Global Infrastructure Partners to acquire 25% stake in Scotia Gas Networks, advised by A&O
22 December 2021
GIP is a leading independent infrastructure investor while SGN is a critical UK infrastructure asset which operates two gas distribution networks in Scotland and the Southeast of England. SGN is also the second largest gas distribution network operator in the UK, supplying six million customers.
The transaction is expected to close in the first quarter of 2022, pending regulatory review and approvals.
Commenting on the deal, co-head of A&O’s Global Infrastructure Group, Sara Pickersgill said: “I am incredibly proud to have been able to support our client GIP on this deal, demonstrating once again A&O’s continued track record of advising on the biggest, most complex and strategically important infrastructure deals.”
The A&O team advising GIP was led by partner and co-head of the firm’s Global Infrastructure Group, Sara Pickersgill. She was assisted by senior associate Emma Shelston and associates Cathy Gilmartin and Holly Gardiner. Advice on financing was led by partners Ed Moser and Tim Conduit, assisted by associate Rhushub Bidd. Regulatory advice was provided by partner Mark Friend, senior associate Andrew Fincham and associate Lindsay Morison.