We are delighted to announce that Cintra / Ferrovial and John Laing have agreed to acquire an additional 22.5% in I-77 Mobility Partners, the company developing and operating the I-77 Express Lanes project in Charlotte (NC), at an implied valuation of US$536m for 100% of the equity.
This transaction reinforces WSC’s strong track record in the infrastructure space since our initial investment in 2015 and validates our strategy of sourcing bilateral deals in sectors where we have in-depth knowledge and actively managing them to generate above-market returns.
WSC’s world-class transportation team will continue to seek superior risk/return capital deployment opportunities alongside large industrials in a sector which currently offers a unique investment proposition, primarily in the Americas and Europe.