Allen & Overy has advised Borealis Infrastructure Management (Borealis) and Wren House Infrastructure Management (Wren House) on their acquisition of a 26.315% stake in the capital of Kemble Water Holdings Limited, the holding company of Thames Water Utilities Limited (Thames Water) and an equivalent share in Eurobonds issued by the Thames Water group from funds managed by Macquarie Infrastructure and Real Assets Europe Limited.  Thames Water is The UK’s largest water and wastewater company. 

Infrastructure partner Richard Evans, who led the team advising on this deal, comments: “Both Borealis and Wren House are regular clients of the firm and so it was a great pleasure to be involved in such a strategically important deal for both businesses.  This took input from lawyers across many areas of specialist advice and the breadth of expertise we have came to the fore.”

The A&O team was led by infrastructure partners Richard Evans and Conrad Andersen, together with senior associate Monika Przygoda, with support from associates Emma Shelston, Grace Harvey, Tom Jokelson, Will Hayward and Dan Hunter.  Regulatory advice was provided by partner Mark Friend, senior associate Andrew Fincham and associate David Weaver. Environmental advice was provided by partner Matthew Townsend, associates Emily Turnbull and Iyes Igiehon and trainee Ryan Sarsfield. 

This deal also involved teams across IP/IT, Employment, Pensions, Incentives, Real Estate, Finance and Tax.