Paul Doris
Partner

ENERGY & INFRASTRUCTURE

LONDON

T: +44 20 7814 8000
D: +44 20 7814 8199
M: +44 7718 700019

EmailE: pdoris@wfw.com

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Paul Doris

Summary Open

Paul is a Partner in the Energy & Infrastructure group in London and focuses his practice on domestic and cross-border mergers and acquisitions, joint ventures and private equity transactions.

He has represented financial sponsors, multinational corporations and financial institutions on a broad range of cross-border transactions, including First State Investments, EFG Hermes, PGGM, Vattenfall, Macquarie, Dong Energy, BTG Pactual, Apax Partners Worldwide, Doughty Hanson, Och-Ziff Capital Management Group, Fortress Investment Group, Colony Capital, Accelero Capital Holdings, Barclays Private Equity, One Equity Partners, RREEF Alternative Investments, Warburg Pincus and TPG Capital.

He has practised English corporate law in London, Madrid, Frankfurt and Paris and advised on transactions throughout Western, Central and Eastern Europe, particularly in the UK and Spain, and also in Latin America, India, Russia and the Middle East.

Fluent in Spanish and with strong transactional experience in Spain, he plays a significant role in developing our Spanish and Latin American practices.

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Experience Open

    Paul’s experience includes advising:
    • Yushan Energy on its joint venture to develop and finance the US$2.86bn 700 MW Hai Long offshore wind project in the Taiwan Strait, 50km from the Changhua coast, Taiwan.
    • 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.
    • First State Investments on its acquisition of French district heating business, Coriance, from KKR.
    • DONG Energy on its sale of a 50% stake in the 258 MW Burbo Bank Extension UK offshore wind farm project to Danish pension provider PKA and KIRKBI A/S, the parent company of the LEGO Group.
    • Solar 21, an Irish renewable energy firm, on its equity investment in GB-Bio Ltd, which owns the project rights to build the 22 MW Tansterne Biomass power plant in England, and its related equity financing.
    • Vattenfall, one of Europe’s leading electricity generators, on its disposal of a 49% stake in the 150 MW Ormonde offshore wind farm in England to Swedish pension group, AMF, for £237m (circa SEK3bn).
    • A syndicate of 10 lenders, led by Banco Santander, on the €528m financial restructuring of Olivento, Spain’s largest onshore wind portfolio with a total capacity of 422 MW.
    • Dutch pension fund manager, PGGM, on its acquisition of a significant interest in the 288 MW offshore wind farm, Baltic 2, located in the German Baltic Sea. PGGM invested in Baltic 2 through its PGGM Infrastructure Fund 2014 and as the lead investor in an international consortium.
    • Vattenfall on its joint venture with ScottishPower Renewables relating to East Anglia Offshore Wind.
    • BTG Pactual on its:
      • CHF1.5bn acquisition of the entire share capital of BSI, the Swiss-based private banking unit owned by Assicurazioni Generali S.p.A;
      • acquisition of Ariel Reinsurance, the Bermuda-based property and casualty reinsurance company, from Global Atlantic;
      • successful €1bn bid, as part of an international consortium, for the 50-year concession to manage, operate and maintain Aigües Ter Llobregat, the Catalonian water utility (the largest privatisation effected in the region of Catalonia to date); and
      • successful €430m bid, together with abertis Infraestructuras, to acquire the concessionaire company, Túnels de Barcelona I Cadi Concessionària de la Generalitat de Catalunya.
    • Apax Partners Worldwide LLP on a successful cross-border transaction involving U.S. and European businesses.
    • Pfizer Inc. on its proposed US$118bn acquisition of AstraZeneca Plc.
    • The Vitol Group, the world’s largest independent energy trader, on the establishment of Varo Energy, a 50:50 joint venture with global alternative asset manager, The Carlyle Group, to create a midstream energy group across northwest Europe, and the sale of Vitol’s German tank storage and wholesale distribution businesses to Varo Energy.
    • Mylan Laboratories Inc. on its US$1.6bn acquisition of the Agila injectables businesses from Indian pharmaceutical company, Strides Arcolab Ltd.
    • Nokia Corporation on its €5.44bn sale of substantially all of its devices and services business and license of its patents to Microsoft.
    • Revlon on its US$660m acquisition of The Colomer Group from CVC Capital Partners and other private investors.
    • Rain CII Carbon LLC, a subsidiary of Rain Commodities Ltd, in its US$914m acquisition of RUTGERS, a manufacturer of specialty chemicals, from funds advised by Triton Partners.
    • Doughty Hanson on the:
      • US$389m initial public offering of Tumi Holdings Inc., a manufacturer of upscale luggage and travel accessories, on the New York Stock Exchange and subsequent secondary offerings;
      • US$1.1bn sale, along with Euroland Investments B.V., of Norit N.V., a manufacturer of carbon-based products, to Cabot Corporation, a specialty chemicals company (August 2012); and
      • acquisition of a substantial interest in Grupo Hospitalario Quirón, one of Spain’s largest private hospital groups.

Education Open

  • 1997 – 1998: Legal Practice Course, The College of Law
  • 1993 – 1997:B.A. (Common and Civil Law and Hispanic Studies), The Queen’s University of Belfast
  • 1995 – 1996: Spanish Law, La Universidad de Salamanca

Languages: English, Spanish and French.

Author/Speaker/Awards Open

  • Paul was recently a panellist at the “UK onshore wind briefing” co-hosted by JLL Energy & Infrastructure, Baringa Partners and WFW.
  • Conference Speaker: Paul is a visiting professor on international M&A and private equity at IE Business School, Madrid.
  • Published Materials: Private Equity and Venture Capital Report 2014 – International Financial Law Review (co-authored)
  • Achievements: Paul is listed as an energy specialist and recommended for mid-market mergers and acquisitions in the UK Legal 500. He has also been listed as a leading lawyer in Chambers Global and Chambers Europe, drawing praise for being “an adept M&A lawyer” who is “particularly experienced in the private equity arena“.

Membership of Professional Societies Open

  • Solicitor of the Senior Courts of England and Wales

Employment Record Open

  • 2014 – present: Partner, Watson Farley & Williams LLP
  • 2011 – 2014: Counsel, Skadden, Arps, Slate, Meagher & Flom (UK) LLP
  • 1999 – 2011: Senior Associate, Freshfields Bruckhaus Deringer LLP

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