A&O scores victory in southern water bid

An Allen & Overy (A&O)-advised consortium has emerged triumphant in the £4.2bn auction for Southern Water.

A&O corporate partner Alan Paul won the instruction off the work he did for Macquarie Bank on its successful £8bn bid for Thames Water.

Macquarie was the financial adviser to the consortium on this deal, led by JPMorgan Asset Management and Australia’s Challenger Infrastructure Fund.

Southern Water was sold by Royal Bank of Scotland, which turned to Linklaters. Although A&O led the advice to the consortium, a raft of firms was drafted in by the individual members. UBS turned to Her