Dalmore Capital and Equitix Investment Management are set to acquire the John Laing Infrastructure Fund (JLIF) for £1.45bn following an offer made last month.
Dalmore and Equitix currently manage about £6.5bn of UK assets, mostly for pension funds.
JLIF has investments in numerous energy and infrastructure projects. It said the deal represents a 23.6% premium on its share price at close of trading prior to the announcement of the offer from Dalmore and Equitix.
JLIF chairman, David McLellan said the offer represents an “attractive premium” and a “certain return” for shareholders and is “in their best interests”.