Clifford Chance

Clifford Chance advises UNIT on IFC's investment in UNIT Investment NV

Clifford Chance has advised UNIT on the IFC's 23% subscription in UNIT Investment NV, UNIT’s power sector development and investment arm.

The IFC, a member of the World Bank Group, and UNIT, will raise $365 million for Unit Investment NV, which will be used to strengthen the company’s balance sheet and support its growth and expansion with the development of new independent power plant projects in Europe and the Middle East.

UNIT Investment NV is headquartered in Amsterdam with operations in Turkey, Southeast Europe, and the Middle East.   

Jason Mendens, Lead Partner at Clifford Chance said:  “We are delighted to work with UNIT on this important strategic partnership. UNIT is already well known for its pioneering role in the energy markets of Turkey and the surrounding region.”

This is one of the largest power infrastructure equity deals that IFC has ever done.

The Clifford Chance team was led by Jason Mendens (M&A Partner, Doha) with assistance from Daniel Boyle (Senior Associate, Dubai) and a team of lawyers from our European and Middle East offices. 

Clifford Chance has a leading M&A practice globally and in the Middle East. The firm regularly advises on the most high profile M&A transactions in the region, including recently, for example, advising DP World Limited on the US$2.6 billion acquisition of Economic Zones World FZE.

In 2015, Clifford Chance celebrates 40 years of operations in the Middle East since opening its first office in Sharjah in 1975. Over the past four decades the Firm has expanded from a single office to having a strong presence in Abu Dhabi, Dubai, Doha and Riyadh with more than 120 permanently based lawyers in the region who are fully integrated into the Firm’s international network of 35 offices in 25 countries.