White & Case Expands Project Finance Capabilities with Further London Partner
London,
March 30, 2011 ... Global law firm White & Case LLP has boosted its Global Project Finance Practice with the addition of Caroline Miller Smith as a partner in London. The move further strengthens the Firm's market-leading capabilities across a broad range of infrastructure and renewable energy activities.
"Caroline's addition demonstrates our commitment to solidifying our position as one of the world's leading project finance law firms," said Art Scavone, head of White & Case's Global Project Finance Practice. "Importantly, Caroline's arrival adds to the already substantial infrastructure and renewable energy experience we can offer clients, particularly in key growth markets such as the Middle East."
Caroline joins White & Case from the London office of Linklaters LLP, where she was a partner in its Energy and Infrastructure, Global Project Finance Practice. Caroline's practice focuses on infrastructure transactions, including PPP/PFI, renewable energy assets and defence projects. She undertakes both greenfield and acquisition transactions and complex financings. She advises investors, contractors and senior creditors on project, finance and acquisition documentation, as well as advising governments on "first in country" transactions in numerous industries, including transmission and distribution assets, roads, windfarms, health, rail, defence, education and waste. Projects Caroline has worked on include the first PPP roads project in Egypt, the first offshore transmission acquisition and financing to reach financial close and the first "design, finance, build and transfer" rail project in the UK.
"Caroline is a top-tier project finance lawyer with a proven track record and significant expertise in infrastructure, emerging markets and PPP/PFI," said Philip Stopford, Regional Section Head for Energy, Infrastructure, Project & Asset Finance in Western Europe, the Middle East and Africa. "Her addition continues the strategic build-out of our practice in key markets and service capabilities that will be of tremendous benefit to our clients throughout the region and around the world."
The hire is the latest of four recent partner additions White & Case has made in London as it invests in further strengthening its English law capabilities for clients globally. The Firm will have been in London for 40 years later this year and its City of London office is now the second largest in the Firm's global offering for clients, with more than 340 legal staff.
London Executive Partner Oliver Brettle added, "It is a testament to the quality of the clients, lawyers and global reach of White & Case that we are able to attract partners of Caroline's calibre."
With more than 200 lawyers internationally, White & Case's Global Project Finance Practice offers market-leading expertise regarding project structuring and development, financing, government regulation, construction and other contract issues, and mergers and acquisitions. This expertise spans several sectors, including from oil and gas, power, petrochemicals, mining and metals, infrastructure, telecoms and PPP/PFI.
In 2010, White & Case advised on more than 30 project finance deals worth US$39.5 billion, ranking third worldwide in Infrastructure Journal's project finance league tables. Recent transactions advised on by the practice include:
- Representing a bank consortium on the US$612 million financing of the Shams 1 solar power project in Abu Dhabi, the first solar farm in the Middle East and the largest concentrated solar power plant in the world.
- Advising the lenders on the US$2.1 billion financing of the Riyadh PP11 greenfield gas-fired independent power project in the Kingdom of Saudi Arabia.
- Representing the European Investment Bank on its provision of US$625 million in the largest-ever financing of an offshore wind-farm, to be located in the North Sea off the Belgian coast.
- Acting for the joint venture project company, Nord Stream AG, and the sponsors on the US$10 billion Nord Stream pipeline project, a subsea offshore gas pipeline that will link Russia and the European Union via the Baltic Sea.
- Representing a bank consortium on the US$1.3 billion financing of a public-private partnership for the construction, operation and maintenance of a new motorway in France.
- Advising Barclays Corporate and The Royal Bank of Scotland Plc on the US$595 million financing of the Wolverhampton Schools PFI "Building Schools for the Future" project, which aims to rebuild and remodel 26 schools serving secondary aged pupils in Wolverhampton, UK.
About White & Case
White & Case LLP is a leading global law firm with lawyers in 37 offices in 25 countries. Among the first US-based law firms to establish a truly global presence, we provide counsel and representation in virtually every area of law that affects cross-border business. Our clients value both the breadth of our global network and the depth of our US, English and local law capabilities in each of our regions and rely on us for their complex cross-border transactions, as well as their representation in arbitration and litigation proceedings.
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