UK: Philip Brown Joins Lovells’ Expanding Project Finance Practice
Last Updated: 6 August 2001

Lovells' international project finance practice is expanding further again with the lateral hire of Philip Brown, previously with Clifford Chance, as a partner based in the firm's London office. He joins Lovells on 6 August.

His appointment follows that of James Harris, as a partner based in Singapore, earlier in the year. Lovells' international project finance team now numbers 35 partners, in the UK, Germany, France, Italy, the Netherlands, Hong Kong, Singapore, Japan and Poland[list jurisdictions].

Philip (34), was formerly with Clifford Chance. From a base in general corporate and commercial work, particularly that associated with Private Finance Initiative work, he has increasingly specialised in project finance transactions, notably on PFI deals across aa range of sectors.nd mostly for sponsors. [He also has experience of the Public Private Partnership (PPP) market.]

Gavin McQuater, head of Lovells' project finance practice, said:

"The PFI and PPP market in the UK continues to growthrive. TIncreasingly there are also considerable export opportunities inas other jurisdictions, particularly in Continental Europe, as they embrace [these/the PPP] concepts.

"Many of these deals include a M&A element, often involving the transfer of the whole or a part of a reflecting the effective privatisation of a public utility to the private sector. Conventional M&A activity is also now developing in the PPP market, as players consolidate their positionsbeginning in the sector. Philip's arrival, as a practitioner with a good mix of corporate and project finance expertise in the domestic market and a strong track record with sponsors, will help us build on our established position in London and internationally. With his seasoned technical skills, he will be an excellent complement to our existing team."

Philip Brown commented:

"As you would expect, I thought hard about my options at this stage in my career. Lovells is working on some of the most exciting PPPs currently in the market including – [cite some examplesthe National Stadium Project and London Underground. The firm's reputation in project finance continues to grow. These factors weighed heavily with me and I have no doubt that this is going to be a very successful move."

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