A&O Shearman

Citi has become the fifth clearing member of London Precious Metals Clearing Limited (LPMCL), and the first new member in a decade. LPMCL supports the world’s largest over-the-counter precious metals market, which has estimated daily turnover of around USD160 billion. The move expands Citi Commodities’ global precious metals business and enables Citi to offer settlement services for gold, silver, platinum, and palladium to clients worldwide Nick Bradbury, financial services regulatory partner, commented: "Obtaining LPMCL clearing membership is a landmark achievement for Citi and great news for its Commodities clients and the wider London precious metals market. We are very proud to have partnered with Citi on this highly significant project." Read more: https://ow.ly/7sYl50ZzTZ3 Our team was led by partner Nick Bradbury alongside senior associate Gregory Talbot, associate Adam Harwood, and trainee solicitor Kajaanan Vijitharan. U.S. law advice was provided by partners Lena Kiely, Geoffrey Goldman, and Jonathan Cho. The matter highlights the strength of our financial institutions practice and our ability to deliver complex, cross-border regulatory and transactional advice to leading global financial institutions. #AOShearman

New procurement rules, major investment programs, and a broadening definition of what counts as a defense activity are having a significant impact on Europe’s defense supply chain. Read our analysis here: https://lnkd.in/e_p28cCP #AOShearman #TransformationalForces

We represented the underwriters on the financing for Apollo Funds’ recommended cash offer for easyJet plc, one of Europe's leading airlines. The deal values the airline at GBP5.7 billion. Our cross-practice team was led by debt finance partners Filippo Crosara, John Kicken and Nicholas Clark, with aviation finance advice from Paul Nelson, and Takeover Code advice from Claire Coppel. Support was provided from senior associates Sophie Buchanan-Brown, Odysseas Theofanis, Sampada Bannurmath and Chloe Bowskill, associate Georgia Slade, Julia Szinovatz and Kabir Singh Randeva, and trainee Michael McLaughlin. Read more: https://ow.ly/jZVP50ZyXjR #AOShearman

Offshore wind projects continue to grow in scale and complexity, increasing demand for integrated installation solutions across the sector. We advised Cadeler A/S on its acquisition of Menck from Acteon, a portfolio business of Buckthorn Partners and One Equity Partners. The transaction is based on an agreed enterprise valuation equivalent to EUR 501 million. Paul Dunbar, global co-head of Capital Solutions, said: "We are delighted to have supported Cadeler on this acquisition. As the offshore wind sectors matures, developers are increasingly looking for integrated installation solutions, and we are proud to have acted on a transaction at the very forefront of this." Dan Graham, partner in the global Private Equity practice, added: "This deal sits at the intersection of strategic and private capital investment in renewable infrastructure, energy and power. The combination of listed-company, multi-jurisdictional and financial sponsor considerations here is characteristic of the work we are seeing across the sector." Read more: https://ow.ly/bTms50Zytkk The team was led by partners Paul Dunbar, Dan Graham and senior associate Antony Dean, supported by associate Livia Gauntlett and trainee Fiona Ngu, with additional specialist advice provided by partners and teams across our global network. #AOShearman

We are advising Danantara Indonesia on its USD2.5 billion investment into JBS Australia. This transaction creates a strategic partnership between one of the world’s largest food companies and a leading sovereign fund to pursue investments in protein production across Indonesia, Southeastern Asia, Australia and New Zealand. The deal required innovative solutions to facilitate an investment into a carve out of an established regulated multi-jurisdictional business, underscoring once again the complexity of a cross-border investments of this scale. The deal team was led by partner James Mythen, with support from Mindy Yap, Claire Lye, Dan Harris, and Calvin Koay. With additional support from a broader multi-disciplinary team across the Netherlands, New Zealand, the United States, the UK and certain other key jurisdictions Read more: https://lnkd.in/eqC3iPex #AOShearman #MergersAndAcquisitions #PrivateEquity

Debtwire’s H1 2026 Western Europe Leveraged Loans Legal Advisors’ Rankings once again puts our leveraged finance team in the number one position across the main three lender-side categories. This result underscores our track record in advising the lender community on the market’s largest and most complex leveraged finance transactions. #AOShearman

We represented the underwriters in connection with Kinder Morgan, Inc.’s USD1.75 billion notes offering consisting of USD1.15bn of 5.550% Notes due 2036 and USD600 million of 6.150% Notes due 2056. The net proceeds from the offering are being used for general corporate purposes, including repayment of commercial paper borrowings and refinancing upcoming debt maturities. The transaction supports one of North America's largest energy infrastructure companies. Kinder Morgan owns an interest in or operates approximately 78,000 miles of pipelines, 136 terminals, 700 Bcf of working natural gas storage capacity, and 6.9 Bcf per year of renewable natural gas generation capacity. The A&O Shearman team included partner Taylor Landry (Houston-Capital Markets), counsel Ana Aur (Toronto-Capital Markets), and associates Kazumasa Watanabe (New York-Capital Markets), Justin Higdon and Paul Gerstle (both Houston-Capital Markets). Read more: https://ow.ly/zQGk50Zy946 #AOShearman

Energy markets are being shaped by geopolitical tensions, the surging power demands of AI, and the intensifying competition for critical mineral supplies. In Transformational forces, we examine what business leaders need to do to build resilience. Start here: https://lnkd.in/er9Bw9my #AOShearman #TransformationalForces

Intrum Group completed a SEK7.5 billion equity capital raise and EUR525 million senior secured notes issuance. We represented the banks on the financings for Intrum, Europe’s leading credit management services provider operating in 20 markets. The company is headquartered in Stockholm, Sweden, and is publicly listed on Nasdaq Stockholm. Jeff Hendrickson, partner, commented: "This was a complex, multi-layered transaction that required careful coordination across both the equity and debt components. We are delighted to have supported Deutsche Bank and DNB Carnegie in delivering a successful outcome for Intrum, enabling the company to strengthen its capital structure and position itself for continued growth." Read more: https://ow.ly/1raU50Zy1KH The team advising on the equity offering was led by partner Jeff Hendrickson in London and senior associate Katrien Wilmots, alongside associate Arnaldo Mitola. On the high yield side, the team was led by partner Brad Weyland and senior associate Eileen Burgess, alongside associates Sonali Sharma and Arnaldo Mitola. #AOShearman

The Republic of Chile raised EUR3.1 billion through an SEC-registered bond offering, issued across three tranches with maturities in 2034, 2038, and 2046. Chilean issuers DB Terra Chile HoldCo SpA (Mundo) and Sociedad Transmisora Metropolitana S.A. (STM) also completed bond offerings earlier this year. "We are proud to advise the Republic of Chile on this offering, which underscores the strong confidence that international investors continue to place in Chile as one of Latin America's most creditworthy sovereigns,” said Capital Markets partner, Alejandro A. Gordano. Our team was led by Alejandro A. Gordano, with support from Gonzalo Robles and Teresa Zuniga. Lorenz Haselberger and Daniel Kachmar advised on tax matters alongside Edgardo Martinez Gastelum. Read more: https://ow.ly/ZXeX50ZxcWv