Ashurst advised Equitix on the establishment of co-investment structures which, alongside Equitix Fund IV and other consortium members, acquired the stakes held by Ontario Teachers' Pension Plan and Borealis Infrastructure in the HS1 high speed rail line.

The HS1 concession runs to 2040 and has an enterprise value of over £3 billion.  HS1 includes the iconic London St Pancras train station and consists of a 109 km high speed rail line connecting London to a high speed commuter service throughout Kent and to European cities via the Channel Tunnel.

Nick Goddard, investment funds partner, led an international Ashurst team, which involved specialist lawyers from Ashurst's London, New York, Washington and Tokyo offices. The team included partners Jake Green, Margaret Sheehan and Kensuke Inoue (regulatory/securities law), Tae Jeon (finance/ERISA), counsel Alastair Ladkin (tax) and associates Elisha Rai (funds) and Greg Patton (regulatory).