Global law firm Clifford Chance has advised China Merchants Bank Co. Ltd., Luxembourg Branch and Natixis, Hong Kong Branch as arrangers and China Merchants Bank Co. Ltd, Luxembourg Branch as agent and security agent in connection with US$155 million NAV Facilities for ACE Investment Fund II LP, a renewable energy-focused alternative investment fund.
Commenting on the transaction, partner Vicky Ma said, “We are pleased to continue supporting China Merchants Bank and Natixis on their innovative and complex cross-border financing transactions, particularly in the clean energy sector.”
Martin Wurth, partner in Clifford Chance’s Luxembourg office, added, “NAV financing has become an important tool for funds seeking to refinance existing portfolios. We are delighted to see Luxembourg-based lenders play an increasingly active role in this evolving market.”
Vicky led a cross-jurisdiction team consisting of senior advisor Yi Wang (Luxembourg), counsel Chengcheng Wu (Beijing), associate Partick Lam (Hong Kong) and trainee solicitor Thomas So (Hong Kong), supported by partner Martin Wurth (Luxembourg) and associate Tjasa Langerholc (Luxembourg).
Clifford Chance regularly advises clients on market-leading energy transition-related transactions, including cross-border financing and investments in renewable energy and infrastructure projects.
