Pinsent Masons advises Ferrovial on £385m acquisition of Enterprise

Corporate Partner Gareth Hughes and senior associate Emma Shield led a cross-departmental team advising the Spanish infrastructure company on the transaction, which will double the size of its UK infrastructure services footprint. Enterprise will be combined with Amey, which was acquired by Ferrovial in 2003.

Ferrovial operates in the UK through its Construction, Services and Airports Divisions.

The combined company will offer services across the transport, utilities, justice, environmental services and facilities management sectors as well as consulting and asset management. The move gives Ferrovial a presence in new markets including utilities, social housing and defence. 

Lead Partner, Gareth Hughes, said:

"This transaction pulled together a multi-disciplinary team across Pinsent Masons and is further evidence of the firm's corporate expertise in the infrastructure sector.

“It’s a significant transaction for Ferrovial and Amey and we are delighted to have been involved in a deal that further expands their presence in the UK."

The combination of Enterprise and Amey is expected to complete in April, subject to approval by the European Commission. The company will have 21,000 employees and a turnover of £2.3bn.

Ferrovial Services CEO, Santiago Olivares, said:

"The acquisition of Enterprise will create value through synergies derived from integrating into Amey. The deal strengthens our position in markets with growth potential. In terms of client types, range of services and geographical footprint, the two companies are highly complementary and offer great potential to share resources."

Pinsent Masons has a longstanding relationship with Ferrovial providing advice on matters relating to the sale of Edinburgh Airport and Belfast City Airport.