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Clifford Chance advises Mobiliare on its US$100 million first sustainability-linked bond issuance

Wed, 24 Jun 2026 19:43:00 GMT

The transaction underscores Mobiliare's commitment to sustainability, linking the company to specific environmental performance targets.

The team was led by partner Hugo Triaca, supported by associate Joyce Moore. The wider team included partners Avrohom Gelber and Jeffery LeMaster, associates Dennis Morrisroe and Wei Bin Tan, and law clerk Javier Melendez,

Clifford Chance regularly advises on similar transactions across the Latin America market, including Mobiliare's debut bond offering, Peru's COFIDE sustainable bond offering and Grupo Energia Bogota's inaugural sustainable bond issuance.

Clifford Chance advises Dassault Systèmes on its successful €1 billion bond issuance and refinancing of its revolving credit facility

Wed, 24 Jun 2026 14:08:36 GMT

The bond offering comprises a single tranche of €1 billion senior unsecured notes with a tenor of five years, bearing a fixed annual coupon of 3.375% and maturing on 16 June 2031.

The bonds have been admitted to trading on Euronext Paris. The transaction was significantly oversubscribed by institutional investors. Net proceeds will be used for general corporate purposes, including the refinancing of the company's existing €900 million 0.125% notes maturing in September 2026. BNP Paribas, Crédit Agricole CIB, MUFG and Société Générale acted as global coordinators, with Bank of America, CIC, Deutsche Bank, HSBC, ING, JP Morgan and Natixis acting as joint bookrunners.

In parallel, Dassault Systèmes refinanced its €750 million revolving credit facility maturing in October 2026. The new facility has an initial term of five years maturing in June 2031, with two one-year extension options, and includes a €250 million swingline facility as well as an accordion feature allowing the total commitments to be increased by up to an additional €500 million. This transaction was also oversubscribed by a syndicate of core banks.

The Clifford Chance team was led by Cédric Burford and Auriane Bijon, partners, with Jessica Hadid and Batoul Laanani, senior associates, and Sabrine Kadi, associate.

Press Contact: Laure-Hélène Caillot

Clifford Chance advises funds managed by Ares, Abound Capital, InnoVen Capital and January Capital on S$100 million financing to Silicon Box

Wed, 24 Jun 2026 08:26:00 GMT

The transaction reflects strong continued investor interest in the semiconductor and AI value chain, particularly in advanced packaging technologies, which are increasingly critical to next-generation computing and AI infrastructure. The deal also highlights the growing role of private credit solutions in supporting high-growth technology companies in Asia.

Lead partner Chin Seng Chew, said, “This transaction reflects the broader regional trend of flexible private credit solutions being used to support pioneering companies employing cutting-edge technology in the semiconductor and AI ecosystem. We are very pleased to have supported Ares, Abound Capital, InnoVen Capital and January Capital on this financing, drawing on our experience advising on complex, multi-investor credit structures across Asia’s advanced technology sector.”

Partner Chin Seng Chew and associate Ivan Ting advised Ares on all aspects of the financing, supported by a broader team including partners Shaun Langhorne, Jamie McLaren and Kabir Singh, counsel Jervis Chan, senior associate Jasmine Wales and associates Denzyl Ang and Hong Yang See. Partner Jonathan Lai and senior associate Srruthi Ilankathir from Cavenagh Law, Clifford Chance's formal law alliance in Singapore also provided support.

Press Contact: Madhu Mirpuri

Clifford Chance advises TPG and other shareholders on sale of MADE Group to Danone

Wed, 24 Jun 2026 06:54:00 GMT

The transaction is subject to customary closing conditions, including regulatory approvals.

MADE Group specialises in health and wellbeing products, including well-established brands such as Cocobella coconut water and Rokeby protein shakes. MADE Group’s established market position in Australia, New Zealand and Southeast Asia offers Danone a scaled platform in the fast-growing health and wellness beverages category and enhances its growth prospects across the Asia-Pacific region.

Jacob Kahwaji, Partner, said: “Having advised TPG on its original investment in MADE Group in 2021, it is a privilege to support on this full-circle transaction. We congratulate TPG and other shareholders on this significant milestone for Made Group, which has grown into a high-quality health and wellness platform that is well positioned to accelerate its next phase of growth under Danone's ownership.”

Jacob Kahwaji led the multidisciplinary deal team, supported by counsel Sarah Jenkins, senior associates Jack Corcoran and Benedict Waterfall and associates Siena Casgrain and Kate Procter. Partner Elizabeth Richmond and senior associate Sam Frouhar advised on the antitrust aspects, counsel Adrianna Witkowski advised on the real estate aspects and partner Clancy King and associate Jordan Jeffcoat advised on the employment aspects of the transaction.

In addition to MADE, Clifford Chance has also recently advised TPG on mandates including TPG-backed Infomedia's acquisition of Veact and TPG's 70% equity investment into Kinetic through the TPG Rise Climate platform.

Media contact: Danielle Shaw

Clifford Chance advises on Marubeni’s acquisition of EagleRidge Energy II LLC

Tue, 23 Jun 2026 20:08:28 GMT

Global law firm Clifford Chance advised Marubeni group on its acquisition of EagleRidge Energy II LLC and its subsidiaries, which operate over 2,300 wells on over 330,000 gross acres across 16 counties in the Barnett Shale in Texas.

The team was led by partners Jonathan Bobinger and David Sweeney and included partners Joclynn Marsh, Ty'Meka Reeves-Sobers, Todd Lowther (Houston) and Reuven Falik (New York) along with associates Ed Vaunder , Melissa Sanchez, Thomas Shattuck, Trumond Best, Tasneem Zakir, Luis Sierra-Garriga, Jesse Dowdle, Kade Moural, Ella Chen (Houston), Emma Himes (New York) and Nic Johnson (Washington, DC).

More details about the transaction can be found here: https://www.marubeni.com/en/news/2026/release/00026.html

Clifford Chance advises the Qatar Investment Authority on its cornerstone investment in RWE Aktiengesellschaft's approximately EUR 4 billion capital increase

Tue, 23 Jun 2026 14:26:08 GMT

RWE Aktiengesellschaft announced an accelerated bookbuilding on 22 June 2026 selling new shares and treasury shares without subscription rights. The shares were offered via private placements in the United States to qualified institutional buyers in reliance on Rule 144A and to institutional investors outside the United States in reliance on Regulation S, each under the U.S. Securities Act of 1933, as amended. The capital increase was announced in connection with RWE's acquisition of an additional stake in Amprion GmbH, one of Germany's leading electricity transmission system operators. The Qatar Investment Authority was one of two cornerstone investors in the capital increase next to the Norwegian state fund Norges Bank.

The Clifford Chance team comprised lawyers from multiple practice areas and offices and was led by partners Axel Wittmann (Capital Markets, Frankfurt) and Samuel Frommelt (Private Equity, Munich) and supported by partners Mathias Elspaß (Corporate/Energy, Düsseldorf), Dominik Engl (Tax, Frankfurt), Dimitri Slobodenjuk (Antitrust, Düsseldorf) and Marcia Hook (Project Finance, Washington, D.C.) and counsels Henrik Gildehaus (Capital Markets, Frankfurt) and Anne Filzmoser (Antitrust, Düsseldorf), senior associates Felix Groppenbächer (Private Equity, Frankfurt), Laura-Isabell Dietz and Duy Tuong Huynh (both Corporate/Energy, Düsseldorf) and associates Lukas Tuschhoff (Corporate, Frankfurt) and Benedikt Behlert (Corporate/Energy, Düsseldorf) as well as transaction lawyers Lilli Neubauer (Capital Markets) and Jule Geiger (Tax, both Frankfurt).

Press Contact: Lisa Trager

Clifford Chance advises AEBG on the sale of its indirect stake in Amprion to RWE

Tue, 23 Jun 2026 10:08:00 GMT

In addition to AEBG's interest, RWE is acquiring further indirect stakes in Amprion from other shareholders of M31 through a phased transaction process. Some of these shareholders were also advised by Clifford Chance. Upon completion of the acquisitions, RWE will increase its indirect ownership in Amprion, alongside its existing direct shareholding, to more than 55%. The aggregate purchase price for all acquisitions amounts to €3.6 billion.

All transactions are expected to close in the third quarter of 2026, subject to customary closing conditions, including the receipt of the required regulatory approvals.

With a transmission network spanning approximately 11,000-kilometre, Amprion operates one of Germany’s largest electricity transmission grids. The Dortmund-based company is developing direct connections to offshore wind farms in the North Sea and is interconnected with electricity networks in the Netherlands, Luxembourg, France, Austria and Switzerland. Amprion therefore plays a pivotal role in enabling the energy transition in Germany and across Europe.

Clifford Chance previously advised AEBG on the sale of an interest in M31 Beteiligungsgesellschaft to Klimavest, an infrastructure fund managed by Commerz Real.

The Clifford Chance team was led by partner Moritz Petersen and included of counsel Frank Scholderer, associates Debora Nöltner, Stefan Karle and Martin Tiedemann (all Corporate/M&A, Frankfurt), partners Gregor Evenkamp and associate Luis Freisler (both Funds & Asset Management, Munich), partners Stefan Herr and Olaf Mertgen, counsel Cord von Mandelsloh and senior associate Johannes Meyer (all Tax/Funds, Frankfurt and Düsseldorf), partner Dimitri Slobodenjuk and counsel Anne Filzmoser (both Antitrust, Düsseldorf) as well as senior partner Christian Kremer, senior associate Philippe Sadler (both corporate/M&A) and senior counsel Christian Lennig (tax/funds, all Luxembourg).

Press Contact: Lisa Trager

Clifford Chance advises L’Oréal on its inaugural CHF 500 million dual tranche bond issuance

Tue, 23 Jun 2026 08:40:00 GMT

The offering is composed of two tranches:

a CHF 225 million 6-year fixed rate bond paying a coupon of 0.93% per annum;
a CHF 275 million 10-year fixed rate bond paying a coupon of 1.25% per annum (together, the “Notes”).

The Notes are rated AA (stable) by S&P and Aa1 (stable) by Moody’s and will be listed on SIX Swiss Exchange. The net proceeds will be used for general corporate purposes.

The banks’ syndicate was composed of BNP Paribas, Paris, Lancy/Geneva Branch, Commerzbank and Deutsche Bank as Joint Managers.

Clifford Chance advised L’Oréal with a team comprising Cédric Burford and Auriane Bijon, partners, and Batoul Laanani, senior associate.

The L’Oréal Group was advised internally by Arnaud de Rochebrune, General Counsel M&A, Financing and Licenses, and Mélina Krouri, Associate General Counsel Banking & Finance.

Press Contact: Laure-Hélène Caillot

Clifford Chance advises Technip Energies on its €500 million 4% senior unsecured notes due 2033

Tue, 23 Jun 2026 07:56:59 GMT

The offering was more than five times oversubscribed among a broad European investor base. The Notes were admitted to trading on the regulated market of Euronext Paris on 10 June 2026. The net proceeds of the Notes will be used by Technip Energies for general corporate purposes.

The banks’ syndicate was composed of Crédit Agricole Corporate and Investment Bank and HSBC Continental Europe as Global Coordinators and Joint Lead Managers, BNP Paribas, Deutsche Bank Aktiengesellschaft, Société Générale and Standard Chartered Bank AG as Active Bookrunners, and Banco Bilbao Vizcaya Argentaria, S.A., Crédit Industriel et Commercial S.A. and J.P. Morgan SE as Passive Bookrunners.

The Clifford Chance team was led by Cédric Burford and Auriane Bijon, partners, with Batoul Laanani, senior associate, and Sabrine Kadi, associate.

Press Contact: Laure-Hélène Caillot

Clifford Chance advises APA Corporation on acquisition of Alaska assets

Mon, 22 Jun 2026 21:49:00 GMT

Global law firm Clifford Chance has advised APA Corporation on its acquisition of Savant Alaska, LLC for approximately US$70 million plus payments contingent on future development work.

The transaction includes the Badami facilities, which have nameplate production capacity of approximately 40,000 barrels of oil per day, along with extensive supporting infrastructure, including accommodation facilities, a grind-and-inject system, barge landing and wharf facilities, runway access, gravel resources and other field infrastructure, along with the Nutaaq Pipeline, which has capacity of approximately 80,000 barrels of oil per day originating at Badami and providing access to the Trans-Alaska Pipeline System.

The team was led out of Houston by partner David Sweeney and included Joclynn Marsh, Thomas Shattuck, Melissa Sanchez and Tasneem Zakir with Ty'Meka Reeves-Sobers and Kami McFarland advising on environmental matters, Todd Lowther and Ira Aghai advising on tax matters, Reuven Falik, David Walsh, and Emma Himes advising on employment matters, and Marcia Hook advising on energy regulatory matters.

Clifford Chance advises Vox Media on sale of portfolio of digital media brands to Penske Media Corporation

Mon, 22 Jun 2026 19:42:00 GMT

Global law firm Clifford Chance advised Vox Media on its agreement to sell a portfolio of its digital media brands to Penske Media Corporation (PMC).

The transaction brings together a combined portfolio of more than 25 media brands spanning entertainment, technology, sports, food and culture, including The Verge, Eater, SB Nation, POPSUGAR, The Dodo, Punch and Thrillist.

As part of the transaction, PMC will combine the acquired assets with its existing portfolio of media brands under a newly created publishing division, PMX, further expanding its global digital publishing platform and audience reach.

The deal team is led out of New York by partners Chang-Do Gong and Robert Chung and counsel Marina Livingston.

The wider team includes partners Adriana Zhan, Reuven Falik, Leigh Oliver, counsel Meghan Fox and Santiago Roca Arribas, associates Bridget Costello, Michelle Green, Shuhan Liu, Joshua Thomas and David Walsh.

Clifford Chance US LLP welcomes Carter L. Olson in Houston, strengthening its US finance and derivatives capabilities

Mon, 22 Jun 2026 15:00:00 GMT

Olson's practice focuses on secured and unsecured finance matters, representing borrowers, end-users, lenders, private equity sponsors and portfolio companies in a variety of complex debt financings and derivative products. His experience includes project finance, general syndicated finance, reserve-based and other asset-based revolving loans in a variety of sectors, including maritime, oilfield services, upstream and midstream oil and gas, renewables and power generation.

Partner and Co-Head of the firm's Global Financial Markets practice in the Americas Lee Askenazi says, "We look forward to Carter joining the team. His arrival supports our continued growth in the private credit and finance space and reflects our focus on investing in talent with a proven track record in sophisticated, novel financing transactions. Carter's experience across derivatives and structured finance further strengthens our ability to deliver innovative structures and solutions in response to increasing client demand across the private credit market."

Houston Office Managing Partner Alex Wilde says, "Carter's addition builds on the strong momentum of our Houston office as we continue to expand our capabilities, including strengthening energy finance capabilities to support clients in the US and globally."

Olson says, "I'm excited to join Clifford Chance and collaborate with this talented team that has built such a highly regarded reputation. I look forward to working with everyone to further our offering in derivatives and energy-related structured finance."

Olson’s arrival underscores the firm’s continued growth in Houston this year, strengthening its energy derivatives capabilities and building on the expansion of its litigation and arbitration offering following the additions of J. Laurens Wilkes and Caitlin Gernert in May.

The Americas region is a core part of Clifford Chance’s global platform and an important focus of the firm’s strategic investment. With more than 450 attorneys across New York, Washington, DC, Houston and São Paulo, the firm combines deep local market knowledge with the reach of a fully integrated global partnership. The Americas team advises clients on complex US, Latin America and cross-border transactional, regulatory and disputes matters across key sectors including private capital and financial services, healthcare and life science, technology, infrastructure, and energy.

Clifford Chance advises easyJet on the possible takeover offer by Castlelake

Mon, 22 Jun 2026 08:03:00 GMT

The Clifford Chance team is led by Melissa Fogarty and James Bole.

Press contact: Chanelle Mutawe

Clifford Chance advises Pollen Street on its acquisition of Universal Banking, Finastra’s core banking solution division

Mon, 22 Jun 2026 08:03:00 GMT

The team advising Pollen Street Capital was co-led by partners Graham Phillips (Private Equity) and Ashley Prebble (Financial Institutions Group) with support from partner Zayed Al-Jamil (Tech/Digital) and senior associates Artem Paoutov, Fergus Grady and Orsolya Gondos.

Clifford Chance advises on €1.2 billion financing of the Kınalı-Malkara motorway extension in Türkiye

Mon, 22 Jun 2026 07:03:00 GMT

The motorway extension represents further investment in one of Türkiye's key transport corridors and is expected to enhance connectivity between Istanbul and the Marmara and Aegean regions. It builds on the existing operational Malkara-Çanakkale section of the Kınalı-Tekirdaǧ-Çanakkale-Savaştepe motorway – including the 1915 Çanakkale Bridge, which has the longest main span of any suspension bridge globally.

The project company is Çanakkale Otoyol ve Köprüsü İnşaat Yatırım ve İşletme A.Ş., and the sponsor is Limak İnşaat Sanayi ve Ticaret A.Ş.

Financing was provided by Turkish and international financial institutions, with credit support from Korean and European export credit agencies, including K-EXIM, K-SURE, SACE and EKN, as well as ICIEC.

Partners Nicholas Wong, Sait Eryılmaz and Mel Chan led a multi-jurisdictional team across Dubai, Istanbul, Singapore, Tokyo, London, Rome and Munich. The team advised on:

Overall financing: counsel Başar Kırka, senior associates Marco Wong and Lucy Roberts, alongside partner Hans Menski and associates John Edmunds, Jacie Lim, Berke Avarkan, Aykan Karpuzcu, Melisa Mengü, Alper Eski and trainee Işıl Acar.
Islamic financing and ICIEC: partner Qudeer Latif, senior associate Ibrahim Hassan and associates Marius Fritz and Philippe Mattoo.
SACE insurance: counsel Filippo Tassoni and senior associate Giuseppe Chiaula.
Construction, operation and maintenance arrangements: partner Sandy Hall and counsel Philippe Baert.
Hedging: partner Timothy Cleary and counsel Gregory Chartier.

The transaction highlights Clifford Chance's strength in cross-border project finance, export credit agency-backed financing and Islamic finance, as well as its longstanding experience on complex infrastructure projects in Türkiye and across the wider region.

Media contact: Madhu Mirpuri

Clifford Chance advises Danantara Indonesia on US$1.5 billion debut international bond issuance

Mon, 22 Jun 2026 04:46:00 GMT

This is the issuer's first international bond offering and marks a milestone in establishing its presence in global capital markets. Proceeds are expected to be used for general corporate purposes, including investments and refinancing existing debt.

Lead partner Gareth Deiner said: “This successful debut reflects sustained investor demand for high-quality sovereign-linked issuers from Southeast Asia, even amid a challenging and unpredictable macroeconomic backdrop. Danantara Investment Management plays a key role in Indonesia’s sovereign wealth and long-term capital deployment strategy. The structure of the offering enabled access to deep US institutional liquidity alongside global investor demand."

The successful execution of this transaction highlights Clifford Chance's strong US securities capability and seamless cross-border capital markets coverage across Asia and the United States. The deal team involved partners Gareth Deiner and Alan Yeung, counsel Stephanie Liman and associate Jun Kai Choo.

Additional support was provided by:

40 Act: partner Jeffrey LeMaster and associate Dennis Morrisroe
US tax: partner Avrohom Gelber, and associate Gil Shauly
ERISA: partner Paul Koppel and associate Ivona Dimov.

This transaction builds on Clifford Chance’s strong track record advising on Indonesia sovereign and sovereign-linked bond issuances, including PT Perusahaan Listrik Negara’s US$1.5 billion bond issuance and the Republic of Indonesia’s multi-tranche global bond offerings.

Media contact: Madhu Mirpuri

Clifford Chance is advising Malaga Investment SCSp on its voluntary and conditional public takeover bid in cash for all outstanding shares of What’s Cooking Group NV.

Fri, 19 Jun 2026 08:43:00 GMT

Malaga Investment SCSp is an entity controlled by the Daniël Coopman family and Mr Eddy Van der Pluym, the long-standing reference shareholders of What’s Cooking Group NV. The transaction forms part of the client’s strategy to strengthen its shareholding in What’s Cooking Group NV and, if the bid is successful, to potentially delist the company through a simplified squeeze-out.

Clifford Chance advised on the structuring of the bid, including the use of a Luxembourg SCSp as the bid vehicle, as well as the financing of the bid and preparation of the bid prospectus and the FSMA approval process. We also supported the client on shareholder engagement to obtain tender commitments and managed the bid process.

The Clifford Chance team was led by partner Patrice Viaene (partner) and Gauthier Peemans (associate), with support from Niek De Pauw (partner), Gillis Waelkens (partner), Alexandre Ooms (partner), senior counsel Wim Aerts, counsel Thomas Linard de Guertechin and associates Yonathan Tison, Sherine Denisse and and Magaly El-Hallal.

For more information on the takeover bid, please refer to the press releases available on the website of What's Cooking Group NV: https://whatscooking.group/en/press-releases-and-publications/voluntary-and-conditional-public-takeover-bid

Press Contact : Marion Meunier

Clifford Chance advises Morgan Stanley Investment Management and Ridgeback Group on the acquisition of Private Rented Sector business from London & Quadrant

Thu, 18 Jun 2026 16:24:00 GMT

The transaction includes a portfolio of approximately 3,200 homes across Greater London, as well as its fully integrated operating platform, team and £300 million of external debt facilities.

The Clifford Chance team was led by partner Franc Peña supported by director Alice Raine, senior real estate counsel Sarah Thomas and senior associate Manuel Ponces Magalhães. Tax advice was provided by partner David Saleh and director Paul Harrington. Partner Barry O'Shea supported by Director Anisa Dudhia and associate Cicely Kilgarrif advised on the financing elements.

For more information, please click here: Morgan Stanley Real Estate Investing Acquires Metra Living from L&Q in Partnership with Ridgeback Group for £1.045 Billion

Press Contact: Emma Cessford

Clifford Chance hosts seminar on safeguarding Chinese investment in Europe

Thu, 18 Jun 2026 13:09:00 GMT

The seminar focused on the legal and governance challenges that may arise after an investment has been completed, against a backdrop of increased scrutiny of Chinese-invested businesses in Europe. Clifford Chance shared its experience advising investors where control over invested companies has been challenged or weakened. The discussion also covered legal and governance measures to protect investment value, shareholder rights and effective oversight.

Participants exchanged views on strengthening corporate governance frameworks, enhancing risk management and supporting the long-term resilience of invested businesses.

The seminar was led by Yong Bai and Ziwen Wang from China, Xiang Li from Shanghai He Ping Law Firm* and Christian Kremer and Yi Wang from Luxembourg.

The event provided a platform for dialogue between legal and financial professionals. It also highlighted the importance of close cooperation between investors, financial institutions and legal advisers to support sustainable investment and future capital flows between China and Europe.

*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: Natalia Ibáñez Guinea

Clifford Chance advises banking syndicate on €375 million exchangeable bond issuance of RAG-Stiftung

Thu, 18 Jun 2026 12:03:00 GMT

RAG-Stiftung, which holds approximately 44% of the registered shares of Evonik Industries AG, launched the offering on 9 June 2026. The bonds were issued at par, bear interest at a rate of 1.45% per annum, payable semi-annually in arrear and will, unless previously exchanged, redeemed or repurchased and cancelled, be redeemed at par at maturity in December 2031. Upon redemption at maturity, the issuer may elect to settle all or part of the redemption value in shares. The bonds were offered by way of an accelerated bookbuilding to institutional investors outside the United States in reliance on Regulation S under the US Securities Act of 1933.

The Clifford Chance team was led by partner George Hacket, supported by partners Cristina Freudenberger and Axel Wittmann and counsels Andrei Manea and Henrik Gildehaus (all Capital Markets, Frankfurt) with further support from partner Olaf Mertgen and counsel Steffen Waadt (both Tax, Frankfurt).

Press Contact: Lisa Trager