Dalmore and Equitix secure acquisition of John Laing Infrastructure Fund
The boards of directors of John Laing Infrastructure Fund (JLIF) and Jura Acquisition, a newly formed company owned by a consortium jointly-led by funds managed by Dalmore Capital and Equitix Investment Management, have announced that they have reached agreement on the terms of a recommended cash offer to be made by Jura for the entire issued and to be issued ordinary share capital of JLIF.
Under the terms of the offer, JLIF shareholders will be entitled to receive GBP1.425 (US$1.837) in cash for each JLIF share. The terms (including a pre-close dividend of GBP0.0357 (US$0.046) per share) value each JLIF share at GBP1.4607 (US$1.883) per share and JLIF's entire issued and to be issued ordinary share capital at approximately GBP1,448 million (US$1.866.6 million).
This represents a premium of approximately 23.6% to the closing price per JLIF Share on 13 July 2018.
JLIF's Directors intend to recommend unanimously that JLIF Shareholders vote or procure votes in favour of the resolutions relating to the agreed acquisition. The Directors have been advised by J.P. Morgan Cazenove and Rothschild.
Country updates
-
-
August 01, 2018
Ernst & Young selected to advise wastewater project in Nebraska
Ernst & Young has been selected to provide financial advisory services to Sarpy County and Cities Wastewater Agency for a PPP project. The project will consist of building out a regional wastewate...
Read more -
August 01, 2018
Sole bidder for rail station improvement project in USA receives RFP
The Department of Transportation of Pennsylvania (PennDOT), a US state located in the north-east of the country, has issued a Request for Proposal (RFP) to the single prequalified bidder for the ...
Read more -
July 31, 2018
County council approves contract for courthouse PPP in Maryland
Howard County Council has approved the PPP contract awarded to Edgemoor-Star America Judicial Partners for the design, construction, financing, operation and maintenance of a new 230,000 squ...
Read more -
July 31, 2018
Blackstone agrees to sell stake in tower operator to John Hancock
Blackstone has announced that funds managed by Blackstone Tactical Opportunities have agreed to sell a minority stake in Phoenix Tower International (PTI) to John Hancock. PTI is the fastest gro...
Read more -
July 30, 2018
US museum cancels US$50 million car parking P3
The Smithsonian Institution, a museum and research complex located in Washington, D.C., has cancelled the tender for the design, construction and operation of a 1,300-space car park at...
Read more
