Posted on October 24, 2008 at 6:10 PM
• Shearman & Sterling advised KfW, SMBC, Standard Chartered Bank, Bank of Tokyo-Mitsubishi, Calyon, Fortis and KBC on the financing of $460 million tranche of the Gheco-One independent power project in Thailand. The team, led by partner and head of the Asia project development and finance group Bill McCormack, also advised two local Thai banks as additional mandated lead arrangers for the transaction valued at $288 million.
• Howard Wu, a partner at Baker & McKenzie in Shanghai, recently led a team that advised Monster Worldwide Inc. on its acquisition of ChinaHR. Monster acquired the remaining 55 percent stake in ChinaHR for $174 million. Monster had already paid for a 45 percent stake of the company, for a total of $95 million.
• DLA Piper has advised Avex Group (Japan) in a joint financing project of the PAMIEM, a $50 million film fund. The deal represents a rare collaboration between two Asian media giants to increase the number of Asian films produced.
• Clifford Chance advised Xchanging on its acquisition of a 75% stake, estimated to be 83 million pounds, in Indian outsourcer Cambridge Solutions. London corporate partner Jonathan Beastall along with co-relationship partner David Griffiths and competition partner Oliver Bretz led the team. Shearman & Sterling advised Scandent Holdings Mauritius, Cambridge Solutions’ largest shareholder.
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