Bird & Bird LLP has advised Macquarie Bank International Limited (Macquarie) on the financing of a Spanish holding company owned by the leading independent infrastructure and private equity investor Foresight Group. The transaction reached financial close on 13 August 2020.
The proceeds of the Macquarie loan were used to help fund the acquisition of two operating wind farms in Spain, with a total capacity of 93.6 MW.
Bird & Bird LLP advised Macquarie on all aspects of the financing and security of the projects through a combined team based in London and Madrid. The Bird & Bird team was led by London partner Conrad Purcell, assisted by associate Ed Davenport and trainees Rumana Khanom and William Alms. The Madrid team was led by partner Hermenegildo Altozano, assisted by senior associate Emilio Martinez and associate Belen Alvarez de Miranda.
Conrad Purcell, partner at Bird & Bird, comments:
"We are delighted to have assisted long-standing client Macquarie on this innovative transaction. This deal highlights the robustness of the parties involved as we were able to close a complex cross-border financing during a period of COVID lockdown."
Other advisers: Osborne Clarke LLP advised Foresight Group.
