Secondary market
The revenue funded project model has been in place now for almost 20 years within the UK and accordingly there are a large number of mature and successful projects in the market. Inevitably these have been seen as good long investments for entities such as pension funds and other long term investors due to the regular and steady income they produce. Accordingly there has long been an active secondary market for such investors to buy projects from the original sponsors who often want to utilise their financial resources in new ventures.
Our team has long been involved in acting for clients as both sellers and purchasers of mature projects. The team's wide ranging experience of projects acting for the public sector, sponsors and funders ensures that we have a full understanding of the processes and issues that arise in such transactions including:
- Diligence on the active project to establish areas of risk and uncertainty
- The often complex requirements for consents from the various parties involved and the need to address or revise corporate structures that were often established purely for the needs of the original investors or bid structure
- The key requirements to ensure continuity of strong delivery and effective management of projects throughout the project term
Our team has been extensively involved in secondary market deals, advising investors and sponsors on how to dispose of their assets in UK wide PPP projects.
Key contacts
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Senior Associate
Contact us
Call us for free on 0330 159 5555 or complete our online form below for legal advice or to arrange a call back.
Work examples
- Advising Hochtief PPP Solutions on the sale of its interests in West Lothian Schools PPP and Access for Wigan PPP
- Advising Sweett Group plc on its disposal of interests in a number of schemes including Dumfries and Galloway Schools PPP
- Advising Sweett Group on its joint venture with Equitix for its interest in Hub North Scotland Limited
- Advising LBI hf on the sale of its senior debt and subordinated debt interests in the Aberdeen Schools NPD Project