  • Semperian PPP Investment Partners rebrands to Semperian Group with Semperian Management Group as its fully integrated manager.
  • Semperian acquired a 20% stake in the Merseyside PPP Energy from Waste project.
  • Semperian acquired a 25% incremental stake in the A1 (D2D) road project.
  • Semperian acquired an 80% stake in the M3 Toll Road in the Republic of Ireland.
  • Semperian acquired an 80% stake in the M4 Toll Road in the Republic of Ireland.
  • Semperian acquired a 50% stake in the M50 Motorway in the Republic of Ireland.
  • Semperian participates in the equity raise for the Riverside II development within the Cory Riverside project.
  • Semperian acquired a 33% stake in the Aberdeen West Peripheral Route Project.
  • Semperian acquired the remaining stake in the Fife Hospital project from HICL.
  • Semperian acquired a further stake in the Norfolk & Norwich Hospital project.
  • Semperian established a new £75m Revolving Credit Facility to smooth equity raise process for new investment and provide capacity to enter into Letters of Credit.
  • Semperian acquired a stake in the Cory Riverside EfW project
  • Semperian acquired a 50% stake in the Fife Hospital project from Balfour Beatty.
  • emperian acquired an 80% stake in the Edinburgh University Student Accommodation project from Balfour Beatty.
  • Semperian acquired further interests in the XJ4 portfolio.
  • Semperian acquired further interests in the Wolverhampton Radiology project and 100% of the Glasgow Carpark project from Impregilo.
  • Semperian acquired further interest in the South Manchester Healthcare project from Sodexo.
  • Semperian acquired the 100% interest in Belmarsh West Prison.
  • Semperian increased its assets under management, with a combination of asset rotation from small scale investments to incremental stakes in its larger holdings.
  • PIML is sold to Compass Group, with the TUPE transfer of 411 staff originally employed within the PIML business.
  • Jarvis PPP FM business is placed in administration. Semperian TUPE transferred 411 members of Jarvis staff into a new operating subsidiary company (PIML) and takes on the management of these contracts directly to ensure service continuity to our clients.
  • Semperian Investment Partners (“Semperian”) was created in its current form, when TIP acquired the balance of the SMIF portfolio and the management company from Land Securities Ltd and rebranded as Semperian, at which point 140 members of staff were TUPE transferred to Semperian.
  • Land Securities Ltd established new investment platform Trillium Investment Partners (“TIP”) to provide external shareholder access to the portfolio of investments, whilst retaining Capital and Asset management resources.
  • Land Securities Ltd acquires SMIF, by which time it managed 40 assets and directly employed over 70 members of staff across Capital and Asset Management companies.
  • SMIF expanded its management offering from solely Capital Management to Asset Management with the creation of SMIF Asset Management Limited (“SAML”) to provide efficient stewardship of its investments through direct management of the project SPV companies.
  • Semperian, as an independent organisation, originates from the establishment of the Secondary Market Infrastructure Fund (“SMIF”) that was created to provide shareholders access to 24 PPP infrastructure assets with value of £123 million and create independent management focus solely on the invested assets.
  • Semperian originates from the establishment of the Secondary Market Infrastructure Fund Facility (“SMIFF”) that was created by Abbey National and Babcock & Brown in the first ever UK PFI secondary market transaction, with the acquisition of 24 assets from Barclays bank with a value of £100 million.