Allen & Overy is advising a consortium comprising InfraRed, Equitix and the National Pension Service of Korea (managed by InfraRed) on its acquisition of 100% of the HS1 group from pensions funds Borealis and the Ontario Teachers.

HS1 operates and maintains the track and infrastructure on the 67-mile high-speed rail line between London St Pancras International station and the Channel tunnel, including the four stations served by the route. The high-speed passenger railway carries Eurostar and Southeastern commuter services, used by about 20 million passengers a year.

The A&O team comprised infrastructure specialists from across the firm, led by infrastructure partners Sara Pickersgill and David Lee, assisted by senior associates James Norris and Paul Hill, and associates Catriona Chau, Chris O’Hara, Matt Smith, Devdeep Ghosh and Tian Sun.  Partner Jonathan Bevan provided rail regulatory advice.