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 (PPP) programmes, and renewable energy projects, across a range of international markets including the UK, Europe, Asia Pacific and North America. John Laing is one of the world’s most trusted brands in the field of infrastructure thanks to its expertise and credentials, with more than 100 projects in the last 30 years.
John Laing was originally established in 1848 as a building company based in Carlisle, in the North West of England. It grew to become a major construction company in the United Kingdom and internationally, working on assets as diverse as the M1 motorway, Sizewell B nuclear power station and Coventry Cathedral. In 1953, John Laing plc was listed on the London Stock Exchange.
Our business is organised across three key areas of activity:
- Primary Investment: we source, originate, bid for and win greenfield infrastructure projects, typically as part of a consortium in the case of PPP projects. Our Primary Investment portfolio comprises interests in infrastructure projects which are in the construction phase.
- Secondary Investment: we own a substantial portfolio of investments in operational infrastructure projects, almost all of which were previously part of our Primary Investment portfolio.
- Asset Management: we actively manage our own Primary and Secondary Investment portfolios and provide investment advice and asset management services to two external funds. The John Laing Environmental Assets Group (JLEN), and a privately owned investment entity JURA Infrastructure Limited (formerly called JLIF) through John Laing Capital Management Limited (JLCM), which is regulated by the Financial Conduct Authority (FCA).
We create value by originating and investing in new greenfield infrastructure investments
Post-construction, these investments are designed to produce long-term predictable cash flows that meet our rate of return targets.
Once operational, investments move from our Primary Investment portfolio to our Secondary Investment portfolio.
Operational investments can be sold to secondary market investors who target a lower rate of return consistent with the reduction in risk for assets that have completed construction. These realisations release capital to recycle into primary investment opportunities.
Alternatively, investments can be retained in the portfolio after construction to generate a cash yield and also offer potential for further value enhancement from changes that improve project cashflow.
Our asset management activities focus on management and reduction of project risks, especially during the construction phase, and enhancement of project cash flows.