Orrick Advises Macquarie Infrastructure Partners II and Skanska Infrastructure Development on Divestment of Elizabeth River Crossings

December.30.2020

We advised Macquarie Infrastructure Partners II (MIP II) and Skanska Infrastructure Development (Skanska) in the divestiture of their respective interests in Elizabeth River Crossings (ERC) as part of a full sale of ERC to a special-purpose vehicle owned by Abertis Infraestructuras and Manulife Investment Management. As a result, Abertis will operate and maintain the Downtown and Midtown tunnels in the Hampton Roads region of Virginia, which provide a vital transportation link between Norfolk and Portsmouth, as well as the MLK Expressway and approximately 51 miles of highway. The sale closed on December 30, 2020.

Our experience advising asset management companies and their infrastructure funds on P3 projects enables us to provide clients with unmatched legal advice on the complexities of infrastructure assets. We also regularly advise companies on the acquisition and sale of infrastructure assets, giving our team a breadth of experience few law firms can offer.

The core Orrick team advising MIP II and Skanska includes Young Lee, King Milling, Dan Mathews, Mike Masri, Tom Kidera, Greg Beaman, Diana Gillis, Adam Kowis, Susan Long, Matthew Neuringer, David Gold, Joseph Lodico, Sean Carfi, John Grant, Sophia Han and Eric Vanderhoef.

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Young Lee Partner, Energy & Infrastructure, Infrastructure

New York

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D:+1 212 506 5012
E: [email protected]

Practice:

Energy & Infrastructure Sector
Energy & Infrastructure
Infrastructure
Public Power Financing
Renewable Energy

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Young Lee Partner

New York

Young is recognized as a Leading Lawyer by Chambers USA and Chambers Global (2010-2024), where clients state, “Young is a spectacular lawyer. She is smart, creative and commercial - a stand out person to work with,” she “provides expert representation in the development and financing of high-value and sophisticated infrastructure projects,” and is “very insightful and bringing a lot of practical experience to deals.”

Young represents sponsors, lenders and investors in the development, construction, financing and operation and maintenance of complex infrastructure projects and the acquisition and sale of projects and companies in the infrastructure sector. She has been involved in many of the largest U.S. PPP transactions that have achieved financial close in the past several years.

Young has acted as lead counsel in numerous project financings, acquisitions and other strategic arrangements in the United States and abroad. These transactions have involved, among other assets, toll roads, airports, port facilities, generation assets, telecommunications infrastructure, water and waste facilities, and companies owning portfolios of infrastructure assets.

Young also serves as Lead Director of Orrick's Board.

King Milling Partner, Mergers & Acquisitions, Technology Companies Group

New York

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D:+1 212 506 5075
E: [email protected]

Practice:

Energy & Infrastructure Sector
Mergers & Acquisitions
Technology Companies Group

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King Milling Partner

New York

King is a partner in the New York office and a member of the Global Mergers & Acquisitions and Private Equity Group. His practice focuses on domestic and cross-border M&A, joint venture, private equity and venture capital transactions, including negotiated mergers, auction bid processes, distressed asset sales, leveraged buyouts and the acquisition and divestiture of divisions and subsidiaries.

King is experienced in all aspects of Delaware and New York corporate, partnership and limited liability company law. He regularly counsels boards of directors on corporate governance, compliance, fiduciary duty and executive compensation matters.

King represents U.S. and non-U.S. clients in a wide range of industries, including life sciences, technology, energy, consumer products, industrials and manufacturing and financial services.