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New Deal


Announced

John Laing and Macquarie Capital to form Brigid Investments in a $276m deal.

Financials

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Transaction Value£200m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Joint Venture

United Kingdom

Private

Majority

Cross Border

retirement homes

accomodation

Acquisition

Friendly

Pending

Real Estate Holding and Development

Private Equity

Single Bidder

Synopsis

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John Laing, a British investor, developer, and operator of privately financed, public sectors infrastructure projects, and Macquarie Capital, an Australian multinational independent investment bank, are set to form Brigid Investments, a UK-based platform to invest in retirement accommodation, in a $276m deal. Additional investors include McCarthy Stone, a developer and manager of retirement communities. "This investment is in-line with our strategy of investing in platforms which are asset-backed, scalable and offer long-term, resilient cash flows. Importantly, this investment brings inflation-linked revenues and strong cash yield from the outset. There is potential for significant value creation both through scaling the platform, and as the sector matures and attracts further institutional capital into core infrastructure assets," Ben Loomes, John Laing CEO.

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