The John Laing Infrastructure Fund Limited is being acquired by Jura Acquisition Limited for 142.5 pence per share, following a shareholder vote that showed support for the takeover despite concerns over the adequacy of the premium offered.

Target Information

The John Laing Infrastructure Fund Limited (JLIF) is a prominent player in the infrastructure sector, regarded for its portfolio of assets that are critical to societal well-being and economic development. JLIF primarily holds long-term, inflation-linked cash flows from availability-based payments. This robust asset structure has led to its inclusion in Cerno multi-asset portfolios, reflecting the inherent stability and resilience associated with infrastructure investments.

As of the latest developments, JLIF was subject to a potential acquisition by Jura Acquisition Limited, following an unsolicited proposal from a consortium comprising Dalmore Capital Limited and Equitix Investment Management Limited. This bid aimed to acquire the entire share capital of JLIF at a proposed price of 142.5 pence per share.

Industry Overview

The infrastructure sector in the United Kingdom has shown a steady growth trajectory, bolstered by robust governmental support for projects deemed essential for public welfare. Infrastructure investments in the UK are largely driven by