16/10/2007
Ogier has advised Greensands Investments Limited, a Jersey-domiciled bid vehicle capitalised by a consortium led by JP Morgan Asset Management and Australia’s Challenger Infrastructure Fund, on its successful bid for Southern Water
Working alongside Allen & Overy, Ogier advised the consortium on the creation of its Jersey-domiciled bid vehicle after Macquarie recommended the two firms following their successful bid for Thames Water in 2006.
The consortium, which also comprises UBS, Hermes and Access Capital Partners paid £1.3bn for the Southern Water and assumed £2.9bn worth of debt.
Chris Byrne, Partner and Head of Structured Finance led the team at Ogier.
