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Robertson Capital Projects (RCP), an investment firm specialising in PFI projects, has sold a 49.9% stake in its subsidiary, Elgin Infrastructure, to 3i for almost 拢40m.

The money from the sale of the stake of Elgin infrastructure to 3i will be used to strengthen the firm's capital base and support future growth of its businesses.

RPC was established more than 10 years ago as a project-management and investment company responsible for developing long-term partnerships providing public-sector education, health, housing and social-care infrastructure throughout the UK and Ireland. It manages a capital programme of more than 拢1bn.

Executive chairman Bill Robertson said: 鈥淭he investment will support our growing activity in the public-sector market and justifies our 10-year commitment to the PFI/PPP marketplace.

鈥淥ver the last 10 years, our Capital Projects business has built up a sizeable portfolio of high-grade investments and has ambitious plans to accelerate this growth. In the past, this growth has been funded by banks in the traditional way. However, the financial picture in this sector has changed significantly over the last 12 months.鈥�