William Blair & Company has a dedicated team of investment banking professionals who advise public and private sector clients concerning all aspects of public-private partnerships (P3s). We are actively helping our clients to prudently facilitate the ground-breaking investment of private sector capital in public sector infrastructure in the United States. William Blair and its P3 advisory team members have been the catalysts and financial advisors for some of the most innovative and noteworthy public infrastructure long-term concessions in the United States. Because we are an independent, employee-owned firm, we are able to offer our clients objective advice.

Our P3 advisory services include:

• Financial feasibility and valuation analysis


• Due diligence


• Transaction structuring


• Management of the request for proposal and bidding process


• Negotiation of long-term concession terms and transaction documents


• Strategic financial advice and proposal evaluation


• Arranging debt and equity financing


• Transition management


• Post-closing assistance

William Blair & Company recently acted as lead financial advisor to the City of Chicago in connection with the long-term concession for the Chicago Metered Parking System, consisting of approximately 36,000 on-street parking meters. The concessionaire paid $1.157 billion to the City for the right to operate the Metered Parking System for 75 years. The long-term concession of the Chicago Metered Parking System is the first of its kind in the United States. Read a more detailed description of this transaction (PDF).

Our P3 team originated the idea for the long-term concession and lease of the 9,178 space Chicago Downtown Public Parking System, which closed in 2006, when the concessionaire paid $563 million to the City of Chicago and the Chicago Park District for the right to operate the parking system for 99 years. We served as lead financial advisor to the City and the Park District for this innovative transaction. Read a more detailed description of this transaction (PDF).