Dalmore and Equitix secure acquisition of John Laing Infrastructure Fund

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The boards of directors of John Laing Infrastructure Fund (JLIF) and Jura Acquisition, a newly formed company owned by a consortium jointly-led by funds managed by Dalmore Capital and Equitix Investment Management, have announced that they have reached agreement on the terms of a recommended cash offer to be made by Jura for the entire issued and to be issued ordinary share capital of JLIF.

Under the terms of the offer, JLIF shareholders will be entitled to receive GBP1.425 (US$1.837) in cash for each JLIF share. The terms (including a pre-close dividend of GBP0.0357 (US$0.046) per share) value each JLIF share at GBP1.4607 (US$1.883) per share and JLIF's entire issued and to be issued ordinary share capital at approximately GBP1,448 million (US$1.866.6 million).

This represents a premium of approximately 23.6%  to the closing price per JLIF Share on 13 July 2018.

JLIF's Directors intend to recommend unanimously that JLIF Shareholders vote or procure votes in favour of the resolutions relating to the agreed acquisition. The Directors have been advised by J.P. Morgan Cazenove and Rothschild.

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