Stroock Represents a JPMorgan Infrastructure Fund in Acquisition of Southern Water
October 17, 2007, New York, NY…Stroock & Stroock & Lavan LLP, a national law firm with offices in New York, Los Angeles and Miami, counseled its client, a JPMorgan infrastructure fund, in an agreement to acquire Southern Water, a U.K. water company, from Royal Bank of Scotland for an enterprise value of £ 4.2 billion. The Fund is the largest shareholder of the consortium acquiring Southern Water.
Southern Water is the seventh largest water and sewage company in England and Wales. It provides fresh water to more than two million people.
The deal is a sign of the growing interest in infrastructure and utility companies, particularly from pension funds and private equity firms, because of the steady cash flow.
Stroock attorneys that advised on this matter include:
Partners: Richard Madris (Corporate); Jeff Lowenthal (Corporate); Jeff Uffner (Tax), Mark Wintner (ERISA), Mike Basile (Commercial Finance), Karl Wiemer (Commercial Finance),
Special Counsel: Susan Cohen (Special Counsel)
Associates: Joel Rubenstein (Corporate), Brian Greene (Corporate), Christian Porwoll (Corporate), Tim Gallina (Corporate) and Adam Scoll (ERISA.)
Stroock & Stroock & Lavan LLP is a law firm providing transactional and litigation guidance to leading investment banks, investment funds, multinational corporations and entrepreneurial businesses in the U.S. and abroad. Stroock is one of the country’s preeminent real estate and investment management firms. Stroock’s emphasis on client service and innovation has made it one of the nation’s leading law firms for 130 years. Stroock’s practice areas include: capital markets/securities, commercial finance, mergers & acquisitions and joint ventures, private equity/venture capital, private funds, derivatives and commodities, employment law and benefits, energy, entertainment, environmental, financial restructuring, financial services litigation, insurance, infrastructure and project finance, intellectual property, investment management, litigation, personal client services, real estate, structured finance and tax. For more information, please visit Stroock’s website at www.stroock.com.