Global law firm Freshfields achieved success at the Global Competition Review (GCR) 2025 Awards securing six major wins at the prestigious GCR awards, reinforcing its leadership in global competition law.

Global law firm Freshfields today announces the appointment of James Barnett as Global Chief Financial Officer (CFO), effective June 2025.

Freshfields has advised EQT as lead investor in ReliaQuest’s $500m funding round. The funding round, which also included existing investors KKR and FTV Capital among others, brings the company’s valuation to $3.4bn. ReliaQuest, a global cyber security leader serving large enterprises, will use the new funding to support the company’s continued growth and innovation in Agentic AI-driven cybersecurity automation, and to support its ongoing international expansion.

Beth George, a San Francisco-based partner and Global Co-Head of Strategic Risk Management, has been named to Lawdragon’s 100 Leading AI & Legal Tech Advisors guide for 2025. The guide recognizes professionals creating, developing, and advancing the use of technology and AI to improve the delivery of services and knowledge across the vast legal spectrum. Beth was among those included in last year’s inaugural edition of the guide.

Global law firm Freshfields has advised RWE on its agreement with Norges Bank Investment Management (NBIM) regarding the sale of a 49% stake in the 1.6-gigawatt Nordseecluster and 1.1-gigawatt Thor offshore wind projects located in Germany (Nordseecluster) and Denmark (Thor). The agreed purchase price is approximately €1.4 bn, valuing the project at around €2.87 bn. Closing of the transaction is subject to customary approvals and expected by beginning of the third quarter of 2025.

Freshfields is advising Mercury Technologies, Inc., a San Francisco-based fintech, on its announced $300 million Series C financing valuing the company at $3.5 billion. The round was led by Sequoia Capital with participation from existing investors Coatue, CRV and a16z, among others.  Mercury provides products and services that power financial workflows for more than 200,000 ambitious companies and entrepreneurs. 

Freshfields is advising Italian cable manufacturer, Prysmian S.p.A., on the proposed acquisition of Channell Commercial Corporation for $950 million plus an earn-out of up to $200 million. This transaction represents Prysmian’s first major non-cable transaction in the connectivity solutions space.

Global law firm Freshfields has advised TUI AG on the conclusion of sustainability-linked revolving credit facilities in an aggregate amount of €1.89 billion. The facilities are provided by an international banking syndicate and have a tenor of five years.

Global law firm Freshfields has advised General Atlantic on the reorganisation of its shareholdings in European omnichannel platform NuCom Group and dating service provider ParshipMeet Group. The transaction comprises the sale of General Atlantic´s shareholdings to ProSiebenSat.1, the transfer of treasury shares in ProSiebenSat.1 as well as exit participation upon future divestment of ParshipMeet Group. The implementation of the transaction is subject to the sale of NuCom Group portfolio company Verivox. As part of the reorganisation, General Atlantic will hold its minority stake in luxury retailer Flaconi directly and not, as currently, indirectly through NuCom Group.

Global law firm Freshfields advises bp on its agreement for Apollo-managed funds to purchase a 25% non-controlling stake in BP Pipelines (TANAP) Limited (‘bp TANAP’), the bp subsidiary that holds bp’s 12% interest in TANAP Doğalgaz İletim A.Ş., the owner and operator of the Trans Anatolian Pipeline (‘TANAP’). Under the agreement, Apollo funds will purchase the non-controlling shareholding in bp TANAP for approximately $1.0bn. The transaction is anticipated to close in 2Q 2025, subject to regulatory and TANAP shareholders approvals.