City moves: Citi’s head of UK investment banking on the move City move Citi’s head of UK investment banking Andrew Truscott has been appointed CEO of John Laing Group. John Laing, which is backed by private equity firm KKR, is an investor and manager of core infrastructure assets. Truscott has been at Citi since 2018, and will join John Laing in early summer. Before joining Citi he spent [...]
KKR snaps up John Laing in £2bn takeover deal KKR snaps up John Laing in £2bn takeover deal Private equity giant KKR has this morning agreed a £2bn takeover deal for FTSE 250 infrastructure investor John Laing. The takeover deal, which was first mooted earlier this month, values the firm at 403p per share. That represents a 27 per cent premium on the company’s closing price of 318p per share on 5 May, [...]
John Laing sells stake in East Coast Main Line project for £421m John Laing sells stake in East Coast Main Line project for £421m John Laing Group today said it has agreed to sell its 30 per cent stake in the rolling stock project for the East Coast Main Line to AIP Management for £421m. The infrastructure giant said the sale in the project — known as Intercity Express Programme Phase Two (IEP East) — marked a strong premium [...]
Infrastructure giant John Laing appoints ex-3i exec as new boss April 30, 2020 Infrastructure development and investment firm John Laing has appointed a former 3i executive as its new boss. Ben Loomes will join the listed firm on 8 May, replacing Oliver Brousse who is leaving after six years at the helm to take a new role at French firm Veolia. Brousse oversaw the company’s initial public offering [...]
John Laing chief steps down after six years at infrastructure giant January 23, 2020 John Laing chief executive Olivier Brousse has this morning resigned from the long-running infrastructure firm in order to take up a new role at French utility Veolia. Brousse, who has been at the firm since 2014 and led the firm’s initial public offering in 2015, will remain at the company while a successor is identified. [...]
John Laing shares drop after warning net assets will fall below expectations December 12, 2019 Shares in John Laing dropped this morning after the greenfield infrastructure investor said its net asset value (NAV) for the year would be below expectations. In a trading update issued this morning, the group said that uncertainty over a number of factors will impact its full-year results, including progress with ongoing transactions and the outcome [...]
Best 25 stocks in the last tax year April 15, 2019 | City Talk By Graeme Evans from interactive investor. The FTSE 100 outperformed mid-caps last tax year, but the top FTSE 350 performers might surprise you. Take a look at the financial year ended on the 5th April, with the 25 top performing stocks in the FTSE 350 all producing gains of 40 per cent or more over the [...]
John Laing environmental fund to raise up to £100m through share issue September 12, 2018 Infrastructure investment group John Laing is raising up to £100m for its environmental assets fund in order to target further diversification. Recent acquisitions of three anaerobic digestion projects, which now represent 17 per cent of the fund's portfolio, were made using the company's revolving credit facility which is now "substantially drawn down." Read more: John [...]
John Laing IPO: Shares trade flat after pricing at bottom of range February 12, 2015 Infrastructure investment group John Laing's shares were trading flat this afternoon, after the group priced at the bottom of the expected range for its stock market debut. John Laing, which is behind some of Britain's biggest infrastructure projects, mainly through public-private partnerships, priced its shares at 195p, giving it a valuation of £715.5m. That was [...]
John Laing float eyes £865m valuation January 29, 2015 Infrastructure investment group John Laing is eyeing a valuation of £865m from its initial public offering, in what would be the first major flotation on the London Stock Exchange this year. The group, which has been owned by fund manager Henderson since 2006, has set its indicative price range between 195p-245p per share, giving it a market [...]