26 Apr 2012 | 11:16 am |
International law firm Pinsent Masons has advised BAA on the sale of Edinburgh Airport in a deal reported to be worth over £807m.
Global Infrastructure Partners, the independent fund that invests in infrastructure assets worldwide, was the successful bidder, beating off stiff competition from a number of other parties.
The team was led by Manchester-based Projects partner Nick Ogden, Glasgow-based Corporate partner Kevin Devanny and Belfast-based Corporate partner Richard Gray.
Nick Ogden says:
"We are delighted to have acted for BAA on this matter. Edinburgh Airport is a prize asset with a proven income stream, so demand was understandably high. By running multiple, concurrent bids from across our network of UK offices, we hope we have played our part in ensuring that our client and its shareholders obtained the best possible outcome in this transaction."
The firm has a strong track-record in the sale of infrastructure assets. In 2011 lawyers at the firm advised on the sale of Forth Ports to Arcus Infrastructure Partners, while in previous years the team acted on the disposal of Exeter City airport and Ferrovial's sale of Belfast City Airport Limited in a £132.5million deal.
International law firm Pinsent Masons has joined Climate Bonds Initiative's Partners Programme, an international network mobilising debt markets to tackle climate change and finance green solutions.
International professional services firm Pinsent Masons has today announced the launch of the "Spark Board" to bring a new perspective to strategic decision-making at the firm.
International law firm Pinsent Masons has launched a virtual internship enabling students to gain valuable experience of working as a lawyer within its business.
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Pinsent Masons has won the Energy & Infrastructure Projects Team of the Year award for its work for TfL in securing consent for the proposed £1bn Silvertown Tunnel in East London.
International law firm Pinsent Masons is advising Yorkshire based Premier Technical Services Group plc on its recommended acquisition by an entity set up by the Australian investment group Macquarie.
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