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Clifford Chance advises Luxinva on the voluntary public takeover offer of QIAGEN NV

Thu, 22 Oct 2026 08:19:00 GMT

Global law firm Clifford Chance is advising Luxinva S.A., a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), as indirect co-investor alongside EQT XI Fund ("EQT Private Equity") and CPP Investment Board Europe Inc., a wholly-owned subsidiary of CPP Investments, in connection with the intended voluntary public takeover offer for all registered ordinary shares in QIAGEN N.V. ("QIAGEN").

QIAGEN and Crown NL Bidco BV, a holding company which is controlled by EQT Private Equity, have entered into a Business Combination Agreement regarding an all-cash public takeover offer for all outstanding shares in QIAGEN at an offer price of €46.50 per share, a premium of about 40.3% to the unaffected share price. The transaction values QIAGEN at approximately €10.8 billion in enterprise value (approximately US$12.1 billion at current exchange rates, including approximately US$1.1 billion of net debt).

The transaction is subject to certain conditions agreed in the Business Combination Agreement and to be set out in the Offer Document.

QIAGEN, headquartered in Venlo, Netherlands, is a scientific global leader specializing in technologies for molecular diagnostics, life-science tools, and bioinformatics. The company serves more than 500,000 customers worldwide across molecular diagnostics, applied testing, pharma, and academia.

The multijurisdictional Clifford Chance core team consisted of partners Thomas Krecek (Frankfurt), Christian Vogel (Düsseldorf), Dominik Heß (Düsseldorf), Samuel Frommelt (Munich; all Corporate/M&A), Bruce Embley (Private Equity, London) and Lynn Ammar (Corporate/M&A, Abu Dhabi) as well as senior associates Lennart Göbel (Corporate/M&A, Düsseldorf), Mhairi Cruickshank, Cari Sweeney (both Corporate, Dubai), and Marie Möllering (Corporate, Frankfurt), as well as associates Olga Filmanovic (Private Equity, London), Marie Burckhardt and Mona Fuchs (both Corporate, Munich).

Amsterdam-based partners Jan-Hendrik Horsmeier (Corporate) and Ernst van der Touw (Private Equity) and senior associate Femke Buijs (Corporate) advised on Dutch law aspects.

Partners Dimitri Slobodenjuk (Düsseldorf) and Philipp Girardet (London), senior associate Hendrik Kühn and associate Patricia Trapp (both Düsseldorf) advised on antitrust matters. The tax team comprised partners Richard Kalaher (London), Dominik Engl (Frankfurt) and Michiel Sunderman (Amsterdam) as well as associates Paul Harrington, Alfie Futerman and Angel Chun (all London), Alec Sanderson (Amsterdam) and Tali Lee (New York). Partner Axel Wittmann (Frankfurt), partner Stefanie Ferring and associate Thiébaud Lohisse (both Luxembourg) provided additional support in connection with certain capital markets and transactional aspects.

Press contact: Nadja Fersch

Clifford Chance advises on MUFG's inaugural Australian dollar AT1 issuance

Thu, 22 Oct 2026 04:00:00 GMT

The transaction represents MUFG's inaugural Australian dollar-denominated AT1 issuance, broadening the group's funding sources and investor base.

The Clifford Chance team was led by Matthew Ball and supported by Xavier Chan in Tokyo. Cameron Dwyer and Stef Yakubova in London and Avrohom Gelber and Gil Shauly in New York advised on tax aspects.

Matthew Ball said, "We are delighted to support MUFG on this transaction, which highlights the opportunities available to Japanese issuers seeking to reach new investor bases. As an offering of AT1 securities governed by English law by a Japanese bank, the transaction marks an important milestone in the development of cross-border capital markets in Asia Pacific."

This transaction builds on Clifford Chance's longstanding relationship with MUFG. Most recently, the firm advised MUFG on the expansion of its structured notes business, which broadened the group's product offering and access to international investors.

Media contact: Fenix Wong

Clifford Chance advises Tristan Capital Partners on sale of Berlin property

Wed, 21 Oct 2026 13:21:00 GMT

Engeldamm 12-24 comprises three existing residential buildings as well as vacant plots with potential for further residential development. Plans previously publicised for the property envisage the construction of 122 additional residential units.

The property formed part of the portfolio of Tristan Capital Partners’ value-add fund EPISO 5, which acquired it in 2020 through the acquisition of Berlin-based real estate company Industrie und Handel Aktiengesellschaft für Vermögensverwaltung.

The Clifford Chance team advising Tristan Capital Partners consisted of Partner Philipp Stoecker and Associate Robin Molitor (both Real Estate, Frankfurt).

Press contact: Nadja Fersch

Clifford Chance advises MTN Group on strategic partnership to accelerate AI-ready digital infrastructure across Africa

Wed, 21 Oct 2026 11:01:00 GMT

The partnership will pursue future digital infrastructure opportunities through Africa Data Hub Holding Limited, with an initial focus on South Africa and Nigeria. The transaction – between Bayobab, MTN's digital connectivity business, and the UAE-based investment platform - represents a significant milestone in MTN Group's Ambition 2030 strategy and supports growing demand for cloud computing, artificial intelligence workloads and digital services across the continent.

Jennifer Chimanga, partner and TMT Sector Co-Lead at Clifford Chance, commented:

"The rapid growth of artificial intelligence, cloud adoption and digital innovation is driving unprecedented demand for sophisticated digital infrastructure across Africa. This partnership brings together complementary infrastructure, investment and operational expertise that will help accelerate the development of AI-ready digital infrastructure platforms and support the continent's next phase of digital transformation. Congratulations to MTN Group on this strategically important transaction."

The Clifford Chance team was led by Jennifer Chimanga supported by senior associates Hudson Archer, Lourenco Limão Oliveira and associate Kamryn Rana, with UAE support from M&A Legal Director Gareth Dray and senior associate Noor AlKooheji.

Click here to find out more: MTN Group advances Africa's AI-ready digital infrastructure ecosystem through strategic partnership |

Press contact: Emma Cessford

Clifford Chance advises Vattenfall on battery storage tolling agreement with Royal Vopak

Wed, 21 Oct 2026 10:57:00 GMT

Under the agreement, Vattenfall will have access to 100 MW / 400 MWh of battery storage capacity, helping to balance fluctuations in electricity supply and demand.

Vopak will develop and operate the battery energy storage system, which will have a total capacity of 150 MW and a storage duration of four hours. Commercial operations are expected to begin in the second quarter of 2028.

The agreement supports Vattenfall’s goal of contracting at least 1.5 GW of battery capacity across its core markets and Vopak's expansion into electrical energy storage infrastructure. Read more about the transaction here.

The Clifford Chance team consisted of associate Niels Kuil, partner Liesbeth Buiter and senior associate Johanneke Butijn.

Press contact: Iva Celic

Clifford Chance advises Carrefour on its proposed acquisition of Codifrance from Colruyt Group

Wed, 21 Oct 2026 08:29:00 GMT

Codifrance is a leading French player specialising in affiliation and convenience food distribution, supplying approximately 3,100 customers across France. The company employs approximately 380 people and generated revenue of €307 million in the 2025/26 financial year. The transaction values Codifrance at an enterprise value of €152 million.

The proposed acquisition forms part of the Carrefour 2030 strategic plan, which notably aims to continue growing Carrefour’s convenience business and pursue selective acquisitions of high-value assets. The transaction would strengthen Carrefour’s leadership in the convenience segment in France and further enhance its ability to support independent retailers, leveraging Codifrance’s customer base, logistics infrastructure and teams’ expertise.

Completion of the transaction remains subject to completion of the information and consultation process with the relevant employee representative bodies, as well as approval by the French competition authority. Completion is expected during the first half of 2027.

The Clifford Chance team comprises Marianne Pezant (Partner) and Adeline Nayagom (Counsel) on the M&A aspects, as well as David Tayar (Partner) and Clémence Carlier (Counsel) on the antitrust aspects.

Press contact: Lydia Persico

Clifford Chance advises Aligned Climate Capital on ~US$387 million financing for 126 MW solar portfolio

Mon, 19 Oct 2026 15:50:00 GMT

The financing was led by Apterra Infrastructure Capital, an affiliate of Apollo Global Management, and is backed by a lender syndicate made up of BankUnited, Stifel, Banco de Crédito e Inversiones (Bci), Amalgamated Bank, Farmer Mac, BTG Pactual and Siemens.

The Clifford Chance team was led by partner Alex Leff in Houston and associate Henry Myers in New York, with support from associates Elbert Belk, Adele Irwin, Trumond Best, Hyde Kwan, Julian Pozza and Luis Sierra-Garriga.

Press contact: Maria Arnone

Clifford Chance advises GD Towers on its €1 billion debut public bond

Thu, 15 Oct 2026 11:48:00 GMT

GD Towers is the first tower company in continental Europe to issue a public bond under a common terms financing platform. The bonds rank alongside the bank facilities and private placement notes under the platform and were listed on the Euro MTF market of the Luxembourg Stock Exchange. The proceeds are used to partially refinance GD Towers’ existing term loan facility under the platform. The transaction was launched and priced on 8 October 2026 and settled on 15 October 2026.

GD Towers is a full-service provider of passive infrastructure and acquires, plans, realizes, operates and markets radio sites throughout its wholly-owned subsidiaries “Deutsche Funkturm” in Germany and “TOWERS Infra Austria” in Austria. Its portfolio includes towers, masts, rooftop sites and small cells. Since 2023, it has been jointly owned by Deutsche Telekom, DigitalBridge and Brookfield Asset Management.

Clifford Chance had already advised GD Towers on the establishment of the common terms financing platform in November 2025 and on its €2.5 billion private placement in December 2025. For the debut bond, the team combined its German and English law capital markets expertise with its knowledge of the platform documentation. Clifford Chance also advised GD Towers on the establishment of its capital markets compliance framework (MAR) ahead of the listing.

The Clifford Chance team was led by partner Axel Wittmann (Capital Markets) and included partners Simon Reitz (Debt Finance) and George Hacket (Capital Markets), partner (Germany) Christoph Nensa (Debt Finance) and partner Cristina Freudenberger, counsel Henrik Gildehaus and Andrei Manea (all Capital Markets), senior associate Nico Köhler (Debt Finance), associate Lara Esser and transaction lawyers Felicitas Fischer and Lilli Neubauer (all Capital Markets, all Frankfurt). From Clifford Chance's London office, partner Matteo Sbraga, senior associate John Thomson and associate Bailey James (all Capital Markets) supported the team.

Advice was also provided on tax matters by partner Olaf Mertgen and counsel Steffen Waadt and on employment and pensions matters by partner Ines Keitel and special counsel Nicole Engesser Means (all Frankfurt).

The GD Towers inhouse team leading the transaction included Head of Treasury Volker Hoffarth, General Counsel Felix Müller, Senior Legal Counsel Pamela Victoria Schaarschmidt, Head of Accounting Methods and Consolidation Nicole Morgenstern and Senior Expert Treasury Marc Blümel.

Press contact: Lisa Trager

Clifford Chance advises on Transsion's Hong Kong IPO and listing

Thu, 15 Oct 2026 07:58:00 GMT

Chair of China Practice and partner Tim Wang co-led the transaction with partners Virginia Lee, Jean Thio and Janet Fok with support from Agatha Shen, Ryan Ho, Francine Chang, Veronica Liu, Hester Choi, Yvonne Zhu, Natalie Tse, Patrick Zhang, Mia Jin, Jay Lee, Pascal Chan, Chunqin Li and Vivian Li.

Transsion is a leading provider of smart devices and mobile internet services in emerging markets, with mobile phone brands including TECNO, Infinix and itel. It is ranked first in Africa by mobile phone sales volume in 2025.

Clifford Chance has advised on the listings of several companies in China's technology sectors, including the listings of ESWIN Computing, Nexchip and Mobvoi.

Press contact: Fenix Wong

Clifford Chance advises Grenergy on US$457 million financing for Oasis de Atacama platform in Chile

Wed, 14 Oct 2026 08:24:00 GMT

The financing includes Algarrobal, the fifth phase of Oasis de Atacama, with 242 MW of solar capacity and 1.5 GWh of energy storage, as well as the Palmas cluster, comprising 21 distributed generation solar projects in Chile and the hybridization of six of them, totalling 204 MW of solar capacity and 289 MWh of energy storage.

The financing was coordinated and underwritten by BNP Paribas, with the participation of an international pool of banks, including BBVA, J.P. Morgan Chase Bank, MUFG Bank, Santander, and The Bank of Nova Scotia.

The cross-border Clifford Chance team was led in Madrid by partner José Guardo and counsel Eduardo Sánchez, with the support of senior associates Ángel Muñoz and Pablo Cancelo and associates Yago López and Asier Vivanco. Partner Fabricio Longhin led the Americas team, including associates Alejandro León, Joyce Moore and Genevieve McCarthy.

Press contact: Iva Celic

Clifford Chance advises lenders on €1.5 billion refinancing of Rheinmetall AG's revolving credit facility

Tue, 13 Oct 2026 13:30:00 GMT

The new syndicated credit facility replaces the existing facility and will be available to Rheinmetall for general corporate purposes. Rheinmetall has doubled the volume of the existing facility from €750 million to €1.5 billion while strategically realigning its core banking group and adding further international banking partners. The transaction provides the company with additional financial flexibility to support its continued growth trajectory.

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

Press contact: Lisa Trager

Clifford Chance asesora a Azora en el cierre del mayor fondo inmobiliario para el sur de Europa

Tue, 13 Oct 2026 08:38:36 GMT

El equipo transfronterizo de Clifford Chance estuvo liderado por el socio Ildefonso Alier, con el apoyo de la asociada senior Marina Naydenov, los asociados José Loring y Sara López-Viejo y el counsel Roberto Grau. El equipo de derecho luxemburgués estuvo liderado por la socia Maren Stadler-Tjan.

Press contact: Iva Celic

Clifford Chance advises Jardine Matheson on acquisition of full ownership of Gammon Construction

Tue, 13 Oct 2026 04:28:00 GMT

Headquartered in Hong Kong, Gammon Construction is a leading construction and engineering company that delivers major projects across Hong Kong, Singapore and the wider region, including transport, energy and education infrastructure, data centres, grade A office, retail and luxury integrated resorts and residences. Jardines has been an investor in Gammon Construction since 1969, and the company has operated as a 50:50 joint venture between Jardines and Balfour Beatty since 2004.

For more details about the transaction, see Jardines' announcement.

The Clifford Chance team was led by partner Bryan Koo, and includes:

M&A: Counsel Ryan Wong, senior associate Declan Ng and trainee solicitor Kristy Lam;
Technology: Counsel Brian Harley and associate Chris Peng; and
Antitrust: Partner Bai Yong, counsel Dayu Man and associate Hendrik Coppoolse.

Media contact: Fenix Wong

Clifford Chance advises the Caisse des Dépôts group on a €400 million bond issuance to finance the acquisition of stakes in ATMB and SFTRF

Mon, 12 Oct 2026 13:41:00 GMT

The proceeds have been used to finance part of the acquisition from the French State of approximately 67.30% of the share capital and voting rights in Autoroutes et Tunnel du Mont Blanc (ATMB) and 99.94% of the share capital and voting rights in Société Française du Tunnel Routier du Fréjus (SFTRF). The bonds are admitted to trading on Euronext Paris.

The Clifford Chance team was led by partners Cédric Burford and Auriane Bijon and included senior associate Baya Hariche and associate Santiago Ramirez who advised on the capital markets aspects, and partner Jean-Baptiste Merigot de Treigny who advised on the public law aspects.

Gide advised La Banque Postale and Nomura Financial Products Europe GmbH as joint lead managers on the issuance.

Press contact: Lydia Persico

Clifford Chance advises ABDA – Federal Union of German Associations of Pharmacists and the German Institute for Drug Use Evaluation (DAPI) on internal restructuring

Fri, 09 Oct 2026 08:39:00 GMT

The project involved comprehensive legal advice on corporate restructuring, tax, healthcare regulatory and data protection matters. Clifford Chance initially supported ABDA and DAPI in analysing and evaluating various restructuring options and subsequently assisted with the implementation of the selected target model. Throughout the process, the team provided comprehensive, interdisciplinary support across all stages of the project.

The Clifford Chance team was led by partner Gunnar Sachs (Corporate/Healthcare & Life Sciences, Düsseldorf) and included partner (Germany) Annette Röhder, and associate Friederike Anna Fisch (both Corporate, Frankfurt), senior associates Marlene Kießling and Manuela Steininger (Corporate/Healthcare & Life Sciences), and counsel Cord von Mandelsloh (Tax, all Düsseldorf).

At ABDA and DAPI, the project was led by Ferdinand Ostrop (Managing Director of DAPI) and Emanuel Schmidkonz (Legal Counsel at ABDA, the Federal Union of German Associations of Pharmacists).

Press contact: Nadja Fersch

Clifford Chance advises on ESWIN Computing's Hong Kong IPO and listing

Fri, 09 Oct 2026 00:25:00 GMT

ESWIN Computing is a China-based semiconductor company focused on RISC-V, a next-generation computing architecture characterised by its open, modular, scalable and power-efficient design. Operating under a fabless business model, the company develops semiconductor products and software solutions for smart devices, automotive, robotics and industrial applications.

Chair of China Practice Tim Wang said, "It's an exciting time for the semiconductor sector, as advances in computing, artificial intelligence and connected technologies continue to drive innovation and investment. Companies like ESWIN Computing are helping to shape the next generation of computing, and their success reflects the growing value investors place on proprietary technology, strong ecosystems and long-term innovation."

Tim co-led the transaction with Virginia Lee, Fang Liu and Claire Cao, with support from Haoze Zheng, Yuanyuan Cai, Freeda Li, Yuqing Liu, Yuanyang Li*, Julie Luo, Zhongxiao Cong, Qianqian Bai, Lihao Ma, Andy Jiang and Wen Wang.

Clifford Chance has advised on a number of landmark listings in China's semiconductor and technology sectors, including Nexchip, Axera, Montage Technology, GigaDevice and InnoScience.

* 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.

Media contact: Fenix Wong

Clifford Chance advises Deutsche Bank and Standard Chartered on £603 million UK logistics CMBS

Thu, 08 Oct 2026 14:48:00 GMT

The cross-practice team was led by Partner Will Sutton, with support from Senior Associate Neelasha Nemani and Associate Joanie Halliday. Alongside them, Partner Matt Lyons advised on US securities law aspects, Partner Jemma Dick and Director Gordon Hopkinson advised on UK tax aspects, Partner Avrohom Gelber and Counsel Michaela Morr advised on US tax aspects, Partner Paul Koppel advised on ERISA matters and Partner Ian Painter on real estate matters. Partner Bruce Kahl and Senior Associate Andrew Whelan advised Deutsche Bank in its agent and trustee roles.

Press contact: Sonia Malhotra-Denny

Clifford Chance advises lenders on USD $436 million financing for Niat and Rasgha wind farm projects in Egypt

Thu, 08 Oct 2026 14:37:26 GMT

The project involves the design, construction and operation of two onshore wind farms with a total capacity of 500MW, each located in the Gulf of Suez, Ras Ghareb, Egypt, and being developed by Niat for Wind Energy S.A.E. and Alcazar Rasgha for Energy S.A.E. respectively, special purpose vehicles established by Alcazar Energy Partners II.

Together, the projects will comprise 100 wind turbines, each with a capacity of 5 MW and supporting infrastructure. Once fully operational, the projects are estimated to generate up to 2.5 TWh of clean electricity a year. The projects are expected to contribute significantly to Egypt's Vision 2030 and Integrated Sustainable Energy Strategy 2035, supporting the country's commitment to reach 42% of electricity generation from renewable sources by 2030.

Partner Milica Zatezalo-Falatar led the transaction, with Marie Badr, Maxence de Rouville, Nour Fakhoury and Scott Dickson. Fabien Jacquemard and Santiago Ramirez advised on the hedging aspects. Ed Bretherton, Jonathan Forrest and Harriet O’Hare advised on the construction aspects. Bruce Kahl and Struan Murray advised on the agency aspects.

This transaction further strengthens Clifford Chance's market-leading experience advising lenders, sponsors and investors on complex renewable energy and infrastructure projects in Egypt, across the MENA region and emerging markets.

Press contact: Lydia Persico

Clifford Chance advises managers on Principality of Andorra's €500 million sustainability bonds issuance

Thu, 08 Oct 2026 10:35:00 GMT

This issuance marks the Principality of Andorra's return to the primary capital markets since 2022.

The Principality of Andorra plans to use the proceeds to finance or refinance, in whole or in part, eligible green and social expenditures in accordance with its Green, Social and Sustainability Bond Framework.

The cross-border Clifford Chance team was led by partner Antonio Henriquez and senior associate Anna Buscaglia, with the support of associates Enrique Pais and Alejandro Gómez-Coronado. The Luxembourg law team was led by partner Marc Mehlen and counsel Antonio Arenas Torres, with the support of associate Céline Haddad.

Press contact: Iva Celic

Clifford Chance advises Swiss Re on landmark facility backed by issuance of Pre-Capitalized Trust Securities

Thu, 08 Oct 2026 10:25:00 GMT

The issuance marks a significant milestone as the first P-Caps transaction by a European reinsurance and IFRS reporting company and the first to provide for the issuance of subordinated debt intended to qualify as Tier 2 capital.

Michael Dakin, Partner at Clifford Chance, commented: "We are delighted to have advised Swiss Re on this innovative transaction. Its successful execution demonstrates the continued development of capital solutions that provide financial flexibility and certainty of funding and marks an important milestone in the evolution of the P-Caps market including its relevance to non-US insurance companies."

The mandate leveraged Clifford Chance's global platform, bringing together lawyers across multiple jurisdictions to advise on a sophisticated offering involving English, Delaware and New York law documentation and a novel structure specifically tailored for an IFRS reporting company.

The cross-border Clifford Chance team was led by partners Michael Dakin and Simon Sinclair, working closely with counsel Sannu Shrestha, director Maria de Elizalde, associates Aritra Saha and Hannah McLellan. The wider team included UK tax partner Cameron Dwyer, the US tax team, partner Avrohom Gelber and associate Taylor O’Brien, and support on US regulatory and financing matters from counsel Young Kim, professional support lawyer Rebecca Hoskins, Abigail Simon and Jill Ruderfer.

Press contact: Emma Cessford