Herbies, Linklaters land electricity deal

Infrastructure deals continued apace with the £1.62bn takeover of Northern Irish electricity supplier Viridian by Bahraini private equity firm Arcapita Bank, with Herbert Smith and Linklaters benefiting. Corporate partner Anthony Macaulay led a team at Herbert Smith for Viridian, which owns Northern Ireland Electricity. The FTSE250 company regularly instructs Herbert Smith and CMS Cameron McKenna. Linklaters, meanwhile, picked up an instruction from Arcapita. Linklaters appeared on the deal when Arcapita acquired another utility, South Staffordshire Water, in 2004. Credit Suisse is financial adviser to Viridian, while Dresdner Kleinwort is financial adviser to Arcapita.