Project finance and infrastructure online news and data service IJGlobal has honored White & Case by naming 12 transactions on which the Firm worked among its "Deals of the Year" for 2017 at its IJGlobal Awards 2017 ceremonies.
The awards, selected by an expert panel of judges from among submissions made by law firms summarizing work they performed on transactions that closed in 2017, "are a celebration of best in class deals in energy and infrastructure over the past year," according to IJGlobal.
IJGlobal White & Case Deals of the Year 2017: Americas
Latin America Downstream Oil & Gas Deal of the Year: Talara Refinery bond offering
White & Case represented Bank of America Merrill Lynch, Goldman Sachs, HSBC and J.P. Morgan and Citigroup in the inaugural cross-border debt security issuance by Petróleos del Perú–Petroperú S.A., the Peruvian government-owned oil and gas refining company. The company offered and sold US$2.0 billion in bonds, the proceeds of which will be used by Petroperú for a large-scale upgrade and modernization of the Talara Refinery, one of the country’s key oil and gas infrastructure projects. This was the largest-ever offering by a Peruvian issuer.
Latin America Telecoms Deal of the Year: Red Compartida
White & Case represented the members of the consortium that incorporated Altán Redes, S.A.P.I. de C.V., the first Mexican wholesale shared mobile network, in the implementation of agreements required for the design, installation, operation, maintenance and commercialization of a nationwide 700 MHz LTE wholesale shared network, and for the exploitation of two optical fiber strands assigned by the Federal Power Commission (Comisión Federal de Electricidad). The Altán project is considered the most important telecommunications project of its type in the history of Mexico, and is expected to transform the market with a mobile 4G network ultimately covering more than 90 percent of Mexico's population.
Latin America Multisourced Deal of the Year: Pirapora
White & Case represented the Brazilian Development Bank on the financing of five solar power plants in Brazil (Pirapora V, Pirapora VI, Pirapora VII, Pirapora IX e Pirapora X) and the Complexo Solar Pirapora I, a subsidiaries of the Brazilian company Pirapora Solar Holding S.A. The transaction involved corporate guarantees by EDF Énergies Nouvelles SA (80 percent) and Canadian Solar, Inc. (20 percent), and a share pledge by Canadian Solar UK. The transaction involved New York Law, French Law, UK Law, Canadian Law and PRC Law.
IJGlobal White & Case Deals of the Year 2017: Europe & Africa
Europe Upstream Oil & Gas Deal of the Year: Chrysaor North Sea Acquisition
White & Case represented Harbour Energy Ltd., the energy investment vehicle managed by EIG Global Energy Partners, on its agreement to lead the US$3 billion acquisition by Chrysaor Holdings Ltd. of a diversified portfolio of oil and natural gas assets in the North Sea from Shell UK and its affiliates.
Europe Social Infrastructure Deal of the Year: Ikitelli hospital
White & Case represented lenders and hedging banks, including JBIC, NEXI, SMBC, MUFG, Standard Chartered Bank, Nippon Life Insurance Co., Dai-ichi Life Insurance Co. and the Iyo Bank, on the US$1.83 billion financing of the 2,682-bed Ikitelli Hospital public private partnership (PPP) in Istanbul.
Europe Roads Deal of the Year: Pedemontana Veneta
White & Case represented J.P. Morgan as global coordinator, together with Banca IMI, Santander, Banca Akros and Kommunalkredit, on a project bond financing for the construction of the Superstrada Pedemontana Veneta toll road.
Africa Transport Deal of the Year: Nacala Logistics Corridor
White & Case represented Vale S.A. and Mitsui & Co., Ltd. on the development and US$2.73 billion financing of the landmark Nacala Corridor Railway and Port Project, an integrated and transformative infrastructure project supporting growth along a regional corridor shared by two countries, Mozambique and Malawi.
IJGlobal White & Case Deals of the Year 2017: MENA (March 27)
Power Deal of the Year: Fadhili CHP
White & Case represented of Saudi Arabian Oil Company (Saudi Aramco) as procurer on the structuring, tendering, development and financing of the 2500+ unit Fadhili residential camp to be developed on a build, own, operate and transfer (BOOT) basis with an additional 200+ unit government security residential facility to house personnel providing security for the Fadhili residential camp and the other Saudi Aramco facilities in the Fadhili area, Kingdom of Saudi Arabia.
Social Infrastructure Deal of the Year: Paris-Sorbonne Campus PPP
White & Case represented lenders on the refinancing of the Paris Sorbonne University PPP Project in Abu Dhabi.
Project Bond Deal of the Year: ACWA Power IWPP/IWP Bond
White & Case represented Citibank as bond trustee, paying agent, registrar, offshore security agent and coordination agent on the issuance of a US$814 million bond with a 22-year maturity by ACWA Power Management and Investments One Ltd. The Firm also advised Arab National Bank in its capacity as onshore security agent, holding security in the Kingdom of Saudi Arabia. The transaction is the first international bond issuance from the Kingdom of Saudi Arabia since the government's inaugural US$17.5 billion debt issuance in October 2016
Infrastructure Programme of the Year: Egypt FIT 2 Programme
As part of the Egyptian solar project program, White & Case advised the sponsors on one of the 50MW solar pV projects. The Firm represented the sponsor group consisting of Phoenix Power Ventures, Ib Vogt and Infinity Solar in connection with the development and financing of the 50 MW solar power generation plant in Aswan, Egypt as part of the Feed-in Tariff Program.
IJGlobal White & Case Deals of the Year 2017: Asia-Pacific (APAC)
Transport: Melbourne Metro Tunnel and Stations (9KM) PPP
White & Case, in conjunction with Herbert Smith Freehills (HSF), advised on the successful contractual close of the Tunnels and Stations PPP package of the AUD 11 billion Melbourne Metro Tunnel Project. The AUD 6 billion Tunnels and Stations PPP is the largest contract on the biggest public transport project ever delivered in Victoria.