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Clifford Chance advises on Mininglamp Technology's IPO and listing in Hong Kong

Mon, 03 Nov 2025 10:45:00 GMT

Chair of China Practice and partner Tim said, "Mininglamp Technology’s successful listing reinforces our firm's market-leading position in advising China’s innovative tech companies. Our deep understanding of the technology sector and experience with complex listings continues to distinguish us in supporting clients advancing the development of new technologies for China’s future industries.”

Tim co-led the transaction with partners Fang Liu and Tianning Xiang, with support from counsel Erxin Lu and Wei Liang, senior associates Ada Zheng and Meng Mao, associates Bin Chen and Ruonan Tang, trainee solicitors Yijin Zhang, Jin Qin, Changle Xu and Wentao Zhang, legal analysts Hui Wang and Liangzhi Zhang.

Mininglamp Technology is a leading software company in China specialising in data intelligence. It provides solutions that help businesses improve their marketing and operations, both online and offline. By combining large-scale models, industry-specific expertise and multimodal data, the company supports smarter strategy design and decision-making.

Clifford Chance has advised the listings of many technology companies in China, including the listings of Deepexi Technology, Xunfei Healthcare and Black Sesame.

Clifford Chance has advised IFC on first Islamic financing in Sub Saharan Africa

Fri, 31 Oct 2025 11:53:00 GMT

Under this first Islamic financing in Sub-Saharan Africa, IFC is partnering with BIS to significantly increase MSME lending capacity. The programme aims to triple BIS’s MSME portfolio to approximately US$350 million over five years and support up to 7,000 jobs.

The cross-border team was led by Mustapha Mourahib (Partner, Casablanca) and Qudeer Latif (Partner, Dubai). The core team included Shauaib Mirza (Counsel, London), Ibrahim Hassan (Senior Associate, Dubai), and Othmane Anice (Associate, Casablanca).

Clifford Chance advised Crédit Agricole S.A. on its CAD 900 million Tier 2 subordinated notes issuance

Fri, 31 Oct 2025 08:42:00 GMT

Clifford Chance advised the issuer on both French and English law aspects. The team consisted of Cédric Burford (partner), Auriane Bijon (counsel), Batoul Laanani (senior associate) and Sabrine Kadi (juriste).

On Canadian law aspects, the issuer was advised by Blake, Cassels & Graydon LLP.

Clifford Chance advises Jardine Engineering Corporation on joint venture with ALBA Group Asia and investment in ALBA Green Gas

Fri, 31 Oct 2025 05:25:00 GMT

The investment in AGG expands JEC’s footprint in the environmental engineering sector and waste-to-energy capabilities. The investment will also accelerate AGG’s ability to acquire and develop organic waste projects in China and across Asia.

Partners Byan Koo and Kelly Gregory co-led the transaction, with support from partner Phoebe Lo, counsel Fang Bao and Ryan Wong, senior associates George Lau and Ee Ming Wong, associates Emily Tong, Adam Boulanger and Xiaohan Sun, and legal analyst Jingya Hu. Partner Julia Peng from Shanghai He Ping Law Firm* provided PRC law advice on IP aspects.

A wholly owned subsidiary of Jardine Matheson, JEC is a premiere engineering expert in Asia.

* 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 advises Aareal on its first synthetic SRT securitisation of commercial real estate loans with a total volume of €2 billion

Thu, 30 Oct 2025 14:00:00 GMT

The transaction was significantly over-subscribed and was executed following a competitive bidding process through Aareal Bank simultaneously entering into a financial guarantee with insurers and issuing a credit-linked note to an asset manager.

The Clifford Chance team consisted of partner Oliver Kronat, senior counsel Kerstin Schaepersmann (lead), senior associates Antonia Walter and Moje Salzmann (all Global Financial Markets, Frankfurt). Partner Olaf Mertgen and counsel Steffen Waadt (both Tax, Frankfurt) advised on tax matters.

Clifford Chance advised the lenders on the EUR 318 million financing of Kelme wind farm in Lithuania

Thu, 30 Oct 2025 12:25:00 GMT

The Clifford Chance team advising on the English law aspects of the transaction was led by Mateusz Chruściak (Counsel) under the supervision of Irena Floras-Goode (Partner). The team also included Joanna Korycińska (Associate), Mateusz Leleno (Associate) and Maciej Kujawa (Associate).

The Clifford Chance team advising EIB included Andrzej Stosio (Partner) and Agnieszka Kozikowska (Senior Associate).

The Clifford Chance energy team included: Paweł Puacz (Partner) and Aleksandra Bartoszewicz (Senior Associate).

Florian Mahler (Partner), Isabel Bremen (Senior Associate) and Maximilian Schroff (Associate) advised on German law aspects of the transaction.

Karolina Rozycka (Partner), Sandrine Colletier (Senior Counsel) and Delphine Siino Courtin (Partner) advised on French law aspects of the transaction.

Clifford Chance Advises on Türkiye’s First Sustainability-Linked Loan in Electricity Distribution Sector

Thu, 30 Oct 2025 11:21:00 GMT

This pioneering transaction marks the first sustainability-linked financing in the Turkish electricity distribution sector. The six-year loan will be used to strengthen and modernise the electricity infrastructure across 14 cities served by Enerjisa’s distribution companies, with a particular emphasis on network investments in areas impacted by the severe earthquakes of early 2023. In addition, part of the funding will support the nationwide expansion of Eşarj, Enerjisa’s electric vehicle charging subsidiary, enhancing Türkiye’s fast-charging network.

The Clifford Chance cross-border team advising on the transaction was led by partner Angela McEwan (Amsterdam) and counsel Gökçe Uzun (Istanbul), with support from senior legal advisor Sylvia van der Heyden (Amsterdam), associates Utku Aydın (Istanbul), Büşra Altuntaş (Istanbul) and Aykan Karpuzcu (Istanbul), and trainee solicitor Bailey James (London).

Clifford Chance secures another landmark victory for The Super League

Wed, 29 Oct 2025 13:27:00 GMT

In a landmark ruling issued today, The High Court of Madrid has confirmed previous rulings on The Super League case and fully dismissed all appeals from UEFA, LaLiga and the Spanish Football Federation, which are further ordered to pay the cost of the proceedings.

The High Court of Madrid, applying the well-established doctrine of The Court of Justice of the European Union regarding sports in the European Union, has confirmed that our clients, European Super League Company and A22 Sports Management have been the victims of an abuse of dominant position by UEFA and FIFA.

The Clifford Chance team acting for European Super League Company and A22 Sports Management was led by partners Fernando Irurzun, Luis Alonso, and Miguel Odriozola, with the support from counsels Fernando Giménez-Alvear, Pablo Murcia and senior associate Laura García-Valdecasas.

Clifford Chance advised on the financing of a wind farm located in Smiltene Municipality, Latvia

Wed, 29 Oct 2025 10:48:15 GMT

The Clifford Chance team advising on the English law aspects of the transaction was led by Mateusz Chruściak (Counsel) and Aleksandra Białyszewska (Senior Associate) under the supervision of Andrzej Stosio (Partner). The team also included Mateusz Chmura (Counsel), Joanna Korycińska (Associate) and Maciej Kujawa (Associate).

Clifford Chance advises Cinven on the acquisition of Universidad Alfonso X el Sabio Group from CVC Funds

Wed, 29 Oct 2025 10:22:00 GMT

UAX is a leading education group in Spain known for its strong commitment to academic excellence, innovation, and practical, career-oriented education.

The team was led by partner Samir Azzouzi, with the support of senior associates Pablo Hernández, Patricia Puertas and Iñigo Navarrete, and associates Enrique Fanego and María Rodrigo, all of them from the Private Capital / M&A team of the Madrid office. The firm's multidisciplinary team for this transaction also included specialists from other areas including regulatory (Carme Briera), real estate (Gabriel Cabello), competition (Begoña Barrantes and Paula Valenciano) and employment (Jorge Martín-Fernández), ensuring seamless cross-practice execution of the transaction.

Clifford Chance He Ping advises LB Group on its acquisition of relevant assets relating to Venator's titanium dioxide business in the UK

Wed, 29 Oct 2025 06:00:00 GMT

The acquisition includes assets related to the TiO₂ business held by Venator UK, a subsidiary of Venator Materials PLC, including real estate, machinery, spare parts, business records, intellectual property, inventory, and other related assets.

LB Group is a leading manufacturer of high-performance TiO₂ pigments. With over 35 years of TiO₂ pigment manufacturing experience, LB Group manufactures a wide range of TiO₂ pigments for all major applications using the sulfate process and the chloride process.

The combined Clifford Chance He Ping team* advised on various aspects of this complex cross-border transaction. The team includes:

China: Glen Ma (Head of Corporate at Clifford Chance He Ping)⁺, partner Bai Yong, local partner Julia Peng⁺, counsel Fang Bao, senior associates Carol Jia, Xiang Li⁺ and Michael Yan, associates Wanghao Jiang and Ziwen Wang, and trainee Yiyang Wang in Shanghai, Beijing and Hong Kong;
UK: Partners Melissa Coakley, Erik O'Connor, Alis Pay, Stephen Reese, Alastair Windass, Sarah McAleer, Herbert Swaniker and Adam Hedley, director Simon Corzberg, senior associates Harini Viswanathan, Andrew Quaile, Alex Currie, Katie Kempthorne, Adam Hunter and Lauren Royers, and associate Antonia Donaldson, Molly Margiotta and Ella Burnside in London.

The completion of the transaction is subject to regulatory approvals and other applicable closing conditions.

⁺ From Shanghai He Ping Law Firm.

Clifford Chance advises underwriters on ONWARD Medical's €50 million capital increase

Tue, 28 Oct 2025 11:15:03 GMT

UBS and Stifel acted as Joint Global Coordinators and, together with Bank Degroof Petercam SA/NV, as Joint Bookrunners.

ONWARD Medical is a leading neurotechnology company developing therapies to restore movement, function and independence in people with spinal cord injuries (SCI) and other movement disabilities.

The net proceeds of the private placement, together with the existing cash balance, will be used to fund development initiatives, expand sales and operations, support and scale quality and administrative activities, fund working capital and other general corporate purposes, and cover financing costs. Read more about the capital increase here.

Settlement of the shares and their admission to listing and trading on Euronext Brussels, Euronext Amsterdam and Euronext Paris took place on 28 October 2025.

The Clifford Chance team was led by Olivier Plessis and Han Teerink, with support from Maks Mencin in Frankfurt, Marina Sarkisjan and Robert Bulte in Amsterdam and Johannes Juette in London.

Clifford Chance advises SANY Heavy Industry on its US$1.7 billion IPO and listing in Hong Kong

Tue, 28 Oct 2025 10:28:00 GMT

Chair of China Practice and partner Tim said, “We are proud to have advised SANY on its landmark H-share listing in Hong Kong – one of the largest so far this year, with strong support from cornerstone investors. SANY is a great example of how successful Chinese companies are turning to Hong Kong's capital markets to accelerate global expansion, and demonstrates our depth of experience in supporting them through that journey."

Tim co-led the deal with partners Jean Thio and Tianning Xiang, and with support from a combined Clifford Chance He Ping* team including Head of Capital Markets Lorna Lyu⁺, senior associates Joy Chen and April Zhang, associates Cathy Qian, Xiao Tang, Daisy Wang and Yao Han⁺ and trainee solicitor Cian Fang, Qianqian Bai and Ruiyi Chen.

SANY, founded in 1994, has established itself as an innovation-driven global leader in the construction machinery industry. SANY is dedicated to the R&D, manufacturing, sales and servicing of an extensive portfolio of construction machinery, including excavating machinery, concrete machinery, hoisting machinery, piling machinery and road machinery. SANY is the world’s third largest and China’s largest construction machinery company in terms of core construction machinery’s cumulative revenue from 2020 to 2024. SANY has been listed on the Shanghai Stock Exchange since 2003.

Clifford Chance has advised on the successful A+H share listings of several Mainland China-listed companies, most recently with the listings of SICC, Anjoy Foods Group and Zhejiang Sanhua Intelligent Controls.

⁺From Shanghai He Ping Law Firm

Clifford Chance advises Partners Group on minority stake exit in Apex Logistics

Tue, 28 Oct 2025 09:45:00 GMT

The transaction, which is expected to close in 2025, marks a full exit for Partners Group from its investment in 2021 and values Apex at an enterprise value of over US$4 billion.

Partner Bryan Koo led the transaction, with support from senior associate Cecilia Chan and associate Winky Su. Counsel Ivan Chan provided Singapore law support, and partner Edith Leung and counsel Chit Kwong advised on finance aspects of the transaction.

Founded in 2001 and headquartered in Singapore, Apex operates 48 sites worldwide, serving over 20,000 customers across more than 70 countries. Apex moved 420,000 tons of airfreight and 300,000 TEU of ocean freight in 2024.

For more details about the transaction, see Partners Group's announcement here.

Clifford Chance advises Deepexi Technology on its Chapter 18C listing in Hong Kong

Tue, 28 Oct 2025 08:00:00 GMT

Deepexi Technology specialises in delivering enterprise large model AI application solutions, empowering enterprises to integrate their data, decisions and operations efficiently at scale.

Chair of China Practice and partner Tim said, "We are proud to have advised Deepexi Technology on its landmark Chapter 18C listing. As the first enterprise-level large model AI company in China to list in Hong Kong, this transaction builds on our leadership in advising high-growth tech companies entering the public markets.”

Tim co-led the transaction with partners Jean Thio and Virginia Lee, with support from counsel Claire Cao, senior associates Luyi Jiao and Yuhang Li, associates Hester Choi and Melinda Li, trainee solicitors Zhongxiao Cong and Ziyi Fan. Bryan Lu from Shanghai He Ping Law Firm * provided additional support.

Clifford Chance previously advised Black Sesame as the first Commercial Company to list under Chapter 18C in Hong Kong.

Clifford Chance has provided Dreilinden gGmbH with pro bono advice on its investment grant in an LGBTQ+ organisation in Eastern Europe

Mon, 27 Oct 2025 16:35:00 GMT

Dreilinden Gesellschaft für gemeinnütziges Privatkapital mbH is a non-profit organisation based in Germany that aims to contribute to an open and inclusive society by providing financial support to existing organisations, projects and networks.

As part of a pro bono mandate, Clifford Chance advised Dreilinden Gesellschaft für gemeinnütziges Privatkapital mbH on financial and regulatory issues, enabling the funding to be successfully implemented.

The Clifford Chance team was led by partner Anna Thwaites and included counsel Georg Lübbehüsen, senior associate Christian Eli and associate André Weber.

Clifford Chance advises Marsa Maroc on its Joint Venture with CMA CGM for the Western Container Terminal at Nador West Med

Mon, 27 Oct 2025 15:40:00 GMT

Upon completion of the transaction, and pending approval from the relevant authorities, Marsa Maroc will hold 51% of the share capital and voting rights of the concession company, while CMA Terminals will hold 49%.

Gradually coming into service starting from 2027, the terminal will offer an annual handling capacity of 1.8 million TEUs, positioning itself as a major transshipment hub in the Mediterranean and reinforcing Morocco’s integration into global maritime trade routes.

The Clifford Chance team advising on the transaction is led by Frederic Giancarli (Partner), assisted by Aolaia Snaïba (Associate) and Nihad Agadazi (Associate).

Clifford Chance advises PIMCO funds on investment to develop Meta's Hyperion Data Center

Mon, 27 Oct 2025 13:44:08 GMT

Funds managed by Blue Owl Capital will own an 80% interest in the joint venture, and Meta will retain the remaining 20% ownership. The parties have committed to fund their respective pro rata share of the total development costs for the buildings and long-lived power, cooling, and connectivity infrastructure at the campus.

"We are extremely proud to help our client PIMCO and position our cross-practice team of lawyers to contribute to the execution of this landmark transaction," said partner Gianluca Bacchiocchi.

Partner Zarrar Sehgal added, "This transaction represents a significant milestone not only for our client but also for the broader data center financing market and we leveraged the strength of our multi-practice approach – seamlessly combining depth across capital markets, finance, real estate, tax and regulatory teams to deliver strategic value on this groundbreaking deal."

Bacchiocchi and Sehgal along with associates Brianna Jones Rich and Jarek Peterson led the multi-practice team, which included Capital Markets partner Gary Brooks, associate Jed Tifft and law clerk Jake Hewitt; Asset Finance associate Asena May; Structured Finance partner Lee Askenazi and counsel Peter Manno; Banking partner Thomas Critchley; Real Estate partner Jon Newman, associate Michael Attias, and staff attorney Joey Salama; Regulatory partners Ty'Meka Reeves-Sobers and Marcia Hook, associates Kami McFarland and Adriana Vélez-León; Tax partner Jim Gowar; partner Megan Gordon, counsel Catherine Ennis and Jacqueline Landells on compliance matters; and partner Paul Koppel with associates Ivona Dimov and Emma Himes on ERISA matters.

Clifford Chance advises Silver Point on US$200 million senior secured loan

Mon, 27 Oct 2025 13:24:00 GMT

Partner and Head of the Americas Debt Finance practice Andrew Young led the transaction with support from counsel Thomas McGowan and associates Xiaowen Zou (Washington, DC) and Daviel Rodriguez on finance matters, partner Jeanne Roig-Irwin and associate Dawn Goldberg on real estate matters, partner Brian Lohan and counsel Sarah Campbell on restructuring matters, and partner Avrohom Gleber on tax matters.

This transaction continues Clifford Chance's longstanding position advising on complex private credit transactions.

Clifford Chance advises on debut notes issuance by Threelands Energy

Fri, 24 Oct 2025 21:54:00 GMT

The team advising the joint bookrunners was led by partner Hugo Triaca in New York, with support from associates Joyce Moore and Cristian Ragucci and foreign lawyer Juan Andrés Bosch. Additional support came from partner Marc Mehlen, counsel Antonio Arenas Torres and associate Federica Gamen in Luxembourg. Tax advice was provided by partner Avrohom Gelber and associate Kade Moural in the US and counsel Maxime Budzin in Luxembourg.

Clifford Chance advises on many transactions in the Latin American energy sector, most recently on the A/B Bond Transaction in Guatemala by Energuate, which is majority owned by Threelands Energy.