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.
Law Firms: Mourant Ozanne;
Clients: John Laing Infrastructure Fund Limited;