John Laing Infrastructure : JLIF
CLOSED
In August 2018 John Laing Infrastructure agreed to accept an offer from Dalmore Capital and Equitix Investment Management valuing the company at £1.45 billion. The transaction became effective on 28 September 2018 and has delisted.
John Laing Infrastructure’s investment policy was to invest in equity and subordinated debt issued in respect of infrastructure PPP projects. The Fund predominantly invested in projects that had completed construction and that were in their operational phase. Investment Capital in projects that were under construction were limited to 15 per cent. of the Total Assets of the Fund (calculated at the time of investment).
The Fund invested in projects whose revenue streams were: public sector or government backed; and predominantly lower-risk “availability based” i.e. cash-flows were determined by making the asset available rather than by how much it was used (“demand based”).
John Laing Infrastructure : JLIF