Stevens & Bolton LLP has advised CorLa Limited in connection with its merger with Mill Asset Management to form MAMG, an independent PPP project management company that currently has responsibility for 44 PFI projects in the UK. These projects include 69 schools, 24 health and social care facilities and 11 police and justice facilities, as well as libraries, offices, waste water facilities, street lighting and social housing projects.
MAMG's board comprises Paul Cartwright and Tom Symes, formerly of Mill Asset Management and Bob Horner, the founder of CorLa. David Toplas, Non-Executive Chairman of the new company, commented: "I am delighted that the merger enables us to build on the history, experience and reputation of the founding companies. MAMG will continue to deliver expert, cost effective and stable SPC management services to PFI investors".
The Stevens & Bolton LLP team was led by head of corporate Keith Syson, supported by Mark Smith (corporate), Kate Schmit (tax) and Paul Lambdin (employment).
Keith Syson