Tim Sheddick
Biography
Overview
Tim Sheddick is a partner in our global M&A and Corporate practice based in London and a member of the EMEA Private Equity team.
Tim advises infrastructure funds, sovereign wealth funds pension funds and other financial sponsor clients on public and private M&A including domestic and cross-border acquisitions, disposals, joint ventures, co-investments and restructuring. Tim has a particular focus on the infrastructure sector.
Experience
His experience includes:
Representation of Palisade Real Assets and its portfolio company, Biotic NRG Limited on the parallel acquisitions of AD Aggregator Platform Limited (ADAP) and Material Change Limited (MCL). ADAP is a bioenergy platform located in the east of the UK and consists of six operating anaerobic digestion (AD) plants and a composting business. MCL is a UK-based AD and composting operator and developer with currently manage five of the ADAP AD plants and the ADAP composting business.
Representation of Macquarie Asset Management on the sale of Macquarie European Infrastructure Fund 4's 40 per cent stake in Hydro Dolomiti Energia (HDE) to a consortium comprised of Equitix Euro Funds, Tages Capital SGR S.p.A., and La Finanziaria Trentina S.p.A. together with local industrial co-investors and institutions. The terms of the transaction imply a valuation of approximately €1 billion for the business. HDE operates 29 hydropower plants across the Italian province of Trento, representing 1.3 GW of installed capacity.
Representation of Antin Infrastructure Partners on the acquisition of Portakabin, a market leader in the design and provision of modular building infrastructure, from Shepherd Building Group.
Representation of Macquarie Asset Management on its investment in a 49.9 per cent stake in Hydro Rein, from Hydro for approximately $US332 million. Hydro Rein is a leading provider of renewable energy to the industrial sector. The investment will be held by the Macquarie Green Energy and Climate Opportunities Fund and help finance Hydro Rein's pipeline of projects in construction and development.
Representation of Macquarie Green Investment Group Energy Transition Solutions (MGETS) on the establishment of its global battery storage platform, Eku Energy and related sale by MGETS of a minority interest in Eku Energy to British Columbia Investment Management Corporation.
Representation of Macquarie Asset Management and certain of its managed fund (MAM) in relation to the purchase of a 60% stake in National Grid plc's UK gas transmission and metering business (NGG) through a consortium led by MAM and the subsequent acquisition of an additional 20% stake in NGG.
Representation of Macquarie European Infrastructure Fund 7 on its purchase of a significant minority stake in Virtus Data Centres group from ST Telemedia (a portfolio company of Temasek). The Virtus Data Centres Group builds and operates data centres in England and is expanding into Europe.
Representation of a large Infrastructure fund on the proposed acquisition of Nature Energy, the Danish based bioigas business.
Representation of a consortium of infrastructure funds on the proposed acquisition of a minority stake in the broadband fibre business of Norlys.
Representation of a consortium led by Macquarie Asset Management, together with British Columbia Investment Management Corporation and MEAG (the asset manager of Munich Re and Ergo) on the consortium's acquisition of Reden Solar, a French-based developer, financer, builder and operator of solar power plants across Europe and Latin America, from InfraVia Capital Partners and Eurazeo.
Representation of Macquarie Infrastructure and Real Assets on the acquisition of a 49% interest in the Hellenic Electricity Distribution Network Operator (HEDNO) from Public Power Corporation, a Greek listed utility.
Representation of Macquarie European Infrastructure Fund 6 on the acquisition of a 40% interest in Open Fiber from Enel S.p.A.. Open Fiber operates Italy's largest fibre to the home network.
Representation of Macquarie European Infrastructure Fund 6 alongside a consortium comprising funds managed by Blackstone Infrastructure Partners and CDP Equity of an 88.06% interest in ASPI, one of Europe's largest toll road operators from Atlantia.
Representation of Utilities Trust of Australia and the Infrastructure Fund on the sale of their interests in Porterbrook (the UK rolling stock leasing business) to a consortium of Dalmore Capital and Generation Capital.
Representation of Macquarie European Infrastructure Fund 4 on the sale of its majority interest in Società Gasdotti Italia SpA, the largest independent gas transmission operator in Italy to Ontario Teachers' Pension Plan Board.
Representation of Swiss Life on the equity investment arrangements for its acquisition in consortium with APG and NPS of a majority interest in Brisa-Auto-Estradas de Portugal, S.A. from José de Mello Investments and Arcus, which values the equity of Brisa at more than €3 billion.*
Representation of Macquarie European Fund 6 on its acquisition of Farnborough Airport.*
Representation of Macquarie European Infrastructure Fund and Macquarie European Infrastructure Fund 3 on the sale of their 36% interest in Brussels Airport to a consortium of QIC, APG and Swiss Life.*
Representation of funds managed by First State Investments and Hermes on the acquisition of Scandlines (the Danish/German ferry) from 3i Group and funds advised by 3i for a total consideration of approximately €1.7 billion.*
Representation of PKA, PFA, ATP and funds managed or advised by Macquarie Infrastructure and Real Assets on the take private of TDC A/S, the listed Danish telecoms company for a total consideration of approximately $6.6 billion.*
Representation of Macquarie European Infrastructure Fund 3 on the sale of its interest in Kastrup Airports Parent ApS, the ultimate owner of Copenhagen Airport, to Ontario Pension Plan Board / ATP for a total consideration of approximately €1.31 billion.*
Representation of Macquarie European Infrastructure Fund 2 on the sale of its remaining interest in Thames Water to Borealis and Wren House Infrastructure for approximately £1.35 billion.*
Representation of Caisse de depôt et placement du Quebec on the sale of its interest in South East Water to a consortium of investors managed by Hastings Fund Managers.*
Representation of Macquarie Infrastructure and Real Assets/Macquarie European Infrastructure Fund 5 on the equity arrangements for acquisition, as part of a consortium of investors, of a 61 percent stake in National Grid's gas distribution business for an implied enterprise value of £13.8 billion.*
Representation of six institutional investors (including Macquarie Bank Limited, MTAA Superannuation Fund, AustralianSuper and Statewide Superannuation Trust) on the disposal of their collective 82.5 percent investment in the Moto group to Universities Superannuation Scheme.*
Representation of Macquarie European Infrastructure Fund IV on its acquisition of Towercom, the Slovakian broadcast towers business.*
Representation of Macquarie European Infrastructure Fund on the sale of A-Train / Arlanda Express to a consortium of investors.*
Representation of Macquarie European Infrastructure Fund on the disposal of its indirect interest in APRR to a consortium of investors including PGGM.*
Representation of Macquarie European Infrastructure Fund on the sale of its 50 percent interest in Bristol Airport to entities controlled by the Ontario Teachers' Pension Plan.*
Representation of Copenhagen Airports A/S on the disposal of its 49 percent interest in Newcastle International Airport to AMP Capital and related refinancing and recapitalization of the airport.*
Representation of Macquarie European Infrastructure Funds / Kemble Water International Holdings Limited on the disposal of a 9.9 % indirect interest and the subsequent further disposal of a 13% indirect interest in Thames Water.*
* Experience prior to joining White & Case