The court of the United Kingdom has approved the scheme of arrangement enabling cash acquisition of John Laing by Bidco. 

Bidco is a newly formed company indirectly owned by funds and advised by Kohlberg Kravis Roberts & Co. L.P. and its affiliates (KKR). KKR has agreed to partner with Equitix to jointly own the existing portfolio of John Laing. The Scheme will become effective upon the Court Order being delivered to the Registrar of Companies for England and Wales.

The group of advisors for John Laing during this transaction includes Tulchan as PR adviser, Evercore, Barclays, and Peel Hunt as a financial adviser, and Freshfields Bruckhaus Deringer LLP acted as legal adviser. The team of advisors for KKR and Bidco includes FGH and Goldman Sachs as financial advisers, Simpson Thacher & Bartlett LLP and Herbert Smith Freehills LLP as legal advisers.