Area of focus

Sovereigns: Privatizations and Acquisitions

We assist in the privatization and disposal of sovereign assets in every sector, and the acquisition of assets by sovereigns across six continents.

We have established a strong reputation advising sovereigns, regulators, and the private sector on critical transactions that involve the privatization, disposal, acquisition, and investment in assets around the world. Governments often build and invest in businesses to promote economic growth, particularly in vital infrastructure sectors like energy, transport, telecoms, and water.

Sovereigns may privatize to bolster their domestic business sector or simply to raise capital. Conversely, in times of crisis, sovereigns may acquire assets or institute regulatory regimes in order to protect national interests. We guide sovereigns through these events to make swift, informed decisions that help them realize fiscal and national priorities.

Representative experience

NATS, the UK’s leading provider of air traffic control services, on all aspects of its privatization, its subsequent restructuring, and its refinancing.

GIC as part of a consortium of investors on their acquisition of a stake in Philippine renewable power producer Energy Development Corp.

California Public Employees' Retirement System on its acquisition of interest in the Indiana Toll Road.

Belfast Harbour Commissioners on the privatization of Belfast Harbour, Northern Ireland.

Government of Croatia regarding the privatization of INA oil industry.

French Ministry of Transport on the privatization and legal reform of the French airport sector.

Government of Oman on the part privatization by way of IPO of Omantel.

A Singapore Government-linked company on its bid for the partial privatization of a waste to energy plant in Pudong, Shanghai.

Kingdom of Morocco on the privatization of Maroc Telecom.

UK Treasury Solicitor and the Agencies Privatization Team on the privatization of the Occupational Health and Safety Agency.

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