Shearman & Sterling London managing partner Kenneth MacRitchie advised European Investment Bank as lender for £300m senior debt in the £1.8bn financing of the London Underground PPP for the maintenance and upgrade of the Jubilee, Northern and Piccadilly lines by Infraco JNP – indirectly owned by sponsors Bechtel, Tubelines and Jarvis. London Underground was advised by Freshfields Bruckhaus Deringer finance partners Jeffrey Rubinoff and Richard Phillips. Lovells advised Tubelines, led by projects partner Mike Matheou. Norton Rose advised the senior funders, led by head of banking Jeffrey Barratt and projects partners Tom Day and David Crane.
An Addleshaw Booth & Co team, led by PFI and project group partner David Hartley, has closed a £32m schools PFI deal advising the Kajima Partnership. The project to design, build, finance and operate three primary schools and one secondary school in the London Borough of Ealing closed in just 16 weeks. The council was advised by Devonshires‘ PFI partner Paul Buckland. The funder, Sumitomo Mitsui Banking Corporation was advised by CMS Cameron McKenna banking partner Jason Davies.
