The chief government of John Laing, the British infrastructure investor, has resigned little greater than a yr after it was taken personal in a £2bn deal.
Sky News has learnt that Ben Loomes, who joined John Laing in 2020, has stepped down as chief government and can develop into the corporate’s vice-chair for a number of months earlier than leaving.
Mr Loomes, a well-regarded trade determine who beforehand ran the infrastructure arm of InfraRed Capital Partners, is claimed by one former colleague to be planning to pursue an government position in a personal equity-style fund with a give attention to vitality transition.
During his tenure at John Laing, he led a strategic overview and restructuring of its price base, whereas constructing a mid-market infrastructure funding operation alongside the corporate’s present Public-Private Partnership (PPP) enterprise.
Among the offers overseen by Mr Loomes at John Laing was its sale of Intercity Express Trains to AIP in September 2020 and funding in UK retirement dwelling with McCarthy Stone in April 2021.
He additionally led the sale of the group’s Australian wind portfolio to FSI in October 2020.
The takeover of John Laing by KKR came about at a 40% premium to the London-listed firm’s internet asset worth.
Since that deal accomplished, he was additionally appointed by KKR to the board of Clearway Community Energy.
Among John Laing’s different property are stakes in roads within the UK and Netherlands, and photo voltaic property in Australia.
John Laing couldn’t be reached for remark.
Source: information.sky.com”