Posted on August 10, 2012 at 4:08 PM
Allen & Gledhill acts for The Hongkong and Shanghai Banking Corporation Ltd and United Overseas Bank Ltd regarding Aspial Corporation’s issue of a S$150 million (US$120.5m) multicurrency medium term note program.. The firm also advised The Hongkong and Shanghai Banking Corporation Ltd and United Overseas Bank Ltd concerning Aspial’s issue of S$35 million (US$28m) five percent fixed rate notes due 2015 under the program. Partners Margaret Chin and Sunit Chhabra led the transaction.
Allen & Gledhill acts for ASPF II Nex GmbH
Allen & Gledhill advises ASPF II Nex GmbHon the sale of its 50 percent interest in Nex for more than S$800 million (US$642m) to an investment vehicle owned by Mercatus Co-operative Ltd. Partners Penny Goh, Lyn Wee and Lim Chong Ying led the transaction.
Allens acts for Osaka Gas Crux Pty Ltd
Allens advises Osaka Gas Crux Pty Ltd regarding its documentation for the establishment of the Crux AC/L9 joint venture. The arrangements provide the consolidation of the parties' existing interests in AC/L9 so that each party will have the same percentage interest in the gas and liquids interests. Partner Igor Bogdanich led the transaction.
Amarchand Mangaldas acts for State Bank of India
Amarchand Mangaldas acts for State Bank of India regarding its issue of US$1.25 billion 4.125 percent notes due 2017 pursuant to Rule 144A and Regulation S of the United States Securities Act of 1933. The issue marks the first public sector bank US dollar bond issuance out of India since May 2011. Partner Niloufer Lam led the transaction, whilst Allen & Overy acted as international legal counsel. J Sagar Associates led by partner Dina Wadia and Linklaters acted as international legal counsel to the lead managers.
Amarchand Mangaldas advises Gujurat Pipavav Port
Amarchand Mangaldas acted for Gujarat Pipavav Port Ltd concerning its qualified institutions placement of equity shares. A preferential issue of equity shares followed the placement to APM Terminals Mauritius Ltd. Partners Yash Ashar and Gaurav Gupte led the transaction. Luthra & Luthra advised Kotak Mahindra Capital Company Ltd and IDFC CAPITAL LTD. Dorsey & Whitney acted as the special international legal counsel.
AZB & Partners advises the State Bank of India
AZB & Partners acts for State Bank of India regarding the term loan of approximately INR50 billion (US$904m) extended to Essar Oil Ltd. Partner Bahram N Vakil led the transaction which was signed on 31 July 2012.
Baker & McKenzie acts for Shenyin Wanguo Capital
Baker & McKenzie acts for Shenyin Wanguo Capital, Piper Jaffray Asia and CITIC Securities Corporate Finance regarding the US$200 million global offering by DYNAM Japan Holdings Co Ltd. DYNAM is the first Japanese company to have its shares listed in Hong Kong and the first pachinko hall operator listed on a stock exchange. Partners Elsa Chan, Brian Spires and Ken Takahashi led the transaction.
Baker & McKenzie advises CITIC Securities Company
Baker & McKenzie advises CITIC Securities Company Ltd regarding the purchase of a 19.9 percent interest in CLSA by CITIC Securities International Company Ltd for a cash consideration of US$310.32 million CITICS International has become a minority shareholder of CLSA and Crédit Agricole Corporate & Investment Bank remains as the controlling shareholder of CLSA. Partner Rossana Chu led the transaction.
Clayton Utz acts for Exemplar Health Consortium
Clayton Utz acts for Exemplar Health Consortium concerning its bid of Sunshine Coast University Hospital (SCUH) public private partnership project in Queensland. The SCUH project will comprise a 450-bed facility, which will expand, to a 738-bed facility by 2021. Partners Dan Fitts and Jo Pugsley led the transaction.
Clifford Chance acts for CIMB Bank
Clifford Chance advises CIMB Bank (L) Ltd, HSBC Amanah Malaysia Berhad and Merrill Lynch (Singapore) Pte Ltd regarding the establishment by Axiata Group Berhad. The program will be established through an innovative US$1.5 billion sukuk issuance program approved by the Securities Commission Malaysia. The issue is the Asia Pacific region’s first internationally rated multi-currency sukuk. Partners Qudeer Latif and Matt Fairclough led the transaction. A separate team led by partner Joan Janssen represented The Hongkong and Shanghai Banking Corporation Ltd as delegate.
Colin Ng & Partners acts for Equation Corp
Colin Ng & Partners acts for Equation Corp Ltd regarding rights issue of approximately 1.24 billion rights shares on the basis of one rights share for every two existing ordinary shares in the capital of Equation. Partner Gregory Chan led the transaction.
Gilbert & Tobin advised Country Road
Gilbert + Tobin acts for Country Road regarding its acquisition of Witchery and Mimco from Gresham Private Equity for an enterprise value of A$172 million (US$181.7m). Witchery is one of Australia's leading speciality fashion retailers. Country Road will become one of Australia's largest specialty fashion retailers with over 500 stores and over 4,500 employees across Australia, New Zealand, South Africa and Singapore. Partners Hiroshi Narushima, Janine Ryan and James Lewis led the transaction. Baker & McKenzie, led by partner Craig Andrade advised Gresham Private Equity.
Gilbert & Tobin acts for Silver Lake Resources
Gilbert + Tobin advises Silver Lake Resources Ltd concerning of its acquisition of Integra Mining Ltd for A$426 million (US$450m). The transaction follows an unanimously recommended takeover by scheme of arrangement at an exchange ratio of one new Silver Lake share for every 6.28 Integra shares. Partner Marcello Cardaci is leading the transaction.
J Sagar Associates advises PVR Ltd
J Sagar Associates advised PVR Ltd on the signing of a share subscription agreement in response to the proposed investment by L Capital Eco Ltd (L Capital), an affiliate of L Capital Asia LLC, for up to 10% of PVR’s equity share capital under the preferential allotment route for a consideration of INR57.7 crores (US$10.4m). L Capital has also signed a share subscription agreement and a shareholders’ agreement with PVR Leisure Limited (PVR Leisure), a newly incorporated subsidiary of PVR, for a total investment of INR50.1 crores (US$9m). This deal signifies the ample growth and investment opportunities available in India. Partners Jyoti Sagar and Manisha Kumar led the transaction. AZB & Partners advised L Capital.
J Sagar Associates advises banks
J Sagar Associates also recently advised a conglomerate of banks, led by IDBI Bank, for the cost overrun funding of INR3.3 billion (US$59.6m) for Jai Prakash Ventures Ltd (JPVL). The funding is to be used by JPVL for part financing the cost overrun for its 500 MW Bina power plant in Madhya Pradesh, India. Partner Aashit Shah led the transaction.
Khaitan & Co advises Communisis Plc
Khaitan & Co has advised Communisis Plc in respect of the acquisition of 100% stake in Kieon Ltd (UK) and Kieon Consulting Private Ltd (India). The addition of Kieon to the Communisis Group widens and deepens Communisis' creative services capabilities to include the building of websites and mobile and other digital applications in India’s booming web/digital sector. Partner Rajiv Khaitan represented the client on the transaction.
Khaitan & Co advises Wolters Kluwer Netherlands
Khaitan & Co also advised Wolters Kluwer Netherlands for the global level acquisition of Acclipse Ltd. Acclipse India Private Ltd. Wolters Kluwer is the global leading provider of tax, accounting and audit information, software and services and entering India, where these sectors are booming, was an advantageous move. Partner Aakash Choubey led the transaction.
Makes and Partners acts for Jababeka International BV
Makes and Partners has advised Jababeka International BV (Jababeka) as the issuer and PT Kawasan Industri Jababeka Tbk (PT Kawasan) as the guarantor of Jababeka’s issuance of US$175 million in global bonds. Partners Yozua Makes and Iwan Setiawan led the transaction, which closed on 26 July 2012. Milbank, Tweed, Hadley & McCloy acted as US law counsel and Linklaters acted as Dutch law, excluding Dutch tax law, counsel. Stamford Law Corporation acted as listing agent and Singapore law counsel. Credit Suisse (Singapore) Ltd and Standard Chartered Bank, the joint bookrunners and joint lead managers, were advised by Sidley Austin as to US law.
Maples and Calder acts for Mizuho Financial Group Inc
Maples and Calder acted as counsel to Mizuho Financial Group Inc, one of Japan's largest banking groups, in respect of an offering of US$1.5 billion principal amount of 4.2 percent subordinated notes due 2022 by Mizuho Financial Group (Cayman) 2 Ltd. Mizuho International plc, Merrill Lynch International, Goldman Sachs International and JP Morgan Securities plc were the joint lead managers for the offering. Partner Greg Knowles led the transaction whilst Simpson Thacher & Bartlett acted as US counsel and Nagashima Ohno & Tsunematsu acted as Japanese counsel. Linklaters acted for the initial purchasers.
Maples and Calder advises China International Capital Corporation Hong Kong Asset Management Ltd (CICCHKAM)
Maples and Calder has also acted as Cayman Islands counsel to China International Capital Corporation Hong Kong Asset Management Ltd (CICCHKAM) in respect of the launch of a new Greater China long biased equity long/short fund which is a collaboration between CICC and Sloane Robinson, one of the UK's largest hedge fund managers. The fund will combine the investment skills of Sloane Robinson and CICC's China related research abilities and insight into economic, policy and industrial matters both in China and abroad. Spencer Privett and Terence Ho led the transaction. Dechert, led by Peter Astleford, acted as English and US law counsel to the fund and Sloane Robinson.
Paul Hastings acts for Deutsche Bank
Paul Hastings has represented Deutsche Bank in Ayala Corporation’s US$155 million treasury share block sale. Ayala is one of the Philippines’ largest conglomerates, with interests in real property, banking, telecommunications, water, infrastructure and energy and is looking to invest up to US$1 billion over the next five years in the transport infrastructure and power generation sectors in the Philippines, including in projects under the government’s public private partnership program. Partners Patricia Tan Openshaw and David Grimm led the transaction.
Skadden represents Wynn Resorts
Skadden has represented Wynn Resorts (Macau) SA in respect of a new US$2.3 billion dual currency secured credit facility which consisted of a US$750 million equivalent fully funded senior secured term loan facility, a US$1.55 billion equivalent senior secured term loan facility, and an option to upsize the total senior secured facilities by an additional US$200 million. The borrowings will be used to refinance Wynn Macau's existing indebtedness and to fund the design, development and construction of Wynn Macau's new casino resort. The transaction was led by partner Alan Schiffman.
Wong Partnership advises First Resources Ltd.
WongPartnership has acted as Singapore legal counsel for First Resources Ltd for the establishment of its RM2 billion (US$644.5m) Ringgit-denominated Islamic medium-term note (Sukuk Musharakah) program and its issuance of RM600 million (US$193.3m) of Islamic medium-term notes due 2017 under the program. Partners Hui Choon Yuen and Trevor Chuan led the transaction.
Wong Partnership acts for Silver Lake
WongPartnership has also acted for Silver Lake, the global leader in technology investing, and the Partners Group, a global private markets investment management firm, for the acquisition of shares in Global Blue Luxembourg Holdings Sàrl and the financing for such acquisition via facilities of €462.5 million (US$571.9m) arranged by Royal Bank of Canada, JP Morgan Ltd, Nataxis, Société Générale London Branch and Mizuho Corporate Bank Ltd as mandated lead arrangers. Partners Christy Lim, Joy Tan and Andrew Ang led the transaction.
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