Simpson, Thacher & Bartlett advised KKR & Co. on its agreement to buy with another firm U.K.-based John Laing Group Plc for about 2 billion pounds ($2.8 billion).
John Laing says it invests in and manages transportation, social, and renewable energy infrastructure projects awarded under public private partnerships.
KKR through its affiliate, Aqueduct Bidco Ltd, agreed to partner with Equitix to jointly own John Laing’s asset portfolio, which will continue to be managed by John Laing’s management team, according to a statement. Simpson Thacher said it advised Aqueduct Bidco.
Tara Davies, KKR partner and co-head of European infrastructure, said in a statement that John Laing has a strong market position and a 40-year track record of delivering major infrastructure projects.
There’s “growing global demand for national infrastructure that delivers societal benefit and reflects technological advances and policy priorities,” Davies said.
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