M&A Deal Summary

KKR Acquires John Laing

On May 19, 2021, private equity firm KKR acquired infrastructure company John Laing for 2.0B GBP

Acquisition Highlights
  • This is KKR’s 5th transaction in the Infrastructure sector.
  • This is KKR’s 36th largest (disclosed) transaction.
  • This is KKR’s 22nd transaction in the United Kingdom.

M&A Deal Summary

Date 2021-05-19
Target John Laing
Sector Infrastructure
Buyer(s) KKR
Deal Type Going Private
Deal Value 2.0B GBP
Advisor(s) Freshfields Bruckhaus Deringer (Legal)

Target

John Laing

London, United Kingdom
John Laing is a platform that develops and operates core infrastructure assets (primarily private-public partnerships and renewables) across the UK, Europe, North America, Colombia and Australia. John Laing is based in London United Kingdom.

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Buyer(S) 1

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 389 of 499
Sector: Infrastructure M&A 5 of 8
Type: Going Private M&A Deals 25 of 39
Country: United Kingdom M&A 22 of 33
Year: 2021 M&A 21 of 52
Size (of disclosed) 36 of 108
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 GO-JEK

Jakarta, Indonesia

GO-JEK is a mobile application-based platform in Indonesia that provides a range of services such as ride-hailing, food delivery, lifestyle services, and mobile payments. GO-JEK was founded in 2010 and is based in Jakarta, Indonesia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-25 Pepper

North Sydney, Australia

Pepper is a specialty finance and servicing business that offers a range of lending products across mortgages, auto and equipment finance, point of sale finance, and personal loans. Pepper was founded in 2000 and is headquartered in North Sydney, Australia.

Sell -