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Clifford Chance advises on approximately US$1.08 billion notes issuance by DC 1 and PAR-DOM, subsidiaries of Casa dos Ventos S.A.

Tue, 16 Jun 2026 15:37:22 GMT

The transaction comprised (i) the issuance by DC 1 of senior guaranteed notes due 2050 for an aggregate principal amount of US$825 million, and (ii) the issuance by PAR-DOM of senior guaranteed notes 2042 for an aggregate principal amount of US$252 million (together the "Notes").

DC 1 and PAR-DOM are subsidiaries of Casa Dos Ventos S.A., a Brazilian renewable energy generation company.

The proceeds from the Notes will be used to partially fund the development and construction of renewable energy generation assets located in the Brazilian states of Piauí, Ceará and Mato Grosso do Sul that are intended to provide power for data center operations.

The Notes were sold to investors in reliance of the exemption from registration provided in Section 4(a)(2) of the Securities Act and, with respect to sales outside the United States, in reliance upon the exemption from registration provided in Regulation S under the Securities Act.

The cross-border team was led by partners Mariana Estévez (New York) and Anja Pfleger Andrade (Clifford Chance Sociedade, São Paulo), with support from associate Cristian Ragucci and trainee solicitor Martina Ghinetti (São Paulo). The wider team included:

Tax: Partner Avrohom Gelber (New York) and associate Kade Moural (Houston)
Finance and Capital Markets: Partners Cédric Burford and Auriane Bijon, counsel Olivier Plessis, and legal trainee Juliette Tyl (Paris)

Energy transition: Clifford Chance advises lenders on financing for landmark battery storage project in Germany with a capacity exceeding 700 MWh

Tue, 16 Jun 2026 20:36:33 GMT

The project is considered one of the most significant energy storage projects of Germany’s energy transition. Large-scale battery storage systems such as this are considered essential for balancing grid fluctuations and storing surplus renewable energy, thereby supporting the stability and sustainability of the energy supply.

The "Eco Power Three" project will deliver a battery storage facility with a planned output of 300 megawatts (MW) and a capacity exceeding 700 megawatt hours (MWh). Upon completion, the facility will be capable of supplying up to 500,000 households with electricity for approximately two hours. The project is structured into three independently operable blocks, allowing for a phased commissioning, with the first units expected to be connected to the grid in the second half of 2026.

“The financing of battery storage projects of this scale requires the close integration of project finance, energy and regulatory expertise. Our German and international team brings all of this together in a seamless offering, setting benchmarks in advising our clients on some of the most significant projects driving the energy transition,” says Florian Mahler, partner and Co-Head of Clifford Chance’s Worldwide Projects Group.

"Large-scale battery storage projects like 'Eco Power Three' are a key enabler of Europe’s energy transition. By advising on this project, we are once again emphasising our strategic focus on the energy transition sector and – at the same time – demonstrating our strong market position in this future-facing sector in Germany and globally", comments partner Bahar Rahimyar.

The Clifford Chance team comprised partners Florian Mahler and Bahar Rahimyar (both Project Development & Finance, Düsseldorf), with senior associate Brianna Harcus and senior transaction lawyer Rima Lenders, and associate Maximilian Schroff (all Project Development & Finance, Düsseldorf). Project due diligence was led by of counsel Björn Heinlein, supported by senior associate Marie Georgi and associate Benedikt Behlert (all Corporate/Energy, Düsseldorf). Hedging advice was provided by partner David Neu and senior associate Christopher Banks (both Debt Finance, Munich), tax advice was given by partner Dominik Engl and counsel Claus‑Peter Knöller (both Tax, Frankfurt) and corporate due diligence was conducted by partner Tobias Nogami Kamerling and associate Yannik Trauschold (both Corporate/Energy, Düsseldorf).

Press contact: Lisa Trager

Clifford Chance advises Mapfre on a liability management exercise over Tier 2 notes and on a new Tier 2 notes issuance for an amount of EUR 500 million

Tue, 16 Jun 2026 11:36:00 GMT

The deal allows Mapfre to efficiently manage its solvency base and optimise its debt profile and liquidity position.

The Clifford Chance team that advised on the transaction was led by Francisco Pizarro and included associates Enrique Pais and Alejandro Gómez-Coronado.

This deal reinforces Clifford Chance's position as the firm of reference for regulatory capital deals in the insurance industry.

For more information on the deal, click here.

Press contact: Ingrid Cabrera

Clifford Chance advises The Hong Kong Mortgage Corporation Limited on HK$12 billion inaugural public digital bond issuance

Tue, 16 Jun 2026 02:49:00 GMT

The transaction marks the largest-ever digital bond issuance globally to date and a significant milestone, as the first public sector entity in Hong Kong to issue digital bonds. The 5-year Hong Kong-dollar tranche also represents the longest tenor ever for a HKD digital bond to date, setting a new benchmark in the local market.

Lead partner Mark Chan said, “This transaction highlights the continued evolution of Hong Kong’s debt capital markets, with growing momentum behind digital and tokenised bond issuances as issuers and investors seek greater efficiency, transparency and settlement optimisation.”

Mark Chan led the transaction with support from counsel Torrance Shi, senior associate Christine Chan and trainee solicitor Oliver Lai.

Clifford Chance is a pioneer in the digital bonds and tokenised securities space, having advised on many of the earliest and most influential digital bond issuances globally. These include advising on Hong Kong’s first digital bond by a corporate issuer, Eurozone's first sovereign digital bond issuance, the world’s first digital “gender bond” and the first digital bond denominated in UAE dirhams.

Media contact: Madhu Mirpuri

Clifford Chance advises Amundi-managed fund on sale of Hamburg city-centre property

Mon, 15 Jun 2026 09:41:00 GMT

Situated in a prime inner-city location close to Hamburg City Hall, the mixed-use property offers approximately 4,300 square metres of lettable space, primarily used for office and retail purposes. The building’s central location, established structure, and versatile usage possibilities provide an attractive basis for long-term asset management. The parties have agreed not to disclose the purchase price.

The Clifford Chance team was led by partner Kristina Jaeger and further comprised counsel Jonathan Klein, associate Robin Rebecca Molitor and senior transaction lawyer Birgit Seyfert (all Real Estate, Frankfurt) as well as partner Olaf Mertgen, counsel Steffen Waadt and senior associate Cornelius Klinger (all Tax, Frankfurt).

Press contact: Lisa Trager

Clifford Chance advises Wafra on acquisition of Navitas Credit Corp.

Fri, 12 Jun 2026 20:03:30 GMT

Navitas provides financing equipment solutions for small and mid-sized businesses. The company will continue to be led by its current management team following completion of the transaction.

Clifford Chance advised on the fund investment and structuring aspects of the deal. The team included partners Jon Newman, Chris Phillips-Hart and Michael Seaton, associate Milica Pavlovic, attorney Joey Salama and law clerk Varsha Kanitkar.

Clifford Chance advises Masdar on the acquisition of a 49.99% stake in a €849 million Spanish renewable portfolio from Repsol

Fri, 12 Jun 2026 11:26:00 GMT

The Clifford Chance team was led by corporate/M&A partners Pablo Murcia and Luis Alonso, with the support of senior associate Juan Valcárcel and members of the team Beatriz Pérez, Conrado López, Juan Antonio Peces and Jaime Sánchez. Other Clifford Chance lawyers involved included José Guardo, Pablo Cancelo, José Luis Zamarro, Julia Hernández, Andrés Berral, Miguel de Santos, Roberto Grau and Ignacio Baz.

Press contact: Gonzalo Trueba

Clifford Chance advises TPG-backed Infomedia on acquisition of Veact

Fri, 12 Jun 2026 09:21:00 GMT

The acquisition underscores Infomedia’s strategy to broaden its global footprint through expanding its aftersales ecosystem in Europe. It also allows for Infomedia and Veact to unlock the full value of its data assets, delivering a more connected, end-to-end platform that enables original equipment manufacturers (OEMs) and dealer networks to better manage the entire vehicle ownership lifecycle.

Infomedia is an Australia-based leading global provider of DaaS and SaaS solutions that empowers the data-driven automotive ecosystem. Its solutions help OEMs, dealerships and third-party partners manage the vehicle and customer lifecycle. The company was taken private by leading global alternative asset manager TPG in August 2025.

Based in Munich, Veact offers data-driven solutions to some of the world’s leading automotive brands, working with more than 1,000 dealership sites across the EMEA region and partnering with many of the world’s leading OEMs.

The cross-border Clifford Chance team advising Infomedia on this transaction was led by partners Jacob Kahwaji (Corporate/Private Equity, Sydney) and Thomas Krecek (Corporate/M&A, Frankfurt) and further comprised senior associate Friedrich von Bülow, associates Helge Brück and Frederic Hölscher (all Corporate/M&A, Frankfurt), counsel Tobias Born and associate Stephanie Giek (both Tech/Digital, Frankfurt), counsel Claus-Peter Knöller (Tax, Frankfurt), partner Christopher Fischer and associate Anna-Celine Brill (both Employment, Frankfurt) as well as counsel Nicolas Hohn-Hein (IP, Düsseldorf).

Press contact: Lisa Trager

Clifford Chance advises the underwriters on Avolta AG's high-yield bond offering and concurrent tender offer

Fri, 12 Jun 2026 09:18:31 GMT

Avolta (previously known as Dufry) is a leading global travel experience player in the travel retail and F&B industry, with operations in 70 countries on six continents. Clifford Chance also advised on the issuance of Avolta's Senior Notes due 2027, 2031 and 2032.

The proceeds of the offering will be used to partially repay its Senior Notes due 2027. Concurrently with this Offering, Avolta has successfully completed a Tender Offer to purchase up to EUR 400 million aggregate principal amount of such notes and expects to use the net proceeds of this Offering to purchase notes tendered in the Tender Offer. Any net proceeds not deployed in the Tender Offer are expected to be used to repay any Senior Notes due 2027 at maturity.

The Clifford Chance team advising on the bond issuance and tender offer was led by London High Yield partner, Michael Dakin, senior associate Yash Ranade, law clerk Saherish Surani and summer law clerk Milla Costa. London DCM partner Paul Deakins advised on English law matters on the tender offer.

Press Contact: Chanelle Mutawe

Clifford Chance advises the joint global coordinators on The Co-operative Group’s sustainable refinancing

Fri, 12 Jun 2026 08:25:36 GMT

Clifford Chance’s team advising the banks was led by partner Drew Rundus, with associate Trey Oxendine and law clerk Rory Farquharson. Partner Bruce Kahl and senior associate Andy Whelan separately advised the trustee on the transaction.

Press contact: Emma Cessford

Clifford Chance advises Nomura on second note purchase closing under US$500 million securitization of Mexican credit card receivables

Thu, 11 Jun 2026 13:20:28 GMT

Partner Gianluca Bacchiocchi commented, "From structuring the ABS facility from inception through two closings, we are proud to guide Nomura on this transaction, which marks one of the largest cross-border asset-backed financings for a Mexican digital financial services company."

Bacchiocchi led the transaction along with associates Jorge Vázquez Navarro and David Rondon.

Clifford Chance previously advised Nomura on the first closing of this transaction in December 2025.

Clifford Chance advises on sale of Vena Energy India to Inox Clean Energy

Wed, 10 Jun 2026 03:41:00 GMT

The platform comprises approximately 1 GW of operational capacity, 1.7 GW (solar and wind) and 1.2 GWh (BESS) of advanced-stage assets, additional 2.7 GW (solar and wind) and 1.3 GWh (BESS) of development pipeline, with long-term power offtake arrangements with leading public-sector and commercial customers, C&I consumers, and state distribution companies.

Vena Group is backed by longstanding client Global Infrastructure Partners, a part of BlackRock. Following completion, Vena Group will focus its resources on the next phase of growth across its strategies, including renewable energy, storage, digital infrastructure and integrated green solutions.

The Clifford Chance team comprises private equity partner Tom Lin, counsel Charmaine Yeo and Winnie Poon, and associates John Wu and Yuqian Zhang, working alongside Cyril Amarchand Mangaldas on Indian law aspects.

Completion of the transaction is subject to conditions.

Media contact: Fenix Wong

Clifford Chance advises Core42 on the arrangement of two structured trade finance facilities totalling USD550 million with HSBC

Tue, 09 Jun 2026 12:24:00 GMT

The cross-practice Clifford Chance team was led by partners Simon Connor, Jon Newman, Patrice Navarro, Matt Dunn and Nicola Reader, with support from senior associates, Elphina Franklin and Harry Tiara, and associates, Jordan-Ray Bennis and Myrto Colocassides.

For more information, click here to read Core42's release: Core42 Raises USD 550 million from HSBC to Scale Global AI Infrastructure

Press contact: Emma Cessford

Clifford Chance announces Local Partner appointments

Mon, 08 Jun 2026 10:56:00 GMT

Charles Adams, said: “Congratulations to our newly appointed Local Partners. Our Local Partner role recognises the different ways people contribute and succeed at Clifford Chance, strengthening support and growth opportunities for outstanding lawyers across the firm as they continue to deliver for our clients.”

Our new Local Partners are:

Anja Phleger Andrade, Capital Markets, Sao Paulo
Christoph Nensa, Debt Finance, Frankfurt
Charlotte Spierings, Disputes, Amsterdam
Gerson Raiser, Disputes, Frankfurt
Tess Forge, Disputes, Singapore
Jesse Overall, Funds & Asset Management, New York
Andrew Des Rault, Structured Finance, New York

The Local Partner role is available across all our offices and recognises experienced lawyers who make a significant contribution to the firm and its clients. The title which denotes local partners is 'Partner, (Office/Local entity)'.

Press contact: Sonia Malhotra-Denny

Clifford Chance advises on US$200 million senior secured notes offering to finance construction of Cumberland gas plant

Fri, 05 Jun 2026 20:13:00 GMT

Global law firm Clifford Chance advised the purchasers on US$200 million offering of senior secured notes due 2056 issued by Cumberland Generation Holdco LLC, which will be used to partially fund a payment to the Tennessee Valley Authority for the construction and operation of a gas-fired power facility located in Stewart County, Tennessee.

The team was led by partners Shellka Arora-Cox (New York) and Om Pandya (Houston), supported by a broader team of capital markets associates Jake DuCharme (New York) and Johnathan Walker (Houston), with partner Todd Lowther (Houston) and associate Milica Pavlovic advising on tax matters (New York).

Clifford Chance advises the lenders on 3i's investment in leading French natural nutrition brand Nutergia

Thu, 04 Jun 2026 14:12:00 GMT

Founded in 1989 by Claude Lagarde and headquartered in Capdenac, France, Nutergia provides natural, expert-recommended food supplements, with a differentiated positioning built around its proprietary concept of Active Cellular Nutrition®. The company develops and manufactures high-quality products, distributed primarily through pharmacy channels and benefits from strong, long-standing endorsement by healthcare professionals.

3i is investing to accelerate Nutergia’s growth, driving further penetration of existing markets, continued innovation across product categories, acceleration of digital channels and international expansion in selected geographies. As part of the transaction, the Lagarde family will retain a significant minority shareholding and continue to be actively involved in the business.

The Clifford Chance team was composed of Pierre-Benoit Pabot du Châtelard, partner, Sophie Laporte, senior associate, and Gwenvael Porsmoguer, associate, on the finance aspects, Rémy Lefebvre, counsel, and Adrianna Gelbert, associate, on the tax aspects, and Leopoldo Luyten de Alvear, associate, on the Belgian law aspects.

Press Contact: Laure-Hélène Caillot

Clifford Chance advises Vitruvian Partners on its strategic investment in ASR

Wed, 03 Jun 2026 13:20:00 GMT

The transaction is expected to close in late 2026, subject to regulatory approvals and other customary closing conditions.

The Clifford Chance team advising Vitruvian Partners is led by partners Neil Evans, Graham Phillips and Imogen Ainsworth.

Press contact: Sonia Malhotra-Denny

Clifford Chance advises BGK on PLN 350 million NRRP financing for Qair

Tue, 02 Jun 2026 11:25:00 GMT

The financing will support the construction of three renewable energy projects: a wind farm in Jenków (Lower Silesia) and two solar farms in Grudziądz (Kuyavian Pomeranian Voivodeship) and Wierzbica (Masovian Voivodeship), with a combined capacity of 203 MW.

The Clifford Chance team advising on the transaction included Andrzej Stosio (Partner), Maksymilian Jarząbek (Counsel), Mateusz Leleno (Associate) and Natalia Zań (Associate). Due diligence advice was provided by Paweł Puacz (Partner), Aleksandra Bartoszewicz (Senior Associate) and Miłosz Bukowiec (Associate).

Press contact: Małgorzata Dezor-Tomaszewska

Clifford Chance advised Millennium Invest on the acquisition from Accor of a stake in the Orient Express group

Tue, 02 Jun 2026 10:40:00 GMT

Millennium Invest thus becomes the third shareholder of the Orient Express group, alongside Accor Luxury & Lifestyle and LVMH, as part of the strategic partnership entered into by the latter in 2024 to accelerate the development of Orient Express. Historically known for operating luxury trains for over 140 years, the iconic brand has recently unveiled the Orient Express Corinthian, the world’s largest sailing yacht, built by Chantiers de l’Atlantique. Sailing under the French flag, this 220-metre vessel embodies a new era of travel, combining cutting-edge naval innovation with French craftsmanship excellence. A second sister ship, the Orient Express Olympian, is currently under construction and will further expand the group’s offering, which also includes luxury hotels.

The Clifford Chance team comprised Catherine Naroz, partner, Elisabeth Kerlen, senior associate, and Louise Brunie Jean Charles, associate, on the corporate aspects, Pierre Goyat, partner, and Elise Poiraud, associate, on the tax aspects, David Gérard, partner, and Antoinette Gru, senior associate, on the real estate aspects, as well as Chloé Desreumaux, partner, and Ophélie Han Fing, associate, on the financing aspects.

Press Contact: Laure-Hélène Caillot

Clifford Chance advised Eurofiber on the sale of its stake in Unifiber to Proximus

Tue, 02 Jun 2026 10:08:00 GMT

Clifford Chance acted as legal adviser to Eurofiber on all aspects of the transaction, with a team led by corporate partner Niek De Pauw and supported by counsel Stijn Van Walleghem (tax) and associates Wout Sleurs and Gauthier Peemans (corporate).

Press contact: Marion Meunier