KKR and Equitix to acquire John Laing
KKR and Equitix have launched a transaction to acquire a 100% stake in John Laing. Once the transaction is complete, each company will own a 50% stake in John Laing. The transaction is valued at GBP 2 billion (US$ 2.83 billion).
Headquartered in London, John Laing is an international originator, active investor, and manager of infrastructure projects. Its business is focused on major transport, social, and environmental infrastructure projects awarded under governmental public-private partnership (PPP) programs, and renewable energy projects, across a range of international markets including the UK, Europe, Asia Pacific, and North America.
Shareholders of John Laing will be offered GBP 4.03 (US$ 5.70) per share.
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