While Sydneysiders gawk at the glitzy new Sydney Metro, the dealmakers of KKR-owned infrastructure investor John Laing have pulled into the CBD with a train deal of their own.
Street Talk can reveal John Laing is set to become the largest investor in the Sydney Light Rail network’s public-private partnership, after agreeing terms to acquire Aware Super’s 62.5 per cent slice. It already had a 32.5 per cent stake, and will now climb to 95 per cent.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
