England - London • Projects, energy and natural resources
Paul Hastings LLP
Counting a stellar list of transatlantic clients, Paul Hastings LLP ‘s growing London infrastructure team has been taking on an increasing number of instructions. The firm has been investing heavily in the practice, as evidenced by the hire of M&A expert Jessamy Gallagher and acquisition finance partner Stuart Rowson in 2023 who bring considerable expertise and market experience from their time at Linklaters LLP. The cross-border practice advises sponsors investing in the infrastructure market predominantly through M&A transactions, leveraging proficiencies in banking, capital markets and finance. Gallagher sits at the head of the group and possesses a strong understanding of the full range of assets from utilities to emerging digital developments, while co-head Rowson deals with the financing required to facilitate complex transactions. Infrastructure financing partner Derwin Jenkinson and M&A partner Steven Bryan left in autumn 2023.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
‘The team have a wide reach and extensive experience. It is clear that they work well together and the combined knowledge and execution ability is exceptional. The consistency and approach to client care marks them out as being ahead of the competition’
'The team is very knowledgeable in this space and combines it with a commercial outlook that is really helpful. They are adept in getting deals done in a tight timeframe and cut to the heart of the issues with ease.'
Key clients
- Amber Infrastructure
- Dalmore
- Allianz Capital
- John Laing Group (owned by KKR)
- Barings
- Readypower Group
- Castle Water
- Antin Infrastructure
- VTRM
- EIG Energy Partners
- Brookfield Infrastructure/ Brookfield Private Equity
- Arcus Infrastructure Partners LLP
- Hermes Infrastructure
- Salt Mobile SA
- Cosco Shipping Ports Limited
- Angel Trains
- Cory Riverside
- Nat West
- Nomura
- Jefferies
- Morgan Stanley Infrastructure Partners
- nLighten
- BofA Securities
- Fair Market Value Capital Partners
Work highlights
- Advised specialist infrastructure fund manager Amber Infrastructure and its related entities International Public Partnerships Limited (INPP) and Swiss Life Asset Managers, alongside co-shareholders Allianz Capital Partners and infrastructure fund manager Dalmore Capital Limited, on the purchase of a 10.66% shareholding in the Thames Tideway Tunnel from DIF Capital Partners.
- Advised John Laing in connection with the acquisition, and related financing, of the entirety of the shareholding interest in two special purpose vehicles, Electribus Bogotá USME I S.A.S. and Electribus Bogotá Fontibón II S.A.S. (collectively, the “Electribus Project”) which are responsible for the acquisition and commissioning of 259 electric buses for the public transport authority of Bogotá (SITP).
- Advising Cory on the acquisition financing of the McGrath Brothers waste business. The financing involved a holdco acquisition facility with recourse to both the equity value in the existing Cory operating company group and the McGrath business. The facility was structured with total loan life cover and DSCR financial covenants and a bespoke covenant package with limited “look-through” to the operating companies.
Lawyers
Hall of fame: Corporate M&A
Practice head
The lawyer(s) leading their teams.
Jessamy Gallagher, Stuart Rowson