Clifford Chance

Clifford Chance advises CVC on significant investment in Airalo

17 July 2025

• Tom Lin, Winky Su, Don McCombie, Devika Kornbacher, Hayley Kwan, Ricky Legg, Richard Blewett, Selman Ansari, Alexander Duffy, Alastair Windass, Reuven Falik, Francesca Baker, Robert Houck, Tess Forge, Neil Barlow, Wesley Tan, Matt Bergerud
• Singapore, London, Brussels, Houston, Riyadh (AS&H Clifford Chance), New York

Clifford Chance advises CVC on significant investment in Airalo

Global law firm Clifford Chance has advised CVC Capital Partners on its investment in Airalo. The transaction represents a significant milestone for Airalo in reportedly bringing its valuation to over US$1 billion following a period of rapid expansion. Founded in 2019, Airalo provides eSim services in more than 200 countries and regions to over 20 million users globally.

Partner Tom Lin commented, "We are delighted to have supported our longstanding client CVC on another significant transaction. The investment comes at an opportune time for leading platforms such as Airalo which have the scale and reach to redefine global connectivity.”

Tom and associate Winky Su led a global, cross-practice team that delivered integrated specialist advice across:

• IP and Tech: Partners Don McCombie and Devika Kornbacher, and associates Hayley Kwan and Ricky Legg;
• Competition: Partner Richard Blewett, counsel Selman Ansari and senior associate Alexander Duffy;
• Employment: Partners Alastair Windass and Reuven Falik, and senior associate Francesca Baker;
• Compliance: Partner Robert G. Houck and counsel Tess Forge; and
• Private Equity M&A: Partner Neil Barlow, counsel Wesley Tan and associates Matt Bergerud and Ariel Cohen.