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Series of roads and buildings in urban area
Series of roads and buildings in urban area

Infrastructure and Transport

Opportunities for infrastructure investors are increasing, in both traditional assets and across the wider spectrum.

  • Interest in energy infrastructure – offshore wind, battery storage, EV charging and hydrogen projects – and digital infrastructure, including FTTH and data centres, is on the rise.
  • A desire for operational improvements, development platforms, and expansions of existing businesses as a route to net zero is leading the drive towards climate and sustainable infrastructure using public and private investment.
  • Governments are continuing capital asset building and recycling programs. This underlines the importance of being able to weigh up the relative attractiveness of a market or investment opportunity designed by one Government as compared the opportunity created by another.

Private participants are looking to both exit and enter the infra asset class.

Allen & Overy’s global reach, local knowledge and sector expertise ensures we can help clients to:

  • evaluate competing investment opportunities
  • quickly assess transactions
  • maximise prospects across the whole lifecycle of infrastructure assets.

We have an unparalleled ability to provide expert support on complex transactions in the challenging economic and regulatory climate. Our experts identify any obstacles or risks to a deal, and provide innovative commercial solutions.

Our Global Infrastructure Group leverages our network of specialists worldwide, who successfully collaborate on multi-jurisdictional transactions. They have experience advising on some of the most high-profile, unique and strategic infrastructure deals in the market. Our knowledge of specific local regulations and market design enables us to provide weighted risk analysis and benchmarking across different markets.

Our cross-disciplinary approach provides the legal solutions needed on any infra investment or activity. We cover the full asset life cycle from initiation to acquisition, the raising of sponsor or debt capital to ongoing portfolio management, restructurings and exit strategies.

Key experience 

Southern Water

Macquarie Infrastructure and Real Assets on the acquisition of a majority stake in Southern Water.

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Iberwind Portfolio

Ventient Portugal, Lda in connection with the refinancing of the Iberwind portfolio assets, one of the largest wind portfolios in Portugal.

euNetworks

euNetworks Holdings Limited on the establishment of a new common terms financing platform to fund the construction and development of the next generation of critical bandwidth infrastructure in Europe.

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České Radiokomunikace a.s.

Cordiant Digital Infrastructure Limited (CDIL) on its acquisition of České Radiokomunikace a.s., a leading telecommunications, media and technology infrastructure and services provider in the Czech Republic

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Lineas

Lineas, the largest private rail freight company in Europe on landmark partnerships with Beacon Rail and Ermewa through sale-and-leasebacks of part of its rolling stock.

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FirstGroup America

FirstGroup America, subsidiary of FirstGroup plc represented in connection with a structuring, formation & documentation of a joint venture for its First Student & First Transit businesses for vehicle fleet electrification, charging infrastructure & battery storage solution.

Recognition

EMEA Firm of the Year for acquisitions – IJInvestor Awards 2021

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A&O’s PENRI practice recognised as top adviser in 2020

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22 awards at the 2021 IJ Global awards

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News and insights

Stock exchange market graph on a digital screen

Publications: 13 March 2024

Cartel enforcement tops the antitrust agenda

Overall, global fines for cartel activity in 2023 (USD1.9 billion) were broadly in line with the 2022 total (USD2.1bn). However, regulators in the EU recorded significant drops in actual fine levels,…

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Coding on an LCD computer screen

Publications: 28 February 2024

Digital M&A runs into antitrust hurdles with consumer, life sciences, transport and energy deals also targeted

Digital/tech M&A faced antitrust stumbling blocks as authorities ramped up merger control enforcement in the sector. Overall, however, antitrust intervention in 2023 focused on consumer, life…

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Close up of a red metal structure

Publications: 27 February 2024

EU sanctions and the no re-export to Russia requirements

The EU has extended the scope of its sanctions against Russia by requiring EU parties that are selling or leasing aircraft to most countries outside the EU to prohibit the re-export of those aircraft…

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formula 1 car at pitstop

Publications: 26 February 2024

No patents, no problem: how Formula 1 technology races ahead without patent protection

As arguably the most technologically advanced sport in the world, where cutting-edge R&D is critical to achieving results on the track, it would be reasonable to assume that patents play a pivotal…

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