Allens has worked with NSW Treasury and its other advisers to bring to completion the $10.258 billion 99-year lease of TransGrid to consortium, NSW Electricity Networks.
The long-term lease of the state's electricity transmission assets, as announced late last month, has now been successfully closed.
Partner, John Greig said it was gratifying that the NSW Government had entrusted Allens to advise on these transactions which will fund important infrastructure in the state through the Restart NSW Fund.
'The transaction has been complex and demanding but the team has enjoyed the challenges. The work builds our electricity transaction and reform experience for government in every participating state in the National Electricity Market.
'The second in a suite of three transactions, the partial lease of the distribution network, Ausgrid is underway and well positioned,' Mr Greig said.
Other advisers to NSW Treasury include: Deutsche Bank and UBS, as joint financial advisers and Ernst & Young as taxation and accounting advisers.
Allens legal team
John Greig (Partner), Andrew Mansour (Partner), Kylie Brown (Partner), Kate Towey (Partner), Anna Collyer (Partner), Ian McGill (Partner), Rob Watt ( Partner), Veronica Siow (Partner), Jodi Reinmuth (Partner), Charles Armitage (Partner), Chris Blane (Managing Associate), Scott McCoy (Managing Associate), Damien Hughes (Senior Associate), Sikeli Ratu (Senior Associate), Dan Ireland (Overseas Consultant), Charles Ashton (Senior Associate), Will Coote (Associate) and Chris Travers (Associate).
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Notes for editors.
Allens is a commercial law firm working throughout Australia and Asia. Through its integrated alliance with Linklaters it provides clients access to 40 offices in 28 countries around the world.