Water and Waste Management
For many years we have been involved in the water and waste management sector on matters ranging from privatisations to ground-breaking water supply projects.
Our advice covers all aspects of the water industry including:
- industry regulation
- project construction and development
- mergers and acquisitions
- planning and environmental advice
Our work in the water and waste management sector is part of our extensive Infrastructure practice, which provides advice across all legal disciplines for a broad range of clients, including major industrial companies, utilities, government departments, regulators and financial institutions.
We are renowned for our strong Sectoral Regulation practice. We were involved in the privatisation of the UK water industry and we now advise on regulatory issues arising in the context of mergers and acquisitions. Our regulatory work also includes advising on price control and other aspects of regulatory strategy.
Our key experience includes advising:
RWE AG on a capital restructuring of the Thames Water group and then its subsequent disposal (£4.8 billion). The restructuring included the issuance of £1.2 billion of new fixed rate and index-linked bonds and the restructuring of a further £875 million of capital markets debt.
Severn Trent on the financing aspects of the acquisition by Biffa, its UK waste management subsidiary, of Hales from RMC (UK) Limited for a total consideration of £141 million.
Thames Water on the sale of the majority of its unregulated commercial businesses, including Thames Water Services, to Veolia Water UK, part of the Veolia Environnement Group, for approximately £78 million.
Global Infrastructure Partners on a recommended offer for Biffa, the integrated waste management business, which valued Biffa at approximately £1.23 billion.
Brambles Industries, a leading global provider of support services, on the sale of Cleanaway UK to Veolia ES Holdings for £595 million.
Waste Recycling Group, one of the UK’s leading waste management and energy recovery companies, on the demerger of its waste-to-energy business.
Our clients include:
- Costain Group PLC
- RWE Aktiengesellschaft
- Severn Trent Plc
- Southern Water
- Terra Firma
- Thames Water
- United Utilities Plc
- Veolia Water
- Wessex Water
- YTL Utilities (UK) Limited