020 7405 4600

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Victoria Heald-Barraclough

Victoria Heald-Barraclough

Partner

020 7405 4600

Contact by email

Legal expertise and professional experience

Victoria Heald-Barraclough is an infrastructure finance specialist who advises sponsors, borrowers, lenders and investors on the development, acquisition, financing and refinancing of energy and infrastructure assets across core and core-plus sectors. She has experience across the full lifecycle of major PPP, PFI and regulated infrastructure projects, from procurement, structuring and financing through to construction, operations, expansion and complex refinancing.

Her experience spans private practice at Allen & Overy and in-house roles at Balfour Beatty Investments and Aberdeen plc, giving her a valuable perspective across both equity and debt and a strong commercial understanding of asset delivery and performance. She advises on complex, capital-intensive projects where financing structures, stakeholder interfaces and delivery risk are central to successful investment and long-term asset performance.

Victoria’s role

Victoria advises on large-scale infrastructure and energy projects, with particular expertise in complex, multi-source financing structures and stakeholder-intensive delivery environments. Her work spans transport, ports, social infrastructure, regulated assets and energy projects, covering both greenfield developments and operational portfolios.

She has a particular focus on highly structured projects involving multiple funding sources and stakeholders, and is experienced in navigating the legal, commercial and financing challenges that arise across the full project lifecycle. Her experience includes advising on concession structures, multi-lender financings, institutional debt, concession amendments, refinancings, restructurings and long-term lifecycle risk, particularly where projects must align public-sector requirements, investor expectations and construction delivery realities.

Skills and behaviours

Victoria is known for combining technical infrastructure finance expertise with strong commercial judgement and a practical understanding of how major projects are delivered. Her experience across private practice and in-house investment roles enables her to advise with a clear appreciation of the priorities of lenders, sponsors, investors and public-sector stakeholders. She brings a collaborative and solutions-focused approach to complex transactions, particularly where projects involve multiple interfaces, long-term delivery considerations and sophisticated risk allocation.

Case highlights
  • Advising on Rock Rail train financings.
  • Advising on the BAKAD PPP road financing in Kazakhstan.
  • Advising on the Bina Istra PPP expansion financing.
  • Advising in relation to the Silvertown Tunnel project.
  • Advising on the M6 Toll Road restructuring.
  • Advising on the M8 Road and AWPR NPD projects.
  • Advising on Aggregator Schools PF2 financings.
  • Advising on the Gdansk Port PPP expansion financing.
  • Advising the Riverside Waste expansion financing.
  • Central Government
  • Corporate Clients
  • Energy Sector
  • Local Government
  • Transport Sector
  • Acquisitions and disposals
  • Commercial
  • Infrastructure