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.
Multinational law firm Pinsent Masons has advised NTR PLC on the acquisition of a 54MW portfolio of co-located solar and battery storage projects in County Wexford, Ireland, from renewable energy developer RES.
Multinational law firm Pinsent Masons has advised propco investor LDC Care Homes and its asset and investment manager Elevation Advisors on the migration of a care homes portfolio from Four Seasons Health Care Group (FSHC) to new operators.
Multinational law firm Pinsent Masons has advised Teva Pharmaceuticals’ subsidiary, Actavis Group PTC, on the successful €84m sale of a suite of consumer healthcare products to Karo Pharma AB (Karo).
Multinational law firm Pinsent Masons has been appointed to the UK Government's new Trade Law Panel in an international consortium with BakerHostetler in the USA, and Fasken in Canada, to advise on international trade law disputes.
Multinational law firm Pinsent Masons has won Belt and Road Deal of the Year and Overseas Deal of the Year awards for the firms work on the Red Sea Tourism Mega Project in Saudi Arabia and Mexico City's Subway Line Construction Project respectively.
Multinational law firm Pinsent Masons has advised on the commercial close of four dialysis centres – a pathfinder public private partnership (PPP) implemented in Uzbekistan.
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