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Portrait ofKristy Duane

Kristy Duane

Partner
Co-Head of the CMS Infrastructure & Projects Group

CMS Cameron McKenna Nabarro Olswang LLP
Cannon Place
78 Cannon Street
London
EC4N 6AF
United Kingdom
Languages English
Infrastructure & Projects

Kristy is a partner and Co-Head of the firm's infrastructure sector group. She advises a wide range of infrastructure clients on their corporate transactions. She has a particular interest and extensive experience advising infrastructure funds on their M&A and capital markets activities in the UK and Europe. Kristy regularly speaks at high profile conferences and events including the Global Infrastructure Investors Summit in London. More recently she has developed expertise in relation to corporate governance, ESG and sustainability reporting including SFDR, TCFD and SDR.

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"Excellent legal and corporate advice"

Chambers and Partners 2016

Ranked Lawyer for Infrastructure

Chambers and Partners 2016

Relevant experience

  • Aquila European Renewables Income plc in relation to the €150m IPO on the main market, subsequent €40m institutional placing and various renewables M&A transactions.
  • Atlantis Holdings and AXA Investment Managers-Real Assets in relation to the acquisition of Kohlberg Kravis Roberts & Co. LP’s 33.33% stake in Acciona Energia Internacional, S.A for €445m and partial sale of 13.33% to ACCIONA.
  • John Laing Infrastructure Fund Limited in relation to its £1.45bn takeover by Jura Acquisitions Limited, a company owned by a consortium led by Dalmore Capital Limited and Equitix Investment Management Limited.
  • BBGI Global Infrastructure SA on its acquisition of various PPP assets in the UK, including Poplar Baths Leisure Centre in Tower Hamlets, an interest in the Aberdeen Western Peripheral Route, Ayrshire and Arran Hospital, and North West Fire & Rescue. 
  • John Laing Infrastructure Fund Limited in relation to the £242m placing, open offer, offer for subscription and subsequent £90m and £95m placings to institutional investors.
  • RNA Energy on its investment partnership with Nippon Koei to develop its battery storage pipeline; and its co-development agreement with Ignis Energia SA for large scale solar and storage development.
  • Heathrow Hub Limited on the proposed £13.5bn scheme to extend the existing northern runway at Heathrow Airport.
  • Aquila Energy Efficiency Trust plc in relation to the £100m IPO on the main market.  
  • John Laing Infrastructure Fund Limited in relation to the acquisition of debt and equity interests in a portfolio of 5 rail and social accommodation assets, including City-Greenwich-Lewisham Docklands Light Railway (£65m), the £50m disposal of Barnsley Schools BSF and Newham Hospital, acquisition of equity interests in Peterborough Hospital from Brookfield (£26.7m) and a portfolio of 11 assets in schooling; housing; hospitals; street lighting from Mill Group (£123m).
  • Jordan Wind Farm Company on the development of the Tafila Wind Farm in Jordan, a 117 MW wind farm, likely to be the first utility-scale onshore wind farm in the Middle East.
  • Euromoney Institutional Investor plc in relation to the acquisition of Infrastructure Journal (£12.5m) from Top Right Group.
  • Quintain Estates and Development plc on the unwinding of the existing joint venture arrangements with Lend Lease in relation to the Greenwich Peninsula development and class 1 circular and joint venture with Knight Dragon.
  • US Shipping Group in relation to the proposed investment and joint venture with a British shipping company.
  • Carbon Trust in relation to the Siemen Financial Services or Carbon finance scheme and collaboration agreement.
  • Pacific Agrifoods Limited on PAF’s acquisition of a 66.7% interest in Interflour Holdings Limited (Asian flour mill and Vietnamese grain terminal operator).
  • London Climate Change Agency and the Mayor’s office on the establishment of the Better Buildings Partnership, a London commercial property owners’ sustainability/climate change initiative.
  • Liberum Capital and Renaissance Capital in relation to the £147m AIM float of Ncondezi Coal Company Limited and subsequent £23.4m placing.
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Memberships & Roles

  • Trustee, Friends of UWA in the UK & Europe.
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Education

  • 1997 - LLB, University of Western Australia, Perth.
  • 1997 - BSc, University of Western Australia, Perth.
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Corporate

Kristy is a Partner in our Corporate team. Having previously worked for six years with Clayton Utz in Australia, she moved to the UK in 2005 and subsequently qualified in England and Wales in 2008. Kristy has a wide range of experience in corporate and corporate finance transactions, IPOs, mergers and acquisitions, joint ventures and reorganisations. She regularly advises on cross-border transactions and acts for a number of listed FTSE 250 clients on their public and private M&A and capital markets activities. 

More recently she has developed expertise in relation to corporate governance, ESG and sustainability reporting including SFDR, TCFD and SDR.  

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"Excellent legal and corporate advice"

Chambers and Partners 2016

Relevant experience

  • LondonMetric Property plc in relation to its (i) £1.9bn takeover of LXi REIT plc; (ii) £200m takeover of CT Property Trust Limited; and (iii) £415m takeover of A&J Mucklow Group plc, each by way of scheme of arrangement.
  • Aquila European Renewables Income plc in relation to the €150m IPO on the main market, subsequent €40m institutional placing, €175m placing programme and various renewables M&A transactions across Europe.
  • APG on the €300m acquisition of VIA Outlets by way of class 1 disposal and associated £550m rights issue undertaken by Hammerson plc.
  • LondonMetric Property plc in relation to the £175m and £95m institutional placings to fund its logistics investments and developments, the £800m merger by way of scheme of arrangement of London & Stamford and Metric Property Investments plc and subsequent return of capital of £100m by the enlarged group.
  • NewRiver REIT plc on the class 1 disposal of Hawthorn Leisure for £222m to Admiral Taverns.  
  • Urban & Civic plc on the £506m takeover by Wellcome Trust by way of scheme of arrangement. 
  • Atlantis Holdings and AXA Investment Managers-Real Assets in relation to the acquisition of Kohlberg Kravis Roberts & Co. LP’s 33.33% stake in Acciona Energia Internacional, S.A for €445m and partial sale of 13.33% to ACCIONA.
  • ThreeSixty Developments Limited and management team in relation to: (i) £500m disposal of Westbourne student accommodation portfolio; and (ii) subsequent £400m disposal of River student accommodation portfolio and operating platform, by funds managed by Oaktree Capital Management.
  • Euromoney Institutional Investor plc on its acquisition of Seven Site Media Limited, trading as TowerXchange, disposal of Institutional Investor Journals business, investment in Zanbato (private capital placements platform), the acquisition of Fastmarkets Ltd and disposal of Petroleum Economist and related businesses.
  • John Laing Infrastructure Fund Limited in relation to the £242m placing, open offer, offer for subscription and subsequent £90m and £95m placings to institutional investors, the acquisition of debt and equity interests in a portfolio of 5 rail and social accommodation assets, including City-Greenwich-Lewisham Docklands Light Railway (£65m), the £50m disposal of Barnsley Schools BSF and Newham Hospital PFI and acquisition of equity interests in Peterborough Hospital from Brookfield (£26.7m) and a portfolio of 11 assets in schooling; housing; hospitals; street lighting from Mill Group (£123m).
  • Clarion Capital Partners, LLC in relation to its $320 million sale of Moravia US Holding Company, Inc. and Moravia Lux Holding Company, S.A.R.L. to RWS US Holding Co and RWS (Overseas) Limited.
  • Urban & Civic plc in relation to the reverse takeover of Terrace Hill Group plc and £160m placing by the enlarged group.
  • Blackstone Real Estate Partners Europe III in relation to the sale of Lacon London, 84 Theobald’s Road WC1 to a private investor for £285m.
  • Quintain Estates and Development plc on the £115m secured bond issue, listed on the Irish Stock Exchange.
  • Frasia Holding S.A. on the establishment of a UK REIT, listing on the CISX and acquisition of 25 Ropemaker Place for £472m from The British Land Company PLC.
  • Dealogic (Holdings) plc on the £46m buyback tender offer to shareholders.
  • Cambridge Flat Projection Displays Limited and its shareholders on the sale to Microsoft Corporation.
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Memberships & Roles

  • Trustee, Friends of UWA in the UK & Europe
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Education

  • 1997 - LLB, University of Western Australia, Perth
  • 1997 - BSc, University of Western Australia, Perth
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21/11/2023
UK consults on sector-specific guidance for climate transition plans and...
In order to achieve the UK’s commitment of net-zero greenhouse gas (GHG) emissions by 2050, the UK government, in 2021, committed to move towards making the publication of climate transition plans mandatory...
17/11/2023
UK Call for Evidence on Scope 3 emissions reporting
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CMS Infrastructure Index: Partnerships, policies and geopolitics
The Infrastructure Index is designed to help investors understand the environment they may encounter in 50 different jurisdictions. Data from the 50 jurisdictions was analysed against nine key criteria to create a guide to the most attractive destinations for infrastructure investment. We also look at developments in some of the nations included in the Infrastructure Index, this year highlighting in particular the situation in our top-ranked country Germany and the need for reconstruction in Ukraine.
21/09/2023
The European Corporate Sustainability Due Diligence Directive (CSDDD) –...
What is CSDDD?On 23 February 2022, the European Commission published its proposal for a Directive on corporate sustainability due diligence (the “Proposal”), which aims to foster sustainable and responsible...
04/09/2023
Global CMS Infrastructure Brochure 2023
Creating our connected future Infrastructure is creating our connected future. It is the key to global economic recovery, advancing nations and leading the fight against climate change.In a world of ever-ac­cel­er­at­ing change, staying ahead of the curve and knowing what’s next for your business or sector is es­sen­tial.Cli­mate change and sustainability are set to be defining issues of our time and a huge amount of infrastructure will need to be built, rebuilt, refurbished or retrofitted to deliver on the promises and ambitions of governments around the world. Infrastructure has always played an important role in ESG, and these considerations are now the rule, not the exception. Net Zero plays a big part in government policy and so the infrastructure sector is giving ESG criteria serious consideration when planning new developments. But there are a number of difficulties in this area, including a lack of agreed standards and reporting requirements. Regulators globally are working to create new ESG requirements, but these will differ across countries and present challenges to those companies operating in­ter­na­tion­ally.In­cor­por­at­ing technology into infrastructure projects will also require a significant step change in policy focus, new financing solutions at both the consumer and portfolio levels, and more research and development to push faster technological innovation.In many regions, there continue to be huge infrastructure gaps. The scale and investment required to plug these infrastructure gaps present a formidable challenge and one in which our clients will play an important part.CMS is here to support you through the legal opportunities and challenges. Having advised many of the biggest players globally across the transport, health, education, waste, energy, defence, I.T./telecoms, leisure, custodial and justice, airports and shipping, rail, roads and water sub-sectors, CMS has the breadth and depth of sector expertise to enable your organisation to thrive.
28/06/2023
Important Government Review of Non-Financial Reporting Requirements
The Department for Business and Trade (DBT) and the Financial Reporting Council (FRC) is holding a call for evidence as an initial step in their review of non-financial reporting requirements. The call...
08/06/2023
ESG in corporate transactions
ESG factors are now a key consideration in M&A. According to the CMS European M&A study 2023, investors are facing pressures to uphold higher governance standards across all industries and geographical regions as it ensures the efficient running of a business and consumer confidence. It also seems likely that dealmakers want to capitalise on attractive ESG value creation opportunities.  This page brings together practical resources and insight for ESG considerations in a corporate context, from incorporation into M&A deals, good governance or directors’ duties. If there is a topic you’d like to discuss, please get in touch.
10/05/2023
CMS wins Legal Advisor of the Year at Partnership Awards
The Infrastructure Group at CMS was named Legal Advisor of the Year for the third year running at the prestigious Partnership Awards held on 4 May 2023.The awards, now in their 20th year, celebrate excellence...
31/05/2022
CMS Infrastructure & Projects Global Brochure
To meet domestic and global growth expectations a huge amount of infrastructure will need to be built, rebuilt, refurbished or retrofitted. The scale and investment required to plug this in­fra­struc­ture...
12/05/2022
CMS Infrastructure & Projects Global Brochure
To meet domestic and global growth expectations a huge amount of infrastructure will need to be built, rebuilt, refurbished or retrofitted. The scale and investment required to plug this in­fra­struc­ture...
02/02/2022
ESG Regulation – 2021 and beyond – How investment banks can advise their...
2021 marked the end of the previous, primarily voluntary, regime for ESG matters and the start of regulation for issuers, sponsors and nomads. This note details key regulations coming into force this...
02/02/2022
UK Climate-related Financial Disclosure Regulations made law
In November last year we reported on the government’s written response to the consultation on new mandatory climate related financial reporting for UK businesses, in which the government confirmed the...