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Announced

Completed

John Laing Group completed the acquisition of a 21% stake in Concesión La Pintada from Construcciones El Cóndor for $40m

Financials

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Transaction Value£28m
Consideration TypeCash
Capital Owned-
Capital Bid For21%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Minority

bridge construction

Private

Acquisition

Friendly

Completed

Single Bidder

Construction Services

Colombia

Private Equity

Cross Border

Synopsis

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John Laing Group, an investor in public sector infrastructure projects, completed its acquisition of a 21% stake in Concesión La Pintada from Construcciones El Cóndor, a Colombian engineering and construction company, for c.$40m. The agreement between the companies includes the assignment of the creditor position in the subordinated debt contracts and other rights derived from them.

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