Back to TFG Asset Management Press Releases

Laing Rourkesold its full shareholding (40%) in the Barnsley BSF project to Equitix

03 Mar 2015

Laing Rourke (LOR), the multinational construction company, sold its full shareholding (40%) in the Barnsley BSF project to Equitix for a consideration of £34.5m.

The project which was delivered through the Government’s Building Schools for the Future Programme delivers 8PFI funded educational facilities within the Barnsley area. In addition, there are also 3 authority funded projects within the programme. All facilities are fully operational and are providing enhanced educational facilities for both teachers and pupils within the borough. Construction was undertaken by Laing O’Rourke and John Laing.

About Equitix:

 Equitix was established in 2007 and is based in London. Equitix is an integrated core infrastructure asset management and primary project platform and typically invests in UK infrastructure projects with long-term revenue streams across the healthcare, education, social housing, highways and street lighting, offshore transmissions and renewable and waste sectors. Tetragon (TFG) owns 85% of the business; over time, TFG’s holding is expected to decline to approximately 74.8%. Management own the balance. Equitix Investment Management Limited is authorised and regulated by the UK Financial Conduct Authority. 

This release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any state or jurisdiction.