KKR & Co is mulling a potential takeover offer for John Laing Group, in a deal that could value the firm at £1.86 billion ($2.59 billion), according to Reuters.
John Laing is an international originator, active investor and manager of infrastructure projects. Its business is focused on major transport, social and environmental infrastructure projects awarded under governmental public-private partnership (P3) programs, and renewable-energy projects, across a range of international markets including the United Kingdom, Europe, Asia Pacific and North America.
The company has not been involved in building and construction since the sale of its construction division in 2001, as well as both its property developments division and its house-building arm in 2002.
KKR is expected to announce a firm intention to make an offer by June 3.
