The Carillion Equitix consortium today reached financial close on the £138 million Midlands Priority Schools PF2 project.

This is the fourth of five private finance batches to reach financial close. Under the scheme, Carillion will rebuild 8 secondary schools in the Midlands and will also provide Hard FM services to the schools for a 25 year period. Construction should be complete with all schools fully operational by the end of 2017. Senior debt for the project was provided by the Priority Schools Aggregator Vehicle whilst equity and shareholder loans were provided by Carillion Private Finance, Equitix and IUK Investments.

Operis acted as financial advisor to the consortium and assisted them in obtaining an investment grade credit rating for the project and raising senior debt. An independent team from Operis also provided model audit services to the Consortium and the Aggregator Vehicle.

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Erwan Fournis
Global Head of Financial Advisory

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Carmen Wade
Financial Advisory, Head of North America

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Jun Tao
Global Head of Model Audit & Financial Modelling

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Mark Southall
Associate Director - Model Audit & Financial Modelling

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Operis North America

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Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

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Chris Aldred
Director

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