Experience | Transactions & Projects

Mergers, acquisitions and joint ventures

Infrastructure development

Management /operating agreements

Due diligence

Equity & debt financing

Management buyouts

Acquisition and project finance

Privatisation / commercialisation

Public / private sector collaboration

Public procurement

Renewable energy

Financial appraisal and modelling

Project management

Stakeholder consultation

    Selected experience

    • The phased development of a new container/general purpose port in Turkey involving the grant of a concession, port operating agreement and the entry into a shareholders’ agreement regulating the relationship between the stakeholders.

    • The privatisation of a former naval dockyard and its development as a new commercial port.  Our work required the commercial terms to be enshrined in a framework that was congruent with Government policy and included the creation of specific clawback rights entitling Government to participate in future profits.

    • The privatisation of a public sector-owned UK port.  Conducted due diligence and created a unique structure, involving the grant of a concession (using long leasehold interests and a management agreement), an asset sale and purchase and complicated share rights permitting the public sector body to retain a future profit participation.

    • Under a World Bank contract, advised Chinese local and provincial government on the development of six fishing ports., including physical hardening against typhoon damage; port management before, during and after typhoons; and the demand-led design of shelter and berthing facilities for vessels.

    • The development of a major new deep sea container terminal at a UK port. Created and implemented legal, environmental and other strategies. Handled the consents process, resulting in no public inquiry and the application for a harbour revision order being submitted for decision within six months of first application.

    • A joint venture between a port and a power generator for the construction and operation of a multi-commodity bulk handling terminal and rail loading facility.

    • Advised a port authority on a proposed development by way of a concession of a ro-ro freight and passenger terminal, involving the preparation and negotiation of interlinked, multi-party development, leasing, operating and marine agreements.

    • Advised in respect of a £300 million investment by E.ON in the proposed Portbury Dock Renewable Energy Plant at the Port of Bristol, which will generate enough power for more than 200,000 homes by burning wood imported through the port.