KKR snaps up UK infrastructure investor John Laing in £2bn deal
by Joanna Partridge from on (#5J0NZ)
John Laing board to unanimously recommend KKR's offer to shareholders to take firm private
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.
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