Linklaters advises Macquarie on its acquisition of a 50% stake in Last Mile Infrastructure Group

Linklaters has advised Macquarie Asset Management on its acquisition of a 50% stake in Last Mile Infrastructure Group (Last Mile) from Infracapital, the infrastructure equity investment arm of M&G Plc. Infracapital will retain the remaining 50% stake.

Last Mile is one of the UK’s largest Independent Network Owners. The business designs, installs, owns and operates last mile electricity, gas, water and wastewater networks as well as providing smart meters to new build properties across the UK, an attractive offering to new-home builders as a clean energy solution. It owns and manages approximately 670,000 electricity and gas connections, linking distribution networks to residential and commercial customers. The business is also developing an order book of circa 725,000 electricity, gas, water and wastewater connections.

The transaction is subject to certain antitrust and regulatory conditions.

The cross-practice deal team was led by Corporate M&A partner Nicole Meyer, alongside Corporate managing associate Tom Ford.

Linklaters’ M&A practice advises corporates, financial sponsors and investment banks on their most significant and complex corporate transactions in all sectors and geographies. The firm’s end-to-end approach brings together its leading transactional expertise with the full range of specialist areas including antitrust, foreign investment, energy and infrastructure, employment and incentives, environmental, intellectual property, pensions, tax and technology.