Dentons advised Sumitomo Chemical on its participation in the expansion of the refining and petrochemical complex owned and operated by Rabigh Refining & Petrochemical Company (Petro Rabigh). Sumitomo Chemical is a founding shareholder of, Petro Rabigh together with Saudi Aramco. The expansion project reached financial close on 16 March 2015 and the total project cost is estimated at US$8 billion. Sumitomo Chemical's participation will initially take the form of a US$1 billion equity bridge loan guaranteed by Sumitomo Chemical, alongside a similar loan guaranteed by Saudi Aramco.

Linklaters provided extensive financing advice to the project company Nordsee One GmbH operating the offshore wind farm Nordsee One, with an investment volume of EUR 1.2 billion. The project sponsors, Northland Power Inc. and RWE Innogy GmbH, Essen, announced today that the financial close has been reached and the full financing necessary for the project (equity and debt) has been placed. Northland holds an 85-percent share in the offshore wind farm, and RWE holds the remaining 15 percent.

Clifford Chance has advised a consortium of international banks on the financing of an offshore wind farm off the northern coast of Germany called "Nordsee One".

The ten banks participating in the consortium advised by Clifford Chance included ABN AMRO, Bank of Montreal, Commerzbank, Export Development Canada, Helaba, KfW IPEX, National Bank of Canada, Natixis, Rabobank and The Bank of Tokyo-Mitsubishi. In total, they are providing approximately 70% of the project’s required costs by way of an EUR 840 million non-recourse secured facility.

Ashurst has advised the Education Funding Agency (EFA), an executive agency of the Department for Education (DfE), on the £99.5 million financing of the North East Batch of the U.K. Government's Priority Schools Building Programme (PSBP), which reached financial close on 10 March 2015.

LONDON – Allen & Overy has advised Etihad Airways, the UAE’s national carrier, on an innovative and ground breaking transaction which has seen Korean financial institutions provide a 15 year 100% financing for Etihad’s second new Airbus A380 aircraft. With no other bank debt support, it is the first pre-funded 100% financing by Korean investors for a brand new Airbus A380.

Ashurst acted as legal advisers to KfW IPEX-Bank GmbH and European Investment Bank as funders to the Papworth Hospital NHS Foundation Trust project.  Ashurst was selected as shadow legal funders by Papworth Hospital NHS Foundation Trust in 2011 with their engagement being novated to the preferred bidder, a consortium comprising Skanska and Equitix and then to the funders following a funding competition.

Linklaters has advised the consortium made up of  Borealis Infrastructure Management Inc. and Swedish national pension funds Första AP-Fonden (AP 1), and Tredje AP-Fonden (AP 3), and Swedish mutual insurance and pension savings company Folksam on the financing of its acquisition of Fortum’s electricity distribution business in Sweden. A binding agreement was signed for this today, with completion expected in Q2 2015.

The total consideration is approximately EUR 6.6 billion, making it the largest infrastructure acquisition in Europe for several years.

The financing of the Dea Group is being restructured as part of the sale of RWE Dea AG by RWE AG to LetterOne. The central component of this new financing structure is an oil and gas reserve-based acquisition loan agreement (reserve based lending facility agreement).

A team from CMS in Germany and the UK headed by lead partner Dr Thomas de la Motte advised RWE Dea AG as the target company on all aspects of the new financing structure.

Shearman & Sterling advised holding companies owned by Xavier Niel, founder and main shareholder of Iliad (Free), on the structuring and financing of the acquisition of Orange Communications SA (Orange Switzerland) from funds managed by Apax Partners for an enterprise value of 2.8 billion Swiss francs.

This acquisition, issued on December 18, 2014, was completed following the approval of the Swiss Federal Communications Commission.

Norton Rose Fulbright has acted for the financiers – Banco Santander, Commonwealth Bank of Australia, Credit Agricole CIB Australia, The Bank of Nova Scotia Asia and United Overseas Bank – on the successful ALTRAC Light Rail Consortium bid for the Sydney Light Rail PPP project. The contract for this project reached financial close on 25 February 2015.

ALTRAC Light Rail, which comprised Alstom Transport Australia, Transdev, Acciona and Capella Capital, will deliver and operate the new CBD and South East light rail in Sydney.