Clifford Chance has advised family ofifice Sev.en Global Investments on the acquisition of the steel market leaders Celsa Steel UK and Celsa Nordics from Celsa.

Sev.en Global Investments is a Czech-based investment group that invests globally in a variety of sectors, with a focus on power generation and mining of natural resources.

Celsa Steel UK, recognized as the largest steel recycling company in the UK, operates a facility in Cardiff with an annual production capacity of 1.2 million tonnes of low-carbon construction steel. Celsa Nordics, standing as a premier steel producer in the Nordic region, boasts a fully integrated production chain that encompasses scrap metal collection, processing, and manufacturing of finished steel products tailored for the construction sector.

The Clifford Chance multijurisdictional team that advised on the transaction was led by Spanish M&A partner Javier Amantegui, together with senior associate Pablo Hernández. Supporting with separation matters were Partner Zayed Al Jamil and senior associate Claudia Hall. Partner Steven Fox, alongside senior associates Mitchell Paul, Kristen Hammond, Rebecca Trapp and Katie Kempthorne were in charge of the UK due diligence aspects. Senior associate Ana Latorre, together with Counsel Chandralekha Ghosh and associate Antonia Halliwell, assisted on regulatory matters. David Kolacek acted as relationship partner for the client.