KKR to acquire John Laing for $2.84bn.

KKR agreed to acquire John Laing, a British investor, developer and operator of privately financed, public sector infrastructure projects, for $2.84bn. KKR partners with Equitix, an experienced infrastructure investor, to jointly own John Laing's existing asset portfolio. "Under private ownership and with flexible access to capital, John Laing can take a longer-term view as an owner and operator of assets during the next phase of its growth. KKR recognises the high quality of the employees and strength of the management team at John Laing and their importance to the success of John Laing following the acquisition. KKR is a long-term investor with deep experience in owning critical national infrastructure assets and we are excited by the opportunity to support the talented team at John Laing to provide capital, a global platform and operational expertise to enable John Laing to accelerate its strategy," Tara Davies, KKR Partner and Co-Head of European Infrastructure.