Singapore partner Jacqueline Chan was recently featured in IJGlobal magazine’s Summer 2021 issue for her representation of Asian Development Bank (ADB) in connection with its groundbreaking $95 million investment in Clifford Capital Holdings (CCH), a global financing and distribution platform for infrastructure and other real assets. The transaction, which marked ADB’s first investment in a Singapore entity since the opening of its Singapore office in March, received an IJGlobal APAC Editor’s 2020 choice award as the best deal in the region.
In “Editor’s Choice APAC - Clifford Capital’s restructure and ADB investment,” Ms. Chan discusses how the complex strategic investment in CCH required “significant industry due diligence across nearly the entire debt value chain from project finance loans to private and mezzanine credit to derivatives,” and entailed “working through the incorporation of ADB’s governance requirements on the governance structures of CCH and its subsidiaries.”
“The strategic investment by ADB is a sign of its confidence in CCH’s future growth plans, including in sustainable infrastructure financing in developing Asia and is expected to boost the consolidation of Singapore’s position as the leading infrastructure financing hub in Asia,” said Ms. Chan. “ADB brings with it as investor its breadth of international governance and ESG policies and reporting accountability, which further cements and buttresses CCH’s position as a world-class provider of infrastructure finance in all aspects.” The equity investment is also expected to have a positive ripple effect across the sustainable infrastructure finance market by expanding CCH’s capital base driving its next stage of growth.
Jacqueline Chan regularly advises on many of Asia’s most cutting edge and complex corporate and acquisition finance, M&A and restructuring transactions across a wide range of sectors and is top-ranked in leading legal industry publications such as Chambers, Legal 500 and IFLR. She was recently named among Asia’s top 15 M&A attorneys by Asian Legal Business.
To read more on the groundbreaking transaction on IJGlobal click here.
