Shearman And Sterling

News July 09, 2020

Shearman & Sterling Honored With Proximo Awards

Shearman & Sterling won 10 Proximo Deal of the Year Awards, demonstrating the firm’s expertise on advising clients on global, complex energy and infrastructure transactions.

 The awards were given for the following categories and transactions:

  • Asia-Pacific Power Refinancing – Mong Duong 2 Refinancing – the first project bond issued and the first IPP refinancing in Vietnam.
  • Asia-Pacific Downstream Oil & Gas – RAPID – will be the largest downstream petrochemical project in Asia on completion.
  • Asia-Pacific Hydro – Upper Trishuli – one of the largest foreign direct investments in Nepal for the construction of a 216-MW Upper Trishuli 1 run-of-the-river hydropower project.
  • EMEA Petrochemicals – Bapco – the largest ever project to be constructed and financed in Bahrain and one of significant national importance.
  • EMEA FLNG – Gimi FLNG – an innovative floating liquefaction project facilitating the development of offshore gas reserves in Mauritania and Senegal.
  • EMEA Mining – Guinea Alumina Corporation – the largest project in West Africa since the 1970s and a major milestone in financing for mining projects in developing countries.
  • Latin America Communications – Ascenty Data Centres – a $1.8 billion deal in which Digital Realty acquired Ascenty, a leading data center provider in Brazil.
  • Latin America Renewables Portfolio – Condor – non-recourse financing for the largest renewables portfolio in Latin America to date.
  • Latin America Power – GNA1 – the financing of the Açu LNG to Power Project in Brazil.
  • North America Ports – Long Beach Container Terminal – a $1.78 billion acquisition by a Macquarie-led consortium of the Long Beach Container Terminal in California

Greg Tan, global head of the firm's Project Development & Finance practice and leader of the firm’s Finance Business Unit, said, “We’ve had another successful year for the group and are grateful for the trust placed in us by our clients to advise them on these and other very exciting and pioneering projects, financings and energy M&A matters.”

Infrastructure-focused publication Proximo noted it awarded deals that have the potential to influence the market over the next two years.

The Team