Mourant Ozannes advises John Laing Environmental Assets Group on LSE listing

Mourant Ozannes has advised John Laing Environmental (JLEN) Assets Group on all Guernsey-related aspects of its listing on the main market of London Stock Exchange (LSE) to raise gross proceeds of £160m in its placing and initial public offering of ordinary shares.

The proceeds of the issue will be used to acquire the initial portfolio, which consists of investment interests in:

  • One solar project
  • Three onshore wind-farm projects
  • Two waste processing projects
  • One wastewater treatment project

The Mourant Ozannes Guernsey corporate team comprised partner Darren Bacon and senior associate Richard Holden.

Mourant Ozannes worked with London law firm Hogan Lovells to complete the deal. Norton Rose Fulbright advised both Barclays Bank (sole global co-ordinator, sponsor and bookrunner) and Winterflood Securities (co-lead manager).