Jessamy Gallagher

Corporate Partner, London

“I am an M&A lawyer and, as Global Co-Head of the Infrastructure Sector, an expert in the infrastructure, energy and real assets markets. I’m committed to delivering highly-focused, commercial and pragmatic advice for the benefit of my clients.”

Overview

Professional experience

Education and qualifications

Published works

Overview

Jessamy is a senior corporate partner with a leading reputation for her expertise in international public and private M&A and joint ventures as well as corporate governance. She is Global Co-Head of the firm’s Infrastructure Sector and has an outstanding market reputation for transactions in that market, where she advises a wide range of global pension, infrastructure and fund manager clients as well as a number of the firm’s FTSE listed clients.

Jessamy heads up a senior team of partners who are focused on ensuring that our global fund clients receive an integrated service across the firm’s network, with access to the very best technical and commercial advice and to our unparalleled breadth and depth of expertise across sectors, geographies and legal practice areas.

Jessamy is also the Firm's Head of Clients and Sectors and a member of our Global Executive Committee.

Work Highlights

Jessamy is recognised as a leading adviser on high-profile M&A transactions in the Infrastructure / Energy sector.  Her recent experience includes advising: 

  • Arqiva (owned by a consortium of investors, including Macquarie Infrastructure and Real Assets, CPPIB, IFM Investors and Whitehelm Capital) on the complex carve out sale of its telecoms division (towers business) to Cellnex Telecom S.A. for £2 billion
  • National Grid on its divestment of its £14 billion UK gas distribution business, Cadent, to a Macquarie-led consortium, the largest ever energy and infrastructure deal in the UK 
  • IFM Investors on the disposal of its 40% stake in 50 Hertz Transmission, the German electricity transmission business 
  • AIMCo on its acquisition of a majority stake in Eolia Renovables, a Spanish renewable energy company, from Oaktree Capital
  • QIC, ADIA, DIF, PGGM and CapMan on their bid for Elenia Networks, the Finnish electricity distribution business
  • IFM Investors on its acquisition of a strategic stake in Manchester Airport Group (MAG) and the subsequent successful bid by MAG for London Stansted Airport
  • Sunsuper and NSW Treasury Corporation on their joint acquisition of a strategic stake in both Bristol and Birmingham International Airports from OTPP and subsequently another pension fund investor on its acquisition of a further strategic stake in the same airports, also from OTPP
  • USS on its acquisition of an aggregate 10.9% interest in Thames Water (Kemble Water Holdings Limited)
  • Macquarie Infrastructure and Real Assets, IFM Investors, CPPIB and AMP Capital on the disposal of Wales & West Gas Networks to CKI 
  • Allianz, AIMCo, Hastings Funds Management and EdF Invest on their successful consortium bid for Porterbrook Trains, a UK rolling stock leasing company 
  • AustralianSuper on two separate transactions to acquire a combined 67% interest in the Kings Cross Central development project, alongside developer Argent 
     

Professional experience

Jessamy’s further experience of M&A transactions in the Infrastructure / Energy sector includes advising:

  • PSP on the dissolution of its infrastructure joint venture with GIC, Isolux, involving the disposal of toll road and energy assets in North America, Brazil, India, Mexico and Spain 
  • NSW Treasury Corporation and Sunsuper on their US$310mn disposal of an aggregate 35% interest in LBC Tank Terminals
  • a bidder for the Scotia Gas Networks auction in 2016 
  • a consortium bid for two gas pipelines and a terminal in the North Sea owned by Total  and subsequently North Sea Midstream Partners
  • SAS Trustee Corporation on its disposal of its stake in Thames Water to Fiera Infrastructure Inc. through its wholly owned subsidiary, Aquila GP Inc 
  • a bidder for certain stakes in Kelda Holdings Limited, the holding vehicle for Yorkshire Water 
  • a leading investment bank and Deutsche bank on the dual track process for the disposal of Thames Water by RWE (as part of which Thames Water was ultimately acquired by the Macquarie-led consortium)

Jessamy has also advised a number of the firms FTSE 100 clients on some of their most challenging public M&A transactions, including advising: 

  • Rio Tinto on its defence of the hostile takeover made by BHP Billiton and its US$15bn rights issue, the first rights issues by a dual listed company 
  • Sainsbury’s on its defence of an unsolicited takeover proposal by the Qatar Investment Authority 
  • Anglian Water on a recommended cash offer by Osprey Acquisitions (IFM Investors, CPPIB, Colonial First State and AMP Capital) 
     

 Jessamy is also member of the Australian-United Kingdom Chamber of Commerce.

Education and qualifications

Jessamy graduated with a University Medal and double First Class honours degrees following completing a Bachelor of Arts and a Bachelor of Law at the University of Sydney.

Published works

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