March 24, 2011
ContourGlobal Solutions portfolio financing was named “Project Finance Deal of the Year” in International Financial Law Review’s (IFLR) 2011 European awards. Latham & Watkins advised the sponsor, borrowers and project subsidiaries in a deal IFLR described as “notable for its unique structuring.” IFLR added: “The security structure is a novel, unique hybrid of corporate and project finance structures.”
The project financing was in connection with the development of ContourGlobal Solutions’ portfolio of 17 environmentally friendly quad-generation and tri-generation power plants located throughout Eastern and Western Europe, Nigeria and Russia. This transaction was previously named the “Europe, Middle East & Africa Power Portfolio Deal of the Year” by Euromoney’s Project Finance Magazine.