Allen & Overy advises Glennmont Partners on landmark infrastructure on-balance sheet securitisation

Partner Parya Badie led the Allen & Overy team that assisted Glennmont Partners, supported by counsel Pietro Bellone, senior associates Eric Denton and Robert Simmons and associate Valentine Nguhi. A UK and pan-European team led by Madrid partners Ignacio Ruiz-Camara, Salvador Ruiz Bachs and Vanessa Cuellas, London partner Edward Moser, Paris partners Driss Bererhi, Jean-Dominique Casalta and Romaric Lazerges and Frankfurt partners Stefan Henkelmann and Udo Olgemoeller provided support in relation to the due diligence on the infrastructure loans and the underlying assets.

Claudio Vescovo, Managing Director, commented: “We’re pleased to continue innovating and creating value for our investors. This transaction offers Glennmont’s investors exposure to a highly diversified portfolio and a hedge to inflation with potential upsides in the current interest rate environment. This transaction demonstrates Glennmont’s ability to find attractive opportunities and deliver sustainable, enhanced returns for our investors.”

Parya Badie, partner, commented: “This landmark transaction demonstrates continued appetite for ESG investments.  It also highlights the importance of developing partnerships with investors like Glennmont, where the investor can pursue its strategic objectives while facilitating the bank’s significant risk transfer in respect of a diverse pool of assets spread across multiple jurisdictions.  We are proud to be at the forefront of this work – supporting the growth of the ESG market and offering our clients a seamless service across our global network”.