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5m towards the deal which will see a management team led by managing director, Peter Taylor, take control of the two units, John Laing Partnership Limited (JLP) and John Laing Training Ltd (JLT).
Laing's two remaining housing businesses, Octagon Homes and John Laing Partnership, are earmarked for disposal -Octagon, the up-market homes business in which it has a 30 per cent stake, is likely to be sold next year and talks are already under way with a prospective bidder for John Laing Partnership.
Laing has since sold its stake in retirement homes specialist Beechcroft and now has only residual housing interests with a 30pc share of Octagon and its John Laing Partnership business.