Deal Watch 8/3/2012 Part 1

Posted on August 3, 2012 at 8:08 PM

Aklea acts for April

Akela advised April in its acquisition of Asia Assistance Partners Singapore. The deal signifies April’s first acquisition in the Asian markets. Moreover, the deal represents a growth in April’s quest to become a leader in health insurance, contingency funds, and damages. Partners Christophe Cochet and Caroline Berube of HJM Asia law and Partner Thierry Gougy of DFDL led the transaction.

Allen & Gledhill advises IHH Healthcare Berhad

Allen & Gledhill acted on behalf of IHH Healthcare Berhad (IHH) for its IPO listing The IPO is the first concurrent dual public offering in Malaysia and Singapore. Partners Tan Tze Gay and Leonard Ching of Allen & Gledhill led the transaction.

Allen & Gledhill advises IHH Healthcare Berhad

Allen & Gledhill acted on behalf of Mapletree Treasury Services Ltd and Mapletree Investments Pte Ltd concerning MTSL’s issue of S$600 million (US$481m) 5.125 percent subordinated perpetual securities. As of now, MIPL guarantees the securities fund. Partner Glenn Foo led the transaction.

Amarchand Mangaldas acts for Wockhardt

Amarchand Mangaldas advised on behalf of Wockhardt concerning its sale of its nutrition business to Danone Group for US $288.4 million. Wockhardt is currently ranked No. 2 in the nutrition business in India. Partners Cyril Shroff, Ashish Jejurkar and Jaya Singhania led the transaction for Amarchand Mangaldas. Freshfields and Platinum Partners acted as foreign and Indian legal counsel for Danone.

Baker & McKenzie acts for RM Williams Agricultural Holdings

Baker & McKenzie advises RM Williams Agricultural Holdings concerning the first deal to occur under the new Carbon Farming Initiative (CFI). Under the deal, RM Williams joined with Qantas to offset carbon pollution using carbon credits to help restore the 500,000-acre natural landscape in the Northern Territory owned by RM Williams. Partner Martijn Wilder led the transaction on behalf of Baker & McKenzie.

CMS Hasche Sigle acts for Kvadrat A/S

CMS Hasche Sigle advises Kvadrat A/S in its acquisition of Kinnasand GmbH Kvadrat is a textile design company that supplies architects, designers and furniture manufacturers worldwide. With the acquisition of Kinnasand, Kvadrat hopes to expand its production and extend its global reach. Partner Dr Regine Hagen-Eck advised on the transaction.

De Brauw Blackstone Westbroek acts for AkzoNobel

De Brauw Blackstone Westbroek advised on behalf of AkzoNobel NV in its sale of 75.81 percent of ICI Pakistan Ltd to Lucky Cement. Lucky Cement bought the equity and shares of ICI Pakistan for US$ 152.5 million Partner Dieter Wolff led the transaction while Vellani & Vellani acted as local counsel. Mohsin Tayebaly & Co advised Lucky Cement Ltd.

Eversheds advises China Chengxin

Eversheds advised on behalf of China Chengxin regarding its attempt to secure the first ever Type 10 License to provide credit rating services issued in Hong Kong. China Chengxin has already become one of China’s largest credit rating agencies and has hoped to extend its influence in the region. Partner Kingsley Ong led the transaction.

J Sagar Associates acts for Polaris Industries

J Sagar Associates (JSA) advised on behalf of Polaris Industries Inc regarding a joint venture with Eicher Motors Ltd. The venture was centered on the manufacturing of personal vehicles for India and other emerging markets. The two companies would share a 50/50 percent partnership and invest US$44.54 million. Partner Shivpriya Nanda led the transaction. PRA Law Offices represented Eicher Motors Ltd.

J Sagar Associates acts for Mehta Frozen Food Carrier Private

J Sagar Associates advises Mehta Frozen Foods Carrier Private Ltd concerning its sale of 74 percent of its shareholding to Ambit Pragma Fund II. The Ambit Pragma Fund II is a domestic venture capital fund. Partner Abeezar Faizullabhoy led the transaction. Economic Law Practice represented ambit Pragma Fund II.

Khaitan & Co acts for Oman India Joint Investment Fund

Khaitan & Co acts for Oman India Joint Investment Fund regarding its US$ 9.8 million investment in Indus Teqsite Private Ltd India. Oman India Joint Investment Fund is a joint venture between State General Reserve Fund of Oman and State Bank of India. Partner Sharad Abhyankar acted on the transaction.

Khaitan & Co acts for Welspun India

Khaitan & Co acts for Welspun India Ltd, Welspun Global Brands Ltd and Welspun Retail Ltd concerning the drafting and filing of the pre-merger notification with the Competition Commission of India (CCI). Welspun India Ltd is a top home textile manufacturer with world class manufacturing facilities in India. Avaantika Kakkar advised on the transaction.

Maples and Calder advises NDC Investment

Maples and Calder acted for NDC Investment Pte Ltd in its launch of the Gold Rogers Fund. The investment objective of the fund is to invest mainly in listed equities, bonds and futures, together with unlisted equities and bonds in Asian markets. Nick Harrold and Matt Roberts advised on the transaction.

Mayer Brown acts for China State Construction International Holdings

Mayer Brown JSM advises China State Construction International Holdings Ltd (CSCI) regarding its placement of 300 million shares to independent third parties at approximately HK$7.57 (US$0.98) per share. The move raised HK$2.2 billion (US$283.7m). CSCI is one of the largest construction contractors in Hong Kong and Partner Jeckle Chiu led the transaction.

Morrison & Foerster acts for Softbank

Morrison & Foerster represented Softbank in a three-way transaction among Softbank, Yahoo and Alibaba. As a part of the deal, Alibaba will repurchase half of Yahoo’s shares in the company for US$7 billion and Softbank will become Alibaba’s largest shareholder. Partner Kenneth Siegel led the transaction.

Morrison & Foerster represents Elpida

Morrison & Foerster acted on behalf of Elpida in a proposed acquisition by Micron Technologies. The deal would be one of Japan’s largest inbound M&A deals ever, as Elpida recovers from its declaration of bankruptcy. Partner Kenneth Siegel also led the transaction.

Paul Hastings acts for Korea Trade Insurance Corporation

Paul Hastings advised on behalf of Korea Trade Insurance Corporation regarding the financing of EnerjiSA’s 450 MW lignite-fired power project and associated lignite mine project in Turkey. The project is estimated to cost US $1.35 billion with EnerjiSA having already obtained US $919 million in debt financing. Joseph Kim and Justin Jowitt led the transaction for Paul Hastings.

Paul Hastings acts for Ascendas Land International

Paul Hastings advised on behalf of Ascendas Land International regarding the offer of its stapled securities on the SGX. Ascendas Hospitality is a Singapore-based REIT and the hospitality arm of Ascendas Group. Partner Vivian Lam led the transaction for Paul Hastings, while partners Min Yee Ng and Michael Sturrock led Latham & Watkins. Nomura, who advised Shook Lin & Bok, led by partners Tan Woon Hum and Andrea Ng, acted for The Trust Company (Asia) Limited.

Souza, Cescon Barrieu, & Flesch –Advogados advise EIG

Souza, Cescon, Barrieu & Flesch - Advogados represented EIG in its acquisition of stakes in several energy companies in Brazil and Bolivia from AEI. EIG Management paid US$213 million to acquire 100 percent of the equity interest held by AEI. The transaction also included a number of shareholders loans worth US$15 million and US$17 million, respectively. Partner Guilherme Forbes led the transaction.  Clifford Chance, led by partner David Brinton, and Brazil’s Pinheiro Neto Advogados, led by partner Marcos Chaves Ladeira, advised AEI.

Stamford Law Corporation defend appeal for Aamna Taseer

Stamford Law Corporation defends an appeal against a landmark decision it had obtained in February for Mrs. Aamna Taseer. Taseer is the registered proprietor of a piece of prime property in Sentosa Cove, estimated to be worth around S$16 million (US$13m). Director Daniel Chia and partner Tan Chuan Thye led the transaction.

Stamford Law Corporation advises Radiance Group

Stamford Law Corporation represented Radiance Group Ltd in Global Invacom Group Ltd acquisition of them for US$49 million. The transaction has resulted in a fully integrated communications equipment provider, as Radiance’s electronic manufacturing services will be combined with Global Invacom’s design and supply of satellite and television peripherals. The transaction was completed on 5 July 2012. Director Yap Lian Seng led the transaction for Stamford Law.

Sullivan & Cromwell represent Verde Realty

Sullivan & Cromwell acted on behalf of Verde Realty in its US$366 million merger with Brookfield Asset Management Inc. The merger with Brookfield ensures that Verde will benefit from the renewed demand for industrial space. Partners Benjamin Weber, John Evangelakos, Andrew Mason, Eli Jacobson and William Farrar led the transaction. Weil Gotshal advises Brookfield.

Wong & Partners advises lenders for short-term loan facility

Wong & Partners advised a group of lenders in a short-term bridge loan facility of up to US$231.2 million for Petron Oil & Gas International. The facility is to partly finance the acquisition of ExxonMobil Malaysia and Borneo and 65 percent of the entire equity capital of Esso Malaysia Berhad (EMB). Partner Mark Lim led the transaction.

WongPartnership acts for AIMS AMP Capital Industrial REIT Management

WongPartnership advised AIMS AMP Capital Industrial REIT Management Ltd, and HSBC Institutional Trust Services (Singapore) Ltd regarding the establishment of AIMS AMP Capital Industrial REIT’s S$500 million (US$401m) medium-term note program. Partners Hui Choon Yuen and Khoo Yuh Huey led the transaction.

WongPartnership advised Standard Chartered Private Equity

WongPartnership acted for Standard Chartered Private Equity Ltd (SCPEL) and Fuji Investments I in the internal restructuring of Scomi Oilfield Ltd (SOL). The deal also calls for the disposal of SCPEL’s and Broad Peak’s 23.92 percent shareholding in SOL to Scomi Marine Bhd (SMB). Partner Ong Sin Wei led the transaction.

Zicolaw Indonesia and Roosdiono & Partners advise AirAsia Berhad

ZICOlaw Indonesia and Roosdiono & Partners have acted on behalf of AirAsia Berhad in its acquisition of PT Metro Batavia. The acquisition is valued at US$80 million. Upon the acquisition, Batavia Air and IAA, AirAsia’s existing operation, will fly more than 14 million customers serving 42 Indonesian and 12 international destinations.

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