Pinsent Masons‘ PFI lawyers have secured the firm’s first major deal for Kent County Council.
The major financial completion project for Kent’s schools PFI is a £100m, 28-year concession to deliver state-of-the-art facilities to six schools.
The firm was appointed to the council’s PPP panel in late 2003. It had taken instructions on smaller projects previously, but beat six other firms on the panel to secure the completion work.
Bilfinger Berger will lead the construction consortium, with credit facilities provided by Sumitomo Mitsui Banking Corporation and NIB Bank. Norton Rose acted for the consortium and its financiers, headed by projects partner Chris Brown.
Pinsents project partner Alan Aisbett led the team advising Kent. Pensions partner Simon Laight and employment partner Michael Ryley were also involved, with Suhail Mirza, Oliver Mangiapane and Duncan Haliwell assisting.
Kent PFI head Rebecca Spore said: “Facilities will be fit for the delivery of education in the 21st century as well as offering a range of community services.”