KKR to Buy Infrastructure Group John Laing for $2.8 Billion (1)

KKR & Co. agreed to buy John Laing Group Plc for about 2 billion pounds ($2.8 billion), partnering with another investor to secure a global infrastructure portfolio with potential for further growth.

The U.S. private-equity giant saidWednesday it will pay 403 pence a share for John Laing, sending the stock to its highest level since before the coronavirus pandemic. The offer represents a 27% premium over the London-based target’s share price before the talks were disclosed on May 6.

John Laing invests in and manages transportation, social and environmental infrastructure projects, according to its website. KKR said the ...