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Clifford Chance advises on Contact Energy’s €500 million Green Notes issuance under its Euro Medium Term Note Programme

Mon, 17 Nov 2025 06:41:00 GMT

The Green Notes are listed on the Australian Stock Exchange (ASX). The net proceeds will be used to finance or refinance eligible green projects and assets in line with the company's Sustainable Finance Framework.

Lead partner Mark Chan said, "We have recently advised a number of Australian and New Zealand issuers in accessing the Eurobond and Euro-currency markets. The successful completion of this offering highlights both the attractiveness of these markets for regional issuers and the strong investor demand for high-quality assets from Australia and New Zealand. This transaction also demonstrates the increasing integration of sustainability objectives within debt capital markets and the robust investor appetite for high-quality green bonds."

Mark was supported by senior associate George Mok and associates Louis Yee and Christine Chan.

NZX and ASX-listed Contact Energy is a leading New Zealand electricity generator and retailer, serving over 650,000 customer connections with electricity, gas, broadband and mobile plans. The company operates 26 hydro schemes, seven geothermal power stations and three thermal peaking stations, generating electricity across New Zealand.

Clifford Chance has a proven track record of advising Australian and New Zealand issuers on their debt capital markets transactions, including those by Telstra, Woolworths Group and Wesfarmers in 2025.

Clifford Chance advises LatAm regional real estate platform Mobiliare on debut notes issuance in the international capital markets

Fri, 14 Nov 2025 14:58:00 GMT

Mobiliare is a Latin American real estate company with active operations in Guatemala, Peru, Mexico, Costa Rica, El Salvador, Colombia, Ecuador, Honduras and Nicaragua. The issuance, the largest by a Latin American real estate C-Corp in more than 10 years, makes Mobiliare the first multi-country Latin American real estate platform to access the international debt capital markets.

The team advising on the transaction was led by partner Hugo Triaca with support from associates Joyce Moore and Agata Radajczyk and foreign law clerks Casilda Caso and Camila Munive. Additional support was provided by:

'40 Act: partner Jefferey LeMaster and associates Emily Picard and Jillian Leavey
Tax: partner Avrohom Gelber and associate Wei Bin Tan
ERISA: associate Thomas Koh

Clifford Chance advises on many similar transactions in the region, including recently on the debut notes issuance by Threelands Energy and the debut international notes offering by Peruvian electricity company Luz del Sur.

Clifford Chance advises the consortium of investment banks in connection with the EUR 600 million bond issue launched by DIGI Romania

Fri, 14 Nov 2025 09:10:00 GMT

The multidisciplinary team in Bucharest advising on the deal included partners Radu Ropotă and Cosmin Anghel, counsel Gabriel Toma, senior associate Nicolae Grasu, and associate Cosmin Mitrică – from the Banking & Finance and Capital Markets practice, counsel Vicu Buzac from the Litigation and Dispute Resolution practice, and senior associate Maria Moga and associate Roxana Bărboi from the Corporate M&A practice. The London team including partner Jill Concannon, senior associate Yash Ranade, associate Aritra Saha, and lawyer Sarah Wetzel provided English and American law advice.

Partner Radu Ropotă said: “We were delighted to once again work with global banks with whom we frequently engage on capital markets projects, as well as with the DIGI team, with whom we have a long-standing collaboration. We congratulate DIGI Romania on this significant milestone, which reflects its sustained growth and comes at a pivotal juncture in its European expansion.”

Clifford Chance advises TPG on its 70% equity investment into Kinetic

Thu, 13 Nov 2025 09:01:00 GMT

TPG is making the investment through its TPG Rise Climate platform.

Partners Andrew Crook and Bruce Embley led the deal team, supported by partners Michael Kremer, Saskia Myners, Tim Lees and Samantha Ward, director Reuben Van Werkum, counsel Rebeecca Elgar and John Karantonis, senior associates Isabelle Cameron, Rob Colemeadow, Lucy Conway, Eleanor Burkin and Josh Reynolds and associates Jacinta Wild, Kingsley Duru, Olga Filmanovic, Thomas Prestwidge and Augusta Thorneycroft.

Colleagues across our London, Sydney, Singapore and Luxembourg offices advised on private capital, securities and litigation aspects.

Clifford Chance advises on US$1.575 billion sovereign bond offering and related tender offer by the Republic of Suriname

Wed, 12 Nov 2025 17:04:00 GMT

Global law firm Clifford Chance has advised BofA Securities, as sole initial purchaser on the Republic of Suriname’s US$1.575 billion sovereign bond offering and as dealer manager in a related tender offer. The bonds were issued in two series consisting of (i) a US$525 million offering of 7.70% Notes due 2030 and (ii) a US$1.05 billion offering of 8.50% Notes due 2035, both listed on the Luxembourg Stock Exchange.

Suriname will use the net proceeds to (i) repurchase approximately US$420 million of its 7.95% Cash/PIK Notes due 2033 that were tendered and accepted in the tender offer and redeem the remaining 2033 Notes outstanding following the tender offer; (ii) pay debt service on the Notes issued pursuant to the offering, and (iii) retire a portion of Suriname’s Oil-Linked Securities via an optional payment. Suriname may also use a portion of the proceeds to prepay certain of its bilateral debt obligations.

The team on this transaction included partners Jonathan Zonis and Hugo Triaca, supported by associates Alexandra Machado and Joyce Moore and foreign law clerk Natalie Jana Deradi.

Clifford Chance advises on many sovereign and quasi-sovereign transactions in the region, including recently on the City of Bogotá's US$600 million green bond issuance.

Clifford Chance advises Blackstone on sale of NIBC Bank to ABN AMRO

Wed, 12 Nov 2025 16:57:00 GMT

Global law firm Clifford Chance has advised Blackstone on the sale of NIBC Bank to ABN AMRO Bank N.V.

Having advised Blackstone on its public takeover of NIBC in 2020, Clifford Chance is delighted to have supported Blackstone on the next stage of the NIBC journey. The transaction marks an important milestone in NIBC’s development and provides a strong platform for its next phase of growth.

Completion of the transaction is expected in the second half of 2026 and is subject to regulatory approvals. Read more about the transaction here and here.

The cross-border Clifford Chance team was led by Spencer Baylin and Jan-Hendrik Horsmeier, supported by Angharad Lewis, Tim Heerschop, Emma Matebalavu, Jurgen van der Meer and Michiel Sunderman, and with colleagues advising on Private Equity, Finance, Tax, Employment, Notarial matters and Antitrust.

The team was further supported by Nienke van Stekelenburgh, Kevin Ingram, Floris van de Bult, Mark-Jan Arends, Jennifer Storey, Heiko-Jan Lameijer, Astrid van Ommeren, Stern Flik, Jotte Mulder, Victoria Ho, Bart van Hattum, Angus Hancock, Nancy Stoke, James Watkins, Sanne Blankestijn, Najib Muslem, Sabrina Spoor, Laura Bredschneider, Dounia Endlich, Cile Arnoldy and Claire Blaisdell.

Clifford Chance advises FCDE on the structuring of its third local specialist strategy buyout fund, FCDE Fund III, which reached its €400 million hard cap

Wed, 12 Nov 2025 13:59:35 GMT

The fund was oversubscribed, increasing its size by c.45% compared to the FCDE Fund II (closed in 2023 at €277 million), and has attracted the support of blue-chip institutional investors in France and internationally.

This fundraising enables FCDE to pursue its proven strategy of supporting the development and transformation of SMEs and mid-cap companies with strong growth potential.

Clifford Chance advised FCDE on this transaction with a team comprising in Paris of Xavier Comaills, partner, Benjamin Massot, counsel, and Marc El Khoury, associate, on the fund aspects, as well as Pierre Goyat, partner, Elise Poiraud and Andréa Pilisi, associates, on the tax aspects.

Clifford Chance advises ADNOC Drilling on its partnership with MB Petroleum Services

Wed, 12 Nov 2025 13:12:00 GMT

The transaction, which is subject to regulatory approval, marks ADNOC Drilling’s second acquisition as it accelerates its regional expansion strategy. It is expected to add scale and capability to ADNOC Drilling’s operations and strengthen its presence in four key Gulf markets. The partnership includes 21 rigs and a portfolio of oilfield services contracts with national oil companies across the region.

The Clifford Chance team was led by Daud Khan (Partner, Abu Dhabi) with support from partners Milena Robotham (Brussels), Katrin Schallenberg (Paris) and Edward Page (London), with a core team including senior associates Mhairi Cruickshank (Dubai) and Callum Gribbin (Dubai) as well as associates Sami Rahim (Dubai), Tess Forge (Counsel, Singapore), Francesco Pasquarelli (Brussels), Valia Aravantinou Zafeiri (Brussels) and Archie Zverev (London).

Clifford Chance advises Corporación Financiera Alba on the initial public offering and listing of shares of Verisure

Wed, 12 Nov 2025 09:51:00 GMT

The IPO marks the largest-ever European private equity-backed IPO and the pricing for the IPO has been set at €13.25 per share, corresponding to a total market capitalization of the company of €13.7 billion. Verisure develops monitored security systems for homes and small businesses in Europe and Latin America. Securitas Direct is part of the Verisure group, and one of the leading security providers in Spain.

The Clifford Chance team that is advising Corporación Financiera Alba is led by Private Capital/M&A partner Samir Azzouzi and senior associate Pablo Hernández, with the support of senior associate Francisco Pizarro, senior counsel Roberto Grau and associate Nagore Ayerza. Advice is also being provided by Luxembourg counsel Lauren Harris, and associates Cristina Mudure, Ramona Willems and Marie Georg.

Clifford Chance advises lenders on €1.4 billion sustainability-linked facility for Gasunie

Fri, 07 Nov 2025 11:14:00 GMT

The transaction was coordinated by ING and Crédit Agricole was the sustainability coordinator. The group of lenders consists of ABN AMRO, BNP PARIBAS, Crédit Agricole, ING, NatWest, Rabobank, BBVA and Deutsche Bank.

Gasunie is a European energy infrastructure company, wholly owned by the Dutch state. It manages and maintains infrastructure for large-scale gas transport and storage.

The Clifford Chance team was led by Titus de Vries and further comprised of Amin Tamaddoni, Jorrit de Pree and Robin Houtveen.

Clifford Chance appoints Robert Houck as Global Head of Litigation and Dispute Resolution

Fri, 07 Nov 2025 09:41:43 GMT

Charles Adams, Global Managing Partner, said: "I am delighted to appoint Rob as Global Head of Litigation and Dispute Resolution and thank Matthew for his successful tenure in the role. Rob combines deep litigation experience with clear judgement and a strong client-first mindset. The US market is critical to our clients and our growth ambitions. Rob’s leadership will help the practice deliver strong results for our clients worldwide."

Robert Houck said: "I am honoured to lead our global Litigation and Dispute Resolution practice. I look forward to partnering with clients and colleagues around the world to deliver outstanding outcomes and to seize the opportunities ahead. I would like to thank Matthew for his exceptional leadership over the past eight years and will work closely with him to ensure a seamless transition."

The global Litigation & Dispute Resolution team comprises over 500 colleagues globally.

Clifford Chance Advises Joint Bookrunners on Türk Telekom’s US$600 Million Green Notes Issuance and US$600 Million Sukuk Issuance, Marking the First Corporate Sukuk out of Türkiye

Fri, 07 Nov 2025 08:36:40 GMT

The firm advised J.P. Morgan, MUFG and ING Bank as joint bookrunners on Türk Telekom’s issuance of US$600 million Rule 144A/Reg S 6.950% Green Notes due October 2032. The proceeds from the Green Notes will be allocated to finance and/or refinance eligible green projects in line with Türk Telekom’s sustainable finance framework, supporting Türkiye’s transition towards a more sustainable future.

Clifford Chance also advised Dubai Islamic Bank, Emirates NBD Capital, HSBC and KFH Capital as joint bookrunners on Türk Telekom’s issuance of US$600 million lease certificates (sukuk) due 2030 through its wholly owned subsidiary TT Varlık Kiralama A.Ş. This transaction represented a first of its kind in two respects, adopting a novel Islamic structure never before used in Türkiye that utilises available capacity in Türk Telekom’s broadband network as assets, and marking the first cross-border sukuk issued by a Turkish corporate—a significant milestone for the Turkish capital markets.

Both transactions were led by Clifford Chance’s cross-border teams based in London, Istanbul, and Dubai. The Eurobond transaction team was led by partners Matt Fairclough, Johannes Juette, and Sait Eryılmaz, supported by legal consultant Brian O’Leary, senior associates Jeffery Hung and Ali Can Altıparmak, as well as Büşra Altuntaş, Natasha Sarna, and Tara Kade, and trainees Alper Eski and Işıl Acar.

The Sukuk transaction team was led by partners Qudeer Latif, Matt Fairclough, Johannes Juette, and Sait Eryılmaz, supported by legal consultants Brian O’Leary and Shauaib Mirza, senior associates Jeffery Hung and Ali Can Altıparmak, as well as Büşra Altuntaş, Natasha Sarna, and Tara Kade, and trainees Alper Eski, Işıl Acar and Daniel McCurley. Partner Bruce Kahl, associate Robert Hartman and trainee Callum Florance in London acted as representative counsel, advising Bank of New York Mellon.

These transactions underscore Clifford Chance’s market-leading expertise in advising on complex, cross-border capital markets transactions in Türkiye and the wider region, as well as in telecommunications more broadly.

Clifford Chance advises on US$600 million green bond issuance by the City of Bogotá

Thu, 06 Nov 2025 21:13:00 GMT

First COP-denominated green bond issuance by a Latin American city

Global law firm Clifford Chance has advised Goldman Sachs and BNP Paribas, as structuring banks and initial purchasers, on the City of Bogotá’s COP-denominated green bond issuance, the first by a Latin American city. The green bond transaction marked Bogotá's return to the international capital markets after 15 years, featuring CAF and IFC as anchor investors.

Proceeds will finance transformative sustainable urban development projects, including Bogotá Metro Line 2 and three new electric cable car lines, promoting fully electric transport and emissions reduction as part of Bogotá’s Green, Social and Sustainable Bond Framework.

The team was led by partner Hugo Triaca and included associates Joyce Moore (New York), Mariana Gutierrez Ruiz (Madrid) and Douglas Mulliken (Washington, DC).

Clifford Chance advises on many similar transactions in the region, most recently on CEL's inaugural notes issuance, guaranteed by the Republic of El Salvador.

Clifford Chance advises the underwriters on Princes Group’s IPO and London listing

Thu, 06 Nov 2025 14:19:38 GMT

The IPO raised gross proceeds of approximately £400 million (excluding any exercise of the over-allotment option), providing Princes Group with a market capitalisation of approximately £1,162 million when conditional dealings began on 31 October 2025. The ordinary shares of Princes Group were admitted to listing on the equity shares (commercial companies) category of the Official List of the FCA and to trading on the main market for listed securities of the London Stock Exchange plc earlier today.

Princes Group is a leading international platform in the UK and European food and beverage sector that generated £2.1 billion pro-forma revenue in 2024. Princes Group has leading positions in both branded and customer own brand products across its business units including leading and recognised brands such as 'Princes', 'Napolina', 'Branston', 'Flora', 'Crisp 'N Dry' and 'Naked Noodle'.

Headquartered in Liverpool, UK, Princes Group operates 23 production facilities across the United Kingdom, continental Europe and Mauritius. The group exports its products to more than 60 countries and has more than 8,000 customers globally across large food retailers, B2B partners and the foodservice industry.

The team was led by London Equity Capital Markets partner, Christopher Roe, and US Securities partner, Johannes Juette, with support from senior associates Anjaneya Das and Sannu Shreshtha, associates Radhika Sharma and Trey Oxendine and trainee solicitor Daniel McCurley.

Clifford Chance advises Cesce on a landmark guarantee to the European Investment Bank

Thu, 06 Nov 2025 14:11:34 GMT

Clifford Chance’s export finance team is recognized for its expertise in managing complex export finance transactions across its global network.

The Clifford Chance team was led by partner José Guardo, with support from Global Financial Markets senior associate Juan Puras.

Clifford Chance advises Bending Spoons in the latest investment round

Mon, 17 Nov 2025 10:17:11 GMT

The round was led by accounts advised by T. Rowe Price Investment Management, Inc., with participation from Baillie Gifford, Cox Enterprises, Durable Capital Partners, Fidelity Management & Research Company, Foxhaven Asset Management, and Radcliff, among others.

Clifford Chance assisted Bending Spoons with a team led by Partner Filippo Isacco, with Counsel Elisa Ielpo, supported by Senior Associate Mariasole Rinciari and Associate Edoardo Coletti.

Clifford Chance a conseillé Pernod Ricard dans le cadre de ses émissions obligataires d’un montant total de 1,2 milliard d’euros, réalisées sous son programme EMTN et admises à la cotation sur Euronext Paris

Thu, 06 Nov 2025 09:49:00 GMT

L’opération comprenait l’émission de deux tranches présentant les caractéristiques suivantes :

500 millions d’euros d’obligations, au taux de 3,25 %, arrivant à échéance en 2033, au prix d’émission de 99,571 % ;
500 millions d’euros d’obligations, au taux de 3,75 %, arrivant à échéance en 2037, au prix d’émission de 99,492 % ;

ainsi qu’un placement privé de 200 millions d’euros à taux variable, arrivant à échéance en 2027, au prix d’émission de 100 %.

L’annonce de ces émissions est intervenue dans un environnement de marché favorable et a suscité une réaction positive des investisseurs. Le produit net de ces émissions obligataires sera affecté aux besoins généraux de Pernod Ricard.

L’équipe Clifford Chance était composée de Cédric Burford (associé), Auriane Bijon (counsel), Jessica Hadid (collaboratrice senior) et Sabrine Kadi (juriste).

Clifford Chance advises Hillwood on the acquisition of two industrial and logistics parks

Thu, 06 Nov 2025 08:31:58 GMT

The Clifford Chance team advising Hillwood on this transaction was led by Bartosz Kaniasty (Counsel) and supported by Oliwia Hutnik (Senior Associate), Maria Janiak (Associate), Tomasz Walerowicz (Senior Associate) and Maciej Bocheński (Counsel).

Clifford Chance advises Joyson Electronics on its IPO and listing in Hong Kong

Thu, 06 Nov 2025 02:24:00 GMT

Chair of China Practice and partner Tim Wang said, “Joyson Electronics embodies China's ascent in automotive innovation and manufacturing, with its Hong Kong listing highlighting investor confidence in the sector's future and the country's advanced manufacturing capabilities.”

Tim co-led the deal with partners Jean Thio and Tianning Xiang, with support from counsel Haoze Zheng, senior associate Joy Chen, associates Sibin Hong, Rita Cao, Yvonne Zhu, Yijin Zhang and Yao Han*, trainee solicitors Jill Zhao, Qianqian Bai, paralegal Calvin Wong and legal analyst Jessie Ni.

Listed on the Shanghai Stock Exchange since 2011, Joyson Electronics is a major automotive technology company, supplying a range of automotive components, from safety systems to EV charging and power distribution systems. In 2025, the company launched robotic production and assembly lines. It is the second-largest supplier of passive automotive safety systems in China and globally, and the fourth largest provider of intelligent cockpit domain control systems provider globally, by revenue in 2024.

Clifford Chance has advised on the successful Hong Kong listings of several Mainland China-listed companies, such as SANY Heavy Industry, SICC, and Anjoy Foods Group.

* From Shanghai He Ping Law Firm. Clifford Chance LLP and Shanghai He Ping Law Firm have established a Joint Operation in the China (Shanghai) Pilot Free Trade Zone under the name Clifford Chance LLP and Shanghai He Ping Law Firm (FTZ) Joint Operation Office with the approval of the Shanghai Bureau of Justice.

Clifford Chance advising Hearst on strategic NFL–ESPN transaction

Tue, 04 Nov 2025 15:26:00 GMT

In the transaction, the NFL will exchange the NFL Network and certain rights to its popular RedZone and NFL Fantasy properties for a 10%-interest in ESPN.

The transaction has been approved by Disney, Hearst and the NFL's member clubs; it remains subject to regulatory clearances.

Capital Markets partner Kathleen Werner is leading the transaction with support from Antitrust partners Brian Concklin and Leigh Oliver and Tax partner Philip Wagman.