John Laing is on the verge of being brought back to the stock market seven years after it was taken private.
The infrastructure investor and construction project management firm is likely to be one of the first big London floats of 2015. John Laing’s owner, Henderson, the international investment house and private equity firm, has hired HSBC and Barclays to marshal an initial public offering.
Olivier Brousse, John Laing’s chief executive since March, said that the business needed new investors to support a scaling-up of operations and back an assault on the US market, which is beginning to open up to the sort of public private partnership and private finance initiative schemes in which John Laing made its name during the Labour spending boom.
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