Amey Completes Successfully Refinancing with High-Quality Lender Syndicate
Deal News | Jan 02, 2025 | FM Business Daily
Amey UK Limited, supported by Buckthorn Partners LLP, One Equity Partners, and Amey management, successfully completed a refinancing process facilitated by a syndicate of leading financial arrangers including Apollo, HSBC, J.P. Morgan, and NatWest, in November 2024. The refinancing aims to sustain a balanced capital structure suitable for partnerships with government customers and marks the completion of Amey's carve-out process. Legal advisory roles were held by Allen Overy Shearman Sterling LLP for Amey and its shareholders, and Linklaters LLP for the lending syndicate, with Newbrook Capital Solutions LLP advising on debt strategy. This comprehensive financial restructuring supports Amey's operational strategy in providing lifecycle engineering, operations, and decarbonisation solutions for transport infrastructure and complex facilities.
Sectors
- Financial Services
- Engineering and Infrastructure
- Legal Services
Geography
- United Kingdom – Amey UK Limited is based in the United Kingdom, and the refinancing has a key impact on their operations within the UK infrastructure sector.
Industry
- Financial Services – Amey UK Limited's refinancing process involves major financial institutions and services in the provision of loans and financial advisory roles.
- Engineering and Infrastructure – Amey provides lifecycle engineering, operations, and decarbonisation solutions, indicating its core operations in the engineering and infrastructure sector.
- Legal Services – Involvement of legal firms Allen Overy Shearman Sterling LLP and Linklaters LLP highlights the legal advisory role in the refinancing deal.
Financials
- Not specified – (No specific financial figures like amount of refinancing were mentioned in the article.)
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Amey UK Limited | Target Company | Company | A leading provider of lifecycle engineering, operations, and decarbonisation solutions for transport infrastructure and complex facilities. |
| Buckthorn Partners LLP | Private Equity Firm | Company | One of the stakeholders supporting Amey's refinancing and strategic operations. |
| One Equity Partners | Private Equity Firm | Company | A stakeholder in Amey's refinancing process, supporting strategic initiatives. |
| Apollo | Lender | Company | Part of the syndicate providing the refinancing for Amey. |
| HSBC | Lender | Company | A leading financial institution part of the syndicate refinancing Amey. |
| J.P. Morgan | Lender | Company | A major global bank involved in the refinancing of Amey. |
| NatWest | Lender | Company | A UK-based bank that participated in the financing syndicate for Amey. |
| Allen Overy Shearman Sterling LLP | Legal Advisor | Company | Provided legal advice to Amey and the shareholders. |
| Linklaters LLP | Legal Advisor | Company | Advised the syndicate of lenders during the refinancing. |
| Newbrook Capital Solutions LLP | Debt Advisor | Company | Mandated as debt advisor for the Amey refinancing. |
| Andrew Nelson | CFO of Amey UK Limited | People | Chief Financial Officer, provided comments on the successful refinancing. |
| Brian Lindley | CEO of Buckthorn Partners LLP | People | CEO, commented on the significance of the refinancing completion. |