Overview

Infrastructure fundraising and investments are growing at unprecedented levels. As a leading legal advisor to private equity firms and other asset managers, Ropes & Gray is committed to guiding investors and companies that are active in this dynamic sector. We make it our mission to be full thought partners to our infrastructure clients, bringing deep business and legal experience as we help our clients navigate fundraising, mergers and acquisitions, joint ventures, financing, and other infrastructure sector transactions.

Sophisticated global sponsors and investors rely on Ropes & Gray. With more than 300 lawyers focused on asset management and 180 lawyers devoted to private equity, we are a firm built to serve private investors. Our industry strength is recognized: Chambers ranked Ropes & Gray Band 1 for “Private Equity: Fund Formation” and Law360 named us a 2023 “Private Equity Practice Group of the Year.” We have seen every side of the private investment industry and offer our unique commercial perspective to large and middle-market investments and private equity firms exploring alternative asset classes.

We advise on the most cutting-edge, sector-defining transactions. Among them, we advised on the largest primary fiber securitization offering in history for a public fiber-to-the-premises telecom company, the $3 billion recapitalization of North America’s leading network-neutral interconnection and hyperscale edge data center company, and the launch of Meketa Infrastructure Fund, an interval fund for individual investors. We have also guided institutional investors on their investments in hundreds of infrastructure-focused funds, as well as private equity sponsors raising dedicated infrastructure funds.

Our clients span the sector and the world. We advise private equity investors, including dedicated infrastructure funds, hedge funds, real estate funds, sovereign wealth funds and other institutional investors. We also work with operators and developers of infrastructure assets in renewable energy, energy transition and infrastructure services. This broad sector perspective informs our advice to clients.

We are a multidisciplinary team. Our cross-practice group of infrastructure lawyers is global, collaborative and diverse. With dedicated experts located in the United States, the United Kingdom and Asia, we are united by our commitment to helping clients succeed.

Experience

We represent clients in a range of matters.

Control investments, minority investments and joint ventures
Spin-off, split-off and carve-out transactions
Equity capital transactions, including IPOs, follow-on offerings and PIPEs
Debt financing transactions, including credit facilities and investment-grade and high yield debt offerings
Restructurings, including debt exchanges and liability management transactions
Structured finance transactions
Privatizations
Fund formation and fund finance

Learn more about our work across the sector.

Digital Infrastructure

Digital infrastructure is one of the fastest growing segments within infrastructure, constantly evolving with technological innovation. We work closely with clients at the forefront of the sector, guiding transactions involving data centers, data transmission, network infrastructure, internet technologies and digital infrastructure services. Representative matters include advising:

Frontier Communications on its inaugural $2.1 billion fiber broadband securitization—the first of its kind for a public fiber-to-the-premises telecom company
Berkshire Partners on the $7.1 billion sale of Lightower Fiber Networks, a provider of digital fiber network and broadband services
Investors on the $3 billion recapitalization of Cologix, North America’s leading network-neutral interconnection and hyperscale edge data center company—the largest single-asset continuation vehicle raised in digital infrastructure to date

Renewables & Energy Transition

With widespread recognition of the need to transition to renewable sources of energy, private investment in energy transition has grown rapidly. We partner with our clients across a broad range of transactions in the renewables sector, including investments in wind and solar generation, as well as renewable energy generation technology, such as energy storage. Representative matters include advising:

Vision Ridge Partners and Havila Holding on the sale of Fjord1, Norway's leading owner and operator of electrified ferry transportation, to DIF Capital Partners and EDF Invest
Eversource Energy on its joint venture with global energy company Ørsted to develop deep water offshore wind farms off the coast of New England, as well as its sale to Ørsted of half its interest in an uncontracted wind seabed for $625 million
TSG Consumer Partners in its investment in Trinity Solar, a provider of renewable energy solutions, including residential solar installation services
Cyrus Capital Partners and Keyframe Capital on a joint venture investment in Terawatt Infrastructure, an electric vehicle charging station developer, alongside Vision Ridge

Infrastructure Services

The infrastructure sector relies on companies that manage and service key sector players. We work hand in hand with clients investing in these companies. Representative matters include advising:

GI Partners on its $1.05 billion take-private acquisition of Atlas Technical Consultants, Inc. (NASDAQ: ATCX), a leading provider of infrastructure and environmental solutions
New Mountain Capital on its acquisition of Pearce Services, a provider of maintenance and engineering services for mission-critical telecommunications and renewable energy infrastructure, and the simultaneous acquisitions of MaxGenEnergy Services and World Wind & Solar
Kohlberg & Company on the sale of a minority stake in ENTRUST Solutions Group, a leading engineering and consulting services platform serving the utility and infrastructure end markets, to Neuberger Berman

Transportation and Logistics

We advise investors and companies focused on a wide spectrum of transactions in the transportation and logistics sector. Our experience ranges from shipping and supply chain logistics to transport services. Representative matters include advising:

American Industrial Partners on a $1 billion take-private of diversified shipping and logistics company SEACOR
Harvest Partners on its acquisition of Lazer Spot and its add-on acquisition of PHB Transport, a provider of logistics and transport services
Triartisan Capital Advisors on its joint acquisition, with Palm Beach Capital and Trog Hawley Capital, of Mears Transportation, a provider of shared ride shuttle, luxury transportation, taxi, charter and cruise transport services
BBH Capital on its investment in RPM Warehouse and its subsequent add-on investment in Continental Terminals

Social/Healthcare Infrastructure

Private investments provide a critical source of funding and growth for hospitals and other healthcare service facilities, assisted living facilities, clinical research facilities, universities, and other educational facilities. With a market-leading health care practice, we are uniquely positioned to advise our clients in their investments in this sector. Representative matters include advising:

TPG Growth’s global impact fund, The Rise Fund, on its investment in Zipline, the world’s leading provider of logistics and drone delivery for healthcare services
Centerbridge Partners and the Vistria Group on its joint acquisition of Help at Home, a provider of in-home care to seniors and persons with disabilities
TPG on its sale of Cancer Treatment Services International, an operator of cancer treatment facilities
Bain Capital Double Impact on the sale to Cressey & Company of its portfolio company HealthDrive, a leading multispecialty clinical services organization serving patients residing in long-term care facilities