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MassMutual advised on follow-on investment in Low Carbon and CVC DIF's acquisition of controlling stake in Low Carbon

December 2025

Client(s) Massachusetts Mutual Life Insurance Company

Jones Day represented Massachusetts Mutual Life Insurance Company ("MassMutual") on its follow-on investment in Low Carbon and on CVC DIF's acquisition of a controlling stake in Low Carbon. Together with the refinancing of existing project finance debt and the raising of a holdco facility, these transactions will provide approximately £1.1 billion of committed capital to Low Carbon.

Jones Day previously advised MassMutual on its initial 2021 debt and equity investment in Low Carbon, which marked MassMutual’s first European renewable energy partnership.

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