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Portrait of Kristy Duane

Kristy Duane

Partner
Co-head of Infrastructure and Projects

CMS Cameron McKenna Nabarro Olswang LLP
Cannon Place
78 Cannon Street
London
EC4N 6AF
United Kingdom
Languages English
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, private equity and venture capital investment and reorganisations. She regularly advises on cross-border transactions.

Kristy acts for a number of listed FTSE 250 clients on their public and private M&A and capital markets activities.

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"Excellent legal and corporate advice"

Chambers and Partners 2016

Relevant experience

  • 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.
  • Urban&Civic plc in relation to its £506m takeover by way of a Scottish scheme of arrangement by Wellcome Trust.
  • APG in relation to its €300m class 1 acquisition of Via Outlets from Hammerson and as substantial shareholder in the associated £550m rights issue. 
  • 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.
  • LondonMetric Property plc in relation to the £95m institutional placing 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.
  • Aquila European Renewables Income Fund on its €200m IPO and subsequent placing and various acquisitions of solar, wind and hydro assets across continental Europe.
  • LondonMetric Property plc in relation to the £415m takeover by way of scheme of arrangement of A&J Mucklow Group plc.
  • 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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Education

  • 1997 - LLB, University of Western Australia, Perth
  • 1997 - BSc, University of Western Australia, Perth
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Memberships

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

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"Excellent legal and corporate advice"

Chambers and Partners 2016

Ranked Lawyer for Infrastructure

Chambers and Partners 2016

Relevant experience

  • 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.
  • Aquila European Renewables Income Fund on its €200m IPO and subsequent placing and various acquisitions of solar, wind and hydro assets across continental Europe.
  • 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.
  • Heathrow Hub Limited on the proposed £13.5bn scheme to extend the existing northern runway at Heathrow Airport.
  • 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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Education

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

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

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March 2021
CMS In­fra­struc­ture: The Road to Re­cov­ery Pod­cast
Wel­come to the CMS In­fra­struc­ture: The Road to Re­cov­ery pod­cast and video series. A series of short ‘in con­ver­sa­tion with’ in­ter­views with CMS part­ners, law­yers and their cli­ents on the fu­ture of...
20 January 2021
ESG Reg­u­la­tion – 2021 and bey­ond – How in­vest­ment banks can ad­vise their...
2021 will mark 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 in...
27 November 2020
The earn-out – Is this the new nor­mal in M&A? (Part three) - Pay­ment struc­tures...
The COV­ID-19 out­break, al­most overnight, un­leashed un­par­alleled un­cer­tainty, with con­cerns about a glob­al down­turn com­pound­ing the im­pact on the UK, European and world­wide M&A mar­kets. A key factor...
27 November 2020
The earn-out - Is this the new nor­mal in M&A? - (Part One) - Earn-outs...
The COV­ID-19 out­break, al­most overnight, un­leashed un­par­alleled un­cer­tainty, with con­cerns about a glob­al down­turn com­pound­ing the im­pact on the UK, European and world­wide M&A mar­kets. A key factor...
27 November 2020
The earn-out – Is this the new nor­mal in M&A? (Part two) - Re­ten­tion ar­range­ments,...
The COV­ID-19 out­break, al­most overnight, un­leashed un­par­alleled un­cer­tainty, with con­cerns about a glob­al down­turn com­pound­ing the im­pact on the UK, European and world­wide M&A mar­kets. A key factor...
21 September 2020
CMS ad­vises on £300m fun­drais­ings for lis­ted in­vest­ment funds
In­ter­na­tion­al law firm CMS is ad­vising on over £300m of fun­drais­ings for lis­ted in­vest­ment funds Aquila European Re­new­ables In­come Fund plc (AER­IF) and Su­per­mar­ket In­come RE­IT plc (SUPR).  CMS is ad­vising...
7 August 2020
CMS ad­vises APG on £274m ac­quis­i­tion of VIA Out­lets and £550m rights is­sue
In­ter­na­tion­al law firm CMS has ad­vised APG As­set Man­age­ment N.V. (APG), one of the world’s largest pen­sion in­vestors, on the £274 mil­lion pur­chase of sub­stan­tially all of Ham­mer­son plc’s stake in...
7 May 2020
CMS ad­vises FTSE 250 RE­IT Lon­don­Met­ric on £120m pla­cing
CMS has ad­vised FTSE 250 RE­IT Lon­don­Met­ric Prop­erty Plc on a £120 mil­lion pla­cing which the lis­ted com­pany in­tends to use to fund fur­ther dis­tri­bu­tion and long in­come ac­quis­i­tions.  Lon­don­Met­ric owns...
27 November 2019
CMS In­fra­struc­ture In­dex re­veals pos­it­ive trends in in­fra­struc­ture sec­tor
In­fra­struc­ture In­dex re­veals pos­it­ive trends in in­fra­struc­ture sec­tor CMS pub­lishes its bi­en­ni­al glob­al In­fra­struc­ture In­dex which ranks 50 coun­tries in or­der of in­fra­struc­ture in­vest­ment at­tract­ive­ness­Ger­many...
28 August 2019
Con­nec­ted Fu­tures - the im­plic­a­tions of tech­no­lo­gic­al trends on Scot­land’s...
In our Glob­al In­fra­struc­ture Re­port “Con­nec­ted Fu­ture” we high­lighted the tech­no­logy – driv­en trans­form­a­tion of the in­fra­struc­ture sec­tor. The Scot­tish Gov­ern­ment has re­cently pub­lished “The Im­plic­a­tions...
18 June 2019
An­nu­al Re­view 2018 – 2019
Cross­ing bor­ders is both the theme of this year’s CMS An­nu­al Re­view and a guid­ing idea that we had when we es­tab­lished CMS 20 years ago. At that time, we de­cided to cre­ate a high-qual­ity, ex­pert and mul­tijur­is­dic­tion­al law firm. This Re­view shows what we’ve achieved over the last year in pur­suit of this goal.Since 1999, work­ing across bor­ders has be­come a daily task for all our law­yers. We are one of the most in­ter­na­tion­al law firms, with more than 70 of­fices in over 40 coun­tries. Our 4,800 leg­al ex­perts world­wide work as one team across jur­is­dic­tions, prac­tice areas and sec­tors to en­sure that you get clear, ac­tion­able and busi­ness-fo­cused ad­vice. You can read about our mul­tijur­is­dic­tion­al sup­port for cli­ents in the stor­ies through­out this An­nu­al Re­view. For ex­ample: an in­ter­na­tion­al CMS team ad­vised Ad­vance / Ne­w­house Part­ner­ship on its pur­chase of Stage En­ter­tain­ment, one of the world’s largest theatre pro­du­cers and own­ers. Our law­yers spe­cial­ising in cor­por­ate, me­dia, real es­tate, tax, em­ploy­ment, IP, com­pet­i­tion and bank­ing all worked on the trans­ac­tion.Glob­al­isa­tion con­tin­ues to im­pact the busi­ness en­vir­on­ment pro­foundly, as do the key is­sues on the glob­al agenda such as the US trade talks with China, Brexit and the con­sequences of cli­mate change. With our glob­al firm struc­ture and mind­set, we help you an­ti­cip­ate the prob­lems you face in your daily op­er­a­tions. On page 28, you can read what some of our part­ners around the world have told us about the chal­lenges their cli­ents are cur­rently fa­cing.An­oth­er ma­jor factor shap­ing our daily work is the im­pact of tech­no­logy on all busi­nesses. This year, our an­nu­al event in Da­v­os on the oc­ca­sion of the World Eco­nom­ic For­um (see page 18) fo­cused on how in­creased di­git­al­isa­tion is af­fect­ing con­ven­tion­al busi­ness mod­els.Today, in­tro­du­cing more ad­vanced tech­no­lo­gic­al tools in­to leg­al prac­tice is a must in or­der to meet cli­ents’ qual­ity and ef­fi­ciency ex­pect­a­tions. For CMS, it is about more than just us­ing ar­ti­fi­cial in­tel­li­gence soft­ware or di­git­al tools. To us, in­nov­a­tion means de­vel­op­ing tech­no­logy to of­fer our cli­ents new high-qual­ity ser­vices and to provide new ways of de­liv­er­ing all our leg­al of­fer­ings. Our scale and pres­ence across many jur­is­dic­tions, coupled with our deep un­der­stand­ing of cli­ent needs in their loc­a­tions, means that we are very well qual­i­fied to de­vise such solu­tions. On page 16, some of our key in­nov­at­ors de­scribe the ways in which our tech­no­logy is be­ne­fit­ting cli­ents.I hope you find some in­ter­est­ing and thought-pro­vok­ing stor­ies in this year’s An­nu­al Re­view and wish you an en­joy­able read. My col­leagues in the CMS ex­ec­ut­ive team and I are al­ways happy to hear from you if you have any com­ments or ques­tions.Cor­neli­us Brandi, Ex­ec­ut­ive Chair­man
5 June 2019
CMS ad­vises on Aquila European Re­new­ables Fund IPO
In­ter­na­tion­al law firm CMS has ad­vised on the suc­cess­ful ini­tial pub­lic of­fer­ing and €155m fund rais­ing for Aquila European Re­new­ables In­come Fund plc, man­aged by Aquila Cap­it­al, the al­tern­at­ive as­set...