Project Finance/PPP

Our Construction & Engineering Department advises in relation to all aspects of construction in Ireland with specialist expertise in Public Private Partnerships (PPPs) in the Republic of Ireland and Private Finance Initiatives (PFIs) in Northern Ireland.

As part of a multi-disciplinary team our banking lawyers work on the financial aspects of any deal, advising stakeholders, banks, bidders, promoters and spv's.

William Fry’s experience includes projects in the road, light rail, health, gas, power, airport, education, wind and other renewables, urban development and prison service sectors.

Financing options include project bonds, securitisation, portfolios financing, senior debt, mezzanine debt, EIB financing restructuring, investment funds and derivative products.  We also advise on co-financing involving multiple funding sources.

 

Our experience includes advising:

Chartered Land on Dublin Central Development, mixed use commercial property regeneration, anticipated capital development cost €1bn – one of Europe’s largest developments.

Point Village Development Limited on Point Village including 02 theatre, hotel, offices, retail, civic attractions and Luas infrastructure – one of the largest developments in Ireland.

University College Dublin on Gateway development – largest single capital project in higher education sector - international star-architect design competition and construction procurement using a PPP concession model.

Ramford on development of Daniel Libeskind designed office led development and theatre at Grand Canal Square - ‘Development of the Year 2008’

Dublin City Council on Fatima Mansions Regeneration PPP Project and developing legal model for such projects

University Pittsburgh Medical Center advising key stakeholder and named operator on three of the HSE Co-Location Hospitals Projects

Atlantic Fuel Supply Company on construction and financing of major oil storage and processing facility at Foynes Port

Aughinish Alumina Limited on all aspects of the procurement, construction and delivery of its 160MW gas fired combined heat and power plant adjacent to its alumina refinery

Leargas consortium (Barclays Private Equity, Michael McNamara & Co) and GSE (the UK Prison operator) on the Thornton Hall Prison PPP project, a project for the design, build, part operation and maintenance of a state of the art prison facility.

Syndicate of Lenders financing the N4/N6 Kinnegad-Kilcock, the funders of Eurolink, one of the two BAFO bidders on the M1 Dundalk Western Bypass and advised the funders on the East Link Toll Bridge concession.

EIB on the Five Group Schools PPP project.

Bank of Ireland as senior lender to E-net, the Limerick based technology company which was awarded the MSE (Management Services Entity) contract by the Department of Communications, Marine and Natural Resources to manage Ireland’s first regional broadband infrastructure, involving the establishment of Metropolitan Area Networks (MANS), comprising duct and fibre band around 19 cities and towns.

 

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We are consistently ranked as one of the leading Banking & Financial Services law firms in Ireland.

Department

  • "The team provides a good-quality service and gets the project done."  Chambers Europe, 2015 - Banking & Finance
  • William Fry provides ‘proactive service’ and ‘sensible advice that gets to the heart of the commercial issues’ through its ‘highly knowledgeable partners’. Legal 500 EMEA, 2015 - Banking & Finance
  • "The lawyers have real strength in managing and driving the process and can see the wood for the trees and negotiate the key clauses very hard."   "The team does the really complex work with both speed and efficiency." Chambers & Partners, 2014 - Banking & Finance
  • "The team provides complete asset finance solutions in an effective and timely manner."  Chambers Europe, 2013 - Banking & FinanceTeam
  • Elaine Hanly

    •  William Fry excels in real estate finance, where practice head Elaine Hanly is ‘an excellent and thorough banking lawyer’. Legal 500 EMEA 2017
    • Elaine Hanly receives praise for her pragmatic approach: "She manages to distil the advice from a technical legal point of view into a business suggestion." Chambers Global, 2015 - Banking & Finance
    • Elaine Hanly’s team at William Fry provides ‘proactive service’. Legal 500 EMEA, 2015 - Banking & Finance
    • Elaine Hanly is a "a top lawyer, a great operator, with a fast turnaround. She works all day and night to get the job done". Chambers & Partners, 2014 - Banking & Finance
  • Rachel Stanton 

    • According to clients, Rachel Stanton is "very detail-oriented, has a commercial outlook and is excellent to deal with."  Chambers Global 2017
    • Rachel Stanton is ‘great at dealing with difficult situations’ in acquisition finance. Legal 500 EMEA 2017 
    • Rachel Stanton is an increasingly well-known partner in the firm's banking team, thanks to her "great work ethic" and "very commercial and solution-oriented" style of practice. Chambers Global 2016 
    • Rachel Stanton draws praise for her business understanding, with one interviewee saying: "She gives a quick turnaround but with practical and commercial solutions." Chambers Global, 2015 - Banking & Finance
    • Rachel Stanton provides ‘reliable and highly professional counsel’. Legal 500 EMEA, 2015 - Banking & Finance 
    • Rachel Stanton is "very pleasant to deal with and someone who, from the very outset, had a strong plan for the process. She understood our initial position and fallback position and is very strategic." Chambers & Partners, 2014 - Banking & Finance
    • Rachel Stanton is described as ‘very commercial, efficient and knowledgeable’. Legal 500 EMEA, 2013 - Banking & Finance
  • Liam McCabe 

    • Liam McCabe offers focused expertise in construction contracts, as well as representing clients in all types of construction-related dispute resolution. McCabe also acts for clients on liability and insurance issues and advises on planning questions. Chambers Europe 2017
    • Liam is described as ‘professional and personable’ and ‘excellent’. Legal 500 EMEA 2107
    • Impressed clients say he is an "excellent practitioner who knows something about everything - he understands banking, finance, property, probate and so many areas of law that he brings an amazing mind to the table and pierces through any issues to find an easy solution." Chambers Europe 2016
    • Market commentators say: "He is knowledgeable and hard-working, and has the ability to pull in the experts required for each aspect of the project, co-ordinating things well." Chambers Europe 2016 
    • Department head Liam McCabe leads a cross-sectoral PPP and projects contract practice, focusing on construction mandates. Clients state: "If we need anything done, we turn to him. He makes sure that we are provided with the expertise we need in the field." Chambers Europe, 2015 
    • Liam McCabe and Fergus Devine ‘both fit seamlessly into the decision-making structure of projects’. Legal 500 EMEA, 2015
    • Department head Liam McCabe draws wide recognition for his non-contentious construction practice, offering domestic and international clients "a fantastic overview of a broad range of matters, be they commercial, legal or technical." Chambers Europe, 2014
    • Liam McCabe is praised for his 'willingness to get involved and help resolve situations before they become full-scale disputes.' Chambers Europe, 2013
  • Fergus Devine 

    • Fergus Devine is praised for his "huge depth of knowledge and dynamism." Chambers Europe 2017
    • Fergus ‘does not shirk the difficult messages’. Legal 500 EMEA 2017
    • Fergus leads the group and is highly focused on energy regulatory advice, drawing plaudits from interviewees for being "able to understand complex, technical issues" and "grasping the mechanics of the energy markets." Chambers Europe 2016 
    • Liam McCabe and Fergus Devine ‘both fit seamlessly into the decision-making structure of projects’.
      Legal 500 EMEA, 2015
    • Department head Fergus Devine offers clients extensive experience across all aspects of energy.  Chambers Europe, 2014

Key Contacts

Elaine Hanly Partner

Rachel Stanton Partner

Fergus Devine Partner