We have in depth experience of transforming assets in lock-up or covenant breach. These are commonly caused by construction delays, payment disputes, financial penalties, contractor/operator failure or performance breaches.
Success requires active management and a combination of dispute resolution, restructuring, contract renegotiation, re-tendering and refinancing skills. Infraquest provides a single source for these.
- replacement of the principal operator on a portfolio of fire stations following the collapse of its parent company, a listed plc, requiring restructuring, re-tendering and negotiation of public sector and lender consents.
- settlement of a long-running client payment dispute on a multi-school PFI concession involving following a failed mediation involving contract renegotiation and refinancing.
In both cases, full service provision was retained and loss of equity value avoided.