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.
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.