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Dominic Spacie

Dominic Spacie

Consultant

Dominic Spacie

Consultant

London

D+44 20 7246 7035

M+44 7795 618226

Local time

Dominic is a consultant (formerly a partner for 20 years) whose experience primarily lies in concession-based project finance (with a specific focus on infrastructure and energy) and PPPs. He has advised clients, including banks, sponsors/borrowers, investors and the public sector, on all aspects of project financing, on both project-related documentation and finance documents (debt and capital market solutions). In recent years, he has advised on a large number of international PFI/PPP sector projects, including the airport sector. He also spent nine months on secondment to the in-house legal department of the European Bank for Reconstruction and Development, advising the bank on its debt and equity investments in Eastern Europe. He also focuses on developing the Firm's project finance in Africa and has been working on African infrastructure projects in Kenya, Uganda, Rwanda and Nigeria. He has more recently advised lenders in relation to a number of renewable, infrastructure and hotel projects across the Caribbean including in Antigua, the Turks & Caicos, Barbados and Jamaica.

Experience

Project Finance and PFI/PPP

Rail, Ports and Airports

Blue Line Nigeria: Advising the sponsor in respect of the financing issues for this PPP rail project in Nigeria.
Rwanda Airport PPP: Advising the Rwandan government on this project.
Airport – Africa: Advising a developer (sponsor) on this project.
Antiguan port: Advising the lenders on the financing of the construction of a cruise pier in Antigua.
Bandirma port: Advising Celebi Holding in relation to the project financing of this port in Turkey.
Airport fuel facility: Advising the lender on this facility at Gatwick airport.

Power/Energy

Turkish power project: Advising Gama and GE on their shareholder support arrangements.
Caribbean region: Advising lenders on the financing of renewable (wind and solar) projects in the Cayman Islands, Jamaica and Guatemala.
Antigua LNG and Power: Advising the lenders on the financing of a power station and LNG facility in Antigua.
Nigeria: Advising three shareholders in relation to a project in Nigeria.
Nigeria: Advising a sponsor on the development of a power plant in Nigeria.
Teesside Power Station: Advising the lenders (as a member of a team) on this 1,825MW project. Work included drafting the loan documentation and reviewing/advising on the PPA and O&M agreements.
Polish renewables project: Advising the lenders on English law issues in relation to two Polish wind farms.
Barking Power Station: Advising the sponsors (as a member of a team) in relation to this 1,000MW project, in particular in relation to the O&M agreement and loan documentation.
Northern Ireland electricity: Advising AES/Tractabel (as a member of a team) in connection with the purchase of two coal-fired power stations following the privatization of the Northern Ireland electricity industry.
Turkish hydro project: Advising the purchaser on the acquisition of this project.
Wind farm: Advising a utility on the financing of a proposed wind farm in Scotland.
Biomass: Advising on an equity fund's investment in this project in Wales.
Lender: Advising on a £90 million project to acquire a generating portfolio located in the UK.
ENH/CMH (as sponsor): Advising on its financing arrangements in relation to its participation in a pipeline project in Mozambique (in respect of the Pande/Temane gas fields). EIB was one of the lenders.
Solar: Advising a developer in relation to the financing of a solar park.

Water/Wastewater

Highlands water PFI: Advising lenders in relation to ongoing financing matters.
Cairo wastewater: Advising Veolia and AAW on their tender for the first PPP wastewater project in Cairo.
Alexandria west wastewater PPP: Advising the government of Egypt on this project in Alexandria.
Dalmuir water: Advising lenders on the expansion of a wastewater project in Scotland and ongoing operational matters.

Social Infrastructure

Uganda police: Advising the sponsor on its bid for the pathfinder police PPP project in Uganda.
Uganda justice: Advising a bidder on the JLOS PPP project in Uganda.
Kayseri hospital: Advising a sponsor on the Kayseri hospital PPP project in Turkey.
UK hospitals – PFI: Advising John Laing Social Infrastructure/Equion on the funding and project documents for the following hospital PFI/PPP projects: Kingston (closed 2004 – £100 million) (debt financed), North Staffordshire (closed 2007 – £400 million) (bond financed), Tunbridge Wells (Pembury) (closed 2008 – £300 million) (debt financed) and Papworth (ongoing).
John Laing Social Infrastructure: Advising on the amendments to the GIC arrangements following monoline downgrades.
UCLH hospital: Advising the lenders on various operational issues arising out of the PPP hospital project including major variations.
Calderdale Schools: Advising Amber Infrastructure on this hard FM contract.
West Yorkshire/Avon & Somerset: Advising John Laing Social Infrastructure and other sponsors on these two PFI police accommodation projects.
MoD Northwood PFI project: Advising Mowlem/Carillion and HSBC on the funding and project documents for this £1.6 billion accommodation project.
MoD – PFI: Advising Mowlem and HSBC on four PFI housing projects.
Leeds Swarcliffe social housing PFI: Advising HBoS on this "pathfinder" project.
FEPS project: Advising Lloyds TSB Bank plc on the PFI FEPS refinancing project.
Council (confidential), sponsor and funder: Advising on various refinancing projects.
Sponsor: Advising on the acquisition of a portfolio of completed PFI projects.

Roads and Bridges

Mombasa to Nairobi PPP toll road: Advising the Kenya PPP unit on this toll road.
Greek roads: Advising the Greek Ministry of Infrastructure on the restructuring of four existing road PPP concession agreements.
Greek road: Advising Hellenic Development Fund on the letting of a road concession.
Thames Gateway Bridge: Advising sponsors (confidential) on this project.
Private sector sponsor: Advising a sponsor bidding to design, build and operate PFI road schemes in Wales (Sirhowy) and Northern England (Cumbria).
R2 road project (Spain): Advising a UK lender on its possible participation in this Spanish road project.
Birmingham Highways Maintenance PPP: Advising lenders on direct agreements and ongoing operational matters.
Northern Irish Department of Regional Development – roads: Advising on approval of revised GIC arrangements for a major road PPP project and a major refinancing.
Kenya roads: Advising the Kenyan PPP unit on the national roads program.

Satellites/Telecoms

Galileo PPP satellite project: Advising the EU on Phases 1 and 2 of this project.
EASSy telecommunications cable project: Advising the sponsors on the financing issues for this submarine cable project. EIB was one of the prospective lenders.
Baharicom: Advising the investors on the financing of their investment in a submarine cable project off West Africa.

Defense

MoD Shipbuilding: Advising the MoD in relation to an industrial reorganization project (confidential).
MoD Shipbuilding: Advising the MoD in relation to its future frigate program.

Other relevant experience

Banking: Considerable experience in "pure" banking work, of both a secured and unsecured nature. This has included advising banks and borrowers on security/intercreditor matters and trade finance. Other transactions include debt financing (and refinancing) for a cable TV network, leveraged buy-outs and the banking aspects of corporate acquisitions (including due diligence of the banking facilities).
Caribbean region: Advising lenders on a number of financings and refinancings across the region in the renewable, infrastructure and hotel sectors in the Turks & Caicos, Bahamas, Antigua, St Lucia, BVI, Cayman Islands and Jamaica.
Millennium Wheel: Advising the funders for the Millennium Wheel project.
Eastern Europe: Advising sponsors and lenders on transactions in the Czech Republic, Poland, Romania and the Russian Federation respectively.
EBRD: Whilst on secondment to the in-house legal department of the European Bank for Reconstruction and Development, advising on a number of equity and debt investments made by the bank in its countries of operation.
Russia: Advising the bondholders in respect of the first financial reconstruction of a private sector financial institution in Russia.