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September 2012

Partners of Quayle Munro Project Finance LLP announce creation of new business advising on education, renewables and infrastructure projects throughout the UK and Ireland

The Partners of Quayle Munro Project Finance LLP are pleased to announce the creation of a new business advising on education, renewables and infrastructure projects throughout the UK and Ireland. The new business is formed from Quayle Munro’s Edinburgh-based advisory team and will continue to operate out of Quayle Munro’s offices in Edinburgh and London.

The management team of Stephen Bell, Clare Lacey, Andrew Watson and Moray Watt own the majority of the equity in the new partnership. Quayle Munro Holdings retains a minority membership interest. The management team are joined by 8 colleagues from Quayle Munro’s Edinburgh office.

QMPF will benefit from an entrepreneurial ownership and a focus on both established and growing market sectors, advising clients on the financing and structuring of projects, investments and debt financing.  

In renewables, QMPF believes Scotland is an excellent base for growing our advisory business in on-shore wind, biomass CHP and other developing renewables sectors. QMPF has just completed the financing of the 10.25MW Bilsthorpe windfarm for John Laing. Recent and current transactions also included:

  • Advising Barclays Infrastructure Funds on acquisition of a majority stake in the Wadlow Windfarm in Cambridgeshire, from RES Group Ltd.
  • Advising University of St Andrews on development of a site for Biomass Combined Heat and Power (“CHP”).

In education, QMPF continues to work on a wide range of advisory assignments throughout the UK for Universities and Colleges including:

  • University of Edinburgh postgraduate student accommodation
  • New £200m Campus for Swansea University
  • New student accommodation for the Royal College of Music in London

This sector has been resilient throughout the recession, seeing an increased investment appetite from pension funds and institutional investors looking for secure long dated returns, in line with the UK Government’s own thinking. As the Higher Education market develops in response to fees being charged for undergraduate courses in England, Wales and Northern Ireland, we expect a more responsive and market-driven sector to develop, including new private sector entrants. This will create more opportunities for our specialist corporate finance advice.

In social infrastructure, QMPF continues to actively pursue the Non Profit Distributing (“NPD”) projects in Scotland being promoted by the Scottish Futures Trust particularly in the education and health sectors, with further activity emerging from the newly formed “hub” territories. In addition, QMPF continues to support clients in the LIFT, blue light (police and fire brigade), care homes and housing sectors. Current and future projects include:

  • £2.4bn Priority Schools Building Programme in England
  • The Royal Hospital for Sick Children and Department of Clinical Neurosciences in Edinburgh
  • North Tyneside Quality Homes for Older People
  • Ayrshire& Arran Acute Mental Health & North Ayrshire Community Hospital

QMPF Partners commented:

“We believe there is significant potential for growth in the project finance advisory business, building on our existing advisory strengths in Education, Renewables and Infrastructure throughout the UK and Ireland, providing high quality, independent advice. Edinburgh is an excellent location from which to grow our business and we are delighted that Quayle Munro has elected to take a significant minority stake.”

 

QMPF LLP, Excel House, 30 Semple Street, Edinburgh EH3 8BL
+44 (0)131 222 2600
info@qmpf.co.uk

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