Private equity giant KKR has made a £2 billion offer for one of the UK’s biggest infrastructure firms John Laing. John Laing has over 150 projects and businesses across the globe with significant focus on the renewables sector, through wind and solar farms. Another area of growth for John Laing are social enterprises, revealing last month it would invest £200 million in retirement homes developed by McCarthy & Stone to help address a shortage of elderly accommodation in Britain. “Under private ownership and with flexible access to capital, John Laing can take a longer-term view as an owner and operator of assets during the next phase of its growth.”John Laing can trace its roots back to 1848 as a building company based in Carlisle. It grew to become a major construction company with projects including the M1 motorway, Sizewell B nuclear power station and Coventry Cathedral.

Source: Irish Independent May 19, 2021 07:39 UTC