Mayer Brown advised on three transactions honored by Proximo as 2025 “Deals of the Year.” The awards represent the premier benchmark for outstanding achievements in project, infrastructure, and energy finance across key industries in North America.
The winning transactions are:
Proximo North America Transport Deal of the Year
2025 - SR 400 Peach Partners
Led by Projects & Infrastructure partner Stephanie Wagner, the
Mayer Brown team acted as sponsors' counsel to SR 400 Peach
Partners, LLP — a consortium composed of Meridiam, Acciona,
and ACS — in connection with the financial close of a
public-private partnership for the design, construction, operation,
maintenance, and tolling of the new SR 400 Express Lanes project
north of Atlanta. Representing a total investment of roughly $11
billion, the project includes a nearly $3.9 billion USDOT TIFIA
loan, the largest of its kind to date, as well as a $3.4 billion
private activity bonds issuance, the largest ever for a US
public-private partnership.
Proximo North America Rail Deal of the Year 2025 -
Brightline West
In March 2025, Mayer Brown represented Morgan Stanley in connection
with the issuance by Brightline West, a high-speed rail network
connecting Las Vegas and Southern California, of $2.5 billion in
private activity bonds to refinance existing debt and fund ongoing
construction in a financing that incorporated innovative
structuring to provide collateral security in a $3 billion Federal
Railroad Administration grant. Subsequently in fourth quarter of
2025, we advised on the restructuring of outstanding private
activity bonds through a series of tender and exchange offers. The
Mayer Brown team was led by Banking & Finance partners David
Narefsky and George Miller. (Brightline West, and its sister
company Brightline Florida, are the first privately developed and
operated passenger rail in the US in over a century, and the only
privately developed and operated high speed passenger rail in the
US, connecting among the most heavily travelled East and West Coast
transportation corridors. Both projects are owned, developed, and
operated by affiliates of Fortress Investment Group.)
Proximo North America LNG Deal of the Year 2025 -
Port Arthur LNG 2
Led by Banking & Finance partners Paul Jorissen and George
Miller, the Mayer Brown team represented Goldman Sachs & Co.
LLC in relation to an equity investment in Port Arthur LNG Phase 2,
a liquefied natural gas infrastructure development led by Sempra
Infrastructure Partners. A consortium of investors spearheaded by
Blackstone Credit & Insurance, which also comprised Goldman
Sachs, KKR, and funds managed by Apollo, purchased a 49.9% minority
equity stake in the project for approximately $7 billion.