Baker & McKenzie has advised LSE-listed investment fund BBGI SICAV S.A. [BBGI] on its acquisition of two educational Public-Private Partnership Funds in Northern Ireland. The deal was announced by BBGI on 29 July 2015.

Led by London-based Energy and Infrastructure Partner Marc Fèvre, the team advised BBGI on its acquisition of Belfast Metropolitan College PPP and North West Regional College PPP from John Graham Holdings. BBGI has acquired 100 percent of the equity and subordinated debt of the two projects for GBP11.7m. The team also comprised Senior Associate Graham Richmond, Associate James Heller and trainee Andrew Rose.

Commenting, Marc Fèvre said: "We are delighted to have advised BBGI on its recent significant PPP acquisitions. These deals are testament to our experience and expertise in advising infrastructure funds and leading players in the secondary market infrastructure space, as well as on PPP and PFI projects in the UK."

Belfast Metropolitan College comprises two teaching facilities and an engineering facility with associated car parking. North West Regional College is a teaching facility for business, computing, tourism and hospitality based in Londonderry. Both projects are operational. The concessions run until August 2027 and January 2026 respectively.

This is Baker & McKenzie's second transaction for BBGI. In June 2015 the Firm advised the LSE-listed investment company on its acquisition of a 30 percent stake in the Avon and Somerset Police PPP from Galliford Try Corporate Holdings Limited. The GBP82m project involves the development of a new headquarters for Avon and Somerset Police. The 25-year project runs until March 2039.