John Laing completes Environmental Assets Fund flotation
John Laing Environmental Assets Group completed a £160m IPO on Wednesday, while its cornerstone investor, John Laing Investments exited its position in its sister infrastructure fund.
John Laing Investments holds 39.7% of John Laing Environmental Assets after the IPO.
JLI then sold down 34.4m shares, 4.5%, of John Laing Infrastructure Fund in a block trade, exiting its position in the firm. The transaction was led by JP Morgan.The IPO was led by Barclays as ...