Infrastructure

Core expertise across infrastructure sectors.

600+

client engagements since inception

£20 billion

of infrastructure financings

£4 billion

of renewable energy financings

client engagements since inception

of infrastructure financings

of renewable energy financings

Our Infrastructure practice has grown to become one of the leading corporate finance advisory teams.  We provide a broad range of corporate finance, risk management & hedging advice to clients across the utilities, port and airport sectors.

Centrus is retained advisor to over 50% of the regulated utilities in the UK. We work for corporate, investor and public sector clients, as well as collaborating closely with our Real Estate and Transport teams on crossover opportunities.

Talk to an expert

Regulated Utilities

We’ve worked with the UK’s biggest water, gas and electricity networks on strategic acquisitions, restructuring, divestments and refinancings.

Renewables

We specialise in strategic corporate finance advisory services on renewable energy projects.

Energy Transition:

Centrus is passionate about securing energy resilience and funding the energy transition to net zero. Covering areas that include hydrogen & green gas, battery storage and electrification.

Other Essential Real Assets

Stable Infrastructure real assets, such as airports, ports and operational real estate.

our people

Meet the Infrastructure team

Geoff Knight

Managing Director
Geoff has over 20 years of investment banking experience gained at RBC Capital Markets and Lloyds...

Adam MacDonald

Managing Director
Adam has over 20 years of corporate finance and investment banking experience gained at various...

Mark Taheny

Managing Director
As Managing Director, Mark has lead the debt financing and hedging of a number of significant...

Adrian Li

Managing Director
Adrian has over 16 years of investment banking and financial advisory experience focused on...

Athina Panayiotou

Assistant Director
Athina has extensive experience in corporate finance in the infrastructure sector focusing on...

David Craig

Director
David has over 20 years of energy, utilities and infrastructure experience sitting across all sides...

Jason Murphy

Managing Director and Centrus Advisors Limited CEO
Jason is co-founder and CEO of Centrus in Ireland and also sits on the group’s board of directors...

Gavin Friel

Chief Financial Officer
Gavin works on a diverse range of mandates for Infrastructure, Utilities, Social Housing and...

Ivan McKinlay

Assistant Director
Ivan joined Centrus in the Autumn of 2016 soon after graduating from the University of Warwick...

Scott Wilsher

Assistant Director
Scott joined the Infrastructure, Energy and Utilities advisory business at Centrus in 2021 from...

Shruti Uppala

Senior Associate
Shruti has over 8 years’ experience within the infrastructure industry, working across renewable...

Barney Harris

Assistant Director
Experienced in business planning and treasury management as well as managing and advising on...

Ewen Alexander

Associate
Ewen is an Associate covering the infrastructure and transportation sectors.

Jack Joel

Analyst
Jack is an Analyst at Centrus, working within the Infrastructure Team. Prior to joining Centrus,...
Latest Updates

Our credentials

Centrus advises firmus energy in securing £285m financing package

15.01.2024 “Centrus advised us through each stage of the refinancing. They became a seamless and valuable extension of our team through this process. Their analysis, and in depth understanding of the lenders in the market allowed us to achieve the optimal financing solution for our business…”

Denise Curran FD - firmus Energy 

Consortium acts as financial adviser to Ofgem on transfer of offshore wind farm transmission link

19.12.2023 “Offshore windfarms are critical to the UK’s energy transition targets with a fivefold increase to 50GW target by 2030 with OFTO transactions playing a key part in the process. We are pleased to close this transaction with our consortium colleagues and player our part in contributing to the UK’s renewable energy and Net Zero targets.”

Adam MacDonald Managing Director - Centrus

Centrus advises Finerge on c.€1.6bn Hedge Restructure

01.09.2023 “Centrus supported us through every step of the process, implementing effective hedging strategies to support our restructure. Their advice was always transparent and they helped us understand the crucial effects of each step. Our experience with Centrus was commendable and we wouldn’t hesitate to work with them again.”

Eduardo Camino CGO - Finerge

Centrus arranges a €60m Private Placement for Impax Environmental Markets plc

27.07.2023 “Using structural debt with the aim of enhancing returns for shareholders is a key advantage of the investment trust structure. This financing provides attractive long-term debt capital to be deployed for the benefit of shareholders for many years to come and comes at a time when the Board and the Manager believe that portfolio valuation makes gearing desirable”.

Glen Suarez Chair of IEM

Consortium acts as financial adviser to Ofgem on the £1.14bn transfer of offshore wind farm transmission assets

20.07.2023 “Offshore Windfarms are playing a critical role in the UK’s transition to renewable energy and Net Zero targets. It is a fantastic for Centrus and our consortium colleagues to play their part in closing out this important deal and its contribution to energy transition”.

Adam MacDonald Managing Director - Centrus

Centrus advises Pennon on acquisition of four solar PV projects and co-located battery storage

11.07.2023 “Centrus has been an integral and highly valued part of our project evaluation and acquisition team. Their technical and commercial skills have been central in ensuring that we have identified the right assets and have had a plan to build out and commercialise those assets on the right terms.”

Peter Rayner, CDO - Pennon Group Plc

Centrus arranges £150m 10-12-year Private Placement for HICL Infrastructure PLC

22.05.23 “We are pleased to have worked with Centrus to diversify our capital sources and access long-term funding. Their market knowledge and experience was key in assisting us navigate the challenging financial environment and  helping us achieve our funding objectives”

Helen Price Chief Financial Officer - HICL

Centrus advises on a £650m Sustainability Linked RCF for HICL Infrastructure PLC

28.03.23 “We are very pleased to have worked with Centrus to renegotiate our sustainability linked RCF. Their expert market knowledge and collaborative approach really helped us to achieve our funding objectives in what has been a very volatile economic environment ”

Helen Price Chief Financial Officer - HICL PLC

Centrus advises Portsmouth Water on £325m investment for first UK reservoir in 30 years

14.03.23 “We are delighted to have secured the £325 million investment required to construct Havant Thicket Reservoir. This will be the first large scale water storage reservoir to be built in the UK since the 1980s. It will play a key role in protecting internationally important chalk rivers – the River Test and the River Itchen, by securing a new, sustainable source of water for the region.”

Bob Taylor Chief Executive Officer - Portsmouth Water

Centrus arranges funding for DBE Energy anaerobic digestion plant 

04.01.23 “Centrus supported throughout, actively managing the process from start to finish. The team used their specific sector knowledge and expertise in structuring complex financings to run a sale process. We are delighted with the outcome and look forward to the future in partnership with Lazard Investment Management.”

Steve Sharratt CEO of DBE Energy Ltd

Centrus advises Yorkshire Water on £170m new Debt Service Reserve Guarantee

26.04.22 “Centrus has been a long-term financial advisor to Yorkshire Water and identified this innovative facility to us. The successful outcome reflects a collaborative approach, providing a long-term, cost-effective solution to our requirements. We thank all our advisors, including Centrus, for their support and expert advice through a complex process.”

David Gregg Head of Corporate Finance – Yorkshire Water

Centrus advises Yorkshire Water on the refinancing of £95m HoldCo facilities

25.04.22 “I am delighted that we achieved this positive outcome, with efficient pricing and the introduction of a common terms platform. We would like to thank Centrus and Linklaters for their expertise, advice and support on this transaction.”

David Gregg Head of Corporate Finance – Yorkshire Water

Centrus supports InfraRed with the implementation of CPI hedging

28.03.22 “Centrus supported us through this CPI hedging transaction, they actively managed the process from start to finish and their analysis helped us build robustness into the cashflows and real equity returns under different inflation scenarios.”

Ben Smith Portfolio Management – InfraRed Capital Partners

Centrus supports Equitix transition from LIBOR to SONIA

16.02.22 “Centrus´ expertise and project management skills helped us transition from LIBOR to SONIA on over 100 different financing platforms. This also involved managing a range of stakeholders, including 40+ existing lending relationships. We are delighted with their support, which resulted in significant efficiencies.”

Sophia Thorpe-Costa Director – Equitix

Centrus consortium appointed to advise Ofgem under new four-year contract for offshore electricity transmission assets

02.01.22 “Centrus is delighted that Ofgem has chosen its consortium to continue to act as financial adviser on the sales processes to select the offshore transmission owners (“OFTOs”) for the transmission assets related to offshore wind farms.”

Adam MacDonald Managing Director - Centrus

Centrus arranges £100m funding for a student accommodation PPP project for LSE

23.12.21 “DIF is excited to be growing its portfolio in the student accommodation sector. We look forward to partnering with a world-class university and to support it with its student accommodation delivery.”

Gijs Voskuyl Partner and Head of Investments for the DIF V and VI strategy, says:

Centrus advises ESB on £550m multi-tranche derivative portfolio

“ESB engaged Centrus to support in formulating its strategy to manage inflation risk on certain UK assets, particularly its existing UK RPI derivative portfolio.”

Mark Taheny Director - Centrus

Centrus arranges £145m funding for South Staffordshire Plc

“Centrus’ support throughout this process enabled the group to reinforce its capital structure via a dual-track liability management and fundraise process, delivered in a tight timetable and on competitive terms.”

Rob O’Malley Group CFO – South Staffordshire Plc

Centrus advises TRIG on its first ESG-linked inflation hedging transaction

“TRIG is delighted to have worked with Centrus and its hedging banks to implement a ground-breaking sustainability-linked inflation hedging agreement. We are committed to embedding sustainability into all our activities across the full investment cycle to help ensure sustainable returns for our investors.”

Phil George Head of Portfolio Management - TRIG

Centrus and fellow Smith Square Partners’ consortium members advise Ofgem on preferred bidder for £600m offshore wind transmission asset

“Ofgem has announced that ETEPCO, the Equitix and Japanese utility TEPCO Power Grid consortium, has been selected as preferred bidder for the offshore wind transmission asset connecting the 850MW Triton Knoll wind farm to the Lincolnshire coast. The asset is valued at over £600 million.”

Adam MacDonald Managing Director - Centrus

Centrus advises Yorkshire Water on restructuring index linked derivatives with mandatory breaks in 2023

“We are really pleased to have delivered on our commitment to manage mandatory breaks on our derivatives portfolio in a timely and efficient manner and I would like to thank our counterparties and our advisors, Centrus, for delivering a great result for the Yorkshire Water business.”

David Gregg Head of Corporate Finance - Yorkshire Water

Northern Gas Networks implements titanTreasury

“We originally selected titanTreasury to meet our system needs for derivatives valuations and IFRS9 hedge accounting but already it is giving us so much more, including the automation of interest payments and monthly finance charges accruals and streamlining our reporting and forecasting processes.”

Ian Clark Head of Treasury - NGN

Centrus advises Affinity Water on CPI hedging programme

Through volatile markets, Centrus advised Affinity Water (“AW”) on the successful completion of a large CPI hedging programme across multiple tranches and a wide range of counterparties.

Centrus advises Ventient Energy on €1bn of interest rate swaps

“This landmark transaction for Ventient successfully allows it to establish a renewable platform outside of the UK. Centrus was able to assist in the evaluation of the associated pre-hedging and long-term hedging strategy to manage risk in the current negative interest rate environment. This ultimately led to an effective and value accretive solution for our clients at relatively low cost.”

Geoff Knight Managing Director - Centrus
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