Secondary Markets

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Our PFI/PPP Secondary Markets Infrastructure Team advises buyers and sellers, including sponsors and specialised infrastructure and pension funds, on single asset or portfolio transactions. Our team is led by M&A lawyers who specialise in infrastructure and who work alongside our specialist PFI/PPP projects and finance lawyers.

Having been embedded in this sector for over 10 years creating new acquisition structures, we understand your specific issues for a transaction and provide innovative solutions to address each one. These may range from issues relating to firestopping, to navigating lenders and authorities and obtaining consents and/or waivers for the transaction itself, or technical breaches of a project agreement.

As the PFI/PPP market expands internationally, the UK-based team works in partnership with international colleagues to advise clients on their international infrastructure portfolios.

"The CMS team has a can-do attitude, providing a balanced and considered opinion to get deals agreed."

Legal 500, 2022

"CMS always provide a very collaborative approach to commercial matters, ensuring areas of contention were resolved to our satisfaction."

Legal 500, 2022
Highlights of our experience in Secondary Markets in the UK
John Laing on the disposal of its entire interest in a portfolio of projects including North Birmingham Mental Hospital to JLIF. The disposal of interests in Surrey Street Lighting (50%) and Kirklees...
07/12/2023
COP28: how the law can unite, act and deliver the UN SDGs
The law, and the work of lawyers, should enable countries, communities and companies to deliver the changes needed to achieve the UN SDGs and the Paris Agreement. As COP28 urges us to unite, act and deliver, Advocates for International Development (A
Advising the Board