Cleary Gottlieb Steen & Hamilton has worked in emerging markets since the firm's inception nearly 80 years ago, and so has a long track record in Africa, China, Eastern Europe, Russia, India, Pakistan, Latin America and the Middle East. The firm remains one of the leading advisers to sovereign wealth funds on a host of finance projects and restructurings. It also acts for state-owned entities, public and private corporations, private equity and leveraged buyout firms, and institutional and private investors, as well as banks and financial advisers. Its work spans project finance, capital markets, privatisations, M&A deals, private equity investments, and international arbitration and litigation. Among the standout practitioners are Tihir Sarkar and Nallini Puri, who handle cross-border M&A; Polina Lyadnova, who recently handled a $3.8bn liability management exercise for an Indian mining company; capital markets specialist Sebastian Sperber; and private equity partner Michael Preston.

Legal 500 Editorial commentary

Key clients

  • ENGIE
  • Goldman Sachs
  • An ad hoc group of noteholders led by Oaktree Capital and Avenue Capital
  • Vale
  • Natura&Co
  • Credit Suisse Asset Management
  • Disney
  • INA
  • Sanjay Chandi and Prashant Manek
  • Garuda Indonesia
  • Labrador Marine Corporation
  • GHF Fund (formerly Abraaj Growth Markets Health Fund)
  • Idemia France SAS

Work highlights

  • Advised ENGIE on its acquisition of BTE Renewables from Actis and the simultaneous carve-out and on-sale of BTE Renewables’ Kenyan assets to Meridiam. BTE Renewables is one of Africa’s leading renewable energy companies.
  • Advised the largest single creditor Goldman Sachs in the cross-border restructuring and capital raise of Atento Group, one of the largest providers in Latin America, and among the top five providers of customer relationship management and business process outsourcing services.
  • Lead outside counsel to The Walt Disney Company in the combination of its Star India business with Viacom18 to form a new strategic joint venture with Reliance Industries Limited.

Other key lawyers

Nallini Puri, Michael Preston, Tihir Sarkar, Sebastian Sperber, Polina Lyadnova