AIP Management completed the acquisition of a 30% stake in InterCity Express Programme Phase 2 from John Laing Group for £421m.

AIP Management, a direct infrastructure investment platform, completed the acquisition of a 30% stake in InterCity Express Programme Phase 2, the UK rolling stock project for the East Coast Main Line, from John Laing Group, a British investor, developer and operator of privately financed, public sector infrastructure projects, for £421m. "We are delighted to have successfully completed the sale to AIP of this high-quality, availability-based asset at a strong uplift to book value. This is an excellent example of how John Laing creates value through developing greenfield infrastructure, working closely with its partners to manage its projects through to operation, and then delivering strong realisation results for the Group’s shareholders," Ben Loomes, John Laing CEO.