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Francis E. Iyayi

Fax +44.(0)20.7648.9001
Francis Iyayi is an associate at the firm’s London office. He is a member of the energy, infrastructure and resources practice area. Mr. Iyayi’s practice is focused on projects and infrastructure, particularly in the power space with broad experience including in M&A. Mr. Iyayi’s practice covers the UK, Europe, Latin America and Africa where he advises developers, sponsors, funds, project companies and lenders (including debt funds) on acquisitions, financings and commercial agreements for international infrastructure projects with a primary focus on power (conventional and renewables).

Professional Background

Prior to joining the firm, Mr. Iyayi served as an associate at an international law firm where he advised developers, sponsors, funds, project companies, and lenders (including debt funds) on acquisitions, financings, and commercial agreements for international infrastructure projects with a primary focus on power (conventional and renewables).

  • Advised EDF Renewables in relation to the sale of 49% minority stake in 24 of its operating UK wind farms (c.550MW) including on the restructuring of its loan facility arrangements.
  • Advised the sponsors (a leading East Africa focused renewable energy fund) on the project financing of a c.40 MW solar plant in Kenya.
  • Advised a renewable energy developer and a leading South Korean conglomerate on the commercial and working capital arrangements in relation to the development of utility scale solar pv projects in Europe and Asia.
  • Advised the developers in relation to the development of a 100 MW hydro power plant in Guinea and the subsequent sale of the development rights to a leading Chinese SOE.
  • Advised a renewable energy fund on the sale of a majority interest in a portfolio of pre-developed solar projects in Latin America and North Africa.
Thermal Power
  • Advised Calon Energy Limited on the financing arrangements for the acquisition and further development of a greenfield c.1,600MW CCGT power project in the UK.
  • Advised Macquarie Infrastructure and Real Assets on certain equity, financing/refinancing and commercial aspects regarding its acquisition and on-going operation of the Baglan Bay (525 MW), Sutton Bridge (819 MW) and Severn (720 MW) gas-fired power stations in the UK.
  • Advised a leading infrastructure debt fund in relation to financing the day to day operations of an energy trading company.
  • Advised the sponsors on the conversion and project financing of a c.592MW coal-fired power plant to a biomass and natural gas-fired power plant in Belgium.
  • Advised Abraaj Group on the acquisition of an African-focused power finance advisory and development firm.
Other Infrastructure and Resources
  • Advised a consortium consisting of a leading Chinese SOE on the acquisition of an interest in and the early stage development of a water desalination plant in West Africa.
  • Advised a consortium on its bid to design, construct, finance, own and operate the deep-sea port to be located on the Black Sea at Anaklia, Georgia, including on key provisions relating to the Build-Operate-Transfer (BOT) concession agreement with the Government of Georgia.
  • Advised an African conglomerate on the acquisition of an alumina smelter plant and associated infrastructure (including an off-grid power plant) in West Africa.
  • Advised Royal Bank of Scotland Plc on a £150m senior credit facility relating to the upgrade and re-development of several UK care homes.