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Clifford Chance

Clifford Chance
Emma Folds

Emma Folds

Partner

Partner
Emma Folds

Emma Folds specialises in domestic and cross border lending.

Emma is experienced in structuring, negotiating and documenting leveraged buy-outs and other acquisition finance transactions, infrastructure financings and investment grade loans. Emma also advises on high profile restructurings.

Restructuring

  • Matalan plc on its CLBILS Facility
  • The lenders in relation to the restructuring of Celsa UK
  • A prospective purchaser of the Thomas Cook group
  • The lenders in relation to Carillion plc
  • The second lien lenders in relation to the restructuring of the HC Starck group
  • The CoCom in relation to the restructuring of the Pelican Rouge group
  • Two syndicates of lenders and four bilateral lenders in relation to the recapitalisation of Outokumpu Oyj

Leveraged Finance

  • The lenders to the Imagina Group
  • The super senior revolving credit facility sitting alongside eDreams ODIGEO's high yield bond issue
  • On the financing for Cinven and CPPIB’s acquisition of Hotelbeds Group
  • On the pari passu bank bond financing for the Antolin Group
  • On the pari passu bank bond financing for Gestamp Automoción, S.A.

Infrastructure Finance

  • On the holdco financing for the Nortegas group
  • CK Infrastructure Holdings on its bid for Electricity North West and Cory Riverside
  • CK Infrastructure Holdings on its EUR 5.4 billion bid for the ista group including a EUR 1.99 billion bank financing
  • A Chinese bidder on the financing for its bid for the UK M6 toll road
  • On the financing for OTPP and Macquarie’s bid for Koole Tank Terminals
  • On the financing for CKI's bids for the Fortum Finland and Fortum Sweden assets

Investment Grade

  • On the USD$800 million revolving credit facility for Weir Group PLC
  • On the USD$1 billion refinancing for Bacardi Limited
  • The bank in relation to a £1 billion financing for Compass Group plc
  • The banks on the financings for RPC Group plc's public takeover of BPI and private acquisition of three companies in the Letica group
  • On a £3.60 billion revolving credit facility for British Telecommunications plc's acquisition of EE Limited
  • On the US$2.5 billion refinancing for the WPP Group

News and client work

View all news and client work featuring Emma Folds

Contact details

Career and qualifications

  • Lady Margaret Hall, Oxford (MA - Modern History) 1994
  • Admitted as a solicitor in England & Wales 1998
  • Trainee Solicitor and Qualified Solicitor at Wilde Sapte, subsequently Denton Wilde Sapte - 1996 to 2000
  • Joined Clifford Chance 2000
  • Partner since 2006

Awards and citations

  • Emma Folds has a respected corporate lending and debt restructuring practice and is praised for her representation of banks and alternative capital providers. Clients say: "She gives you immense confidence and is very straightforward at explaining things to people with varying degrees of knowledge. She has a calming easy manner and is responsive and always available.“
    Chambers 2020
  • Emma "engenders total confidence, and has a comprehensive understanding of what is important versus what is not important"
    Chambers 2019
  • Emma is "one of the smartest, most diligent and meticulous lawyers I have ever come across", "she is incredibly knowledgeable and is a lawyer you can trust and completely rely on"
    Chambers 2018 
  • Emma Folds is a "diligent, commercially astute" practitioner with a "strong work ethic."
    Chambers UK 2017
  • Emma Folds impresses clients and peers alike with her capable handling of corporate lendings, acquisition financings and restructurings.
    Chambers UK 2016