McDermott advises H.I.G. Capital on acquisition of Avove

Global law firm McDermott Will & Schulte advised H.I.G. Capital on the equity and financing aspects of its acquisition of Avove Limited, including the co-investor arrangements and acquisition financing provided by a consortium of lenders.

H.I.G. Capital is a leading global alternative investment firm with approximately $75 billion of capital under management. The acquisition supports H.I.G.’s continued investment in the UK infrastructure sector and reinforces its strategy of investing in market-leading businesses with strong growth potential.

Avove is a leading UK infrastructure services and engineering company providing end-to-end design and build solutions to utilities across the water, wastewater and power sectors. Operating throughout Great Britain and Northern Ireland, Avove has built a strong reputation for high-quality delivery, being an employer of choice, and generating positive social value in the communities it serves.

On the acquisition finance side, the McDermott team was led by partner Aymen Mahmoud (European Head of Finance), supported by counsel Giulia Venanzoni and associate Bethany Drayton.

On the equity side, the McDermott team was led by partner Fatema Orjela, supported by senior associate Tom Johnson.

The combined team reflects McDermott’s integrated Private Equity and Finance platform and deep experience advising sponsors on complex cross-border acquisitions and acquisition financings.