Marcus Davenport's focus on major projects and debt finance has seen him take lead roles on a variety of projects for both government and private sector, and acting for major financial institutions and large corporate borrowers, including many PPP projects. 

Marcus' skills in debt finance extend to project, property and acquisition finance as well as general corporate commercial financing, unsecured and secured lending arrangements.

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Expertise

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Banking and Finance

Financial institutions: Marcus has acted for all four of Australia's major financial institutions. In addition he has advised many overseas financial institutions with dealings in Australia.


Australian corporate entities:
 Marcus has also advised many significant Australian corporate entities with respect to their debt funding requirements including the Tatts Group, Transpacific Industries, Macquarie, HFA Holdings and McConnell Dowell.

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Construction and Major Projects

WA Schools: Marcus was the lead partner advising a short-listed bidder in its bid to build a series of primary and secondary schools under a PPP model. He was responsible for the overall development of the legal documents required for the bid, including the project documents with the WA State as well as design and construct, facilities maintenance and debt documents.


Cranbourne Pakenham Rail Corridor:
 Marcus assisted on advising the Victorian Government on aspects of this market led proposal including evaluating aspects of the private bidder's proposal (its structure and finance aspects) as well as advising Government on various of the project documents, especially as related to the equity and debt arrangements.


New Perth Stadium:
 As lead partner advising the Westadium consortium that recently reached financial close with the Western Australian Government on this $1 billion PPP to build a new Stadium in Perth, Marcus was responsible for the overall delivery of Westadium's successful bid to develop, finance and maintain this $1 billion stadium. His work included negotiating with the State in relation to, as well as overseeing, the delivery of the equity, debt finance, construction and maintenance contracts within the consortium.


Eastern Goldfields Prison Redevelopment PPP Project: 
Marcus advised the Western Australian Government on the procurement of this prison PPP project. His role included evaluating the financial aspects of the shortlisted bidders' response to tender as well as advising on the ultimate State Project documents and downstream arrangements, including the debt, equity and securitised structure arrangements. Marcus also led the team in bringing the project to contractual and financial close.


Victorian Comprehensive Cancer Centre:
 Marcus was the lead adviser to the Plenary Health consortium appointed to design, build, operate, finance and maintain this $1 billion plus integrated cancer treatment and research facility. Marcus was involved in all aspects of the transaction, including negotiation with government, equity, debt, D&C and FM counterparties. He continues to advise Plenary Health during the construction phase of this project.


Victorian Desalination Plant:
 As lead adviser to the successful AquaSure consortium, Marcus advised the consortium on legal aspects of its bid including negotiating project and downstream documentation (such as, power supply, transmission connection and renewable energy offset purchase requirements) to financial close. He continues to advise AquaSure on many aspects of the project.


Barwon Water Biosolids Treatment Facility: 
Marcus took the lead legal role acting for Plenary Environment as sponsor/developer of this PPP project for the financing, design, construction, commissioning, completion and operation of a facility for the treatment of organic and inorganic solids derived from a sewerage treatment process. Marcus' role included lead negotiation with counterparties both "upstream" and "downstream" and responsibility for oversight and delivery of all legal aspects of the project. He oversaw (and to a large degree negotiated) the 35 plus documents that made up the suite required for delivery of this project. This role required co-ordination of all legal matters associated with the documentation required to be entered into with Barwon Water as well as all consortium level documents, including debt finance arrangements, contractor and sub-contractor arrangements and offtake arrangements.


Bluff Point, Studland Bay, and Waterloo Wind Farms: 
Marcus was lead legal adviser to Roaring 40s Renewable Energy as developer and sponsor of these wind farms located in Tasmania and South Australia. Marcus' role included preparing, advising on and negotiating various non-construction related project documents advising on key structuring and transmission issues and negotiating required debt financing and security arrangements for the projects, including with bank clubs at both term sheet and full documentation stages through to financial close and overseeing the project as a whole from a legal perspective.

See Construction and Major Projects

Project Finance

WA Schools: Marcus was the lead partner advising a short-listed bidder in its bid to build a series of primary and secondary schools under a PPP model. He was responsible for the overall development of the legal documents required for the bid, including the project documents with the WA State as well as design and construct, facilities maintenance and debt documents.


Cranbourne Pakenham Rail Corridor:
 Marcus assisted on advising the Victorian Government on aspects of this market led proposal including evaluating aspects of the private bidder's proposal (its structure and finance aspects) as well as advising Government on various of the project documents, especially as related to the equity and debt arrangements.


New Perth Stadium:
 As lead partner advising the Westadium consortium that recently reached financial close with the Western Australian Government on this $1 billion PPP to build a new Stadium in Perth, Marcus was responsible for the overall delivery of Westadium's successful bid to develop, finance and maintain this $1 billion stadium. His work included negotiating with the State in relation to, as well as overseeing, the delivery of the equity, debt finance, construction and maintenance contracts within the consortium.


Eastern Goldfields Prison Redevelopment PPP Project: 
Marcus advised the Western Australian Government on the procurement of this prison PPP project. His role included evaluating the financial aspects of the shortlisted bidders' response to tender as well as advising on the ultimate State Project documents and downstream arrangements, including the debt, equity and securitised structure arrangements. Marcus also led the team in bringing the project to contractual and financial close.


Victorian Comprehensive Cancer Centre:
 Marcus was the lead adviser to the Plenary Health consortium appointed to design, build, operate, finance and maintain this $1 billion plus integrated cancer treatment and research facility. Marcus was involved in all aspects of the transaction, including negotiation with government, equity, debt, D&C and FM counterparties. He continues to advise Plenary Health during the construction phase of this project.

 

Barwon Water Biosolids Treatment Facility: Marcus took the lead legal role acting for Plenary Environment as sponsor/developer of this PPP project for the financing, design, construction, commissioning, completion and operation of a facility for the treatment of organic and inorganic solids derived from a sewerage treatment process. Marcus' role included lead negotiation with counterparties both "upstream" and "downstream" and responsibility for oversight and delivery of all legal aspects of the project. He oversaw (and to a large degree negotiated) the 35 plus documents that made up the suite required for delivery of this project. This role required co-ordination of all legal matters associated with the documentation required to be entered into with Barwon Water as well as all consortium level documents, including debt finance arrangements, contractor and sub-contractor arrangements and offtake arrangements.


Bluff Point, Studland Bay, and Waterloo Wind Farms: 
Marcus was lead legal adviser to Roaring 40s Renewable Energy as developer and sponsor of these wind farms located in Tasmania and South Australia. Marcus' role included preparing, advising on and negotiating various non-construction related project documents advising on key structuring and transmission issues and negotiating required debt financing and security arrangements for the projects, including with bank clubs at both term sheet and full documentation stages through to financial close and overseeing the project as a whole from a legal perspective.

See Project Finance

Property Finance

Property Development Finance Roles: Marcus has acted for various parties, including Wingate Property Group, FarEast Consortium, ANZ Bank, National Australia Bank and Places Victoria in relation to various land acquisition and construction development projects and refinancing of existing property, including inner city residential and commercial property developments. These projects include the financing for the acquisition of the Myer Bourke Street building, developments in Docklands, residential apartments and student accommodation projects.

See Property Finance

Government Services

Cranbourne Pakenham Rail Corridor: Marcus assisted on advising the Victorian Government on aspects of this market led proposal including evaluating aspects of the private bidder's proposal (its structure and finance aspects) as well as advising Government on various of the project documents, especially as related to the equity and debt arrangements.


Eastern Goldfields Prison Redevelopment PPP Project: 
Marcus advised the Western Australian Government on the procurement of this prison PPP project. His role included evaluating the financial aspects of the shortlisted bidders' response to tender as well as advising on the ultimate State Project documents and downstream arrangements, including the debt, equity and securitised structure arrangements. Marcus also led the team in bringing the project to contractual and financial close.

See Government Services

Knowledge

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