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Clifford Chance advises CVC and Cinven on the agreed sale of NewDay’s portfolio of consumer credit receivables

Thu, 18 Sep 2025 12:38:00 GMT

The transaction effectively separates NewDay’s credit balance sheet from NewDay’s origination and servicing business.

The Clifford Chance team was led by private equity partners Neil Barlow and Shimin Lee alongside securitisation partners Kevin Ingram and Adam Craig, with support from the firm’s Global Head of Private Equity Jonny Myers.

The wider team included Mark Inkester, Caitlin Hagart, Abi Birch, James McMillan, Ariel Cohen, Adam Clifton, Cristina Rice, Amelia Bennett, and Joshua Higgins, who advised on Private Equity; James Watkins and Dorin Giurgi on Securitisation; Sue Hinchliffe, Nissim Massarano, and Asli Kural on Antitrust; Nicole Hemsley and Paul Harrington on Tax; Andrew Patterson on Incentives; Paul Ellison and Paul Lenihan on Regulation; and Michael Dakin and Drew Rundus on Finance.

Clifford Chance advised on the financing of Sunly’s Valmiera, Barkava, Dagda and Zirņi solar parks in Latvia

Thu, 18 Sep 2025 08:20:00 GMT

The Clifford Chance team advising on the transaction was led by Michał Jadwisiak (Counsel) and Wojciech Wątor (Senior Associate) under the supervision of Andrzej Stosio (Partner). It also included Oskar Ratajczak (Associate) and Maciej Kujawa (Associate). Christof Häfner (Partner), Zaid Mansour (Counsel), Marie Sofie Karle (Senior Associate), Franziska Buchholz (Senior Associate), Benedikt Behlert (Associate), and Levin Becker (Associate) assisted with the German law aspects of the transaction.

A separate team consisting of Irena Floras-Goode (Partner) and Agnieszka Kozikowska (Senior Associate) acted as special counsel to the European Investment Bank.

Latvian law advice to the lenders was provided by COBALT.

Clifford Chance advises London City Airport (LCY) on £490 million refinancing to support future growth initiatives

Wed, 17 Sep 2025 16:18:00 GMT

London City Airport connects to over 30 leisure and business destinations in the UK, Europe and beyond. This financing will be used to refinance the existing debt of the Company and to support future growth initiatives.

The Clifford Chance team was led by partner Julia House, with support from senior associates William Goulbourne and Lydia Morrell and associate Jacquelin Tan (Debt Finance).

Clifford Chance advises Scape Australia on landmark acquisition of Aveo

Wed, 17 Sep 2025 08:36:00 GMT

Clifford Chance also advised on the creation of a fund managed by Scape for its acquisition of Aveo.

Ben Waterfall, Senior Associate at Clifford Chance, commented:
"The acquisition of the Aveo retirement village business marks a transformational expansion of Scape Australia's business. The complexity and international aspects of the transaction highlight our firm’s cross-border capabilities and expertise handling sophisticated transactions."

Philip Podzebenko, Partner at Clifford Chance, added:
"The acquisition demonstrates Scape Australia's ambition and dynamism. It was a pleasure to support the Scape Australia team in this strategic step."

This deal follows a series of recent mandates for Scape Australia, including the transformational conversion of the Scape Core Fund, the merger of two property portfolios, and the successful capital raising of over AU$1 billion in April.

Legal Team

Led by Partner, Philip Podzebenko, Counsel, Johnny Karantonis, and Senior Associate, Benedict Waterfall, the legal team on the transaction comprised:

Sophie Alder (Associate)
Nicole Backhouse (Counsel)
Libby Berger (Associate)
Isabelle Cameron (Senior Associate)
Jianxiong Chen (Senior Associate)
Bridget Clarebrough (Associate)
Henry Garing (Associate)
Naomi Griffin (Partner)
Julia Hegarty (Graduate)
Coby Howell (Graduate)
Lisa Jiang (Senior Associate)
Sunny Jong (Counsel)
Jae-Ho Kim (Associate)
Sho Young Kim (Graduate)
Clancy King (Partner)
Ashkan Khoshab (Associate)
Isabel Lovisi (Graduate)
Michelle Ma (Associate)
Susan Nelson (Graduate)
Luna Owen (Associate)
Sanjna Pramod (Senior Associate)
Thomas Prestwidge (Associate)
Melanie Ray (Senior Associate)
Rachael Robinson (Graduate)
Julia Rowland (Associate)
Nicholas Tzortzis (Associate)
Lizzie White (Associate)
Jacinta Wild (Associate)
Ffion Williams (Senior Associate)
Ashleigh Won (Graduate)
Anthony Yelavich (Senior Associate), and
Jadene Yip (Graduate).

Clifford Chance’s international offices provided cross-border expertise, including:

Neil Barlow (Partner) and Alana McAndrews (Associate) – New York
Denzyl Ang (Associate) – Singapore, and
Julie Fu (Partner), Charmaine Lee and Emily Tong (Associates) – Hong Kong and Shanghai.

Clifford Chance hires partner Shellka Arora-Cox, strengthening US energy & infrastructure financing capabilities

Tue, 16 Sep 2025 14:00:00 GMT

Joining from Pillsbury Winthrop Shaw Pittman, Arora-Cox brings experience advising a broad range of clients, including private equity investors, developers, lenders and government institutions on US and international energy and infrastructure projects including structuring deals, assessing project risks and navigating complex financing arrangements like syndicated loans, Islamic finance and government-backed funding.

She has represented both commercial and public entities across the US, Latin America and South Asia.

Head of Global Financial Markets Emma Matebalavu says, "Shellka brings a unique combination of cross-border energy and infrastructure experience. Her track record in renewable energy project development, project and portfolio M&A, and financing—particularly across the US and international markets—will be instrumental in supporting our global clients and continued growth in the US."

Senior partner of the firm's global energy, infrastructure and projects practices Anthony Giustini says, "We are excited to continue the expansion of our energy and infrastructure team here in the US. Shellka adds additional firepower to our US E&I team for renewable energy project development and financings. Her addition will enhance our ability to deliver comprehensive, high-quality advice to the market."

Arora-Cox says, "I'm thrilled to be joining Clifford Chance and to contribute as part of a truly global team. The firm's trajectory in the US, particularly in energy project finance, presents an exciting opportunity to make a meaningful impact."

Clifford chance advises Zelestra in signing an innovative long-term tolling agreement with bkw for a new bess project

Mon, 15 Sep 2025 15:04:00 GMT

The Clifford Chance team was made up of Italian and German professionals, and was composed by partners Umberto Penco Salvi and Chiara Commis, counsels Riccardo Coassin and Zaid Mansour and senior associates Vittorio Novelli and Marie Karle.

Lead partner Umberto Penco Salvi stated «We are pleased to have assisted Zelestra in this innovative project, which represents a significant step for the energy transition in Italy. The 2 GWh BESS project, the result of a collaboration with BKW, is a concrete example of how advanced legal solutions and contractual structures can enable strategic investments in the energy storage sector.»

Clifford Chance advises Tank & Rast on refinancing and e-mobility facility

Mon, 15 Sep 2025 09:31:00 GMT

In addition, Clifford Chance advised Tank & Rast on a new €100 million e-mobility capex facility, fully dedicated to expanding Tank & Rast's e-charging infrastructure network across its on- and off-motorway service areas. Tank & Rast is very pleased to play a leading role in developing EV charging infrastructure across Germany, underscoring its strong commitment to sustainable mobility.

Tank & Rast is the leading service provider along German motorways.

The Clifford Chance team was led by London partner Alex Dimsdale Gill and German partners Simon Reitz and Bettina Steinhauer, with support from senior associates Arpan Bhatt (London) and Philip Rosak (Frankfurt). The core team also included associates Alex Walker and Joshua Malek (London) and André Weber (Frankfurt).

Clifford Chance advises Allwyn on the award of the Lotto Game for EUR 2.23 billion to Lottoitalia, a joint venture with IGT/Brightstar Lottery

Mon, 15 Sep 2025 08:14:00 GMT

Clifford Chance assisted Allwyn, a leading multinational lottery operator, on all aspects of the transaction, including the negotiation and structuring of contractual frameworks and matters relating to the administrative procedure. The multidisciplinary team from the Milan and Rome offices was led by partner Umberto Penco Salvi, supported by senior associate Michele Bernardi, and included associate Dario Carnazza for corporate M&A matters. Administrative law matters were handled by senior associate Antonella Scarciello and trainee lawyer Alice Ventrella. Foreign investment control matters were managed by partner Luciano Di Via and associate Eleonora Zappalorto. All tax aspects of the investment were overseen by partner Carlo Galli and counsel Sara Mancinelli.

Lottoitalia secured the tender with a financial offer of EUR 2.23 billion, to be paid in three instalments by April 2026. The new authorisation will be valid for nine years, extending until 2034, and ensures the continued management of one of the country’s key numerical games under the guidance of a well-established alliance of operators.

Clifford Chance represents Exxon Mobil in the announced acquisition of production facilities and related assets from Superior Graphite

Fri, 12 Sep 2025 15:45:00 GMT

The Clifford Chance team was led by partners Chang-Do Gong (M&A, New York) and Jonathan Castelan (Energy & Infrastructure, Houston), along with associates Marina Livingston, Bridget Costello, Michelle Green, and Alana McAndrews (New York). They were supported by a multi-practice team consisting of:

Environmental regulations: Partner Ty’Meka Reeves-Sobers (Houston), associate Kami McFarland (Washington, DC)
Real estate: Staff attorney Daniel Copland (New York)
Tax: Partner Philip Wagman, associate Joshua Thomas (New York)
ERISA: Partner Paul Koppel, associate David Walsh (ERISA, New York)
IP: Partner Violetta Kokolus, counsel Daryl Fairbairn(New York), lawyer Molly Margiotta (London).

Clifford Chance advises Emirates Growth Fund on landmark first investment in Tarmeem Healthcare Holding Ltd

Fri, 12 Sep 2025 13:53:00 GMT

Founded in 2019 by Dr. Ali Al Suwaidi, Tarmeem Healthcare Holding operates the Tarmeem Orthopedic and Spine Specialty Hospital in Abu Dhabi, along with medical centres in Khalifa City A and Al Ain. EGF’s investment will support Tarmeem’s expansion and further its mission to deliver premium, patient-centric care using cutting-edge technologies and clinical excellence.

Clifford Chance provided end-to-end legal support to EGF, advising on all aspects of the investment, including corporate M&A, healthcare, real estate and structuring matters. The Clifford Chance team was led by corporate partner Daud Khan and senior associate Jordan Knowles, supported by a core team including senior associate Sima Al Baterni, and associate Mehran Azzam.

Daud Khan, lead Partner, commented: “We are proud to have supported Emirates Growth Fund on this strategic and pioneering transaction. Tarmeem Healthcare Holding is a true success story. EGF’s investment underscores the exceptional value and growth potential of healthcare assets in the UAE. This deal is a testament to the strength and resilience of the UAE’s healthcare sector.”

This transaction builds on Clifford Chance’s strong track record advising on high-profile transactions in the Healthcare sector in the Middle East and globally, including the recent take-private of Hong Kong-listed Kangji Medical by a consortium led by TPG.

Clifford Chance advises Volkswagen Group on US$2 billion bond issuance

Fri, 12 Sep 2025 13:20:00 GMT

In the Rule 144A U.S. offering, Volkswagen Group raised a total of US$2 billion structured through three tranches issued by Volkswagen Group of America Finance, LLC. The banking syndicate for this transaction comprised Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC, SMBC Nikko Securities America, Inc. and Standard Chartered Bank AG. All bonds are guaranteed by Volkswagen AG, and have a rating of Baa1 by Moody's, BBB+ by S&P and A- by Fitch.

Clifford Chance regularly advises Volkswagen on the issuance of high-volume bonds in the U.S., most recently in March 2025.

The cross-border Clifford Chance team, consisting of lawyers in Frankfurt, London, and New York, comprised partner George Hacket, counsel Andrei Manea and senior associate Gordana Golubic-Huertas on U.S. Capital Markets matters as well as partner Cristina Freudenberger and transaction lawyer Felicitas Fischer on German law matters (all Capital Markets, Frankfurt), partner Kate Vyvyan and senior associate Sophie Wilkinson (both Capital Markets, London), partner Olaf Mertgen and counsel Steffen Waadt (both Tax, Frankfurt) as well as partner Avrohom Gelber (Tax, New York).

Clifford Chance advises the shareholders of Touton SA on the sale to Hartree Partners of the Touton group

Fri, 12 Sep 2025 13:01:00 GMT

Founded in 1848, Touton has established itself as a key player in the trade of cocoa, coffee, vanilla, and spices. With over 700 employees across 14 subsidiaries and 7 processing and packaging sites, the company has consistently demonstrated operational resilience and deep market insight, underpinned by a long-standing commitment to sustainable sourcing.

Hartree Partners, LP is a leading global merchant commodities firm specializing in energy, commodities and associated industries. Hartree has over 27 years of experience in proprietary trading and principal investments. The firm employs over 4,600 individuals worldwide.

The completion of the transaction is subject to obtaining regulatory approvals and the satisfaction of conditions precedent.

The Clifford Chance team included Benjamin de Blegiers and Frédéric Giancarli, partners, Alice Declercq, counsel, Antoine Chomette and Charlotte Hershkovitch, associates, on the corporate/M&A aspects, Florence Aubonnet, partner, and Clémentine Marçais, associate, on the employment aspects, David Tayar, partner, and Camille Gautier, associate, on the antitrust aspects, Guilhem Dardoize, associate, on the finance aspects, Alice Dunoyer de Segonzac, counsel, and Adèle Rattier, associate, on the compliance aspects, Alexandre Manasterski, counsel, and Lisa Fournier, associate, on the tech and commercial contracts aspects, as well as Maëlle Viatte, associate, on the litigation aspects.

Clifford Chance advised Bpifrance on adapting its debt issuance programme to permit the issuance of European Defence Bonds under the new “Bpifrance European Defence Bond Framework”

Fri, 12 Sep 2025 08:27:53 GMT

The Bpifrance European Defence Bond Framework is the first bond framework which permits a financial institution to dedicate the proceeds of bond issues to finance the European defence sector.

This pioneering initiative in the bond market aims to permit Bpifrance to support strategic companies within the Defence Industrial and Technological Base (BITD) in France and across Europe. It will enable Bpifrance to mobilise targeted financing—particularly through its Def’fi programme—in favour of SMEs, mid-caps, and other key industry players, including members of professional associations such as GICAT, GIFAS and GICAN.

The first bond issuance under this new framework is expected in September 2025. The proceeds will be exclusively allocated to eligible defence-related projects, in accordance with strict traceability and transparency criteria.

The Clifford Chance team was composed of Jonathan Lewis, partner, Sophie Guilhem-Ducléon, senior counsel, Jessica Hadid and Mathilde Drilleau, associates.

Clifford Chance advises on refinancing for a transmission line in the Dominican Republic

Thu, 11 Sep 2025 18:21:22 GMT

The Clifford Chance team advising on the deal included counsel Alberto Haito and special legal consultant Pedro Buchanan.

Clifford Chance advises on many energy and infrastructure-related transactions in Latin America, including on a financing for SIBA Energy Corporation in the Dominican Republic.

Clifford Chance boosts US private capital credentials with addition of private equity partner Andrea Gede-Lange

Thu, 11 Sep 2025 15:15:00 GMT

Joining from Fried Frank, Gede-Lange brings 20 years of experience representing private equity firms, investors and public and private companies in domestic and cross-border transactions, including leveraged buyouts, stock and asset acquisitions and divestitures, carve-out transactions, joint ventures and recapitalizations.

Jonny Myers, Global Head of Private Equity, said, "Welcoming Andrea enhances our position as trusted and established advisors, delivering for private equity clients in every region. Her extensive experience in the United States strengthens our ability to meet growing client needs locally and globally across the full private capital life cycle."

Gede-Lange says, "I look forward to joining Clifford Chance and contributing to a dynamic, collaborative and truly global team. The firm's growth and impactful work being done across the US makes this an inspiring time to join."

Gede-Lange's addition follows accelerated growth of the firm's capabilities in advising clients across the private capital life cycle in all key sectors. She joins recent private equity arrivals David Schultz and Vince Ferrito in New York, as one of 13 new partner hires, including in London, Paris, and Singapore over the past 18 months.

Clifford Chance advises Rivean Capital on the intended sale of XD Connects to Platinum Equity

Thu, 11 Sep 2025 10:53:00 GMT

Founded in 1986 and headquartered in Rijswijk, the Netherlands, XD Connects serves more than 5,000 B2B resellers and distributors, primarily across Europe, offering a broad portfolio of high-end custom-branded merchandise. The transaction is subject to customary conditions and approvals. Read more about it here.

The Clifford Chance team was led by Pieter Leefers and further consisted of Ruben van Diepen, Dolyne Munyampeta and Wouter Fonteijn (Corporate M&A), Michiel Sunderman, Stern Flik, Alec Sanderson and Cile Arnoldy (Tax), Astrid van Ommeren, Najib Muslem and Maria Boerman (Employment), Marc Besen, Lisa Rotterdam, Anne Filzmoser and Julius Schradin (Antitrust).

Clifford Chance advises on Rumah 2 and Nairyah 2 IPP Projects

Wed, 10 Sep 2025 10:24:00 GMT

The projects involve the development, financing, design, engineering, procurement, construction, permitting, testing, commissioning, insurance, ownership, operation, and maintenance of two gas fired CCGT power plants of initial capacity of at least 1,000 MW and total capacity of 1,800 MW ± 5% each, together with connection of the power plant to the grid substation, associated infrastructure, access road and facilities and ensuring the plant’s Decarbonization Readiness. These are two key strategic assets in the Kingdom of Saudi Arabia securing the population's growing energy demand.

The Clifford Chance team was led by Partners Richard Parris, Inaamul Laher and Jeremy Barker (Dubai and Abu Dhabi). The team was supported by Marius Fritz (Senior Associate, Dubai) and Suzanne Dand (Senior Associate, Abu Dhabi) and Zena Anane (Trainee, Dubai). Further team members involved were Cheuk Yin Cheung (Head of Structured Products – Middle East, Dubai), Damon Dae-II Kim and Adil Tirmizey (both Senior Associate, Abu Dhabi) and Maya Al Qazaz (Associate, Dubai) as well as Yasser Alhussain (Partner), Ali Moiz Ansari (Counsel), Ribal Wahid (Senior Associate, all ASHCC Riyadh) and Hein Tonnaer (Partner), Mike Niekoop (Counsel), Samuel Van Eijnatten (Trainee Solicitor, all Amsterdam) and Yusuke Abe (Partner), Masato Fujinaka (Associate) and Nao Kondo (Associate, all Tokyo).

Richard Parris, Partner commented "These landmark projects reflect the continued evolution of the region’s energy landscape. Our involvement from bid to close demonstrates Clifford Chance’s deep sector expertise and our commitment to supporting clients in delivering complex, strategically significant infrastructure." and added "We are proud to have supported TAQA, JERA, and AlBawani Capital on these transformative IPP projects. The innovative financing structure and decarbonization readiness of the plants underscore the sponsors’ forward-looking approach and the Kingdom’s energy transition ambitions."

Jeremy Barker, Partner said: "This transaction highlights the strength of our regional team and our ability to navigate multifaceted cross-border mandates. It’s a privilege to work alongside clients who are shaping the future of energy in the Middle East."

Inaamul Laher, Partner commented: "Delivering two large-scale CCGT power plants in parallel required meticulous coordination across engineering, procurement, and construction workstreams. Our role was to ensure the sponsors had the legal and commercial frameworks in place to manage complexity, mitigate risk, and drive successful execution on the ground."

Clifford Chance has a long-standing track record of advising on complex and innovative power and infrastructure projects in the Middle East, reflecting the firm's commitment to supporting the region's energy transition and infrastructure development.

Consistently ranked Band 1 in legal directories, Clifford Chance was awarded 15 awards at the Bonds, Loans & Sukuk Awards 2023 and 8 awards at the IFLR Middle East Awards 2023. Clifford Chance was named International Law Firm of the Year at the IFLR Middle East Awards 2023, International Law Firm of the Year (Middle East) at the Middle East Legal Awards 2023 and Middle East International Law Firm of the Year at the Chambers Middle East Awards 2023.

Clifford Chance advises Permira on a $525 million strategic investment led by the Permira funds in Property Finder

Tue, 09 Sep 2025 15:37:20 GMT

The Clifford Chance team was led by partner Bruce Embley, together with partners Lynn Ammar and Emma Ghaffari, and senior associates Joshua Reynolds, Joshua Higgins and Mhairi Cruickshank.

Clifford Chance advises Huhtamaki on its EMTN programme establishment and the inaugural issuance thereunder

Tue, 09 Sep 2025 14:37:00 GMT

It was a privilege to support Huhtamaki on these important milestones and this transaction builds on Clifford Chance's extensive experience advising on international issuances by Finnish issuers.

The Clifford Chance team was led by partner Kate Vyvyan with support from senior associate John Thomson and trainee solicitor Bailey James.

Clifford Chance advises international banking syndicate on $750 million convertible bond issuance of QIAGEN N.V.

Tue, 09 Sep 2025 09:21:56 GMT

The Bonds were issued at par, and will pay a coupon of 2.0% p.a., payable semi-annually in arrear and will, unless previously converted, be redeemed or repurchased and cancelled, at par at maturity. The conversion premium was set at 40% above the reference share price of $46.17, being the volume weighted average price of the Shares on the New York Stock Exchange on 28 August 2025.

The Clifford Chance advisory team consisted of partners George Hacket, Cristina Freudenberger and Axel Wittmann, senior associate Carla Winslow-Kruger and transaction lawyers Felicitas Fischer and Lilli Neubauer (all Global Financial Markets, Frankfurt).