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Clifford Chance advises Cris-Tim Family Holding on its acquisition of Via Trend Ready Meals from Oresa Ventures and its founders

Mon, 05 Oct 2026 11:17:00 GMT

The transaction is in line with Cris-Tim’s vision to consolidate its position in Romania’s agri-food sector.

Via Trend Ready Meals operates in the ready meal production sector, with factories in Bucharest and across the country. The company is a major player in the chilled ready meals category, with over 15 years’ experience in the sector. Snack4U operates in the sandwich production sector. The two companies manufacture branded products and private label products for international retail chains across the country.

The firm provided advise throughout the entire project, covering due diligence and the drafting of transaction documents, as well as notifications regarding merger control and investment scrutiny by the Romanian Competition Council and the Commission for the Examination of Foreign Direct Investment (CEISD), respectively.

Press contact: Anne Marie Nistoroiu

Clifford Chance advises Euroports on sale of a majority stake to A.P. Moller Capital

Mon, 05 Oct 2026 09:44:00 GMT

Following completion of the transaction, A.P. Moller Capital will become the majority shareholder in Euroports, alongside Belgian public investment companies SFPIM and PMV, which will remain shareholders and continue to support the company's long-term growth and development.

The transaction will support Euroports' continued development and expansion, while preserving its existing management structure, governance framework, and strategic direction. Read more about this transaction here.

The cross-border Clifford Chance team advising Euroports was co-led by partner Gillis Waelkens and senior counsel Wim Aerts, with support from partner Alexandre Ooms, counsel Stijn Van Walleghem, Steffen Amelung and Jonathan Klein as well as associates Céline Lievens, Gauthier Peemans, Yonathan Tison and Maria Barragán.

Press contact: Marion Meunier

Clifford Chance advises on Clifford Capital's US$802.4 million infrastructure asset-backed securities issuance

Mon, 05 Oct 2026 08:19:00 GMT

Bayfront IX is Clifford Capital's ninth public IABS issuance and its largest public IABS issuance to date. The transaction features notes issued under Rule 144A / Reg S backed by a diversified portfolio of 46 project finance and infrastructure loans and bonds across 43 projects in 15 countries and 14 industry sub-sectors.

The transaction continues the development of Clifford Capital's Bayfront programme, which has helped broaden institutional investor participation in infrastructure debt as an asset class. The issuance attracted strong investor demand and was two times oversubscribed. All senior notes will be listed on the Singapore Exchange.

Lead partner Francis Edwards said, "The level of demand for this latest issuance reflects continued institutional appetite for infrastructure debt and the strength of the Bayfront platform. Bayfront IX demonstrates the programme's continuing ability to attract a diverse institutional investor base for infrastructure credit."

Francis Edwards and Lena Ng led the Clifford Chance team that advised the joint lead managers on aspects of English, US and Singapore law, supported by Nicholas Henneberry and Alice Tsui. The team also included:

US structured finance aspects: Robert Villani and Matt Lyons;
US tax and ERISA aspects: Avrohom Gelber, Kade Moural and Aelya Simmons;
Project and infrastructure aspects: Mel Chan and Didi Hu.

A separate team led by Bruce Kahl, supported by Andrew Whelan and Robert Hartman, advised Citicorp International Limited as trustee.

Clifford Chance has advised on successive Bayfront issuances over a number of years, reflecting the firm's extensive experience in infrastructure debt securitisation and structured finance.

Media contact: Fenix Wong

Clifford Chance advises Maxim's Caterers Limited on reorganisation involving Starbucks licensed business and DFI Retail Group

Mon, 05 Oct 2026 04:27:00 GMT

As part of the reorganisation, MX's interests in Coffee Concepts, which operates more than 1,100 Starbucks coffeehouses across Thailand, Hong Kong SAR, Macau SAR, Vietnam, Singapore, Cambodia and Laos, will transfer to DFI. Hongkong Caterers Limited (Hongkong Caterers) will become the sole shareholder of MX.

Founded in 1956, MX became a joint venture between Hongkong Caterers and the Jardine Matheson Group in 1972. For the past 40 years, Jardines' interests in MX have been held through DFI. Over that time, MX has grown into one of Asia's largest food and beverage groups, with over 2,000 stores across nine markets.

For more details about the transaction, see DFI and Hongkong Caterers' joint announcement.

Partners Bryan Koo and Tommy Tam led the Clifford Chance team advising on various aspects of the transaction:

M&A: Counsel Ryan Wong and Winnie Poon, senior associate Petra Ho, associate Priscilla Au-Yeung, legal assistant Po Chan and trainee solicitor Kristy Lam.
Antitrust: Counsel Dayu Man and associates Ziwen Wang and Hendrik Coppoolse.
Technology: Counsel Brian Harley and David Olds and associates Chris Peng and Sherman Poon.

Media contact: Fenix Wong

Clifford Chance advises banks on Bayer Aktiengesellschaft's €2 billion Dual-Tranche Hybrid Bond Issuance

Fri, 02 Oct 2026 07:37:30 GMT

Global law firm Clifford Chance has advised a banking consortium on the issuance of a standalone hybrid bond by Bayer Aktiengesellschaft. The transaction had an aggregate principal amount of €2 billion and was divided into two tranches.

BofA Securities and Deutsche Bank acted as Global Coordinators and Active Bookrunners. BNP PARIBAS, Citigroup, Crédit Agricole Corporate and Investment Bank and HSBC also participated as Active Bookrunners. The banking consortium also included Bank of China, Barclays, BBVA, BNY Capital Markets, Commerzbank, Goldman Sachs Bank Europe SE, J.P. Morgan, Mizuho, Morgan Stanley, MUFG, Rabobank, Santander Corporate & Investment Banking, SMBC, Standard Chartered Bank AG, UBS Investment Bank, UniCredit and Wells Fargo Securities as Passive Bookrunners.

The first tranche, maturing in 2056 and carrying an initial coupon of 5.750%, is first callable in 2032. The second tranche, which also matures in 2056, carries an initial coupon of 6.250% and is first callable in 2035. The bonds have been admitted to trading on the regulated market of the Luxembourg Stock Exchange and were sold to institutional investors.

Clifford Chance regularly advises issuers and underwriters on hybrid bond issuances.

The Clifford Chance team was led by partner Cristina Freudenberger, and further comprised transaction lawyers Lilli Neubauer and Felicitas Fischer (all Capital Markets, Frankfurt).

Press Contact: Lisa Trager

Clifford Chance advises TAV Airports on US$670 million financing of Almaty International Airport

Thu, 01 Oct 2026 07:55:00 GMT

The financing, arranged by Bank of America Europe, consists of a US$650 million term facility and a US$20 million revolving credit facility. The proceeds will be used to refinance the airport's existing 2021 financing and support future capital expenditure and major maintenance programmes.

The transaction further strengthens Clifford Chance's long-standing relationship with TAV Airports, having previously advised on financings relating to Antalya, Ankara Esenboğa, Ohrid and Skopje airports. It also underscores the firm's leading position in airport and infrastructure financing across Türkiye, Central Asia and broader emerging markets.

The Clifford Chance team was led by counsel Başar Kırka (Istanbul) and partners Sait Eryılmaz (Istanbul) and Nikolai Eatwell (Paris), with support from Melisa Mengü (Istanbul) and Işıl Acar (Istanbul).

Press contact: Çiğdem Göksu

Clifford Chance advises PICC and China Re on share issuances under China's financial sector recapitalisation programme

Wed, 30 Sep 2026 09:11:00 GMT

PICC issued A shares to the Ministry of Finance of the People’s Republic of China (Ministry of Finance), raising gross proceeds of RMB15 billion. The Ministry of Finance subscribed in cash for all shares issued. After deducting the relevant issuance expenses, the net proceeds will be used entirely to replenish PICC’s capital.
China Re issued domestic shares to the Ministry of Finance, raising gross proceeds of RMB3 billion. The Ministry of Finance subscribed in cash for all shares issued. After deducting the relevant issuance expenses, the net proceeds will be used entirely to increase China Re’s core Tier 1 capital.

The two transactions form part of the recent capital replenishment programme for central state-owned financial institutions. Through the issuance of RMB300 billion in special government bonds, the Ministry of Finance in China is supporting eight central state-owned financial institutions, including PICC and China Re, to replenish their core Tier 1 capital and further strengthen their operational resilience, risk-bearing capacity and ability to serve the real economy.

Chair of China Practice and the lead partner on both transactions, Tim Wang said, “Our substantial involvement in these high-profile transactions demonstrates our capability in advising on significant and complex transactions involving major state-owned and central enterprises.”

The team advising PICC included counsel Jing Jing, trainee solicitor Carson Lin* and legal analysts Wang Fei and Sun Xuan.

The team advising China Re included counsel Cai Yuanyuan and associate Wang Zhao.

Clifford Chance previously advised capital replenishment initiatives of major Chinese banks such as Postal Savings Bank of China and China Construction Bank on the issuance of A-shares totalling RMB235 billion.

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

Press contact: Fenix Wong

Clifford Chance advises Covage Infra Concessions Holding and Covage Infra Concessions on hybrid debt refinancing

Tue, 29 Sep 2026 09:43:00 GMT

CIC is a French wholesale telecommunications operator and part of the Altitude group, providing fibre-to-the-office (“FTTO”) services to businesses across France.

CIC is a French wholesale telecommunications operator and part of the Altitude group, providing fibre-to-the-office (“FttO”) services to businesses across France.

The refinancing comprises seven-year bank term loans with variable and fixed-rate tranches. It will support the continued development of CIC’s FttO network and refinance CICH’s existing debt with Schroders, as well as CIC’s debt with various senior lenders.

The finance parties comprised Arkéa, Auxifip, La Banque Postale and MUFG as lenders under the variable-rate term loans; Edmond de Rothschild as lender under the fixed-rate term loan; Arkéa, Crédit Agricole, Crédit Lyonnais, La Banque Postale and MUFG as hedging banks; and La Banque Postale as agent and security agent.

Paris partner Paul Loisel led the Clifford Chance team and was supported on the financing aspects by associates Leopoldo Luyten de Alvear, Thomas Launay and Inès Elkhettar. Senior counsel Fabien Jacquemard, as well as associate Santiago Ramirez,advised on the hedging aspects. The wider team included counsel Rémy Lefebvre and associate Adrianna Gelbert on tax, and senior counsel Sophie Guilhem-Ducléon on regulatory matters.

Virellian Partners acted as financial adviser to CIC, alongside Noveo Finance as hedge adviser. A&O Shearman acted as legal adviser to the finance parties.

Press contact: Lydia Persico

European battery supply chain: Clifford Chance advises Volkswagen Group on strategic expansion of battery partnership between PowerCo and Gotion

Tue, 29 Sep 2026 08:52:00 GMT

At the core of the transaction is the establishment of three joint ventures at the Valencia, Spain, Šurany, Slovak Republic, and Kenitra, Morocco sites.

The international Clifford Chance team was led by partner Jörg Rhiel and included senior associate Felix Groppenbächer, of counsel Frank Scholderer (all Corporate/M&A, Frankfurt), partner Thomas Voland and senior associate Laura-Isabell Dietz (both Corporate/Regulatory, Düsseldorf), partner Holger Lutz, counsel Michael Kümmel and associate Stephanie Giek (all Commercial Contracts, Frankfurt), partners Dominik Engl and tax consultant Leonie Gebauer (both Tax, Frankfurt and Munich), partner Bettina Steinhauer and partner (Germany) Christoph Nensa (both Debt Finance, Frankfurt), partner Nicolas Cookson (Project Development, Finance, Düsseldorf), counsel Amrei Fuder (Real Estate, Frankfurt), partner Claudia Milbradt, counsel Nicolas Hohn-Hein, associate Yannick Dabie (all IP, Düsseldorf).

Furthermore, the firm's global team comprised partner Guillermo Guardia (Corporate, Barcelona), partner Pablo Serrano de Haro and counsel Fernando Escribano (both Tax, Madrid), partner Frédéric Giancarli, associate Aolaia Snaiba (both Corporate, Casablanca); partner Michal Jasek (Corporate/M&A), senior associate Simona Rapavá (Finance) and junior lawyer David Herich (all Prague); partner Edward Bretherton, senior associate Tom Pemberton (both Real Estate, London), partner Valerie Kong, senior associate Lewin Lim (both Corporate, Singapore) as well as partners Kelly Gregory (Corporate), Julia Peng (Disputes, both Shanghai) and counsel Fang Bao (Corporate, Beijing).

Inhouse advice at Volkswagen Group was provided by Tim Jonas Haack and Sina Becker.

Press contact: Nadja Fersch

Clifford Chance advises on US$200 million syndicated loan for Aura Minerals

Mon, 28 Sep 2026 14:26:51 GMT

The Clifford Chance team was led by São Paulo partner Anja Pfleger Andrade, with support from international associate Pedro Henrique Natucci Barreiros and trainee Valerie Lee.

Clifford Chance advises on £2.45 billion portfolio financing for VIRTUS Data Centres

Mon, 28 Sep 2026 10:30:00 GMT

Debt Finance partner Matt Dunn commented: “We are delighted to have supported VIRTUS Data Centres and its lenders on this landmark refinancing. This transaction reflects the increasing use of long-term flexible portfolio financing terms to replace existing debt and provide capacity to fund the development of new data centres."

The multi-practice team was led by Debt Finance partner Matt Dunn working closely with senior associate Kuan Yue Lim. The wider team included advice from the firm’s real estate, environment and planning, construction, tax and derivatives groups.

Click here to find further details on the transaction: VIRTUS SECURES £2.45 BILLION FINANCING PACKAGE TO SUPPORT CONTINUED GROWTH

Press contact: Emma Cessford

Clifford Chance appoints Jonathan Chu as Head of Intellectual Property for Asia Pacific

Mon, 28 Sep 2026 07:42:00 GMT

Jonathan is an intellectual property (IP) specialist with extensive experience advising on the IP aspects of complex corporate transactions, investments and commercial arrangements across Asia Pacific, including Greater China, as well as supporting regional clients on their international expansion.

Recognised by leading legal directories including Chambers and Legal 500, Jonathan brings deep experience across the full spectrum of IP matters, including prosecution, IP due diligence, licensing, technology transfer and commercialisation, as well as enforcement and disputes. His work frequently supports M&A, capital markets transactions and cross-border investments, helping clients manage value and risk associated with their IP assets.

Jonathan advises clients across Asia Pacific in sectors including consumer products, technology, life sciences and healthcare, media and entertainment, gaming, automotive and mobility, and clean energy. He also advises on matters at the intersection of IP and emerging technologies, including artificial intelligence, robotics and digital assets, supporting clients on the commercial, regulatory and IP considerations arising from these technologies.

Dauwood Malik, Hong Kong Office Managing Partner, commented: “We are delighted to welcome Jonathan to Clifford Chance. Intellectual property is central to how transactions are structured, valued and executed. Jonathan’s experience advising on the IP aspects of complex deals will significantly strengthen our support for our clients across Asia Pacific.”

Jonathan Chu added: “Clifford Chance has a leading global platform and strong momentum in Asia Pacific. I look forward to working with colleagues across the firm to deliver an integrated offering across complex transactions, disputes and commercial advisory where intellectual property is central to value and strategy.”

Stephen Reese, Head of global intellectual property group at Clifford Chance, added: “We are delighted to welcome Jonathan to our global IP practice, and his leadership in continuing to build our IP practice in Asia Pacific. His extensive sector experience will enhance our ability to support clients across the region on their most critical transactional and contentious matters, particularly where IP is central to those mandates.”

Press contact: Madhu Mirpuri

Clifford Chance advises on US$209 million senior secured refinancing for Ransa group

Fri, 25 Sep 2026 16:12:10 GMT

The proceeds will be used to refinance certain existing indebtedness, including the full repayment of outstanding indebtedness owed to the International Finance Corporation, and to fund general corporate purposes, supporting the company's growth strategy and regional consolidation.

The team was led from Washington, DC by counsel Alberto Haito with support from foreign law clerk Casilda Caso.

Clifford Chance advises Mehler Systems on Craig International Ballistics acquisition

Thu, 24 Sep 2026 10:09:00 GMT

CIB is a leading supplier of ballistic protection to the Australian Defence Force and Police Forces, including ballistic protection panels, armoured vehicles, structural armour, tactical shields and body armour.

Mark Currell, Managing Partner, Australia said: “This transaction reflects the increasing role of private equity in the Defence sector and demonstrates the strength and depth of Clifford Chance’s capabilities in both Private Equity and Defence and our ability to bring together the right people across our global network, working seamlessly across borders and disciplines to deliver for our clients.

Having advised Deutsche Private Equity on its acquisition of a majority interest in Mehler Systems in 2020, it is particularly pleasing to now be working with Mehler Systems as it takes this next step in its expansion. This marks an important stage in the company’s growth and reflects the strength of the platform.”

Mark Currell, Managing Partner, Australia, and senior associate Liam Higgins led the multijurisdictional deal team, with support from Nicole Englisch, Managing Partner, Munich.

The core deal team included associates Kingsley Duru and Michelle Ma, and law graduates Jacob Bible and Muskan Jain.

Partner Clancy King and senior associate Paul Bonjour advised on employment matters while Partner Elizabeth Richmond and senior associate Sam Frouhar advised on foreign investment regulatory matters.

Media contact: Danielle Shaw

Clifford Chance drives global private capital growth with leveraged finance partner hires

Wed, 23 Sep 2026 10:44:37 GMT

Taner is one of the market’s most experienced leveraged and infrastructure finance lawyers. He advises private equity houses on a broad range of financing transactions, including leveraged and infrastructure finance buyouts and sales, public takeovers, mergers, joint ventures, IPOs, restructurings and refinancings. He also advises portfolio companies on a wide range of financing matters.

Taner will rejoin Clifford Chance as a partner based in London, from Paul Weiss where he was most recently Head of European Leveraged Finance.

Silvia advises sponsors, borrowers and financial institutions on leveraged and infrastructure finance transactions across European and international markets. Qualified in England and Wales, Spain and New York, she brings strong global client relationships, broad product experience and the ability to advise across jurisdictions.

Silvia will join Clifford Chance as a partner , having previously practised in the firm’s London officebefore joining Paul Weiss Her appointment adds to the firm’s European leveraged finance capabilities and the support available to clients on cross-border matters.

The appointments continue Clifford Chance’s investment in global private capital, focused on areas where clients need increasing depth and international reach.

Clifford Chance’s Private Capital partners work closely across practices and markets, bringing top-tier transactional and financing expertise together throughout the investment lifecycle. Clients can draw on joined-up advice across M&A, leveraged and infrastructure finance, private credit, equity, funds, portfolio matters, refinancings, restructurings and exits.

Emma Matebalavu, Global Head of Debt Finance, comments:
“Our strategy remains clear: we are growing our global Private Capital offering with exceptional lawyers who will work collaboratively to continue to deliver excellent service for our clients. Taner and Silvia are outstanding additions, bringing deep expertise, strong client relationships and practices that complement our own. We are delighted to welcome them back to Clifford Chance.

Taner Hassan comments:
“I know first-hand the calibre of Clifford Chance and, above all, its people. The firm has built an exceptional global Private Capital offering, bringing together deep M&A, transactional and financing expertise, which combined with unrivalled international reach, delivers outstanding results for clients. I’m delighted to be rejoining the firm and very much look forward to contributing to its continued success.”

Silvia Menendez comments:
“I am excited to be returning to Clifford Chance. As Private Capital becomes increasingly global and complex, clients need advisers who can understand the full picture while navigating the detail of transactions. I am looking forward to supporting clients throughout the investment lifecycle, from origination and financing through to exit, helping to consistently deliver successful outcomes.”

Following the appointments of Taner and Silvia, Clifford Chance will have welcomed nine global private capital lateral partners so far in 2026. The senior hires span New York, London, Paris, Madrid, Düsseldorf and Luxembourg and include Michal Netanyahu, Charles B. Tanenbaum, Christopher Phillips-Hart, Matthias Kerbusch, Patrick Tardivy, Paul Loisel and most recently Thyl Hassler.

Press contact: Sonia Malhotra-Denny

Clifford Chance advises China Three Gorges on RMB-denominated financing from New Development Bank for Serra da Palmeira wind project in Brazil

Wed, 23 Sep 2026 09:45:00 GMT

NDB is a multilateral development bank headquartered in Shanghai. It is established by Brazil, Russia, India, China and South Africa to mobilise resources for infrastructure and sustainable development projects in emerging markets and developing countries.

The financing supports CTG's continued investment in renewable energy in Brazil and represents a further example of the use of RMB-denominated financing for overseas renewable energy projects.

Partner Vicky Ma commented: "We are delighted to have supported CTG on this important cross-border financing. The transaction brings together RMB-denominated funding, Chinese investment and multilateral financing to support renewable energy development in Brazil. It highlights the growing role of RMB financing as a source of capital for international energy and infrastructure investments."

The Clifford Chance team was led by Vicky with support from senior advisor Yi Wang (Luxembourg) and associate Patrick Lam (Hong Kong). Partner Patrick Jackson (São Paulo) also assisted on the transaction.

Press contact: Madhu Mirpuri

Clifford Chance advises banking syndicate on RWE's U.S. dollar green bond

Wed, 23 Sep 2026 08:03:00 GMT

In the Rule 144A U.S. offering, RWE successfully placed its green U.S. dollar bond with a total volume of U.S.$1.5 billion. The bond was issued in two tranches of U.S.$750 million with 5-year tenor and U.S.$750 million with 10-year tenor, respectively. This is RWE’s third green bond placement outside Europe.

The Clifford Chance team advised a syndicate of banks comprising BofA Securities, Inc., BBVA Securities Inc., Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., Intesa Sanpaolo IMI Securities Corp., Mizuho Securities USA LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC and SMBC Nikko Securities America, Inc.

The proceeds of the bonds will be used to finance or refinance eligible green projects in accordance with RWE AG's Green Financing Framework, which covers investments in renewable energy generation and storage as well as hydrogen production and storage.

The cross-jurisdictional Clifford Chance team was led by capital markets partner George Hacket (Frankfurt). The core team comprised counsel Andrei Manea and senior associate Gordana Golubic-Huertas (all Frankfurt). Furthermore, partner Cristina Freudenberger and transaction lawyer Felicitas Fisher (all Frankfurt) advised on German law aspects of the offering. Advice was also provided on tax matters by partner Avrohom Gelber and associate Milica Pavlovic (both New York) as to US tax.

Press contact: Nadja Fersch

Clifford Chance advises Superior Energy Services on its agreement to acquire Welltec International

Tue, 22 Sep 2026 16:31:00 GMT

Welltec is a global provider of proprietary robotic, wireline-conveyed well intervention solutions and metal expandable packer (MEP) technologies for wellbore intervention and completions. It operates globally in more than 50 countries across major oil and gas producing regions and serves a broad base of international and national energy company customers.

Superior serves the drilling, completion, and production-related needs of oil and gas companies through a diversified portfolio of specialized oilfield services and rental equipment used throughout the lifecycle of oil and gas wells. In addition to operations in North America, both on land and offshore, Superior operates in over 55 countries internationally.

Houston partner Jonathan Bobinger commented, "We are delighted, together with counsel across the globe and with Evercore, as financial advisor, to be supporting the exceptional Superior team on its agreement to acquire Welltec, an important step in Superior's ongoing strategy. Congratulations to the Superior and Welltec teams and all involved."

Bobinger led the global, multi-practice team, with support from partners Steven Fox (London) and David Sweeney (Houston), counsel Joshua Bernard (Houston), associates Austin Johnson, Shayan Junaid, Shaq Taylor, Ella Chen and Francisco da Silva and law clerk Mary Angela Ricotta. The transaction involved lawyers across global practice groups, including Corporate Transactions & Advisory, Private Equity, Capital Markets, Antitrust and Trade, Debt Finance, Structured Finance, Real Estate and Tax, Pensions, Employment and Incentives, in collaboration with local counsel throughout relevant jurisdictions.

Closing of the transaction remains subject to customary closing conditions, including receipt of applicable regulatory approvals.

Press Contact: Maria Arnone

Clifford Chance advises on US$100 million financing for River Plate football stadium in Argentina

Tue, 22 Sep 2026 16:31:00 GMT

The financing will be used to support the stadium's expansion (by increasing spectator capacity to 100,000–101,000, improving acoustics, and extending the facility's lifespan), finance the construction of a roof structure to improve the fan experience and dampen noise emissions for the surrounding neighborhood, and fund the expansion of the River Plate Institute school building and Casa River (the youth residence and development center).

"I feel truly privileged for the opportunity to support the expansion plans of one of the largest football clubs in Latin America," said partner Fabricio Longhin, who led the Clifford Chance team on this transaction. "This one is really close to my heart," he added.

The revenues generated by the stadium's expansion will be contractually linked to education, scholarships, women's sports, and community infrastructure, and River Plate will allocate at least 25% of those revenues to additional scholarships and the development of additional sports and social infrastructure.

The team was led by partner Fabricio Longhin, supported by associates Alejandro Leon, Douglas Mulliken and Genevieve McCarthy.

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

Tue, 22 Sep 2026 09:56:00 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, 2032 and 2033.

The proceeds of the offering will be used to partially repay the remaining outstanding principal amount of its Senior Notes due 2027. Concurrently with this Offering, Avolta has successfully completed a Tender Offer to purchase up to EUR 350 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.

Clifford Chance's cross border team advising on the bond issuance and tender offer was led by London partner, Michael Dakin, Yash Ranade (senior associate) and Saherish Surani (associate). London partner Paul Deakins advised on English law matters on the tender offer.

Press contact: Chanelle Mutawe