White & Case advised on five deals named "Deal of the Year" by Project Finance International.
"These awards recognize some of the most complex and innovative projects on which the Firm worked in 2012 and reflect the strength, depth and expertise of the global practice group," said Art Scavone, head of White & Case’s Global Project Finance Practice.
Awards were given for the following deals:
Europe Renewables Deal of the Year – Northwind: advised the lenders on the ca. €900 million financing of Northwind’s 216 megawatt offshore wind farm in Belgium's North Sea.
Middle East and Africa Infrastructure Deal of the Year – Madinah Airport: advised International Finance Corporation, the lead transaction advisor, and the General Authority of Civil Aviation of the Kingdom of Saudi Arabia, the grantor, on the US$1.2 billion financing for the expansion and renovation of Prince Mohammad Bin Adbulaziz International Airport located in the Holy City of Madinah - the first public-private partnership (PPP) for an airport in the Gulf region.
Turkish Power Deal of the Year – EnerjiSA: advised EnerjiSA in connection with the €1.1 billion development, construction and financing of the 450 MW Tufanbeyli Lignite-Fired Power Plant near Adana in Turkey.
Americas Power Deal of the Year – Panda Temple: advised Morgan Stanley as lead arranger in connection with the financing of the 758 megawatt natural gas-fired, combined-cycle Panda Temple power project being developed in Temple, Texas, the first greenfield project financed in the term loan B market since the 2008 financial crisis.
Americas Petrochemical Deal of the Year – Etileno XXI: advised Braskem Idesa SAPI in securing US$3.2 billion in financing for the Etileno XXI project, a US$4.5 billion integrated petrochemicals project located in Veracruz, Mexico and the largest project financing ever in the Americas petrochemical industry.
"The geographical spread and breadth of sectors which these projects cover – from renewable energy to airport development, both in established and growth markets – demonstrates the capabilities of our global practice to support our clients’ business needs and close major transactions anywhere in the world," said Philip Stopford, head of White & Case's Energy, Infrastructure, Project and Asset Finance Practice in Europe, the Middle East and Africa.
The awards recognize deal innovation, best practice, problem solving, risk mitigation, value for money and speed of delivery in the financing of infrastructure projects.