Project finance and PFI in North West

DLA Piper

The team at DLA Piper has ‘delivered an excellent, knowledgeable and insightful service over many years’. Andrew Davies, acclaimed for his ‘calm, pragmatic and commercial’ style, heads the team which has a proven track record on national and international projects and continues to support public sector clients on complex regulated procurements. The ‘always availableLiam Cowell prides himself on his ability to successfully close infrastructure market deals, while at the junior end, the ‘excellentBen Morton and Lorna Pattison represents sponsors, funders and procuring authorities in relation to both energy and infrastructure projects.

Practice head(s):

Andrew Davies

Testimonials

‘Exceptional management and ability to think ahead of the programme. The team’s approach is very proactive and often drives the entire project. Importantly, no task is too little or large and timescales are routinely met under very tight deadlines. Appropriate and high quality resource is always available. Response times to calls or queries is outstanding and all issues are followed up without fail.’

‘Liam Cowell is always available and steps in when required. Appropriately forthright when needed. He manages the team well and installs high levels of confidence in advice to client, allowing projects to proceed accordingly.’

‘Ben Mortons’s work output is excellent, timely, exceptionally well articulated and always right first time. Great ability to forecast coming pressure and demands and deploy team according.

‘Hayley Mason’s project and contract knowledge is superb and invaluable to the client. The project would not have progressed at the same pace if the Hayley’s knowledge and advice was not available to the client in such responsive manner.’

‘Andrew Davies is the lawyer’s lawyer, par excellence. Calm, helpful, pragmatic, commercial, great knowledge of the sector.’

‘DLA Piper team have over many years delivered an excellent service, knowledgeable and insightful, easily contactable, but most importantly their advice has been solid and reliable. Particularly when compared with the legal advice that the other parties have received.’

‘The team is responsive, organised, and patient and diplomatic in dealing with our partners and supply chain. Great experience and knowledgebase.’

‘Andrew Davies, Ben Morton and Abigail Matthews bring extensive PFI experience, together with a practical, commercially aware approach rather than the academic legal approach we get elsewhere. Their understanding of the full hierarchy of the contracts stops us making mistakes that cannot be passed on to the supply chain.’

Key clients

Welsh Government

Balfour Beatty Investments Limited

Greater Manchester Combined Authority

Vital Energi

Sellafield Ltd

Transport for Greater Manchester

Kelda Water Services Limited

Mersey Gateway Crossing Board Limited

InfraRed Capital Partners

Semperian PPP Investment Partners

Dalmore Capital Limited

Equitix

KEPCO

London Energy

Brookfield Asset Management

Avrenim Facilities Management

Tees Valley Combined Authority

Lloyds Bank

Work highlights

  • Advised Greater Manchester Combined Authority on the procurement of c£1bn of services contracts to provide the services previously provided pursuant to the Manchester Waste PFI Contract. This project involved the development of a new model of standard form contract.
  • Advising Welsh Minister on the groundbreaking A465 Roads Project.  This is a pathfinder project in the sector which has included the development of a new form of model contract.
  • Advising Sellafield Limited on the procurement of c£1bn of nuclear waste encapsulation units.

Pinsent Masons LLP

Pinsent Masons LLP focuses on matters in the nuclear, energy and infrastructure sectors with projects undertaken spanning schools, hospitals, real estate development and regeneration, waste, rail and offshore wind, among others. The team has expertise in a range of procurement structures including incentivisation and Project 13 models, PPP, alliancing, LABVs and contractor finance projects. Scot Morrison is a specialist in the structuring of PPP joint venture vehicles and partnership structures promoted by government bodies. Elsewhere, Graham Alty can be relied upon for hotel, leisure and office construction finance projects. The team, which is extremely active on cross-border projects, is jointly led by Alty, Morrison, Nick Ogden and Mark Job.

Key clients

Cayman Port Project

Heathrow Express Operating Company Limited & Heathrow Airport Limited

Sellafield Limited

Ministry of Justice

United Utilities

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Balfour Beatty

Laing O’Rourke

Morgan Sindall Plc – Priority Schools

Galliford Try Building Limited

E.ON

Work highlights

  • Advised the Cayman Island Government in relation to a $300m 30-year Design Build Finance Maintain contract and associated Environmental Impact Assessment, consenting, finance, early works and berthing agreements for new port facilities for Cruise Lines and Cargo.
  • Advised Transport Infrastructure Ireland in relation to its original €2bn Metrolink PPP and now its new €3bn PPP for a new north/south above/below ground metro in Dublin.
  • Advised the London Borough of Harrow in respect of the procurement of a private sector joint venture partner for a £2.5bn transformational project to develop three core sites in Harrow to support the Council’s regeneration programme and to also deliver a new civic centre.

Addleshaw Goddard

At Addleshaw Goddard, Andrew Pettinger heads the practice alongside Michael O’Connor, an expert in public, private and project finance transactions across a range of infrastructure and social infrastructure sub-sectors, namely healthcare and rail. The team also represents public sector bodies and private sector sponsors in addition to debt and equity investors in a range of other project such as those in the water, transport, renewables, housing and education sectors. Legal director Rob Thompson is an up and coming name for project finance, major capital projects and outsourcing work.

Other key lawyers:

Rob Thompson

Key clients

Kajima Partnerships Limited

Fulcrum Infrastructure Management Limited

Imagile Group Limited

Semperian

Bilfinger Berger Global Infrastructure Funder

Meridiam Infrastructure Fund

GB Partnerships Limited

Equitix

InfraRed Capital Partners

Clatterbridge Cancer Centre NHS Foundation Trust

Muse Developments

North tees and Hartlepool NHS Foundation Trust

The Council of the City of Salford

West Midlands Combined Authority

Blackburn with Darwen Borough Council

Manchester City Council

Tameside Metropolitan Borough Council

Cheshire East Council/Connecting Cheshire

Cumbria County Council

Oldham Metropolitan Borough Council

Trafford Metropolitan Borough Council

Burnley Borough Council

Cheshire West & Chester Council

York City Council

Leeds City Council

Luton Borough Council

Reading Borough Council

University Hospitals of Derby and Burton NHS Foundation Trust

Guys and St Thomas NHS Foundation Trust

STEP Springfield Village Ltd

Fulcrum Infrastructure Group Limited (FIG) and Fulcrum Infrastructure Management Limited

Manchester University Hospitals NHS Foundation Trust

Liverpool University Hospitals NHS Foundation Trust

GlaxoSmithKline

GB Partnerships Limited

Imagile Group Limited

York Teaching Hospital NHS Foundation Trust

Lancashire and South Cumbria NHS Foundation Trust

Cambridge & Peterborough (NHS) Foundation Trust

Assura Medical

Bupa Care Homes Mercia Healthcare

Royal Liverpool and Broadgreen NHS Foundation Trust

NHS Improvement

Northumbria Healthcare Foundation Trust

Newcastle Upon Tyne Hospitals NHS Foundation Trust

Serco Limited

Liverpool and Sefton Health Partnerships Limited

Thermo Fisher Scientific

Clinigen Group Plc

North Tees and Hartlepool Hospitals NHS Foundation Trust

South London and Maudsley NHS Foundation Trust

Bradford NHS Foundation Trust

Royal Free London NHS Trust

Department for Transport

Merseytravel

Road Haulage Association

London Luton Airport

Sealink Travel Group

West Midlands Combined Authority

Transport for Greater Manchester

Transport for London

Manchester Airport Group

Volkswagen AG

West Yorkshire Combined Authority (WYCA)

Work highlights

  • Advising United Utilities on the procurement of the replacement of a drinking water aqueduct using a new model of project finance (“direct procurement for customers”).
  • Advising Manchester University NHS Foundation Trust on numerous operational matters on its two PFI projects at Wythenshawe Hospital and the Oxford Road Campus.
  • Advising Salford City Council on the remediation of a number of PFI tower blocks.

CMS

CMS handles a range of redevelopment and regeneration matters in addition to projects in the defence, waste, energy, health, IT, telecoms and transport sectors. PFI disputes are also an area of strength.

Eversheds Sutherland (International) LLP

Eversheds Sutherland (International) LLP has specialist knowledge of projects in the health, energy, waste, accommodation, regeneration, housing and transport sectors. Transactions procured via joint ventures, PFI, PPP and PF2 are particular strengths.

Squire Patton Boggs

Nick Helm is practice head at Squire Patton Boggs; his practice revolves around representing sponsors, bidding consortia, contractors and subcontractors and funders, as well as public sector clients, on project finance and PPP schemes. Among the team’s key sectors are transport, energy and infrastructure, covering offshore wind, nuclear and rail. Clean air projects have also been a recent focus, including PFI-related matters.

Practice head(s):

Nick Helm

Other key lawyers:

Julian Scott; Andrew Herring

Testimonials

‘The team is small compared to many of its peers, but its expertise is strong, as is the partner involvement.’

‘Nick Helm is a trusted pair of hands who is able to turn his skills to many different sectors and issues.’

Key clients

Equitix

Galliford Try Investments

Dolphin (Costain Pension Fund)

Vital Energi

Gresham House

Statera

Keele University

Magnox Limited

Federal Authority for Nuclear Regulation (FANR)

EDF Energy

Peel Group

Muse Developments

Warrington Borough Council

Preston City Council

Manchester City Council

Leeds City Council

Transport for Greater Manchester

MHI Vestas Offshore Wind A/S

Work highlights

  • Acting for EDF Group in relation to the acquisition of British start-up Pivot Power.
  • Acted for Muse Developments Limited on the joint venture with Wirral Borough Council for the Wirral Growth Company – Property/Asset JV (£1bn Wirral regeneration opportunity).
  • Advised Vital Energi on its 18MW energy from waste scheme sited at Drakelow, Burton-upon-Trent.