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Clifford Chance advises Blackstone, Brookfield and KKR on their US$ 16.0 billion infrastructure partnership with Kuwait Oil Company

Thu, 30 Jul 2026 08:33:00 GMT

Private Equity Partners Patrick Scott (London) and Jonathan Dillon (London) jointly commented: "We warmly congratulate our clients on the successful signing of this transaction, which demonstrates the depth and breadth of Clifford Chance's relationships with some of the world's pre-eminent private capital sponsors and the trust they place in us to deliver their most strategically significant matters, whenever and wherever.”

Partner and Head of Middle East & Turkiye Mo Al-Shukairy (Dubai) and Partner Chirag Sanghrajka (Dubai) jointly commented: "Our market leading private equity and projects practices in the Middle East worked hand in hand with our teams in London and New York to deliver the best of Clifford Chance to our clients. We have advised on transactions in Kuwait for many decades and delivered that experience for the benefit of our clients on Kuwait's most significant foreign domestic investment to date."

The global Clifford Chance team advised the consortium across M&A, Finance, Projects and Tax.

The core team includes Private Equity Partners Mo Al-Shukairy (Dubai), Jonathan Dillon (London), Patrick Scott (London), and Projects Partner Chirag Sanghrajka (Dubai).

The wider team includes Partners Craig Nethercott (Dubai), Deniz Tas (Dubai), Ed Page (London), Jessica Littlewood (London), Jemma Dick (London), Nicholas Hughes (London), Gianluca Bacchiocchi (New York) and Avrohom Gelber (New York); Legal Director Gareth Dray (Dubai); Senior Associates James McMillan (London), Rob Colemeadow (London), Josh Reynolds (London), Emma Ierland (London), Marius Fritz (Dubai), Gabriel Miranda (Abu Dhabi), Mhairi Cruickshank (Dubai) and Callum Gribbin (Dubai); and Associates John Wu (London), Jacob Bruchez (London), Luca Goering (London), Luke Guelli (London), Alejandro Espitia (New York), and Philippe Mattoo (Dubai).

Press Contact: Emma Cessford

Clifford Chance advises on Zhongji Innolight's US$7 billion IPO, Hong Kong's largest listing in nearly seven years

Thu, 30 Jul 2026 08:04:00 GMT

Partners Fang Liu, Virginia Lee and Janet Fok co-led the transaction with support from counsel Carson Wong, senior associates Ada Zheng and Francine Chang, associates Hester Choi, Maybel Qian and Edric Lam, trainee solicitors Patrick Zhang, Donald Tsang and Kristy Lam, paralegal Phoebe Liu and legal analysts Joanne Liu and Vivian Li. Partner Jean Thio also provided support on the transaction.

Fang Liu said, "Zhongji Innolight's IPO is a landmark transaction for Hong Kong's capital markets and one of the most significant technology listings in recent years. The scale of the offering and strong investor demand demonstrate investor confidence in companies at the forefront of AI and digital infrastructure development, while reinforcing Hong Kong's position as a premier international fundraising venue for innovative companies pursuing global growth."

Listed on the ChiNext board of the Shenzhen Stock Exchange since 2012, Zhongji Innolight is a leading global provider of optical interconnect solutions. Its core products are optical modules. The company supplies optical interconnect solutions to many of the world's leading cloud and AI companies and has been the world’s largest provider of optical interconnect solutions by revenue for five consecutive years since 2021.

Clifford Chance is a leading adviser on listings across the hard tech industry, including companies at the forefront of semiconductors, AI and other cutting-edge technologies, such as Nexchip Semiconductor (semiconductor foundry), GigaDevice Semiconductor (memory and microcontroller chips), SICC (silicon carbide), InnoScience (gallium nitride) and Circuit Fabology Microelectronics Equipment (pan-semiconductor equipment).

Clifford Chance advises Keppel on Apollo's US$1.5 billion investment into Keppel Offshore Fund

Thu, 30 Jul 2026 07:58:00 GMT

The Clifford Chance team was led by partner Melissa Ng and counsel Wesley Tan, supported by senior associate Lim Hui Qi. Singapore partner Daryl Liu, senior associate Rebecca Liu and associate Phoenix Chiu advised on funds aspects of the transaction. Hong Kong counsel Dayu Man, together with A&SH Clifford Chance counsel Aysh Chaudhry and senior associate Asfand Gulzar in Riyadh, advised on antitrust aspects. Singapore counsel Claire Neo and associate Jun Kai Choo advised on SGX compliance and disclosure requirements. New York partner Gianluca Bacchiocchi also advised on the structured finance aspects.

Melissa Ng commented, "As one of the first transactions of its kind in Southeast Asia, this transaction brings together a large-scale offshore asset monetisation programme, a new fund platform and significant institutional capital into an innovative structure. It reflects the growing sophistication of asset management strategies across Asia and the important role private capital can play in the energy and infrastructure sector."

The transaction represents a significant step in Keppel's continued transformation as a global asset manager and operator. The transaction is expected to add approximately S$3.9 billion to Keppel's funds under management and contribute approximately S$1.2 billion towards Keppel's announced asset monetisation for 2026. The transaction is subject to certain closing conditions, including regulatory approvals.

Further details of the transaction are available in Keppel's announcement.

Press contact: Fenix Wong

Clifford Chance is advising DP World on agreement to expand UAE gateway network with new Fujairah terminals

Wed, 29 Jul 2026 15:04:00 GMT

The projects will establish a new deep-water trade gateway on the UAE's east coast, capable of handling the latest generation of Ultra Large Container Vessels. Al Rugaylat is designed to handle up to 2.5 million TEUs (twenty-foot equivalent units) annually, alongside 1.7 million tonnes of general cargo and 190,000 Car Equivalent Units (CEUs), while Dibba will add up to 3.6 million tonnes of annual general cargo capacity.

The new terminals build on Fujairah's growing role as a global maritime hub. Positioned on the Gulf of Oman, Fujairah is poised to become a leading centre for maritime services, and the development of ports and logistics zones will bring further investment, employment and long-term economic opportunity to the emirate. Once operational, the development will increase DP World's total container handling capacity in the UAE from 19.4 million TEUs to almost 22 million TEUs, while significantly expanding general cargo and Ro-Ro capability.

The projects will be delivered in phases, with construction expected to take approximately 24 to 30 months from commencement.

The Clifford Chance team is being led by UAE partners Tariq Imam, Deniz Tas and Chirag Sanghrajka, with support from Associate Dan Forshaw, Senior Associate Gabriel Miranda and Counsel Tom Lloyd, as well as London-based Partner and Co-Head of the Infrastructure Sector Michael Pearson and Senior Associates Lucy Roberts and Caireen McCluskey.

Press Contact: Samantha White

Clifford Chance advises Arçelik on its acquisition of Whirlpool’s remaining 25% stake in Beko Europe

Wed, 29 Jul 2026 09:42:00 GMT

Following completion of the transaction, Arçelik has become the sole shareholder of Beko Europe, obtaining full ownership and control of the business. The transaction represents another significant milestone in Arçelik’s international growth strategy.

The Clifford Chance team advising Arçelik was led by partners Alex Cook, Itır Çiftçi and Jeroen Thijssen, with support from counsel Serkan Özel, senior associates Antonio Folgore, Deniz Yetkin and Sabrina Spoor, and associate Jasper Leistra.

Specialist intellectual property and antitrust advice was provided by a team including Don McCombie, Anastasios Tomtsis and Lauren Royers.

Press Contact: Itir Ciftci

Clifford Chance advises Macquarie Asset Management on the US$9 billion sale of Macquarie AirFinance

Wed, 29 Jul 2026 09:28:00 GMT

MAF was established in 2006 and has grown to become a world class aircraft leasing platform servicing a broad customer base of major global commercial airlines, with a portfolio of 352 commercial aircraft (including orders) across 48 countries.

The cross-practice Clifford Chance team was led by Corporate Partner Riaz Pirmohamed and Aviation Finance Partner Richard Evans. They were supported by Senior Associates Sophie Stratton and Lara Attarzadeh and Associates Alice Butcher, Cathal Lynam, Alex Szlezinger and Francesca Warren.

Tax advice was provided by Edward Page, Partner, and Viktoria Parkhomenko, Senior Associate. Antitrust advice was provided by Anastasios Tomtsis, Partner, Katharine Missenden, Counsel, and Ilya Stekunov, Senior Associate. The wider team consisted of colleagues across Employment and Incentives, including Chinwe Odimba-Chapman (Employment) and Andrew Patterson (Incentives), both Partners.

Press Contact: Chanelle Mutawe

Clifford Chance advises arrangers and lenders on a landmark USD1.8 billion financing package for the Federal Republic of Nigeria's Kano–Maradi Railway Project

Tue, 28 Jul 2026 15:11:00 GMT

The financing brings together development finance institutions and private sector lenders, creating a diversified funding structure tailored to the project's needs. The 374-kilometre single-track standard gauge railway will connect Kano, a major commercial centre in northern Nigeria, with Maradi, a key economic hub in neighbouring Niger.

The project is expected to enhance regional connectivity, improve logistics efficiency and facilitate trade between Nigeria and Niger. It will also support broader economic development across the region, including through improved access to Nigerian ports and the strengthening of key transport corridors in line with the objectives of the African Continental Free Trade Area.

Commenting on the transaction, partner Kayode Oladipo said:

"The Kano–Maradi Railway Project represents a transformative investment in regional infrastructure and economic integration. By bringing together development finance institutions and private sector lenders in a single financing solution, this transaction demonstrates the ability of innovative financing structures to support strategic infrastructure projects that drive sustainable economic growth, strengthen regional connectivity and facilitate cross-border trade across Africa.

We are proud to have advised the arrangers and lenders on a financing that will support one of the region's most significant transport infrastructure projects and deliver long-term economic benefits for Nigeria, Niger and the wider West African region."

The Clifford Chance team was led by partner Kayode Oladipo, supported by senior associates Michael Obiri-Darko and Elphina Franklin and associates Boma George and Lindy Mguni.

This transaction further strengthens Clifford Chance's track record of advising governments, lenders, development finance institutions and other stakeholders on complex sovereign and infrastructure financings across Africa.

Press Contact: Chanelle Mutawe

Clifford Chance advises Morrison on the creation of a data centre joint venture with Orange

Tue, 28 Jul 2026 15:04:00 GMT

As part of the contemplated transaction, Orange would contribute five major data centres across four campuses in France – Chevilly-Larue, Aubervilliers, Chartres and Val-de-Reuil – to the joint venture, together with its operational expertise and commercial reach. Morrison would bring its leading track record in infrastructure and data centre investment and would commit equity through its global value-add strategy to support the growth of the platform. The platform would be supported by an investment programme of €3 billion leveraging Orange's existing assets, Morrison equity contribution and debt.

By developing this new platform, Orange and Morrison would contribute to positioning France as a leading location for digital infrastructure. The platform would benefit from some of the most decarbonised electricity in Europe and would aim for the highest standards of energy efficiency and environmental sustainability.

The signing of the transaction is expected by the end of 2026, subject in particular to consultation with the relevant employee representative bodies and receipt of the required regulatory approvals. Closing is expected in the first quarter of 2027.

The Clifford Chance team was led by Patrick Tardivy, Partner, Katerina Drakoularakou, Counsel, Elisabeth Kerlen, Senior Associate, Raphaël Morin and Pierre-André Kikano, Associates, on the M&A aspects, with support from Patrice Navarro, Partner, Sihem Hassani, Senior Associate, and Antoine Tong, Associate (Tech/IT), Jean-Baptiste Merigot de Treigny, Partner, Pierre-Hubert Boissière and Gabriel Legrand, Associates (Public Law), Alexandre Couturier, Partner, Samuel Sellam, Eva Jaulin and Shahzel Asghar, Associates (Real Estate), David Por, Partner, Naomi Martin, Senior Associate, and Eva Lustman, Associate (IP), Rémy Lefebvre, Counsel, and Hanene Zemir, Senior Associate (Tax), David Tayar, Partner, Salomé Haddou, Senior Associate, Hendrik Coppoolse and Flore Petitot, Associates (FDI), Alice Dunoyer de Segonzac, Partner (Compliance), Florence Aubonnet, Partner (Employment), Paul Loisel, Partner (Finance), Geoffroy Pascaud, Counsel (Litigation), as well as Jonathan Dillon, Partner, Ross Nixon and Toju Adelaja, Associates, from the London office (Private Equity).

Press Contact: Lydia Persico

Clifford Chance advises on three public takeover transactions in Hong Kong

Tue, 28 Jul 2026 06:52:00 GMT

The transactions were led by partner Tommy Tam, with support from senior associate Anson Wong, associates Priscilla Au Yeung and Jonathan Chan, and trainee solicitor Kristy Lam.

Tommy said, "These transactions demonstrate the breadth of our Hong Kong public M&A practice across a range of transaction structures and highlight our continued involvement in some of the most active areas of the market."

These transactions include:

Tongcheng Travel's voluntary general cash offer for Dida

The firm advised Nomura International (Hong Kong) Limited as financial adviser to Tongcheng Travel Holdings Limited on its voluntary general cash offer for Dida Inc. at HK$1.3875 per share in cash. Dida Inc. provides carpooling marketplace services and digitised smart taxi services in China.

Lens Technology's voluntary general cash offer for Ju Teng International

The firm advised CITIC Securities (Hong Kong) Limited as financial adviser to Lens Technology Co., Ltd. on its HK$734.2 million share purchase and the voluntary general cash offer for Ju Teng International Holdings Limited at HK$2.20 per share in cash. Ju Teng International Holdings Limited is a leading manufacturer of casings and structural components for computers, smartphones and other consumer electronics.

Aureole Halo's HK$157.5 million acquisition of a 75% stake in Rimbaco Group and related mandatory general cash offer

The firm advised CMB International Capital Limited and CEB International Capital Corporation Limited as joint financial advisers to Aureole Halo Limited on its HK$157.5 million acquisition of a 75% stake in Rimbaco Group Global Limited and related mandatory cash offer at HK$0.167 per share in cash. Rimbaco Group Global Limited is a Malaysia-based construction contractor providing general contracting and engineering services.

These transactions build on the firm's extensive track record on public M&A transactions, having previously advised China Modern Dairy Holdings Ltd. on its proposed takeover of China Shengmu Organic Milk Limited.

Media contact: Fenix Wong

Clifford Chance advises lenders on a €2.475 billion guarantee credit facility for Nordex SE

Mon, 27 Jul 2026 14:03:00 GMT

Led by UniCredit Bank GmbH as documentation agent, the syndicate for the facility comprises fifteen financial institutions. The guarantee facility has a term of 5 years and includes ESG provisions. The guarantee facility allows the Nordex Group to secure its project business with customers with bank guarantees in the respective main currencies.

The Clifford Chance team comprised of partner Simon Reitz, counsel Vanessa Steiner and associate Sebastian Wurm (all Debt Finance, Frankfurt), senior transaction lawyer Christoph Finsterwalder (Debt Finance, Munich), partner Olaf Mertgen and counsel Steffen Waadt (both Tax, Frankfurt), partner María Sabau and associate Enrique Pais (both Debt Finance, Madrid) as well as partner Daniel Winick and associate Cormac O'Halloran (both Debt Finance, New York).

Press Contact: Nadja Fersch

Clifford Chance advises Galp on the acquisition from Acciona Energía of an operational onshore wind portfolio of 361 MW located in Spain

Mon, 27 Jul 2026 11:50:00 GMT

The Clifford Chance team was led by Corporate/M&A partners Pablo Murcia and Luis Alonso, supported by senior associate Juan Valcárcel and Corporate/M&A team members Conrado López, Xabier Olábarri, Juan Antonio Peces and Jaime Sánchez. Other Clifford Chance lawyers involved were José Luis Zamarro, Mónica Romero, Eduardo Sánchez, Enrique Pais, Darío Buendía, Andrés Berral, Itziar Kraus, Miguel de Santos, Paula Abad, Jorge Martín-Fernández, Olga Albalá, María Begoña Barrantes, Carme Briera, Sara Selma and Luisa Morely.

Press Contact: Gonzalo Trueba

Clifford Chance advises lenders on the refinancing of LEG Immobilien SE’s €750 million revolving credit facility

Mon, 27 Jul 2026 09:43:00 GMT

Led by Commerzbank Aktiengesellschaft (Commerzbank) as documentation agent and coordinator, nine banks participated in the financing. The syndicated revolving credit facility has a term of five years, with two options to extend the term by one year each. The new facility replaces the existing revolving credit facility and provides LEG with financial flexibility and liquidity reserves.

The Clifford Chance team comprised partner Simon Reitz and counsel Vanessa Steiner (both Debt Finance, Frankfurt), as well as partner Olaf Mertgen and counsel Steffen Waadt (both Tax, Frankfurt).

Press Contact: Nadja Fersch

Clifford Chance advises on financing for OCS acquisition of Mitie

Fri, 24 Jul 2026 13:53:02 GMT

The proposed combination of OCS, a global facilities services business, and Mitie will bring together two complementary businesses specialising in facilities management and transformation.

The Clifford Chance team was led by partners David Robson, Alim Amershi and Peter Dahlen, with support from director Li Lin and associates Isabelle Woodcock and Alaa Fawaz (leveraged finance), together with partner Jill Concannon, supported by counsel Sannu Shrestha and law clerk Rory Farquarson (high yield). Partner Olivia Higgs and senior associate Shayan Junaid also advised on M&A aspects of the transaction.

Press Contact: Chanelle Mutawe

Clifford Chance advises PATRIZIA on partnership with Sixth Street to recapitalise healthcare real estate portfolio managed by PATRIZIA

Thu, 23 Jul 2026 12:09:22 GMT

As part of the transaction, PATRIZIA will remain responsible for investment management, thereby ensuring continuity in the further development of the portfolio. Sixth Street will provide long-term capital for the portfolio’s next phase of ownership, while K2MB Capital, an investment and asset manager for social infrastructure and healthcare real estate, will assume responsibility for the day-to-day operations and asset management of the portfolio.

The transaction reflects the long-term positive development of the post-acute healthcare sector. Demand for healthcare real estate in this segment continues to be supported by demographic trends, increasing healthcare needs and the essential role these facilities play within Germany’s healthcare system.

The Clifford Chance team comprised lead partner Fabian Böhm, senior associates Sabrina Tenebruso and Tatjana Bougargour, senior transaction lawyer Birgit Seyfert (all Real Estate, Frankfurt) as well as senior counsel Alexandra Margarete Uhl (Funds, Frankfurt).

Press Contact: Nadja Fersch

Clifford Chance Advises Dangote Petroleum Refinery and Petrochemicals FZE on its debut US$750 million Bond Offering

Thu, 23 Jul 2026 10:18:00 GMT

The successful offering reflects strong investor confidence in DPRP, its strategic importance within Africa's energy and industrial sectors and the continued appetite of international investors for high-quality African credit opportunities. The offering provides DPRP with long-term financing to support its strategic objectives and enhance its financial flexibility.

Clifford Chance partner, Michael Dakin, commented: "We are pleased to have advised DPRP on this significant transaction and to continue supporting the Dangote Group across its capital markets and financing activities. The DPRP bond offering, together with the US$750 million and US$600 million private placements completed earlier this year for Dangote Fertilizer and Greenview Fertiliser, on which we also advised the Group, demonstrates the breadth of the Dangote Group's financing programme and its continued engagement with international investors. We value our longstanding relationship with the Dangote Group and look forward to supporting its future growth and strategic objectives."

The Clifford Chance team was led by partners Michael Dakin and Johannes Juette, with support from senior associate Yash Ranade, associate Geoffrey Adonu and law clerk Saherish Surani. Edmund Boyo (Dubai) and Stephen Chance (Abu Dhabi) provided wider financing and senior relationship oversight as financing advisers to the Dangote Group.

Press Contact: Chanelle Mutawe

Clifford Chance advises Harbour Energy on UK North Sea acquisition

Thu, 23 Jul 2026 08:58:00 GMT

Clifford Chance's team was led by London-based corporate partners Steven Fox and Olivia Higgs. Key transaction support was provided by senior associates Shayan Junaid and Robert Davey and associates Dorothy Adu-Mfum and Nicole Georgiou. Tax support in London was provided by partner Nicola Hemsley and associate Archie Zverev. Insurance support was provided by partner James Cashier and senior associate Jack Gilbert.

Press Contact: Emma Cessford

Clifford Chance advises Aukera Energy on securing EUR 48.5 million in financing from the IFC for the second phase of its BESS project in Romania

Thu, 23 Jul 2026 07:59:00 GMT

The investment is the first stand-alone BESS system developed in Romania by Aukera Energy, the pan-European platform dedicated to battery energy storage and renewable energy. Upon completion, the project will be one of the largest BESS installations in Central and Eastern Europe, with a total capacity of 250 MW / 500 MWh.

This mandate extends the collaboration between Aukera Energy and the Energy practice of the Clifford Chance Bucharest office, which provides advice throughout the entire development cycle of a renewable energy project.

At the end of last year, the team advised Aukera Energy on securing a EUR 60 million credit facility from Kommunalkredit Austria AG to finance the first phase of its investment at Gura Ialomiței.

Partner Mădălina Postolache (Rachieru) said: “Congratulations to Aukera Energy on reaching this key milestone in completing the Gura Ialomiței investment. We are honoured to have contributed our global expertise to the advancement of this strategic project at a time when the battery energy storage sector is becoming vital for the competitiveness and sustainability of the energy industry in the region. We continue to work alongside the leading financiers and investors in the field on some of the major renewable energy projects that are driving the green transition in Central and Eastern Europe.”

Press Contact: Anne Marie Nistoroiu

Clifford Chance advises Searah Limited, Eni and PETRONAS's Joint Venture Company, on US$6 billion financing for South East Asia upstream oil and gas collaboration

Thu, 23 Jul 2026 04:20:00 GMT

Searah brings together a portfolio of 19 upstream oil and gas assets (14 in Indonesia and five in Malaysia) spanning exploration, development and production. The joint venture starts with an initial production base of approximately 300,000 barrels of oil equivalent per day (boe/d), with a target exceeding 500,000 boe/d of sustainable production within the next three years.

Partner Chin Seng Chew (Singapore) led the transaction with support from senior associates Alberto Maero (Milan), Jitr Vilaivongse (Singapore) and Ken Li (Singapore) and associate Ivan Ting (Singapore). Partners Nicholas Wong (Dubai), Craig Nethercott (Dubai), Jemma Dick (London) and Olivia Higgs (London) as well as associates Marco Montanaro (London) and Tom Masters (London) provided additional support. The firm was further supported by, and worked in close collaboration with, the in-house legal team of Eni – Federica Andreoni, Nicola Ghedi, Stefano Torta and Edward Rand – and the PETRONAS Group Legal team.

Press contact: Fenix Wong

Clifford Chance advises National Storage Affiliates on its acquisition by Public Storage

Wed, 22 Jul 2026 18:04:00 GMT

Under the terms of the transaction, holders of NSA common shares and operating partnership units received 0.14 of a share of PSA common stock or operating partnership unit for each NSA share or unit they own.

The Clifford Chance team was led by M&A partners Chang-Do Gong and Robert Chung; Capital Markets partner Andrew Epstein and senior counsel Jay Bernstein; Real Estate partner Jeanne Roig-Irwin; and Tax partner Michael Seaton. They were supported by counsel Tae Ho Cho, associates Zoya Afridi, Jed Tifft and Paul Lakkis and law clerk Cormac O’Halloran on capital markets matters, and counsel Marina Livingston, associate Danielle Mimeles, and foreign lawyer Ariel Cohen on M&A matters. The wider team included:

Real estate: counsel Victoria Manthas, associate Dawn Goldberg, staff attorney Joey Salama and law clerk Michelle Mullin
Tax: partner Hannah Richard and associate Sharon Yu
Employment and benefits: partner Reuven Falik, counsel Meghan Fox and associate David Walsh
Debt capital markets: partner Gary Brooks and associate Xiaowen Zou
Antitrust: partners Brian Concklin and Leigh Oliver and associate Eva Kurban

Clifford Chance has advised Grenergy on the successful closing of the first financing of a stand-alone battery energy storage project in Spain.

Wed, 22 Jul 2026 15:38:56 GMT

The financing, structured as a senior non-recourse facility and including credit lines, is linked to the Oviedo project, a 618 MWh stand-alone battery energy storage facility located in La Corredoria, Asturias. The financing has been provided by Santander and Sumitomo Mitsui Banking Corporation (SMBC).

The Clifford Chance team was led by partner José Guardo and counsel Eduardo Sánchez, with support from senior associate Ángel Muñoz and associates Alejandro Cubillo, Yago López and Asier Vivanco.
For further

Press Contact: Gonzalo Trueba