We’re in a transformational period in the project finance space. This is due to a growing demand for financed projects with the overlay of the net zero agenda, associated and complementary infrastructure and, within the UK, the national infrastructure strategy.
At Browne Jacobson we’re proud to drive a direct and positive impact on economic and social prosperity through our project finance work.
Our highly-experienced and approachable project finance lawyers advise across the full stakeholder group on private and PPP/PFI project finance transactions and provide a unique offering with a combination of a cutting-edge public sector practice and a sophisticated private sector practice.
Like you, we’re dedicated to achieving net-zero. And we’re here to help you invest in and develop clean energy technology and infrastructures, whilst helping them to navigate increasingly frequent and complex challenges and opportunities.
We’re committed to supporting you with both the commercial and financing aspects of a project. Taking into consideration legal and regulatory requirements and current sector environment to guide you from the structuring of debt and agreement of term sheets through to the negotiation of project finance documentation.
Our integrated and multi-disciplinary team of specialists prides itself on its vast experience in delivering bankable project documents and carrying out due diligence across all project contracts. We combine this expertise with other finance structures to advise on the acquisition of energy and infrastructure assets and the refinancing of operational assets.
Most importantly, we're known for our collaborative approach. For our deep understanding of different stakeholder perspectives plus all commercial and legal requirements. This enables us to consistently provide well-rounded, innovative, solutions focused advice. In multi-layered project structures, we consider this approach to be fundamental to ensuring a smooth and efficient transaction.
With our close working relationship with Midlands Engine, in connection with sustainability policy and strategy, we are assisting in developing its ‘Green Growth Action Plan’, chair its ‘Green Growth Board’ and engage with industry, academic and public partners and our membership of the Energy and Utilities Alliance, a leading industry voice helping to shape future policy direction within the energy sector.
Advised First Sentier Investors on their c. billion pound acquisition of SSE’s stake in the Multifuel Energy-from- Waste joint venture and their subsequent acquisition of Wheelabrator UK’s operations.
Advised WEFO on a significant £31m funded tidal energy project located in Wales which will, once developed, be one of the largest tidal stream sites in the world enabling tidal stream developers to test and advance tidal technologies.
Advised Suez SA on its acquisition of the entirety of the Suez UK Recycling and Recovery Business.
“Paul Hill is a star, he stands out. I see him as proactive, pragmatic and adept at putting structures together”
"[Paul Hill] is an experienced and strong projects and infrastructure finance lawyer who is also enjoyable to work with. He has deep sector knowledge and provides top-quality, insightful and practical advice, often on tight deadlines. He is very focused, commercial and good at getting into the matter at hand”
“…The firm demonstrated real depth across its energy and infrastructure practice in assisting the delivery of a string of high profile and complicated transactions for us [providing] an excellent value proposition…and delivering top-quality advice underpinned by deep sector knowledge and an appreciation of our commercial needs”
In a judgment handed down yesterday the Supreme Court has affirmed that a so called “creditor duty” exists for directors such that in some circumstances company directors are required to act in accordance with, or to consider the interests of creditors. Those circumstances potentially arise when a company is insolvent or where there is a “probability” of an insolvency. We explore below the “trigger” for such a test to apply and its implications.
The Supreme Court has unanimously dismissed the BTI v Sequana appeal and reviewed the existence, content and engagement of the so-called ‘creditor duty’; being the point at which the interest of creditors is said to intrude upon the decision-making of directors of companies in financial distress.
There are clearly challenging macro-economic factors at play but at Browne Jacobson we continue to see good levels of transactional activity with certain sectors being particularly buoyant: healthcare, financial services, energy & infrastructure and tech.
Browne Jacobson continues to see good levels of transactional activity with certain sectors being particularly buoyant: healthcare, financial services, energy & infrastructure and tech.
Browne Jacobson’s banking & finance lawyers have advised HSBC UK Bank plc on the financed management buy-out of Derby-based bicycle supplier and distributor, Moore Large for an undisclosed sum.
Browne Jacobson has broadened its national construction and engineering offering with the appointment of construction partner Zoe Stollard into its Birmingham office.
Browne Jacobson’s banking & finance team continues to go from strength to strength. Its volumes are currently 25% ahead of last year’s & over the last 12 months the team advised on over 300 transactions across various sectors.
Browne Jacobson’s banking & finance team continues to go from strength to strength. Its volumes are currently 25% ahead of last year’s & over the last 12 months the team advised on over 300 transactions across various sectors.
Over the last 12 months, the team which is made up of 14 specialist banking lawyers advised on over 300 transactions across various sectors including healthcare, private equity, financial services and tech. The deals have a combined value of £1 billion.
Browne Jacobson has appointed Graham Ball as the new head of its banking and finance team in Manchester following a period of sustained growth for the firm’s national banking practice.
What a difference a year makes! See our transaction updates and our confident output in the Banking and Finance team.
We explain the UK Community Renewal Fund priorities, submission and assessment of proposals and points to note for authorities.
During what has been a difficult few months, it has been encouraging to see the energy and activity amongst funders as they support businesses. We have been absolutely delighted to assist our clients during this difficult time.
How will the current extraordinary events impact the transactional market? The COVID-19 crisis has certainly created enormous challenges for the deal market.
For many corporates, cash flow has been the most difficult issue to manage in the wake of the Government restrictions around Covid-19.
COVID-19 is currently having an unprecedented impact on the global economy. The legal framework in place for lawfully declaring dividends has not been relaxed in light of the COVID-19 pandemic, so companies must take care to follow all of the usual rules when seeking to declare a dividend.
We’ve already discussed various practical implications that COVID-19 is having on M&A transactions, but if transactions are continuing to go ahead, what are some of the legal considerations to bear in mind in the current climate?
New measures have been announced today by HM Treasury and the Department for Business, Energy and Industrial Strategy, with the aim of supporting the UK’s community of next-generation technology businesses.
The effect of Covid 19 will likely impact a significant number of borrowers and lenders alike causing them to review their underlying finance arrangements to assess rights, protections and vulnerabilities.
Good news for personal insolvency practitioners, the High Court appears to have closed the door to claims by bankrupts seeking to recover pension contributions made via Income Payments Agreements.
In September 2019 Lloyd’s of London “… announced … actions designed to make [its] market a place where everyone can feel safe, valued and respected …” Read about the findings here.
National law firm Browne Jacobson has acted as legal advisers to Clydesdale Bank Plc on the management buy-out (MBO) of Wigan based company PE Systems.
Browne Jacobson has enhanced its reputation as one of the country’s leading M&A advisers according to the latest rankings data from Experian.
Browne Jacobson’s Manchester office has seen the value of deals which its corporate, banking and real estate teams have advised on exceed an aggregate of £500m in the first half of its financial year, a major milestone for the firm which has grown its transactions offering considerably over the same period.
On 31 October 2019, the UK could leave the EU without a signed withdrawal agreement. Read here for key points your business should consider.
Browne Jacobson has advised BGF and the shareholders of long-standing client TCL Group on the sale of the TCL business to idverde Group.
This article addresses the regulatory issues around Lloyd’s’ evidence of inappropriate personal behaviour (sexual discrimination / harassment, and alcohol / substance abuse).
Last month we reported that the House of Lords and House of Commons Joint Committee report on the draft Registration of Overseas Entities Bill had been published.
In this two minute video Shaun McCabe, banking and finance lawyer, talks about the evolving ABL landscape.
Banking and finance lawyer, Paul Hill, provides you with an update on infrastructure finance.
Companies should undertake a comprehensive review and audit to identify those products and legacy contracts that are LIBOR-linked and carry out an in-depth risk assessment of discontinuation. Where possible, companies should look at appointing an individual to oversee the programme.
Browne Jacobson's Nottingham office has advised the shareholders on the sale of Bridge Farm Group to Canadian cannabis producer Sundial Growers Inc for an undisclosed consideration.
National law firm Browne Jacobson has acted as legal advisers to Santander on a debt and growth capital facilities funding package as part of the management buy-out (MBO) of IDE Systems (Holdings) Ltd (IDE).
Browne Jacobson’s private equity team has advised NVM Private Equity (NVM) and the management of international marketing and communications group MSQ Partners on LDC’s investment into the company.
The UK general insurance market has for some time now been experiencing significant regulatory scrutiny, even pressure. There has been particular focus on the intermediation that procures customers' agreements with insurers, and the influence of intermediation on claims.
National law firm Browne Jacobson has advised new client OakNorth Bank on its debt finance deal with GroWell.
