Andy Savage
Partner

CORPORATE

LONDON

T: +44 20 7814 8000
D: +44 20 3036 9802
M: +44 7803 118140

EmailE: andysavage@wfw.com

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Summary Open

Andy is a Partner in the Corporate group of Watson Farley & Williams, based in London.

His practice focuses on domestic and cross border mergers and acquisitions, joint ventures and private equity transactions. Andy has experience across a number of sectors with a particular focus on energy and infrastructure transactions, including renewable energy and oil & gas transactions. Andy has also been involved in numerous emerging markets transactions, including in Africa, where he has advised private equity funds, infrastructure funds and leading corporates.

Andy is recommended by Legal 500 UK 2017 for M&A, Private Equity and Energy and Natural Resources.

Prior to joining Watson Farley & Williams, Andy practiced at Norton Rose Fulbright and Vinson & Elkins.

Experience Open

    Andy’s experience includes advising:
    Energy M&A
    • Statkraft, the largest generator of renewable power in Europe, on the divestment of its 40% stake in the 317 MW Sheringham Shoal Offshore Wind Farm to the UK fund manager Equitix for a value of £558m.
    • Statkraft on the proposed sale of a 30% share in the 402 MW Dudgeon Offshore Wind Farm to a consortium led by China Resources (Holdings) Company Ltd, a state-owned Chinese enterprise, for a value of £555m.
    • Blue Energy, a UK based renewable energy investor and developer, in connection with the disposal of a portfolio of windfarms with a total capacity of 149 MW to funds managed by Octopus Investments.
    • RoundShield Partners on its investment in a UK solar project.
    • Soros Fund Management and Albright Capital Management in connection with the US$855m sale of APR Energy, a global provider of turnkey temporary power generation services, to Horizon Acquisition Company Plc, a London Stock Exchange listed acquisition vehicle founded by Hugh Osmond, the private equity investor. The transaction was effected by way of a reverse takeover.
    • Vattenfall AB in relation to the recommended cash takeover offer for Eclipse Energy (UK) Plc, the owner of the Ormonde offshore wind and gas project.
    • RWE NPower Renewables in relation to the disposal of a pipeline of ten onshore wind projects to the German fund, Renerco.
    • OMV AG and OMV Exploration & Production GmbH on the sale of 100% of the shares in its wholly owned subsidiary OMV (U.K.) Ltd to Siccar Point Energy Ltd (backed by Blackstone Energy Partners and Blue Water Energy) for a consideration of up to US$1bn.
    • The lenders to Chrysaor (backed by EIG Partners) on the corporate aspects of Chrysaor’s proposed purchase of certain of Shell’s North Sea assets for a consideration of up to US$3.8bn.
    Emerging markets transactions
    • A consortium of international financial investors, including funds advised by Helios Investment Partners, in relation to the acquisition of a majority stake in Fawry, the leading electronic bill and payment platform in Egypt. The purchase price valued Fawry at approximately US$100m.
    • A Helios Investment Partners portfolio company on the acquisition of a 29.4% shareholding in Eland Oil & Gas Plc, an AIM listed oil and gas company with interests in Nigeria.
    • Funds advised by African Infrastructure Investment Managers  on its equity investment in Cenpower Generation Company Ltd the owner of the Kpone Independent Power Plant in Ghana which, when constructed, will be a 340 MW combined cycle gas turbine power plant and one of the largest IPPs in Ghana.
    • Orange SA on its acquisition of Cellcom Liberia, a Liberian mobile network operator, from private equity investors.
    • Vattenfall AB in connection with its investment in a Liberian biomass production facility together with the shareholder arrangements with the project developer and the offtake arrangements.
    • Development Partners International and other selling shareholders (including AfricInvest and the European Development Finance Institutions DEG, FMO and PROPARCO) on the sale of Assur Africa Holding to the AXA Group for a total consideration of approximately €198m. Assur Africa Holding owned a 77% interest in Mansard Insurance Plc, one of Nigeria’s leading insurers and the largest listed insurer on the Nigerian Stock Exchange.
    • Etisalat Nigeria on the sale and leaseback of its telecommunications towers to IHS Holding (the transaction was awarded IJ Global African Telecoms Infrastructure Deal of the Year 2014).
    • Various telecoms infrastructure companies, mobile network operators and lenders on the proposed acquisitions, disposals and leaseback arrangements of telecommunications towers in various African and Middle Eastern jurisdictions.

Membership of Professional Societies Open

  • Law Society of England and Wales

Publications Open

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