IFLR1000

Macquarie consortium £2.3 billion acquisition of Green Investment Bank

20/4/2017
Private acquisition, Privatisation
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£ 2 billion

$ 2.500 billion

Completed

20/4/2017

Overview:

  • A Macquarie led consortium - consisting of Macquarie, Macquarie European Infrastructure Fund 5 (MEIF5) and Universities Superannuation Scheme (USS) - has acquired the UK Green Investment Bank (GIB). for £2.3 billion.
  • The GIB was launched in 2012 and has to date committed £2.6 billion in capital to over 70 green infrastructure projects.
  • The GIB will manage or supervise over £4 billion of green infrastructure assets and projects.
  • The bank has an existing target of £3 billion of new investment in green projects in the next three years.

Sam Duke - Editor

Jurisdiction:

United Kingdom

Deal types:

Private acquisition
Privatisation

Practice area:

M&A

Industry sector:

Banking

Firms:
Allen & Overy

Party: Macquarie (Acquirer)

Lawyer: Richard Evans

Clifford Chance

Party: ABN AMRO (Lender)

Party: BNP Paribas (Lender)

Party: ING (Lender)

Party: The Bank of Tokyo-Mitsubishi UFJ (Lender)

Party: Lloyds Banking Group (Lender)

Party: Royal Bank of Scotland Group (Lender)

Lawyers: Anne Drakeford, Michael Bates

Herbert Smith Freehills

Party: Government of the United Kingdom (Seller)

Lawyers: Gavin Davies, Stephen Rayfield

Slaughter and May

Party: Green Investment Bank (Target)

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