Ogier has acted as Guernsey legal advisors to Equitix in relation to its proposed acquisition of a 50 percent equity stake in a portfolio of assets owned by John Laing Group Plc.
Equitix will contribute to the acquisition price paid by KKR in connection with the recommended offer to acquire the entire share capital of John Laing, which values John Laing's share capital at £2 billion on a fully diluted basis.
John Laing, which was admitted to trading on the Main Market of the London Stock Exchange, is a leading international investor which develops and owns mid-market infrastructure assets across the United Kingdom, Europe, North America, Latin America and Australia.
The transaction is expected to be completed by way of scheme of arrangement, subject to the approval of John Laing shareholders and the receipt of regulatory clearances.
The Ogier team was led by partner Bryon Rees and associate Gabrielle Saul, who worked with the corporate and investment fund teams of Ashurst LLP, together with the Simpson Thacher & Bartlett LLP finance team. Intertrust acts as corporate service provider to Equitix in Guernsey.
Bryon said, "Equitix has a strong reputation as a leading developer, trusted partner, operator and fiduciary fund manager. We are pleased to support them and their team of advisers on this transaction, fielding an Ogier team advising across a range of corporate, funds, regulatory and finance matters. We look forward to seeing Equitix and KKR successfully complete on this notable transaction in due course."
Equitix is a leading investor, developer and long-term fund manager of core infrastructure and renewable energy assets.