InfraBridge and the Irish Infrastructure Fund (IIF) have completed the sale of Valley Healthcare to John Laing Group (John Laing).

John Laing, an international investor and active manager of core infrastructure assets has acquired a portfolio of three assets. The Portfolio consists of the following:

• Valley Healthcare, Ireland’s primary care center (PCC) operator and developer, with 20 PCCs under operation across Ireland and a pipeline of new centers in development. It leases all its assets to the Irish Health Service Executive, (HSE). 
• Convention Centre Dublin (CCD), is Ireland’s only purpose-built convention center with an 8,000-person capacity. It is a 25-year availability-based public-private partnership with the Irish Government’s Office of Public Works, (OPW). 
• Towercom, is Ireland’s independent telecommunications tower company, with a nationwide portfolio of 409 towers. Towercom has a well-diversified customer base of major mobile network operators committed under long-term inflation-linked contracts.

John Laing was advised on the transaction by Evercore, Rothschild, Arthur Cox and Simpson Thacher & Bartlett. Irish Infrastructure Fund were advised by Dentons, IBI Corporate Finance, Jefferies International Limited, Matheson and McCann Fitzgerald.