The Firm is advising John Laing, a portfolio company of KKR, in connection with its acquisition of a portfolio of three assets (the “Portfolio”) from AMP Capital, the infrastructure manager of the Irish Infrastructure Fund (IIF). The transaction is expected to complete during 2023, subject to customary conditions. Terms of the transaction were not disclosed.
The Portfolio consists of Convention Centre Dublin (“CCD”), Ireland’s only purpose-built convention centre with an 8,000-person capacity; Towercom, Ireland’s largest independent telecommunications tower company, with a nationwide portfolio of 409 towers; and Valley Healthcare, Ireland’s largest primary care centre (“PCC”) operator and developer, with 20 PCCs under operation across Ireland and a pipeline of new centres in development.
John Laing is a leading international investor which develops and owns mid-market infrastructure assets across the U.K. & Europe, North America, Latin America and Australia.
The Simpson Thacher team includes Amy Mahon, Jenny Leung, Antony Freeman and Adam Ismail (Corporate – UK); Claire Williams, Jia Meng and Tom Lort (Credit); Etienne Renaudeau, Susanna Breslin and Sarah Chaudhuri (Antitrust); Jonathan Lindabury, Nathan Utterback and Danielle Robinson (Corporate – US); and Sarah Lindley, Meredith Jones and Ellie Verran (Tax).