Deal Watch - 12/18/08

Posted on December 18, 2008 at 5:12 PM


  • Mayer Brown JSM acted for Hempel AG on the conditional buy-out of its joint venture partner China Merchant Holdings (International) Co Ltd in Hempel-Hai Hong. The total consideration for the sale of the sale shares, the assignment of the joint venture IP rights and the grant of all other rights to Hempel was over HK$1.1 billion (US$145 million). Stephen Bottomley acted as lead partner on this transaction. Mayer Brown JSM acted for Hempel AG on the conditional buy-out of its joint venture partner China Merchant Holdings (International) Co Ltd in Hempel-Hai Hong. The total consideration for the sale of the sale shares, the assignment of the joint venture IP rights and the grant of all other rights to Hempel was over HK$1.1 billion (US$145 million). Stephen Bottomley acted as lead partner on this transaction.
  • White & Case has advised the mandated lead arrangers, Bank of China, Standard Chartered Bank, Industrial and Commercial Bank of China, Calyon, The Hongkong and Shanghai Banking Corp, Standard Bank Plc and Sumitomo Mitsui Banking Corp on the financing of the acquisition of Awilco Offshore ASA, a Norwegian oil and gas drilling contractor. Hong Kong partner Hallam Chow led the advisory team on the transaction.
  • Clifford Chance Dubai’s Mike Taylor led the team advising Arabian Co for Water and Power Development on the US$126 million capital increase by its affiliate International Co for Water and Power Projects and related investment by certain strategic Saudi partners.
  • Dechert LLP represented One Equity Partners in its recent investment in DC Chemical Co Ltd of Korea. The investment represents a 66.75 percent stake in the company. Partners Sang Park, Edward Lemanowicz and Joshua Rawson led the team on the transaction.
  • Clifford Chance has advised NTT Data on disposition of majority shares in its financial data provider subsidiary, NTT Data Financial. Tokyo corporate partners Atsushi Yamashita, Naoki Watanabe and Tracy Whiriskey led the transaction.
  • AZB & Partners has advised Guggenheim Partners LLC on the Indian law aspects of its acquisition of the assets of Thomas Weisel International Private Ltd. Sai Krishna Bharathan led the transaction team.

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