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Allen & Overy advises on GBP2.3 billion Green Investment Bank privatisation

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Lee David
David Lee

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Evans Richard
Richard Evans

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Bevan Jonathan
Jonathan Bevan

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Bayliss Lorraine
Lorraine Bayliss

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Castle Andrew
Andrew Castle

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Williams Nick
Nick Williams

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Pickersgill Sara
Sara Pickersgill

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Goransson Lisa
Lisa Goransson

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Denny Andrew
Andrew Denny

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Sarah Henchoz

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Mark Friend

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20 April 2017

​Allen & Overy has advised the consortium comprising Macquarie Capital, Macquarie Infrastructure and Real Assets and the University Superannuation Scheme on the GBP2.3bn privatisation of the UK’s Green Investment Bank – the pioneering body created in 2012 by the UK Government which has supported nearly 100 green infrastructure projects in the UK to date.

Over 60 lawyers across seven A&O offices and multiple product groups were involved in advising on this matter. The team advised the consortium throughout the process, including on an extensive due diligence exercise in addition to the M&A, antitrust, environmental and financing aspects of the deal.
 
Global Head of the Infrastructure Group, David Lee, who co-led the team advising on this matter with infrastructure partner Richard Evans, commented: “We are delighted to have acted for the consortium on such a complex privatisation.  Our work involved a huge number of lawyers across disciplines and sector groups and underlies the strength of our infrastructure practice. The ability to provide expert specialist advice with market leading sector knowledge enabled us to support our clients through the Brexit vote, change of government, a judicial review challenge and the recent general election announcement.”
 
The key A&O partners involved across disciplines and sector groups included David Lee, Richard Evans, Jon Bevan, Lorraine Bayliss, Chris Andrew, Andrew Castle, Nick Williams, Sara Pickersgill, Lisa Goransson, Andrew Denny, Sarah Henchoz and Mark Friend. 
 
For further information, please contact Susanna Robinson, susanna.robinson@allenovery.com on +44 (0)20 3088 3918.