Shareholders support acquisition of John Laing
KKR and Equitix's offer of GBP 2 billion (US$ 2.83 billion) to acquire a 100% stake in John Laing has been supported by the second-largest shareholder of John Laing. John Laing is an international originator, active investor, and manager of infrastructure projects and is focused on major transport, social and environmental projects awarded under PPP programs as well as renewable energy projects.
John Laing´s board agreed unanimously to the acquisition from Aqueduct Bidco, a company owned by funds advised by Kohlberg Kravis Roberts & Co (KKR) and its affiliates, which will carry out the acquisition. KKR and Equitix have agreed to jointly own the asset portfolio of John Laing. After the transaction is complete, Equitix will acquire 50% of the portfolio, which will continue to be managed by the management team of John Laing.
Country updates
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May 21, 2021
Strong response received for Tidal Lagoon PPP project
The Welsh government has received lots of responses to its market engagement initiative for the Welsh Tidal Lagoon Challenge. Published in March, the prior information notice (PIN) invited interested...
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May 21, 2021
First Close achieved for Asterion Industrial Partners’ Fund II
Asterion Industrial Partners has reached the first close of its second fund with a total of EUR 925 million (US$ 1.12 billion) of commitments. Asterion Industrial Infra Fund II FCR has a target size o...
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May 21, 2021
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...
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May 20, 2021
Legal advisors sought by UK Government for infra projects
Crown Commercial Service (CCS) in the UK has published a prior information notice (PIN) to establish an agreement for legal advice services to be utilized by UK Central Government Departments, and oth...
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May 05, 2021
Welsh Water to seek private partner for Water Supply Project
Welsh Water in the UK is planning to launch the Competitively Appointed Provider (CAP) procurement process to deliver the Cwm Taf Water Supply Project. The facility will provide long-term water supply...
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