Jura Acquisition Limited’s £1.45 billion Acquisition of John Laing Infrastructure Fund Limited

Mourant Ozannes has advised John Laing Infrastructure Fund Limited (JLIF), on its takeover by Jura Acquisition Limited (Jura).

It is the largest public M&A transaction in Guernsey so far in 2018.

Jura is a newly-formed special purpose company owned by a consortium led by funds managed by infrastructure investors Dalmore Capital Ltd and Equitix Investment Management Ltd, who collectively manage more than £7 billion of global infrastructure assets. The takeover was undertaken by way of a Guernsey scheme of arrangement and was sanctioned by the Royal Court in Guernsey on Friday 28 September 2018.

The transaction values JLIF at £1.45 billion and the cash offer price under the Scheme represented a premium of approximately 24% on the company’s last closing price of 118.2p on July 13 2018, the last day before the commencement of the offer period.

Mourant Ozannes advised John Laing Infrastructure Fund Limited with a team including Darren Bacon (Picture), Abel Lyall, Alex Davies, Chantal Barrett and Peter Callus.

JLIF was also advised by CMS Cameron McKenna Nabarro Olswang LLP in London.

 

Involved fees earner: Alex Davies – Mourant Ozanne; Peter Callus – Mourant Ozanne; Darren Bacon – Mourant Ozanne; Abel Lyall – Mourant Ozanne; Chantal Barrett – Mourant Ozanne;

Law Firms: Mourant Ozanne;

Clients: John Laing Infrastructure Fund Limited;

 

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