Pinsents, Stephensons make light work of PFI

Pinsent Masons and Stephenson Harwood have capitalised on the development of street lighting as a PFI market, closing a £100m project between Dorset County Council and EDF Energy. Stephensons strengthened its relationship with EDF Energy after advising the company on similar deals for the London Boroughs of Islington and Ealing. Real estate partner Chris Seel led the firm’s advice. Meanwhile, Pinsents projects assistants Duncan Halliwell and Oliver Mangiapane led the advice to Dorset County Council. The 25-year, £100m project was funded by a loan from Dexia Public Finance Bank, advised by Tods Murray renewable energy partner Gordon Prestige.