Infrastructure M&A experience (with Kapok Capital or previous firms):

• Disposal of Trans-Pennine Express Rail Franchise by Arriva Trains Northern

• Securitisation of HS1 Track Access Charges by London & Continental Railways

• Sale of CTRL Operations Business to Network Rail by London & Continental Railways

• London & Continental Railways Limited – Acquisition of Railtrack HS1 Interests

• Noble & Company Limited – Acquisition of Edison PFI Interests