Infrastructure
With their scale, complexity and regulatory overlay, infrastructure transactions require highly specialized legal counsel. We offer deep knowledge of the sector's unique dynamics and an unmatched ability to guide clients through multifaceted deals and financings involving energy, transportation, digital and telecommunications, water & waste and other important infrastructure assets.
The Paul, Weiss Infrastructure Group provides comprehensive counsel to leading global companies, investors and financial sponsors on complex transactions spanning the infrastructure sector. Our multidisciplinary team includes lawyers with decades of experience advising the most active, dynamic private equity and other investors in the sector.
Our team has executed major private equity and M&A transactions, including many of the largest infrastructure transactions to date and a number of first-of-their-kind, novel deals, financings and other transactions. Our work has encompassed a vast range of economic and social infrastructure assets, such as essential transportation and logistics assets; energy systems; digital, telecommunications and cybersecurity infrastructure; water and waste systems; and assets related to healthcare, defense and education systems.
We help infrastructure-focused clients successfully negotiate, structure and execute:
- Mergers, acquisitions, roll-ups and other investments
- Joint ventures and consortium deals to develop major new infrastructure projects
- Infrastructure- and cutting-edge “green infrastructure”-focused investment funds
- Complex project financings and capital raises for infrastructure assets and operating companies
- Restructurings and disputes involving infrastructure investments
- Privatizations, partnerships, concessions, leases and other unique infrastructure deals
Recent
Experience
Recent Engagements
- Air Methods Corporation in its $2.5 billion acquisition by affiliates of American Securities
- American Tower Corporation in its $1.85 billion acquisition of Eaton Towers Holdings Limited; and its $523 million acquisition of joint venture stakes in Ghana and Uganda from MTN Group Limited
- Funds and affiliates managed by Apollo Global Management in an investment of $11 billion to acquire from Intel Corporation a 49% equity interest in a joint venture entity related to Intel’s Fab 34
- The special committee of Avangrid in the $2.6 billion acquisition of the company’s remaining shares by Iberdrola
- Blackstone Infrastructure Partners in the $2.15 billion acquisition of a 19.9% equity interest in NiSource subsidiary Northern Indiana Public Service Company (NIPSCO)
- Brookfield Infrastructure Partners in its $775 million acquisition of Cyxtera in connection with its chapter 11 case
- Crown Castle in the combined $8.5 billion sale of its small cells business to EQT Active Core Infrastructure fund; and the sale of its fiber solutions business to Zayo Group Holdings and in the activist campaigns by Elliott Management and Boots Capital Management
- DigitalBridge Group in its investment in OpticalTel, a leading provider of fiber-based broadband, cloud-based video and digital telephone services, rebranding to Fibernow
- Canada Pension Plan Investment Board in its approximately $843 million investment in Tallgrass Energy
- The strategic review committee of the board of directors of Frontier Communications in its $20 billion sale to Verizon Communications
- General Atlantic in its acquisition of Actis, an infrastructure-focused asset manager with over $12 billion in assets under management
- Global Infrastructure Partners in its $15 billion acquisition (together with KKR) of CyrusOne
- IBM in the spin-off of its managed infrastructure services business into a separate publicly traded company
- MetroNet in its co-investment by KKR and Oak Hill Capital and in its sale to a joint venture between T-Mobile and KKR
- Oak Hill Capital in numerous transactions including its acquisitions and investments in Greenlight Networks, Omni Fiber, Otelco, Oxford Networks, Race Communications and Wire3, among others
- The special committee of the board of directors of Pattern Energy Group in its $6.1 billion all-cash acquisition by Canada Pension Plan Investment Board
- QTS Realty Trust in its $10 billion take-private sale to Blackstone
