Leading international law firm Clifford Chance has advised Galileo Technologies Corporation (GTC) in connection with a US$75 million financing involving parties across multiple jurisdictions, including Argentina, Brazil, Finland, United Kingdom and the United States. The proceeds of the financing will be used to repay certain existing indebtedness of GTC's parent company Galileo Global Technologies (GGT) and its subsidiaries, and for general corporate purposes.
GGT is a global provider of modular Compressed Natural Gas and micro to small scale Liquefied Natural Gas equipment. The company develops fuel solutions products to monetize resources which previously lacked value and expand the reach of infrastructure. GGT is based in Buenos Aires, Argentina and together with its subsidiaries supplies customers in more than 70 countries across the globe.
Lead associate Luis Maria Clouet commented, "We are delighted to partner with GTC on this strategic transaction for their growth. GTC's innovative products, such as the Cryobox, a gas compression and liquefaction technology, provide an economically effective and environmental-friendly fuel solution to a broad range of markets."
Banking and Finance partner Fabricio Longhin added, "This transaction spanned multiple jurisdictions and practice areas. We are proud that we could draw on the strength of our Clifford Chance team members' experience and creativity to provide legal solutions to achieve GTC's specific goals."
Working with Longhin and Clouet was a cross-border, cross-practice team including:
- London: partners Chris Davies and Jemma Dick, counsel Nicolas Cookson, senior associate Prakruthi Gowda and lawyer Thomas Hobbs Martin (advising on the corporate and tax aspects of the transaction)
- New York: partners Avrohom Gelber, Paul Koppel and Jefferey LeMaster and associates Thomas Koh, Rick Thoben and David Walsh (advising on the corporate, tax, and '40 Act aspects of the transaction)
- São Paulo: foreign law clerk Fernando Liu
- Washington, DC: partner Megan Gordon and counsel Jacqueline Landells and Catherine Ennis (advising on the compliance aspects of the transaction)