Introduction

Tom helps clients navigate the most complex infrastructure, energy and sovereign financings in emerging markets

Tom Longmuir leads a cross-cutting emerging markets finance practice focused on development and impact finance. Complex "first-in-kind" and "largest-in-kind" financings throughout the SSA, MENAT and CEE/CIS regions are key themes of this practice, alongside private capital mobilisation. Tom’s practice has a particular emphasis on blended financings that create additionality and support the Sustainable Development Goals.

He has acted on and led many of the most significant multilateral credit-supported financings throughout Africa – including with the African Development Bank, the African Development Fund, Africa Finance Corporation, the International Bank for Reconstruction and Development and the International Development Association – in a variety of transactions from bank debt through to bonds, derivatives and long-term power purchase agreements. Many of these financings are designed to support national Sustainable Frameworks and/or are sustainability-aligned. He also acted on the inaugural Asian Infrastructure Investment Bank partial debt guarantee in Türkiye, for green and social infrastructure projects.

Tom has led and acted on many of the largest ECA-backed infrastructure financings throughout EMEA, from logistics/transportation, motorways, high-speed rail and defence through to social infrastructure projects including clean water, healthcare and education, working with Atradius, Bpifrance Assurance Export, CESCE, EIFO, EKN, Euler Hermes, SACE, UK Export Finance and US EXIM amongst others.

Tom acted for MIGA on the establishment of their inaugural trade finance guarantee programme as part of the World Bank Group Guarantees Platform. He has advised on development financings supported by multilateral treaty insurers including ATIDI and ICIEC as well as private credit and political risk insurers.

Tom also advises on trade and structured commodity financings of all varieties, including borrowing base financings, receivables purchase and discounting arrangements, as well as structured prepayment and pre-export financings across a variety of sectors (including critical minerals).

Tom is ranked in Chambers and Partners for Projects & Energy: International, named as a Leading Partner for Project Finance by Legal 500, and recognised as a Notable Practitioner by IFLR1000 for Banking and Project Finance. 

Chambers Global describes Tom as "outstanding", "technically gifted, practical and with a great sense of humour" and "very knowledgeable and commercial". Legal 500 commends him "in particular for his strong negotiation skills" and as "an excellent dealmaker", noting that the team he leads is "very solid and a trusted adviser". 

Tom co-leads the firm's Africa practice as a member of the Africa Executive.

  • J.P. Morgan | Lead partner | 2021 | Advised on the landmark USD 2.57 billion UK Export Finance-guaranteed financing for the development of the Cairo Monorail project by a consortium comprised of Alstom and Orascom Construction – GTR Best Deal 2021, IJGlobal MENA Transport Deal of the Year 2021 and TXF Transport ECA-Backed Deal of the Year 2021.  
  • Citi | Lead partner | 2023 | Advised on the first ever UK Export Finance-guaranteed facility to Ukraine, supporting reconstruction and financing the redevelopment of six bridges and supply routes in the Kyiv region destroyed by the Russian military – IJGlobal Export Finance Deal of the Year 2023.
  • BNP Paribas and Crédit Agricole Corporate & Investment Bank | Lead partner | 2023 | Advised on combined EUR 2.3 billion Hermes and SACE-backed facilities for the development of Project Green Line, Egypt's first high-speed rail network under development by a consortium including Siemens Mobility and Orascom Construction – TXF Rail Deal of the Year 2023 and GTR Best Deal of the Year 2023.
  • HSBC and UBS | Lead partner | 2024 | Advised on a EUR 770 million multi-sourced financing for the conversion of Shotton Mill Limited into a leading, best-in-class containerboard and tissue paper manufacturer, comprised of ECA facilities supported by UK Export Finance, Finnvera plc and SERV as well as commercial facilities provided by Turkish commercial banks – TXF Europe Export Finance Deal of the Year 2024.
  • African Development Bank | Lead partner | 2024 | Advised on EUR 533 million commercial bank facilities provided to the Ministry of Economy and Finance of the Republic of Côte d'Ivoire financing a portfolio of ESG-compliant projects – ESG Loan Deal of the Year, Bonds, Loans & ESG Capital Markets Africa Awards 2024.
  • Africa Finance Corporation | Lead partner | 2024 | Advised on guarantee arrangements relating to the Arab Republic of Egypt's private placement offering of USD 500 million equivalent five-year Samurai bonds to be used to finance the development of electricity infrastructure for agricultural projects - Innovation of the Year IJGlobal MENA 2024, and Most Innovative Bond – EMEA Finance Achievement Awards 2024.
  • Asian Infrastructure Investment Bank | Lead partner | 2024 | Advised on AIIB's inaugural partial debt guarantee for a commercial debt facility, a pioneering USD 200 million partial debt guarantee providing multi-currency coverage on a first loss and pari passu basis across tranches to support 70% of Türk Eximbank's inaugural green transition loan.
  • J.P. Morgan | Lead partner | 2025 | Advised on a EUR 200 million African Development Fund partially credit-guaranteed facility to the Ministry of Finance and Economic Planning of the Republic of Rwanda to support eligible green and social projects in line with Rwanda's sustainable finance framework – IJGlobal ESG Sustainability-Linked Loan of the Year 2025.
  • African Development Bank | Lead partner | 2025 | Advised on a landmark EUR 170 million partially credit-guaranteed sustainability-linked facility to Mota-Engil Africa, a leading worldwide engineering, procurement and construction company, financing a pan-African portfolio of eligible impactful infrastructure projects aligned with the company’s Sustainability-Linked Financing Framework.
  • J.P. Morgan | Lead partner | 2026 | Advised on EUR 1.891 billion MIGA and UK Export Finance-guaranteed financing to the Ministry of Finance of the Republic of Serbia for the 112km Morava Corridor motorway project – Serbia's first digital highway, featuring smart traffic management systems and 1,000 km of fibre optic cable – under construction by the Bechtel Corporation-ENKA joint venture.