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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

Clifford Chance reports record financial performance

Wed, 22 Jul 2026 09:59:00 GMT

22,July 2026 Clifford Chance has announced record financial performance, for the year ended 30 April 2026.

FY26 Financial highlights:

Revenue of £2.6 billion up 9%
Partnership profit of £1.05 billion up 11%
Profit per equity partner (PEP) up 9% at £2.3 million
Since FY23, the firm has driven accelerated growth-adding £638m in revenue and £295m in profit, including 65% increase in US revenue.
Strong performance across all markets and product areas, underlines the strength of integrated global platform and diverse client base.

Charles Adams, Global Managing Partner said: “These record results reflect the trust that clients place in us for their most critical cross-border matters. In an increasingly complex and fragmented geopolitical environment our connected global expertise combined with sector insights, give our clients a distinct advantage."

Strong performance across all product areas and global regions

The firm's client-led global strategy delivered growth across every region and product area.

Momentum in the private markets drove demand for our integrated, cross-border advice across the entire private capital spectrum with strong activity in private equity/M&A, funds and investment management, restructuring and private credit and associated product lines.

Structural trends across technology and AI, healthcare and life sciences, defence, renewable energy and infrastructure - including data centres and other digital infrastructure, continued to underpin robust demand for our multi-product, sector expertise at a global scale.

Revenue growth was broad-based across all regions globally, with Europe (including the UK) and the Middle East up 7% and 12% respectively. Asia Pacific was up 26%, driven by a resurgence in capital markets. The Americas delivered further strong growth of 9%, taking revenue growth in the region to more than 65% over the past three years.

Charles Adams commented: “As confidence returned to global dealmaking, we advised on some of the world’s largest and most complex M&A and private equity transactions. Our work across the most active global business and investment corridors demonstrate the value of our deep connectivity across our global platform, our sector expertise and the strength of our expanding US capabilities.

“Over the past three years, we have accelerated the scale, profitability and market recognition of our US platform. We have a strong pipeline of lateral talent and remain highly confident in our growth trajectory.”

Sustained investment in talent, AI and operations

Investment in top talent saw 28 lawyers promoted to the global partnership effective 1 May 2026. In addition, a total of 25 new lateral partners joined the firm globally. Of these lateral hires and promotions, 15 were in the US.

The firm has continued to invest in AI, technology-enabled delivery tools, infrastructure and in-house expertise, embedding these capabilities across workflows to support the delivery of client work. With AI adoption across the firm above 90%, these investments are driving greater efficiency, deeper insight and faster execution, helping to create value for clients at scale.

Continued investments in enhancing the firm's office portfolio globally include its new offices in Paris, Houston London and expanding its New York footprint.

Notes to editors:

Revenue and profit growth is reported in constant currency.
Partnership profit is calculated after remuneration of non-equity partners and excludes the cost of profit-related annuities payable to partners.
In US Dollars, these figures are equivalent to revenues of US$3.5 billion, profit US$1.4 billion, PEP US$3.1 million.
In Euros, these figures are equivalent to revenues of EUR3.0 billion, profit EUR1.2 billion, PEP EUR2.7million
124 Band 1 Chambers Global rankings - more than any firm globally for the third consecutive year.
Year-to-date, the firm has advised on M&A and PE transactions totalling US300 billion, including seven $10bn+ deals (Source: Mergermarket)
In Hong Kong, we advised on four of the 10 largest IPOs of 2025 by funds raised, representing more than US$5.5 billion in aggregate proceeds." (Source: Dealogic, January 2026)
Alongside the firm's Chambers Global Band 1 ranking for PE, it was also the first and only non-US headquartered firm to be ranked for US PE Buyouts (large cap).
Since moving into our NY space at 2MW in May 2024, our New York attorney headcount has grown by 22%, including 18 new partners.
Since 1 January 2025, the number of partners in the US increased by 34 (via lateral hires and promotions).
Since launching in Houston in 2023 to expand its global Energy & Infrastructure practice, the office has grown to 19 partners and 47 fee earners, advising on energy, infrastructure, environmental transactions, regulatory, tax, private capital, and technology matters.
The firm is part of the inaugural cohort of organisations in the Harvard Business School AI Institute and Microsoft Frontier Firm AI Initiative -a collaboration with a select group of global leaders shaping how AI is embedded at the core of business strategy and operations.

Clifford Chance advises Delivery Hero on the recommended takeover offer by Uber

Mon, 20 Jul 2026 10:06:00 GMT

The Clifford Chance team advised on antitrust and regulatory matters led by partners Nelson Jung and Stavroula Vryna.
Read more here.

Press Contact: Chanelle Mutawe

Clifford Chance advises Kraken Technology Group through $175m raise at $1bn valuation

Fri, 17 Jul 2026 13:40:45 GMT

The Clifford Chance team advising Kraken Technology Group was led by Private Equity Partner Emma Ghaffari, supported by Partner Karalyn Mildorf, Senior Associates Angus Hancock and Nissim Massarano, and Associate Samuel Smith.