John Laing Group has reached an agreement with Foresight Group CI for the sale of the Investment Advisory Agreement between John Laing Capital Management (JLCM) and John Laing Environmental Assets Group (JLEN).
The company has agreed to the sale of its remaining fund management activities by way of a novation of the JLEN Investment Advisory Agreement and transfer of the investment advisory team to Foresight Group. The transaction will ensure JLEN receives the focus and investment it requires to support its future growth.
The sale will enable the company to focus on the core business of investment in and active management of greenfield infrastructure projects. The sale is anticipated to complete at the end of June 2019.