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Clifford Chance advises Eurazeo on Verto's investment in Horus Software

Thu, 12 Nov 2026 15:39:00 GMT

This investment will enable Verto to support Horus Software in the next stage of its development and further strengthen its position in the Belgian digital accounting market.

The team comprised partner Pierre-Benoit Pabot du Châtelard, senior associate Sophie Laporte, and associate Gwenvael Porsmoguer, advising on French law matters, and partner Lounia Czupper, senior associate Pierre Pettiaux, and associate Magaly El-Hallal, advising on Belgian law matters.

Verto was advised by Mayer Brown, whose team comprised partner Maud Bischoff, counsel Constance Bouchet and associate Antoine Buisson.

Eurazeo's team comprised Olivier Sesboüé, Hugo Lézier and Shaïnes Zemmali.

Press contact: Lydia Persico

Clifford Chance has successfully advised Volkswagen Group on its €1.95 billion dual-tranche green hybrid bond issuance

Thu, 12 Nov 2026 12:18:00 GMT

The €1 billion tranche bears interest at 6.875% per annum until its first call date in August 2032 and was issued at 99.010%. The €950 million tranche bears interest at 7.250% per annum until its first call date in November 2034 and was issued at 98.826%. Following the respective first call dates, the interest rates will be reset in accordance with the terms and conditions of the notes.

The Issuer intends to use the net proceeds to partially refinance its both outstanding non-call 2027 notes. At issuance and subject to the above refinancing, the Issuer will lend net proceeds from the Notes to the Guarantor. An amount equivalent to the net proceeds will be allocated by the Guarantor to eligible green capital expenditures in accordance with the Green Finance Framework of VOLKSWAGEN AKTIENGESELLSCHAFT.

Clifford Chance regularly advises Volkswagen Group on the issuance of bonds on international capital markets. The banking syndicate for this transaction comprised Banco Bilbao Vizcaya Argentaria, S.A., BofA Securities Europe SA, Deutsche Bank Aktiengesellschaft, HSBC Continental Europe, Intesa Sanpaolo S.p.A., Mizuho Bank Europe N.V., NatWest Markets N.V. and UniCredit Bank GmbH.

The Clifford Chance team was led by partners George Hacket and Cristina Freudenberger and comprised counsel Andrei Manea, associate Lara Esser, transaction lawyers Felicitas Fischer and Lilli Neubauer (all Capital Markets, Frankfurt), partner Olaf Mertgen and counsel Steffen Waadt (both Tax, Frankfurt), as well as partner Jurgen van der Meer and associates Kris Soomers and Mark van Brest (all Capital Markets, Amsterdam), senior counsel Nolan Groenland, senior associate Robin Houtveen and associate Johan Anton Niesten (all Tax, Amsterdam) as well as counsel Maxime Budzin and senior associate Simon Paran (both Tax, Luxembourg).

Press contact: Lisa Trager

Clifford Chance advises managers on Ahold Delhaize’s €1.1 billion dual-tranche notes issuance

Thu, 12 Nov 2026 09:44:23 GMT

BNP PARIBAS, BofA Securities (also Global Coordinator), Deutsche Bank, ING, J.P. Morgan, Rabobank, SMBC, Société Générale and Wells Fargo Securities acted as Joint Lead Managers. The notes settled on 12 November 2026 and are listed on Euronext Dublin. Read more about this transaction here.

The Clifford Chance team was led by counsel Dewi Walian and included partner Jurgen van der Meer, associate Kris Soomers and trainee lawyer Mark van Brest and senior counsel Nolan Groenland, senior associate Robin Houtveen and associate Johan Anton Niesten.

Press contact: Iva Celic

Clifford Chance advises Airbus on the establishment of Alpha Component Solutions, joint venture with Air France dedicated to Airbus A350 component support

Thu, 12 Nov 2026 09:22:00 GMT

The new entity will be operated jointly by Airbus and Air France-KLM to manage a worldwide shared-access component pool and provide aircraft component assets, maintenance services, supply chain management and repairs to A350 operators. By combining the capabilities of Airbus’ Flight Hours Services and Air France Industries KLM Engineering & Maintenance, the joint venture will offer an integrated solution to address the growing long-term component maintenance requirements of the global A350 fleet. Alpha Component Solutions already contractually supports more than 500 aircrafts and has a worldwide footprint enabling it to support existing and future operators in this rapidly growing market.

Through Alpha Component Solutions, Airbus and Air France are combining their respective expertise and resources to enhance component availability and reliability, optimise maintenance integration and improve the efficiency of supply chain management.

The Airbus legal team was led by Elise Riaux (Senior Legal Counsel M&A) and comprised Anne Faber (Senior Legal Counsel Competition Law), Nadège Nankou (Legal Business Leader Services), Patrick Weldon (Legal Counsel Commercial Aircraft) and Frédéric Yon (Senior Legal Counsel Corporate Finance).

The Clifford Chance team advising Airbus was led on the Corporate/M&A aspects by partner Gilles Lebreton, supported by counsel Benjamin Saada and associate Antoine Ernoult. Counsels Alexandre Manasterski and Jérémy Guilbault advised on commercial contracts, while associates Hendrik Coppoolse and Lara Niatti advised on foreign investment control aspects.

Air France was advised by Gide Loyrette Nouel on this transaction.

Press contact: Lydia Persico

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

Thu, 12 Nov 2026 09:16:00 GMT

Amicro Technology is a leading robotics technology company that provides systems and solutions for a diverse range of intelligent mobile robot applications.

Partners Fang Liu, Virginia Lee and Claire Cao co-led the transaction with support from counsel Haoze Zheng and Carson Wong, senior associates Ryan Ho and Francine Chang, associates Melinda Li, Rita Cao, Kevin Wong and Ziyi Fan, legal assistant Patrick Zhang, trainee solicitors Zhongxiao Cong and Yancy Hua and paralegal Norah Li.

Clifford Chance has advised a number of landmark listings in China's technology sectors, including the listings of ESWIN Computing, Nexchip Semiconductor and Circuit Fabology Microelectronics.

Press contact: Fenix Wong

Clifford Chance advises Colombia's Empresas Públicas de Medellín on its return to the international capital markets with a US$1 billion senior notes issuance

Wed, 11 Nov 2026 14:05:00 GMT

EPM is Colombia's largest public utility services company providing services principally in Medellín (Colombia's second largest city), as well as in surrounding localities that spread along the Aburrá Valley and the Municipality of Ríonegro. EPM also conducts operations through subsidiaries in Chile, El Salvador, Guatemala and Panama.

The Clifford Chance team advising on the transaction was led by partner Hugo Triaca (New York), with support from associates Alexandra Machado and Joyce Moore (New York) and foreign lawyer Juan Andrés Bosch (Madrid).

Clifford Chance advises on many similar transactions in the Latin American market, including advising on US$600 million green bond issuance by the City of Bogotá.

Press contact : Kaitlin Scagluso

Clifford Chance advises KKR on investment in (re)insurer Canopius

Wed, 11 Nov 2026 03:45:48 GMT

KKR's investment is part of a consortium control acquisition led by Samsung Fire & Marine Insurance, alongside KKR funds and KIC (the sovereign wealth fund of the Republic of Korea). The outstanding shares are being acquired from Canopius’ other existing shareholders, including Fidentia Fortuna Holdings, the controlling consortium led by global private investment firm Centerbridge Partners. KKR intends to drive value creation and support Canopius’ continued growth by leveraging its global platform and operational, strategic, and M&A expertise.

Private equity partners Tom Lin and Shimin Lee led the Clifford Chance team, together with partners Ashley Prebble and Cheng Li Yow (Financial Institutions Group), Elizabeth Sinclair, Philipp Girardet and Brian Concklin (Antitrust), Anthony Wang, Matt Truman and Michael Pallaras (Finance) and Avrohom Gelber and Edward Page (Tax), and supported by a global team including counsels Jonathan Yan and Hua Chan, senior associates Kate Wilson, Fergus Grady, Sian Fagan, James Dowling, Victor Leung and Wei Bin Tan, and associates Denzyl Ang, Brónagh Kennedy and Archie Zverev.

Learn more about the transaction from KKR's media release here.

Completion is subject to regulatory approvals.

Media contact: Madhu Mirpuri

Clifford Chance Australia further strengthens private capital offering with Andrew Stone

Wed, 11 Nov 2026 02:33:00 GMT

Andrew brings more than 20 years’ experience advising investment managers on the establishment and operation of investment funds spanning multiple asset classes. He also has extensive financial services regulatory experience, advising on matters including licensing, fundraising and disclosure, and superannuation regulation.

Andrew will work alongside Partner Philip Podzebenko, who advises private capital and strategic investors on acquisition and investment in real assets, to support the continued growth of the firm’s Australian funds practice, while bringing additional financial regulatory expertise to support our clients across their investment lifecycle. Philip and his team recently advised the GPT Wholesale Shopping Centre Fund on approximately A$1.2 billion of retail acquisitions.

Philip Podzebenko, Partner, said: “Andrew brings considerable funds experience across a broad range of asset classes, including critical infrastructure, real estate, public and private equity and public and private debt, adding further depth to our global funds & asset management offering.”

Mark Currell, Managing Partner, Clifford Chance Australia, added: “Andrew's appointment boosts our ability to provide integrated advice and a full-service offering to our private capital clients throughout the lifecycle of their investments, from raising and deploying capital to restructuring and exit. We are delighted to welcome him to our growing Australian team.”

Andrew’s appointment marks a further step in Clifford Chance’s continued growth in Australia and follows the recent appointment of leading Australian real estate lawyer Stuart Dixon-Smith as a Partner in the firm’s global Real Estate team.

Andrew is the firm's eleventh private capital partner hire in 2026. He is a member of the Property Council of Australia Capital Markets Division Governance and Regulatory Committee and the Law Council of Australia Financial Services Committee.

Media contact: Danielle Shaw

Clifford Chance advises on MIGA-backed financing for Bogotá’s first metro line

Tue, 10 Nov 2026 22:17:00 GMT

The financing supports Bogotá Metro Line 1, a transformative green infrastructure project expected to deliver significant environmental and social benefits, including reduced greenhouse-gas emissions, improved access to employment and public transport, and greater connectivity for underserved communities.

The Clifford Chance team advising on the transaction was led out of New York by partner Hugo Triaca and counsel Julián Hurtado Vallejo, with support from associate Mariana Gutierrez Ruiz and law clerk Casilda Caso. Additional support came from partner Jose Garcia Cueto (Washington, DC) and associate Matias Zambrano Dominguez (Madrid).

Clifford Chance advises on many financing transactions in Colombia, including advising on a US$600 million green bond issuance by the City of Bogotá.

Press Contact: Kaitlin Scagluso

Clifford Chance advises managers on Heineken’s €1 billion dual-tranche bond issuance

Tue, 10 Nov 2026 10:15:51 GMT

The notes settled on 10 November 2026 and are listed on the Luxembourg Stock Exchange. Read more about this transaction here.

ABN AMRO, ANZ, Goldman Sachs Bank Europe SE, ING, IMI-Intesa Sanpaolo, Rabobank, Santander and Société Générale acted as managers on the issuance.

The Clifford Chance team was led by counsel Dewi Walian and included partner Jurgen van der Meer, associate Kris Soomers and trainee lawyer Hidde Kats and senior counsel Nolan Groenland, senior associate Robin Houtveen and associate Johan Anton Niesten.

Press Contact: Iva Celic

Clifford Chance advises Duvenbeck on sale to L.I.T. Group

Tue, 10 Nov 2026 09:26:00 GMT

Headquartered in Bocholt, Germany, Duvenbeck was founded in 1932 and today employees around 5,000 people across more than 50 locations in Europe, providing transport and contract logistics services.

L.I.T. Group (Logistik, Information, Transport), which is headquartered in Brake, Germany, offers a wide range of services along the entire logistics chain, including integrated transport and warehouse logistics solutions. Founded in 1988, the group has more than 5,400 employees at over 130 locations in 22 countries.

The acquisition will strengthen L.I.T.'s automotive logistics business and expand its regional presence in Southern and Eastern Europe, complementing its strong position in Northern and Western Europe. It will combine L.I.T.'s industry knowledge and Duvenbeck's experience and specialisation to support strategic development and strengthen the existing business.

The Clifford Chance team advising on Duvenbeck's restructuring was led by partners Kolja von Bismarck (Restructuring, Munich) and Bettina Steinhauer (Debt Finance, Frankfurt). Partner Dominik Heß (Corporate, Düsseldorf) led the team advising on the sale of Duvenbeck to L.I.T.

The Clifford Chance team further comprised counsel Laura Stegeman (Amsterdam), senior associate Laura Theresa Stehl, associate Dina Huang (all Corporate) and legal project manager Milena Mühlenkamp (all Düsseldorf); partner Patrick Schulz, counsel Harald Amer (both Munich) and associate Vildana Halilovic (Frankfurt, all Restructuring); senior associate Nico Köhler (Debt Finance, Frankfurt); partner Dimitri Slobodenjuk, counsel Johannes Lüer and Arne Gayk (all Düsseldorf), counsel Marta Szczecińska (Matynia) (Warsaw) and associate Patricia Trapp (Düsseldorf, all Antitrust); counsel Tobias Born and associate Sven Ferdinand (both Corporate/TechDigital, Frankfurt); counsel Alexander Stemmler and associate Sophia Sahle (both Employment, Düsseldorf); counsel Steffen Waadt and senior associate Nicolas Jüttner (both Tax, Frankfurt); associate Laura Spohn (Real Estate, Frankfurt); partner (Germany) Gerson Raiser and associates Nicola Sapper (both Disputes, Frankfurt) as well as Yannick Dabie (IP, Düsseldorf).

Press contact: Lisa Trager

Clifford Chance advises Superior Energy Services, Inc. on US$650 million senior unsecured notes offering

Mon, 09 Nov 2026 17:16:00 GMT

The team was led by Houston partners Trevor Lavelle and Om Pandya, supported by associates Jake DuCharme, Kimara Davis and Sophia Navedo-Quinones. The wider team included:

Finance: partners Matt Jones and Carter Olson, counsel Matt Snodgrass and associate Jack Gillen.
Environmental: partner Ty'Meka Reeves-Sober and associates Shawntah Thomas and Kami McFarland.
Tax: partner Adriana Zhan, associate Tali Lee and law clerk Taylor O'Brien

Clifford Chance advised VKR Holding on its offer to acquire StellaGroup from PAI Partners and others

Mon, 09 Nov 2026 11:46:29 GMT

Headquartered in Annecy, France, StellaGroup employs 2,300 people and serves 22,500 customers across five European markets. Its 13 brands offer products ranging from roller shutters, external screens and venetian blinds to awnings, pergolas and other patio covers, as well as garage doors, driveway and garden gates, fences and grilles. StellaGroup reported revenue of €556 million in 2025. Its brands include La Toulousaine, Profalux, Eveno, Sofermi, Flip, AVZ Group, Smits, Alulux, Duotherm, Erhardt, SWS, Pratic and Biossun. The company operates in France, Germany, Italy, the Netherlands and the United Kingdom.

Completion of the proposed acquisition is subject to consultation with employee representative bodies and customary regulatory approvals.

The Clifford Chance team in Paris comprised Partner Marianne Pezant, Counsel Adeline Nayagom, Senior Associate Elisabeth Kerlen and Associate Raphael Morin on the M&A aspects; Partner David Tayar, Counsel Sara Ortolli and Associate Maëlys Cleuziat on the antitrust aspects; as well as Partners Florence Aubonnet and Ekaterina Zaboussova-Celsa and Associate Clémentine Marçais on the employment aspects.

Contact presse : Lydia Persico

Clifford Chance advises Cinven on the sale of Restaurant Brands Europe

Mon, 09 Nov 2026 09:26:00 GMT

Global law firm Clifford Chance has advised international private equity firm, Cinven, on its agreement to sell its stake in Restaurant Brands Europe (‘RBE’ or the ‘Company’), the master-franchisee of the Burger King®, Popeyes® and Tim Hortons® brands in Spain, the Burger King brand in Portugal, and the Popeyes brand in Italy, to a consortium led by Gregorio Jiménez, the founder of RBE.

RBE is a leading European multi-brand restaurant group operating across Spain, Portugal and Italy. The Company develops and operates the aforementioned internationally recognized quick-service restaurant (‘QSR’) brands through a network of over 1,400 company-owned and franchised restaurants.

The Clifford Chance team was led by private equity partner Samir Azzouzi, with support from senior associate Pablo Hernández and associates Sofía Albiñana and Juan Ibarra. The wider team advising included senior associate Mark Inkester and associate Adam Clifton.

Press contact: Sonia Malhotra-Denny

Clifford Chance advises ING on €2.8 billion revolving credit facility for Alliander

Fri, 06 Nov 2026 16:12:00 GMT

The €2.8 billion facility was provided by a syndicate of eight banks and replaces Alliander's previous undrawn revolving credit facilities totaling €2.4 billion. The facility has a five-year tenor to October 2031, with two one-year extension options.

The Clifford Chance team was led by partner Boudewijn Vermeer and included counsel Amin Tamaddoni, senior associate Robin Houtveen, associate Johan Anton Niesten, trainee lawyer Dounia Endlich and senior advisor Sara Schermerhorn in Amsterdam.

Press contact : Iva Celic

Clifford Chance advises Rea Group on acquisition of WKW.group

Fri, 06 Nov 2026 13:33:00 GMT

The transaction includes WKW's German production sites in Wuppertal (Korzert), Velbert and Sprockhövel, with 1,050 jobs, as well as its production sites in the US, France and Tunisia. The investor plans to continue operating and further developing the German sites on a long-term basis. The necessary investments are intended to sustainably restore their competitiveness.

Insolvency administrator Joachim Exner implemented the sale following a structured international investor process. The creditors have approved the sale and the transfer of the business has already taken place. The parties have agreed not to disclose the purchase price.

WKW.group manufactures decorative and functional components as well as roof rail systems made of aluminium, steel and plastic. Its customers include numerous major German automotive manufacturers.

"The German and international sites of WKW.group are an ideal addition to our automotive portfolio," said Nat Rea, Managing Director of Rea Automotive GmbH. "The acquisition of WKW forms the foundation for the future of Rea Automotive. WKW brings an established international manufacturing presence, a global sales network, long-standing customer relationships and, above all, experienced and highly motivated employees. We will invest in technology, operations and processes to make WKW a first-class international Tier 1 supplier and take it to the next level with solutions developed in Germany."

The Clifford Chance team was led by partner Stefan Sax (Restructuring, Frankfurt) and comprised counsel Diana Schoch (Frankfurt) and Harald Amer (Munich) as well as associates Vildana Halilovic and Simon Heinrich (both Frankfurt, all Restructuring), partner Simon Schmid, counsel Ribana Piontek, senior associates Tobias Jenne, Laura Theresa Stehl and Yannick Heginger Niedergethmann and research assistant Leonie Kim Roth (all Corporate, Düsseldorf), partner Sebastian Ritz, counsel Alexander Stemmler and associates Sophia Sahle and Mara Gnanko (all Employment, Düsseldorf), partner Olaf Mertgen and counsel Steffen Waadt (both Tax, Frankfurt), partner Fabian Böhm (Frankfurt), counsel Amrei Fuder (Frankfurt) and associate Miriam Sax (Munich, all Real Estate), and partner Dimitri Slobodenjuk and associate Patricia Trapp (both Antitrust, Düsseldorf).

Press contact : Lisa Trager

Advising HEA Energy on acquisition of Seaway7 Heavy Transport

Fri, 06 Nov 2026 11:57:00 GMT

The business owns and operates a fleet of six semi-submersible heavy transport vessels providing global transportation services for large and complex cargoes, including offshore wind foundations and substations, drilling rigs, jack-up units and oil and gas modules.

The acquisition supports HEA Energy's strategy of deepening the scope of work it delivers for its existing clients, allowing HEA Energy to serve its clients from transport and installation through to operations and maintenance.

Completion of the transaction is expected in the first half of 2027, subject to customary regulatory approvals.

The Clifford Chance team advising on the transaction is being led by UAE partner Lynn Ammar, supported by a UAE based core team including senior associates Callum Gribbin and Ahmed Shafiek and associate Zena Anane. UAE counsel Sabra Ferhat is advising on antitrust matters, while London partner Edward Page and senior associate Viktoria Parkhomenko advised on tax matters.

Press contact : Lynn Basel

Clifford Chance advises Foundation Partners on the £615 million acquisition of Runwood care home portfolio

Thu, 05 Nov 2026 16:17:00 GMT

Over the past decade, Foundation Partners have invested in a number of healthcare platforms including the Graham Care Group and Select Healthcare Group which the firm also advised on.

The cross-practice Clifford Chance team was led by partner Franc Pena with director Alice Raine and senior associate Manuel Ponces Magalhães. The team also included real estate partner Ben Redding; employment partner Amy Bird, director Florence Wong, senior associate Francesca Baker and associate Charlotte Ferbrache; partners David Saleh and Jemma Dick, directors Paul Harrington and Simon Corzberg with associate Nick Humphries advised on tax aspects; with partner Barry O’Shea, director Anisa Dudhia, consultant Manuel Castro Pereira and associate Meave Chapman on finance.

Press contact: Emma Cessford

Clifford Chance advises Premia on acquisition of Cowen Reinsurance S.A.

Thu, 05 Nov 2026 09:08:37 GMT

Following completion of the transaction on 30 October 2026, Cowen Reinsurance S.A. was renamed Premia Reinsurance Europe S.A. The acquisition expands Premia’s operations in Continental Europe and provides the group with an additional Luxembourg-based platform from which to deliver reinsurance solutions to clients across the region.

Christian Kremer, Senior Partner at Clifford Chance, said: “We are delighted to have supported Premia on this important acquisition. The transaction strengthens its presence in Continental Europe and provides an additional platform to support its clients across the region. It also demonstrates the continued strategic importance of Luxembourg as a centre for sophisticated insurance and reinsurance operations.”

The Clifford Chance cross-practice team was led by Christian Kremer, Senior Partner in Corporate and M&A, and included Simone Schmitt, Counsel, and Louis Mamère, Senior Associate (both Corporate and M&A), as well as Dominik Schlarb and Judit Bassas Anglès (both Associates, Global Financial Markets).

Press contact: Natalia Ibáñez Guinea

Clifford Chance advises IFC and Proparco on financing Benin's first solar independent power producer project

Wed, 04 Nov 2026 15:45:00 GMT

Located in Natitingou, Djougou, Parakou and Bohicon, the power plants will operate under separate power purchase agreements with the Société Béninoise de Production d'Électricité (SBPE). Together, they are expected to provide clean electricity to approximately 383,000 people and increase domestic electricity generation by 17% over the 2028-2035 period, supporting Benin's ambition to increase the share of renewable energy in its energy mix to 30% by 2030.

Financing for the projects combines resources from IFC and Proparco with blended finance mobilised by IFC from the Clean Technology Fund. It includes IFC A loans and concessional senior financing from the Clean Technology Fund, alongside financing from Proparco. IFC and Proparco are each providing approximately €14 million in financing for the projects. The transaction also marks Proparco's first financing of an energy project in Benin.

By expanding domestic renewable electricity generation, the projects will contribute to the diversification of Benin's electricity mix. With more than 80% of the country's installed electricity generation capacity currently dependent on thermal power, the four solar plants are expected to reduce reliance on fossil fuels and electricity imports while supporting the country's energy independence.

The Clifford Chance team advising IFC and Proparco on the financing was led in Paris by partners Corinne Duvnjak and Delphine Siino Courtin, supported by counsel Thomas Chneiweiss and associate Nour Fakhoury who advised on the project development and financing aspects. Senior counsel Fabien Jacquemard and associate Santiago Ramirez advised on the hedging aspects. In London, partner Edward Bretherton and associates Ben Stewart and Abi Kumaranathan advised on the construction aspects of the transaction.

Press contact: Lydia Persico