The deal is the latest in a series of take-private transactions targeting UK-listed businesses as private equity firms look to snap up cheap businesses on the London stock market
The private-equity firm KKR has agreed to buy the UK infrastructure investor John Laing, which has stakes in Alder Hey children’s hospital in Liverpool and a retirement homebuilding project with McCarthy & Stone, in a deal valued at about £2bn.
The takeover values the London-listed firm at 403p a share, which represents a 27% premium on the closing price of John Laing stock on 5 May, the day before it confirmed it was in talks with KKR. John Laing has invested in more than 150 projects and businesses since it was founded, across a range of sectors including transport and energy.
The firm, which was floated in February 2015, owns assets including schools, hospitals and infrastructure predominantly in the US and Australia as well as in Europe.
Read more/Source: The Guardian
