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

Infrastructure and Transport

Allen & Overy’s Global Infrastructure Group comprises specialists based across our global network who regularly work together on multi-jurisdictional transactions. Our experience, gained from advising on some of the most high-profile and strategic infrastructure deals in the market, enables us to provide expert support to clients on complex transactions in a challenging economic and regulatory climate.

As governments continue to embark on infrastructure asset capital building and/or recycling programs and private participants seek to both exit and enter the asset class, we continue to see increasing opportunities for infrastructure investors. Our global reach, sector expertise and local knowledge ensure we can assist quickly in assessing and advising on transactions across the lifecycle of infrastructure assets.

We view infrastructure assets in the same way as our clients. We take a cross-disciplinary approach and provide the legal solutions needed on any infrastructure investment or activity. We cover the full asset life cycle from creation to acquisition, the raising of sponsor or debt capital to ongoing portfolio management, restructurings and asset sales, as well as exit strategies. Our experts are able to identify quickly any obstacles or risks to a deal and provide innovative commercial solutions. In addition, our team has been involved in many complex “market first” transactions, demonstrating extensive strength and depth.

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 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, 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.


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

Long exposure shot of traffic lights moving over a road.

Publications: 10 January 2023

The EU and UK adopt further sanctions against Russia

At the close of 2022, and with the war in Ukraine entering its tenth month, the EU and the UK adopted further sanctions packages against Russia. The latest sanctions packages include further asset…

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Solar panels

Publications: 29 November 2022

Podcast: A global perspective on accelerating decarbonisation through infrastructure and carbon markets

David Lee, partner and head of the global infrastructure group, senior associate Victoria White, and Phil Beattie, head of strategic relationships at SparkChange, join Brenna Speiser, senior manager…

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Server room

Publications: 07 July 2022

Growth of ‘core plus’ infrastructure investing puts spotlight on diligence and deal terms

The evolution from core to core plus investment is changing the asset class. Over the past ten years the types of assets that infrastructure investors have been willing to buy has been steadily…

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View of office space from external window

Publications: 07 July 2022

Global M&A transactions drop over 20%, but bright spots remain

The value of global M&A transactions dropped 21% when compared to the record high of H1 2021, although deal values still broke USD2 trillion.

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