Slaughter and May advised Ferrovial, the Spanish-headquartered global infrastructure operator, on the disposal of the Amey group to a UK company controlled by One Equity Partners and Buckthorn Partners. The transaction was subject to regulatory approval in the UK, and the carve-out of the waste treatment business from the Amey group.
The transaction represents an enterprise value of £400 million, which was satisfied partly in cash and the remainder of which Ferrovial will receive through the issuance of a vendor loan note repayable over five years. The disposal substantially concludes the divestment of Ferrovial’s former Services division. Ferrovial retains the waste treatment business, which manages around one million tons of waste per year and will be integrated into Ferrovial’s Energy Infrastructure and Mobility division.
Slaughter and May supported the in house M&A team (led by Alex Veramendi and Pablo Choithramami) and legal team (led by Elena Fernandez and Florencia Erdozain) at Ferrovial, with support from local counsel teams in a number of jurisdictions, including Uría Menéndez in Spain and De Brauw Blackstone Westbroek in the Netherlands.
Celia Dale / Trainee, Sharon Law / Trainee
Nathalie Edwardes-Ker / Trainee