Katherine Best
Senior Associate



T: +44 20 7814 8000
D: +44 20 7863 8925
M: +44 7738 328824

Summary Open

Katherine is a Senior Associate in the Energy & Infrastructure group, based in London. She specialises in banking and finance transactions in the energy and infrastructure sector and has experience advising both sponsors and lenders.

Katherine is qualified as a lawyer in New South Wales, Australia and has previously worked at Slaughter and May in London and at Gilbert + Tobin and Clayton Utz in Australia.

Experience Open

    Katherine’s experience includes advising:
    • Institutional investors on a £1.3bn investment-grade bond in relation to the acquisition by leading Danish pension funds PKA and PFA of a 50% stake in 659 MW Walney Extension offshore wind farm from Ørsted (formerly DONG Energy). The deal is valued at £2bn, of which £1.3bn is being funded through the issuance of the bond.
    • European renewables platform Vortex, which is managed by the private equity arm of EFG Hermes, on its acquisition of 365 MW UK solar PV portfolio with an enterprise value of c. £470m from TerraForm Power.  Comprising 24 operational assets, Vortex’s new acquisition represents one of the largest solar PV portfolios in the UK.
    • PKA, one of Denmark’s leading pension funds, on its acquisition of a 50% stake in the Teesside Renewable Energy Plant in the North East of England. The investment bank Macquarie Capital holds the remaining 50%, and the total investment in the plant is anticipated to be in the region of £900m.
    • Tata Steel UK Holdings Ltd and Tata Steel Global Holdings Pte Ltd (each wholly owned subsidiaries of the India-based Tata Steel Ltd) on the October 2014 refinancing of existing leveraged finance debt through 3.05 billion and US$1.5bn of new term loan and revolving credit facilities.
    • INEOS (one of the world’s largest chemical groups) in relation to various refinancing arrangements, trade receivable securitisation structures, internal reorganisations and financing aspects of key joint ventures and acquisitions.
    • A club of 11 financiers (including international and Australian banks and an export credit agency) to the winning Ontario Teachers’ Pension Plan Board and Hastings Fund Management bid to acquire the long term lease of the Sydney Desalination Plant from the State of New South Wales. At the time, this was the largest privatisation in New South Wales history.
    • The syndicate of four international banks funding the winning The Royal Bank of Scotland, Acciona Agua, TRILITY/Mitsubishi Corporation and Brookfield Multiplex consortium bid to undertake the construction and operation of the Mundaring Water Treatment Plant in Western Australia. This was the first water public private partnership in Western Australia.
    • Alinta Energy (one of Australia’s largest energy infrastructure companies) on the refinancing and restructuring of electricity assets in Western Australia.
    • Transfield Services Infrastructure Fund (TSIL) (now Ratch Australia Infrastructure Fund) on its borrowing base debt facility and various project finance facilities, including in respect of electricity assets and windfarms in south-eastern Australia.

Education Open

  • University of Sydney: Bachelor of Laws (Hons) / Bachelor of Science (Hons)

Membership of Professional Societies Open

  • New South Wales Law Society

Employment Record Open

  • 2013 – 2016: Slaughter and May, Associate
  • 2010 – 2013: Gilbert + Tobin, Senior Associate
  • 2007 – 2009: Clayton Utz, Solicitor

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