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    Americas regional coverage

    Brazil

    We have several top-tier practices and advise global clients active in the region in the following areas:

    • Corporate/M&A: focuses on strategic planning and structuring advice, public and private M&A, joint ventures, financial advisor representation, complex cross-border transactions
    • Banking & Finance: broad capabilities include project finance and bonds, corporate finance and syndicated lending – with strong experience in the energy, infrastructure and telecommunications sectors
    • Capital Markets: strong reputation for innovation in securitizations, structured products and derivatives – with expertise in both debt and equity offerings
    • Restructuring and Liability Management: multidisciplinary, business-minded approach with cross-border expertise in finance, commercial transactions and litigation
    • Investigations and Litigation: significant experience across Latin America in regulatory compliance and investigations as well as complex commercial litigation

    Our lawyers in São Paulo, New York, Washington, DC and across the globe work closely with local and international clients in Brazil and throughout the region. With a diversified team on the ground, we are able to react quickly to the needs of our clients and the dynamic Brazilian market.

    Having advised on a wide array of transactions over many years, our stable and committed team has developed important relationships and a thorough understanding of the Brazilian market. We are deeply familiar with the business, legal and regulatory landscape, not just in Brazil but throughout Latin America. Our close ties with top local law firms enable us to deliver one-stop service and the best of international and local standards.

    An impressive number of top rankings from elite independent sources recognize our groundbreaking work on significant transactions, commitment to innovation and longstanding engagement with the Brazilian and other regional markets. 

    A small sample of our work includes:

    • Banco Bradesco on its historic USD$5.2 billion acquisition of HSBC assets in Brazil, the largest M&A transaction in Latin America in 2015
    • US food manufacturer Kellogg on its USD$428 million acquisition of Brazilian biscuit maker Parati Group, its largest acquisition to date in Latin America
    • The USD$421 million IPO of Alupar Investimento, a Brazilian electricity transmission and generation company
    • Suzano on its issuance of USD$300 million 7.000% Senior Notes due 2047, the first 30 year bond issuance in paper and cellulose sector
    • Brazilian sugar and ethanol producer Usina Santa Terezinha on the restructuring of its debt
    • Brazilian mining company Samarco Mineração S.A. on financial consequences of an environmental incident suffered in late 2015 and potential restructuring of its approximately USD$4 billion in debt
    • IFC in its USD$250 million financing package for Banco Daycoval, to expand access to finance for small and medium enterprises, including women-owned businesses
    • A financial institution in Brazil in relation to investigations by the Chicago Mercantile Exchange
    • Santander Brasil and Santander Spain with respect to their USD$300 million loan to the State of São Paulo to fund its road building program, which loan was guaranteed by the Brazilian Federal Government, and in an innovative structure, also the World Bank's MIGA
    • Sumitomo in connection with the financing of the BTG Pactual's USD$758 million acquisition of Globenet's undersea telecom cable system from Oi

    Our Americas team of nearly 300 lawyers in São Paulo, New York and Washington, DC – in collaboration with thousands of lawyers across the Clifford Chance global network – has established us as a go-to firm for legal work flowing into and out of Brazil.

      Americas regional coverage

      USA

      A highly rated US team backed by a large global network

      Our clients include many of the world’s leading businesses. They rely on us for superior service, market-leading expertise and commercial counsel on their most important and challenging matters. We've built our US practices to meet these demands domestically – in fact, nearly three in four US partners were recommended in 2018 by The Legal 500 United States.

      On cross-border matters, and for clients with a full range of multijurisdictional needs, our capabilities are unmatched in the US market. Our team of approximately 300 lawyers in New York and Washington, DC works closely with the Firm's network of international lawyers practicing from more than 30 offices worldwide. Uniquely, that network includes a team of US-qualified attorneys who practice on the ground in Asia, Europe and South America. In 2018, Clifford Chance received 210 Band 1 lawyer and practice area rankings from Chambers Global – more than any other US firm by a wide margin.

      Similarly, our US Tech Group – part of the Firm's 400-lawyer-strong Global Tech Group – provides a new model in blending our technology expertise to deliver advice across transactional and litigation practices that addresses both opportunity and risk. We are making technology as pervasive in our Firm as it is in the business world.

      Collaboration is a core value within our culture. It means that we work as a team to look at our clients' needs from their perspective and offer innovative solutions that are not tied to a particular office, practice area or attorney. It also means that when catastrophic events occur, such as a cyber breach, our partners can quickly mobilize a first-rate global team to work with regulators across all jurisdictions and help with the incident response.

      Read on to learn about our US practices and why our lawyers are trusted by companies around the world on a broad range of corporate and financial transactions and high-level investigations.

      Main Areas of Practice

      Banking & Finance

      Our US Banking & Finance group represents financial institutions and corporates in connection with all manner of financial products, including complex national and multinational insolvency and restructuring proceedings, acquisition finance, bank lending, asset finance, equipment leasing and debt trading. Our top-ranked Asset Finance team includes three Tier 1 partners in New York and is among the best and most active in the world in advising on large aircraft finance transactions.

      We are also a recognized leader in Project Finance, with two Tier 1 partners. Our US-based attorneys represent lenders, sponsors and developers on financings for projects in the US and across Latin America, including in the renewables, oil and gas, infrastructure, telecoms and petrochemicals sectors. In Latin America, Clifford Chance has topped the project finance league tables two of the past three years, and we were named the 2018 Project Finance Law Firm of the Year by IFLR.

      Our US Financial Services Regulatory Group comprises attorneys from transactional and litigation practices to create a single access point for advice on risks and regulatory obligations across international markets.

      Contact: Zarrar Sehgal

      Capital Markets

      Our US Capital Markets practice has an outstanding reputation for developing innovative solutions in the expanding area of specialty finance, especially in relation to permanent capital vehicles and alternative REIT structures.

      The Firm advises on the full range of capital-raising transactions in the US, representing issuers, underwriters, sponsors and selling stockholders. Our US REIT practice has been ranked Tier 1 for more than a decade and has led the way in exporting the product to Mexico, where we advised on the first FIBRA, and to Europe, where we advised on the first US REIT comprised of non-US real estate assets.

      Product coverage includes IPOs (for both US and non-US companies listing on US exchanges), secondary equity, private placements, preferred equity, equity-linked products, debt and high-yield offerings. Our team also represents numerous investment banks as underwriters of securities issued by closed-end funds and is regularly engaged in fund creation work for US registered open-end and closed-end funds and hedge funds. We are frequently instructed on cross-border capital markets matters, with a principal focus on Latin America.

      Our team has been at the forefront of developing structured products, representing clients across a broad spectrum of securitization and other structured capital markets products, and in derivative products, in the US and internationally.

      Contacts: Kathleen Werner and Jonathan Zonis

      Corporate

      We have long advised clients on high-end, business-critical mergers, acquisitions, dispositions and joint ventures. Our clients include public and private companies, investment banks and financial institutions, and private equity firms. Our lawyers advise on the full spectrum of M&A products and services, and we regularly handle US inbound foreign direct investments for non-US clients. In Latin America, Clifford Chance topped Bloomberg's 2017 M&A league table, advising on the most deals in the region, and is recognized as Tier 1 by Legal 500 Latin America for Corporate/M&A.

      Our US Insurance team is a leader in M&A transactions, innovative risk-transfer and capital-raising transactions, insurtech and strategic regulatory matters, and our lawyers have done pioneering work in the non-payment insurance space. We are also the market leader in forming alternative capital insurance and reinsurance companies, having advised on deals with an aggregate value of more than US$14 billion in the life insurance and P&C insurance space.

      Our Funds & Investment Management team advises on an especially broad range of mandates, with notable strength in the US real estate and asset/structured finance sectors. We have extensive experience with private equity, real estate and debt funds, as well as large limited partner investments and secondaries transactions.

      Contact: David Brinton

      Litigation & Dispute Resolution

      Our US Litigation & Dispute Resolution team represents many of the largest global financial institutions, leading companies, governments and international organizations, as well as individuals from the business community, in some of the market's largest and highest-profile US disputes.

      We help clients resolve complex disputes in a manner that reflects their global business objectives, and we are frequently called upon to conduct critical domestic and cross-border investigations. Our team defends multifaceted and high-risk securities class actions and boasts a highly regarded white collar and enforcement capability.

      Our trial expertise includes all types of civil and criminal cases before juries and judges in multiple jurisdictions, as well as appellate matters before national and international courts and tribunals. In addition to helping clients through the challenges of a trial, our US litigators offer in-depth guidance regarding the development of compliance programs to assist in minimizing future risks.

      Contact: David DiBari

      Real Estate

      Our US Real Estate group focuses on the legal issues and commercial challenges involved in dealing with acquisitions and sales, preferred equity structures, joint ventures, limited partnerships, REITs and other co-investment arrangements, leasing, mortgage loans and credit facilities and mezzanine loans.

      We are also a market leader for cross-border transactions and regularly represent investors in the acquisition of trophy-type properties and large portfolios that often require complex structuring and significant tax planning.

      Contact: Ness Cohen

      Tax, Pensions & Employment

      Our Tax lawyers are often credited with devising solutions that are not only innovative, but in themselves pave the way for complex transactions to close – for example, the US$100 billion AB InBev / SABMiller merger. The group regularly advises on US and international taxation, covering corporate and commercial transactions, equity and debt offerings, real estate and private equity funds and investments, financing and securitization transactions, tax-efficient structured transactions, insurance taxation, charitable organizations and the resolution of tax disputes.

      We offer an in-depth understanding of the rapidly changing US tax rules, and we combine that with easy access to the Firm's global network of tax attorneys with extensive knowledge of international tax systems and how they interlink. Our team is trusted by clients to ensure that deal structures fit with their broader business goals and risk tolerance.

      The group is ranked Band 1 in the US for Tax: Financial Products and has a particularly strong reputation for its tax work in supporting REIT and insurance structures.

      Our employee benefits and executive compensation lawyers regularly advise domestic and multinational companies on critical employment matters in the context of M&A transactions, including the treatment of equity compensation, negotiating employment agreements and pension plan terminations. We also advise on all aspects of Title I of ERISA, including fiduciary issues in connection with the investment of employee benefit plan assets as well as the fiduciary responsibility requirements that pension plan investment committees must comply with.

      Contact: Richard Catalano

        Americas regional coverage

        Latin America Group

        A highly rated US team backed by a large global network

        Our clients include many of the world’s leading businesses. They rely on us for superior service, market-leading expertise and commercial counsel on their most important and challenging matters. We've built our US practices to meet these demands domestically – in fact, nearly three in four US partners were recommended in 2018 by The Legal 500 United States.

        On cross-border matters, and for clients with a full range of multijurisdictional needs, our capabilities are unmatched in the US market. Our team of approximately 300 lawyers in New York and Washington, DC works closely with the Firm's network of international lawyers practicing from more than 30 offices worldwide. Uniquely, that network includes a team of US-qualified attorneys who practice on the ground in Asia, Europe and South America. In 2018, Clifford Chance received 210 Band 1 lawyer and practice area rankings from Chambers Global – more than any other US firm by a wide margin.

        Similarly, our US Tech Group – part of the Firm's 400-lawyer-strong Global Tech Group – provides a new model in blending our technology expertise to deliver advice across transactional and litigation practices that addresses both opportunity and risk. We are making technology as pervasive in our Firm as it is in the business world.

        Collaboration is a core value within our culture. It means that we work as a team to look at our clients' needs from their perspective and offer innovative solutions that are not tied to a particular office, practice area or attorney. It also means that when catastrophic events occur, such as a cyber breach, our partners can quickly mobilize a first-rate global team to work with regulators across all jurisdictions and help with the incident response.

        Read on to learn about our US practices and why our lawyers are trusted by companies around the world on a broad range of corporate and financial transactions and high-level investigations.

        Main Areas of Practice

        Banking & Finance

        Our US Banking & Finance group represents financial institutions and corporates in connection with all manner of financial products, including complex national and multinational insolvency and restructuring proceedings, acquisition finance, bank lending, asset finance, equipment leasing and debt trading. Our top-ranked Asset Finance team includes three Tier 1 partners in New York and is among the best and most active in the world in advising on large aircraft finance transactions.

        We are also a recognized leader in Project Finance, with two Tier 1 partners. Our US-based attorneys represent lenders, sponsors and developers on financings for projects in the US and across Latin America, including in the renewables, oil and gas, infrastructure, telecoms and petrochemicals sectors. In Latin America, Clifford Chance has topped the project finance league tables two of the past three years, and we were named the 2018 Project Finance Law Firm of the Year by IFLR.

        Our US Financial Services Regulatory Group comprises attorneys from transactional and litigation practices to create a single access point for advice on risks and regulatory obligations across international markets.

        Contact: Zarrar Sehgal

        Capital Markets

        Our US Capital Markets practice has an outstanding reputation for developing innovative solutions in the expanding area of specialty finance, especially in relation to permanent capital vehicles and alternative REIT structures.

        The Firm advises on the full range of capital-raising transactions in the US, representing issuers, underwriters, sponsors and selling stockholders. Our US REIT practice has been ranked Tier 1 for more than a decade and has led the way in exporting the product to Mexico, where we advised on the first FIBRA, and to Europe, where we advised on the first US REIT comprised of non-US real estate assets.

        Product coverage includes IPOs (for both US and non-US companies listing on US exchanges), secondary equity, private placements, preferred equity, equity-linked products, debt and high-yield offerings. Our team also represents numerous investment banks as underwriters of securities issued by closed-end funds and is regularly engaged in fund creation work for US registered open-end and closed-end funds and hedge funds. We are frequently instructed on cross-border capital markets matters, with a principal focus on Latin America.

        Our team has been at the forefront of developing structured products, representing clients across a broad spectrum of securitization and other structured capital markets products, and in derivative products, in the US and internationally.

        Contacts: Kathleen Werner and Jonathan Zonis

        Corporate

        We have long advised clients on high-end, business-critical mergers, acquisitions, dispositions and joint ventures. Our clients include public and private companies, investment banks and financial institutions, and private equity firms. Our lawyers advise on the full spectrum of M&A products and services, and we regularly handle US inbound foreign direct investments for non-US clients. In Latin America, Clifford Chance topped Bloomberg's 2017 M&A league table, advising on the most deals in the region, and is recognized as Tier 1 by Legal 500 Latin America for Corporate/M&A.

        Our US Insurance team is a leader in M&A transactions, innovative risk-transfer and capital-raising transactions, insurtech and strategic regulatory matters, and our lawyers have done pioneering work in the non-payment insurance space. We are also the market leader in forming alternative capital insurance and reinsurance companies, having advised on deals with an aggregate value of more than US$14 billion in the life insurance and P&C insurance space.

        Our Funds & Investment Management team advises on an especially broad range of mandates, with notable strength in the US real estate and asset/structured finance sectors. We have extensive experience with private equity, real estate and debt funds, as well as large limited partner investments and secondaries transactions.

        Contact: David Brinton

        Litigation & Dispute Resolution

        Our US Litigation & Dispute Resolution team represents many of the largest global financial institutions, leading companies, governments and international organizations, as well as individuals from the business community, in some of the market's largest and highest-profile US disputes.

        We help clients resolve complex disputes in a manner that reflects their global business objectives, and we are frequently called upon to conduct critical domestic and cross-border investigations. Our team defends multifaceted and high-risk securities class actions and boasts a highly regarded white collar and enforcement capability.

        Our trial expertise includes all types of civil and criminal cases before juries and judges in multiple jurisdictions, as well as appellate matters before national and international courts and tribunals. In addition to helping clients through the challenges of a trial, our US litigators offer in-depth guidance regarding the development of compliance programs to assist in minimizing future risks.

        Contact: David DiBari

        Real Estate

        Our US Real Estate group focuses on the legal issues and commercial challenges involved in dealing with acquisitions and sales, preferred equity structures, joint ventures, limited partnerships, REITs and other co-investment arrangements, leasing, mortgage loans and credit facilities and mezzanine loans.

        We are also a market leader for cross-border transactions and regularly represent investors in the acquisition of trophy-type properties and large portfolios that often require complex structuring and significant tax planning.

        Contact: Ness Cohen

        Tax, Pensions & Employment

        Our Tax lawyers are often credited with devising solutions that are not only innovative, but in themselves pave the way for complex transactions to close – for example, the US$100 billion AB InBev / SABMiller merger. The group regularly advises on US and international taxation, covering corporate and commercial transactions, equity and debt offerings, real estate and private equity funds and investments, financing and securitization transactions, tax-efficient structured transactions, insurance taxation, charitable organizations and the resolution of tax disputes.

        We offer an in-depth understanding of the rapidly changing US tax rules, and we combine that with easy access to the Firm's global network of tax attorneys with extensive knowledge of international tax systems and how they interlink. Our team is trusted by clients to ensure that deal structures fit with their broader business goals and risk tolerance.

        The group is ranked Band 1 in the US for Tax: Financial Products and has a particularly strong reputation for its tax work in supporting REIT and insurance structures.

        Our employee benefits and executive compensation lawyers regularly advise domestic and multinational companies on critical employment matters in the context of M&A transactions, including the treatment of equity compensation, negotiating employment agreements and pension plan terminations. We also advise on all aspects of Title I of ERISA, including fiduciary issues in connection with the investment of employee benefit plan assets as well as the fiduciary responsibility requirements that pension plan investment committees must comply with.

        Contact: Richard Catalano

        Americas regional coverage

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        We work with domestic, regional and international clients in the US and across Latin America. We advise on in-bound and out-bound capital markets, M&A and finance work in Brazil, have a growing international arbitration practice, and have broadly advised Latin American clients for more than 30 years.

        We work for clients across and beyond the Americas region

        Our offices in New York, Washington, D.C. and São Paulo give our clients ready access to the financial and political centers of the US and an expanding number of opportunities in Latin America. We have a team of nearly 300 lawyers and a thorough understanding of US, Latin American and global markets.

        We have worked on thousands of transactions across the Americas and on significant cross-border deals where investments flowed within and outside the region.

        In Latin America, we represented international lenders in the USD$5.25 billion expansion of the Panama Canal. We also worked on the complex airline merger of LAN in Chile and TAM in Brazil that in 2013 created LATAM Airlines, one of the largest carriers in the world. In the US, we advised Kraft on its USD$19.5 billion acquisition of Cadbury and are advising the owners of the Empire State building on its planned IPO. To find out more about our work with clients in the US, follow the country links on the left.

        We have achieved several firsts in Latin America

        We were the first international law firm to open an office in São Paulo (1998). More recently, we advised on the IPO of the first Mexican REIT, Fibra Uno, and two follow-on offerings totalling nearly USD$2.5 billion – an enormous sum in any market for a new product offering. We also advised a syndicate of 13 international banks and a consortium of Mexican banks on the Eurus wind project in Mexico – the financing represented the largest loan package ever for a renewable energy project in Latin America.

        Clifford Chance is a "go to" firm for international M&A, Capital Markets and Projects work across Latin America. For example, we advised on Rodoanel Oeste, part of the 110-mile São Paulo metropolitan beltway project – one of the largest infrastructure projects Brazil has ever undertaken. We also advised on the expansion and upgrade of the Juan Santamaría International Airport in Costa Rica, and on numerous hydro, gas, wind and other types of power plant projects across the region.

        In a 28-day period in 2012, our Latin America practice advised 12 clients on eight debt deals totalling nearly USD$4 billion One deal in particular – Clifford Chance's representation of Banco do Brasil on its issuance of USD$1 billion in securities – stands out for being one of the first bank offerings in the world to contemplate the Basel III guidelines.

        Additionally, Chambers Latin America continues to rate us Tier One for both Corporate/M&A: International and Capital Markets; International in Brazil, and for Projects Latin America-wide.

        To find out more about our work with clients in the Americas, follow the country links below:

        Recent highlights

        Awards and milestones

        Capital Markets and Tax, Pensions and Employment

        • Mergers & Acquisitions Tax Deal of the Year – Finance Monthly Tax Awards 2017, Global Finance Deal of the Year: Acquisition Finance by 2016 Global Legal Awards 2016 [AbInBev/SAB Miller]

        Insurance

        • Insurance Day 
          Harrington Re: Transaction of the Year (2016)

        Asset Finance

        • AirFinance Journal Editor's Deal of the Year: Labrador (GECAS) ABS
        • The American Lawyer's Global Finance Deal of the Year: Aviation Finance: LATAM EETC
        • Chamber USA 2017: Transportation: Aviation: Finance – Band 1
        • Legal 500 US 2017: Finance: Asset Finance and Leasing – Tier 1

        Project Finance

        • LatinFinance 2016 Project & Infrastructure Finance Awards:

          • Best Road Financing and Best Infrastructure Financing – Andes Clifford Chance acted as advisor to Goldman Sachs in arranging a unique package to fund the Pacifico 3 highway, the first-ever 4G toll road project to be financed internationally and the first project bond ever in Colombia. The USD$650 million (COP$2.17 trillion) financing involved an elaborate combination of bank loans and bonds, which LatinFinance confirms set the deal apart for double recognition this year.
          • Best Transport Financing and Best Bond In another transaction that earned multiple awards, Clifford Chance advised on Peru's first subway project, representing Metro de Lima Linea 2 S.A. and its sponsors in a US$1.15 billion bond financing – the largest-ever infrastructure securitization from Peru and the largest for a Peruvian public-private partnership executed in the global capital markets. The innovative multi-source financing structure also included USD$800 million in a separately structured facility with an export credit agency, and multilateral and commercial institutions. With respect to the bond financing, LatinFinance reported that "investors flocked to the bond trade after a global marketing campaign."
          • Best Port Financing The Firm advised IDB, IFC and the China Co-Financing Fund for Latin America and the Caribbean in the USD$260 million financing of the Manzanillo port in Mexico. LatinFinance cited the transaction's far-reaching implications for Mexico's port city, which is now well placed to "corner foreign trade" in the country's growing automotive industry.
          • Best Infrastructure Financing – Brazil Clifford Chance advised Natixis and a syndicate of other lenders providing Seaborn Networks with funding for Seabras-1, the first-ever submarine fiber optic cable network directly linking New York and São Paulo. The Firm's work stands out for bringing a project finance structure to a traditionally difficult asset class, and for structuring the first such financing backed by an export credit agency – in this case, the French agency COFACE. Seaborn CEO Larry Schwartz remarked that the financing could serve as a "model for financing other subsea cable projects around the world."
        • Top Tier ranking, Chambers Global 2017: Latin America-wide: Energy & Natural Resources
        • Top Tier ranking, Chambers Global 2017: Latin America-wide: Projects
        • IFLR Project Finance Deal of the Year 2016: Lima Metro Line 2, Peru

        Recent assignments

        Capital Markets

        • Advised Yes! Communities in a recapitalization that involved the formation of a joint venture between Stockbridge Capital Group LLC, GIC, PSERS and a sovereign wealth fund with respect to a USD$2 billion portfolio of manufactured home assets.
        • Advised on the formation and USD$250 million groundbreaking initial public offering and concurrent private placement of Safety, Income and Growth, Inc. (SAFE). Formed and wholly owned by real estate investment firm iStar Inc., SAFE is the first public REIT to own, manage, finance and capitalize ground net leases.
        • Represented the underwriters in connection with the US$241.6 million initial public offering and NYSE listing of KKR Real Estate Finance Trust Inc., a commercial mortgage REIT sponsored by KKR.
        • Advised Peru's largest state-owned company, Petróleos del Perú - Petroperú S.A., as issuer, in its first-ever international bond offering. Petroperú raised nearly US$2 billion in net proceeds to finance a modernization project related to its Talara Refinery (Refinería de Talara).
        • Represented Chimera Investment Corporation in their inaugural purchase and subsequent securitization of seasoned residential mortgage loans acquired from Freddie Mac.
        • Represented National Storage Affiliates Trust, an NYSE-listed self-storage REIT, and certain of their subsidiaries in connection with the formation of a programmatic joint venture with a major state pension fund for the purpose of acquiring a 66 property portfolio of self-storage properties operated by iStorage as well as subsequent acquisitions within designated exclusive territories.

        Tax Pensions & Employment

        • Advised Fannie Mae on a potential new structure for its benchmark Connecticut Avenue SecuritiesTM (CAS) credit risk transfer program, which is expected to expand the investor base for CAS securities by addressing certain tax constraints that currently exist for REITs and foreign investors
        • Served as U.S. tax counsel to ESRT in connection with Qatar Investment Authority's (QIA) $622 million investment in ESRT, representing a 9.9% fully diluted interest in the company
        • Represented the two anchor investors in SoftBank Vision Fund's US$100 billion technology focused investment fund, currently the world's biggest private equity fund

        Corporate and M&A

        • Advised Mondelēz International Inc. on the combination of its global coffee business with D.E. Master Blenders 1753 B.V. to form Jacobs Douwe Egberts (JDE) and the subsequent acquisition by the shareholders of JDE of Keurig Green Mountain for $13.9 billion
        • Advised The Coca-Cola Company and its largest bottler, Coca-Cola FEMSA, on their $575 million acquisition of AdeS, a soy-based beverage maker that was owned by Unilever
        • Advised Actis on the establishment of a Pan-Latin American renewable energy platform, Atlas Renewable Energy, and the acquisition of over 1,500 MW of solar PV assets from SunEdison in Latin America
        • Advised Informa in its US$1.56 billion acquisition of Penton Business Media from Wasserstein & Co. and MidOcean Partners LLP

        Real Estate

        • Yes! Communities in restructuring its business that involved the formation of a joint venture with a group of investors, including an Asian sovereign wealth fund and an Asian pension fund, with respect to a US$2 billion portfolio of manufactured home assets
        • National Storage Affiliates Trust on its self-storage REIT IPO and roll-up that included a novel ownership structure, and on its formation of a joint venture with a state pension fund to acquire a US$650 million property
        • J. Safra Real Estate (Safra) on its acquisitions of a number of U.S. properties in excess of US$800 million
        • Madison International Realty on its recapitalization of Madison's 49% joint venture interest in a 15 property portfolio of retail assets in the New York City metropolitan area at a value of more than US$1.282 billion

        Insurance

        • Advising on the formation and capital raise of several large reinsurance vehicles including Watford Re (initial capital raise of US$1.1 billion), Harrington Re Ltd. (initial capital raise of US$600 million), KaylaRe Ltd. (initial capital raise of US$620 million), Premia Holdings Ltd. (initial capital raise of US$510 million), and Fidelis Insurance Holdings Limited (initial capital raise of US$1.5 billion); we are regarded as the leading industry experts in forming alternative capital insurance and reinsurance companies
        • Jardine Lloyd Thompson Group in its acquisition of Towers Watson’s reinsurance brokerage unit
        • China Minsheng Investment Corp., Ltd. in the acquisition of its US$2.6 billion Sirius International Insurance Group Ltd from White Mountains Insurance Group Ltd
        • MasterCard International in the restructuring of its worldwide (100+ countries) insurance operations

        Asset Finance

        • Advised Avolon Holdings Limited in its US$10.38 billion acquisition of the aircraft leasing business of CIT Group
        • Advised LATAM Airlines Group S.A. in its inaugural issuance of US$1 billion Enhanced Equipment Trust Certificates (EETCs)
        • Advised GECAS and its affiliates in the sale of 20 aircraft, with an appraised value of approximately US$1 million, to Labrador Aviation Finance Limited, in an aircraft ABS transaction involving Korean equity investors
        • Advised Milestone Aviation Group in connection with its US$1.775 billion sale to GECAS
        • Advised Global Jet Capital in the financing of a large portfolio of business jets, a deal that is valued at approximately US$2.5 billion of net assets and includes more than 300 aircraft across the US, Canada, Mexico and Latin America

        Project Finance

        • Advised Goldman Sachs (as initial purchaser) and Bancolombia, Corpbanca and the Compartimento de Deuda Privada Infraestructura Debt Fund (as senior lenders) in the approximately US$877 million multi-source and multi-currency financing for the Conexión Pacífico 3 toll road project in Colombia, which included a combination of Rule 144A/Reg S US$ bonds and COP bonds, COP and UVR commercial bank and debt fund loans, a subordinated revolving liquidity facility and currency hedges
        • Advised Citigroup Global Markets, Credit Suisse Securities and Export Development Canada as lenders in the structuring of a project financing for the Tucumán and Loma Campana II thermal power plants being developed by Argentina's state-run energy company YPF Energía Eléctrica and GE Energy Financial Services – the first international project finance loan to close in Argentina in more than a decade
        • Advised the consortium that was awarded a US$5 billion long-term concession to design, build, finance and operate the future Line 2 of the Lima and Callao Metro in connection with its multi-tranche financing
        • Advised the IDB and IIC in connection with the financing of the Campo Palomas wind project Uruguay, and with the subsequent B Bond refinancing in August 2017 (this is the second B bond financing to be done by IDB, and the first for IIC)

        Directory listings and client comments

        • "Clifford Chance's New York-based REITs practice attracts clients through its excellent subject matter expertise, responsiveness and business acumen."
          Legal 500: United States 2017 – REITs
        • "One source states: 'Clifford Chance has put together a really first-rate team that is highly regarded in the city… Clients praise the team as 'very globally joined up' and 'meticulous in terms of thoroughness and rigor of advice and analysis,' adding that it does an 'excellent job.'"
          Legal 500: United States 2017 – White Collar Crime & Government
        • "Clifford Chance’s clients value the firm’s ‘deep industry knowledge, prompt turnarounds, market-driven commercial advice and practical legal guidance.’"
          Legal 500: United States 2017 – Private Equity Funds
        • "Clients are quick to praise the firm's abilities to handle complex matters, with one source commenting: ‘This is my firm of choice. The lawyers work well together and you are always well taken care of - they always have full coverage. Our transactions were hard projects but it was unbelievable the way the team pulled them off.’"
          Chambers Latin America 2017: Latin America Wide – Projects – Band 1
        • "Clifford Chance is recommended for ‘larger and international M&A deals’ and is praised for its ‘extraordinary level of service.’ The team is ‘very loyal and engaged’ and demonstrates real familiarity with clients’ businesses."
          Legal 500: United States 2017 – M&A/Corporate and Commercial
        • "Capital Markets team members noted for being "incredibly commercial [with] an incredible ability to boil down complex issues into more easily understandable concepts," and for offering" ideas that are new and innovative."
          Chambers: USA, 2017 – Capital Markets: Derivatives, Capital Markets: Securitisations
        • "Clifford Chance's asset finance group "specializes in acting for investment banks, operating lessors and export credit agencies (ECAs) in matters ranging from aircraft securitisations to fleet acquisitions."
          Legal 500: United States 2017 – Asset Finance and Leasing
        • "Insurance team noted for its "'very creative, entrepreneurial and commercial ' approach to deals, as well as 'encyclopedic knowledge of even the finest points and pragmatic solutions to seemingly complex problems.'"
          Chambers: USA, 2017 – Insurance: Transactional & Regulatory
        • "The team at Clifford Chance is noted for its "depth of knowledge" and for being "extremely good at problem solving" and "tireless and unflappable during difficult assignments."
          Legal 500: United States 2017 – Tax: Financial Products

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