Ashurst is advising on the establishment of and first acquisitions by Navigator Terminals ('Navigator'), a partnering between Macquarie Capital and Greenergy.  The transaction includes the acquisition of Royal Vopak's UK storage facilities at West Thurrock on the Thames, Seal Sands at Teesside and Windmill near Cardiff and operational storage assets of Greenergy North Tees at Teesside.

The acquisitions will give Navigator an initial storage capacity of approximately 1.5 million cubic meters, making it the UK's largest independent bulk liquid storage provider. Each terminal is strategically located in an area of significant regional demand.

The Ashurst team comprises a cross-practice team led by oil and gas partners Michael Burns and Jan Sanders and finance partner Jane Fissenden.

Commenting on the transaction Michael Burns said:

"Working with the Macquarie Capital and Greenergy teams on this deal has been fantastic.  The transaction is a significant one for all of the parties involved and demonstrates the depth of Ashurst's expertise in the midstream infrastructure element of the oil and gas value chain".

Commenting on the support provided by the Ashurst team, Neil Arora, Senior Managing Director of Macquarie Capital said:

"The Ashurst team provided an impressive level of responsiveness and the multi-discipline expertise needed to deliver this complicated corporate M&A deal."

Jersey law advice is being provided by Ogier and Dutch law advice by Houthoff Buruma.