Slaughter and May advised Terra Firma on its sale of Carmel Capital II S.à r.l., including its wholly owned subsidiary Phoenix Natural Gas Limited, to Hastings' managed fund Utilities Trust of Australia and The Royal Bank of Scotland Group Pension Fund.
 
Slaughter and May also advised Phoenix Natural Gas Limited on the refinancing of its existing bank facilities with National Australia Bank Limited.

Contacts
Corporate and Commercial: Jeff Twentyman (partner), Jonathan Walters (associate), Oluka Takan (associate); Financing: Philip Snell (partner), Matthew Gibson (associate); Tax: Sara Luder (partner), George Mitchell (associate)