John Laing Infrastructure in buyout talks

John Laing Infrastructure in buyout talks
JLIF said the potential offer is worth 142.5 pence per share

Shares in John Laing Infrastructure Fund (JLIF) have soared by more than 18 per cent this morning after news of a possible buyout of the company.

JLIF is one of Europe’s largest listed infrastructure funds, with a Premium Listing on the FTSE 250.

JLIF stock price up by over 18%

The Board of JLIF and a consortium which comprises Dalmore Capital Limited and Equitix Investment Management Limited have confirmed that they are engaged in discussions regarding a possible cash offer for the entire business at a price of 142.5 pence per share.

Dalmore is an independent fund manager with offices in London and Edinburgh. It has over £4 billion of investors’ funds under management, largely from long-term UK pension funds.

Equitix is a leading UK infrastructure investor, developing and managing infrastructure assets across a number of sectors such as social housing, education, healthcare, waste and renewables, highways and street lighting, student and government accommodation, utility infrastructure, transport and energy efficient investments.

A further announcement will be made by the company in due course.