13 Aug 2015 | 03:03 pm | 1 min. read
International law firm Pinsent Masons advised on the Priority School Building Programme (PSBP) Midlands, its fourth priority school close.
Today marks the close of the fourth batch of the Education Finance Agency's (EFA) Priority Schools Programme. This batch, for the Midlands, is to provide the construction, financing and provision of services to eight secondary schools across the region, involving a combination of replacing existing school buildings and providing a range of new facilities for pupils and teachers.
PSBP Midlands Limited, a special purpose vehicle created by a 50:50 joint venture of Carillion and Equitix will be responsible for the delivery of the batch. Construction work will be undertaken by Carillion Construction Limited and services and services by Carillion AMBS Limited. As with other batches, finance will be provided by the Amber-led Aggregator, through the European Investment Bank and Aviva. PSBP Midlands were supported by international infrastructure law firm, Pinsent Masons LLP, with a team lead by partners Gillian Frew and Jon Hart and senior associate Chris Owens.
Director of PSBP Midlands Limited, Simon Green, said: "The Carillion and Equitix joint venture are delighted to have had the opportunity to work together in bringing this latest chapter of the EFA's programme to close, and look forward to working with the EFA and individual schools over the months and years to come in delivering this hugely important project for the Midlands.”
Pinsent Masons Projects Partner, Jon Hart, said: "Pinsent Masons is very proud of its position as a member of the Carillion Legal Network and for its track record of working with Equitix across a range of different projects. The close of the Midlands batch of the PSBP demonstrates that the EFA has established an effective project finance model for delivery of new schools and improving the learning environment for pupils and teachers alike."
The EFA was advised by Ashurst, team led by Senior Associate David Hartley.
The Aggregator was advised by BLP, team led by Partner Mark Richards and Associate Ed Stewart.
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Multinational law firm Pinsent Masons has hired Gillian Harrington to join the firm’s Aberdeen office as employment partner from 6 May.
Multinational law firm Pinsent Masons has hired corporate partner, Rachel Soundy, to join the firm’s Birmingham office.
Multinational law firm, Pinsent Masons LLP, has advised IGCF VI Euro, L.P. a sub-fund of Balbec Capital LP, a global alternative investment manager headquartered in the United States on its first European public securitisation in relation to the issuance of notes totalling EUR 392 million backed by a portfolio of reperforming Spanish mortgage loans, arranged by Goldman Sachs.
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