Debevoise & Plimpton LLP is advising Pantheon in its equity investment as part of the proposed £2 billion takeover by KKR of John Laing Group plc (“John Laing”).
Pantheon’s investment is being made through a bespoke Equitix-managed vehicle that will in turn invest in the portfolio of assets owned by John Laing. Equitix will be contributing to the acquisition price paid by KKR to John Laing shareholders and will, as a result, receive following completion a 50% shareholding in John Laing Investment Limited, which holds the existing assets of the John Laing Group.
John Laing develops and owns mid-market infrastructure assets across the UK & Europe, North America, Latin America and Australia.
For full details, see here.
The Debevoise team advising Pantheon is led by partner Katherine Ashton, and includes associates Dominic Blaxill, Thomas Berry and Laurence Hanesworth. Competition advice is being provided by partner Timothy McIver and counsel Kyra Bromley. Tax advice is being provided by international counsel Jennifer Wheater and associate Patrick Fasoro.