News By Topic

Deals

Minter Ellison on Li Ka-shing Group's Envestra Bid

By Anna Zhang |

A group of companies controlled by Asia's richest man is seeking to acquire one of Australia's largest natural gas distributors.

Asia Deal Digest: May 29, 2014

By Tom Brennan |

* Simpson guides KKR on its $1 billion acquisition of Singapore's Goodpack
* Chinese state-owned Bright Foods turns to Freshfields for a big Israel acquisition
* DLA Piper and King & Wood Mallesons on major restructuring for Australia's Transfield

Simpson Advising KKR on $1 Billion Goodpack Buy

By Anna Zhang |

Its acquisition of the Singaporean packaging company will be the private equity giant's largest ever investment in Southeast Asia.

Freshfields on Bright Foods Israel Acquisition

By Anna Zhang |

The Chinese state-owned food company is acquiring a 56 percent stake in Tnuva, Israel's largest dairy cooperative.

Freshfields China Antitrust Head Moves to Fangda

By Anna Zhang |

Michael Han, a Freshfields partner since 2009, will join the Chinese law firm's Beijing office.

Milbank, Latham on Indonesia Plant Financing

By Anna Zhang |

A consortium led by two Japanese companies has borrowed $1.17 billion to develop a geothermal plant in northern Indonesia.

Skadden Advises JD.com on Tencent Investment

By Anna Zhang |

Chinese Internet giant Tencent increased its stake in online retailer JD.com through a $1.3 billion placement that ran concurrently with the latter's $1.8 billion Nasdaq IPO.

Asia Deal Digest: May 22, 2014

By Anna Zhang |

* Allen & Overy guides India's Bharti Airtel on a $2 billion bond issue
* Skadden and Davis Polk lead on $1.3 billion Tencent investment in JD.com
* Milbank and Latham on a $1.17 billion Indonesian geothermal plant financing

A&O, Milbank on Bharti Airtel Bond Offering

By Anna Zhang |

The Indian mobile telecommunications giant is raising $2 billion to refinance existing debt.

Davis Polk on $1.5 Billion China Cinda Bond Issue

By Anna Zhang |

The Chinese state-owned "bad bank," which collects non-performing loans from other banks, will use the money raised for investment and as working capital.

Three Firms on Macau Power Deal

By Anna Zhang |

A Chinese state-owned company is acquiring a 38 percent stake in Macau's sole power company for $312 million.

Asia Deal Digest: May 15, 2014

By Anna Zhang |

* Freshfields guides China's Citic Group on massive restructuring
* Herbert Smith Freehills leads on three big China bond offerings
* King & Wood Mallesons advises Sydney airport on $1.4 billion loan

Freshfields Leads on Massive Citic Restructuring

By Anna Zhang |

A Hong Kong subsidiary of the Chinese state-owned investment company is acquiring the assets of its parent for $37 billion.

Shearman Advises on CNPC Bond Issue

By Anna Zhang |

China’s largest oil and gas company has issued two tranches dollar-denominated bonds.

King & Wood Mallesons on Sydney Airport Loan

By Anna Zhang |

The airport operator is borrowing $1.4 billion to repay maturing bonds and fund future capital expenditure.

Herbert Smith Freehills on State Grid Bond Issue

By Tom Brennan |

The Chinese state-owned power company is issuing three tranches of bonds worth $3.5 billion.

Asia Deal Digest: May 8, 2014

By Tom Brennan |

* Simpson Thacher taking China's Alibaba public in the U.S.
* Morrison & Foerster helping Chinese train maker test Hong Kong IPO waters
* King & Wood Mallesons and Minter Ellison on $1.6 billion Newcastle port lease

Alibaba Files for U.S. IPO

By Anna Zhang |

The prospectus filed by the Chinese e-commerce giant Wednesday morning gives the full list of counsel who will be participating in its highly anticipated U.S. initial public offering.

Davis Polk on $2.5 Billion Tencent Bond Offering

By Anna Zhang |

The issue is part of $5 billion program launched by the Shenzhen-based Internet company last month.

MoFo Advising Chinese Train Maker on IPO

By Anna Zhang |

State-owned China CNR Corp. Ltd. is hoping to raise as much as $1.5 billion through its planned Hong Kong listing.

Sidley Advises Hartford on Japan Annuity Unit Sale

By Tom Brennan |

The U.S. insurer is planning to sell the business to Japanese conglomerate Orix Corp. for $895 million.

KWM, HSF on $740 Million Aussie Oil Merger

By Tom Brennan |

Horizon Oil and Roc Oil are combining in an all-stock deal that the companies say will better diversify their respective energy assets in Asia Pacific.

Minter Ellison on Baosteel Aussie Mining Bid

By Tom Brennan |

The Chinese state-owned steelmaker is offering to acquire Perth-based mining company Aquila Resources Ltd. for $1.3 billion.

KWM, Minter Ellison on $1.6 Billion Newcastle Port Deal

By Anna Zhang |

State-run China Merchants Group and Australia’s Hastings Funds Management have purchased a 98-year lease on the world's largest coal export facility.

Gilbert + Tobin on $930 Million Spotless IPO

By Tom Brennan |

Spotless, a Melbourne-based facilities management company, is relisting after being taken private in 2012.

Simpson Advises Alibaba on $1.2 Billion Youku Deal

By Anna Zhang |

The Chinese e-commerce giant is buying an interest in the online video company along with a fund controlled by Alibaba chairman Jack Ma.

Three Firms on CapitaLand's Buyout of Shopping Mall Arm

By Anna Zhang |

The Singaporean property developer is taking private CapitaMalls Asia in a deal worth $2.4 billion.

Asia Deal Digest: May 1, 2014

By Anna Zhang |

* King & Wood Mallesons advises consortium on $6.6 billion purchase of Queensland Motorways in Australia
* Allen & Gledhill on Singaporean developer CapitaLand's $2.4 billion buyout of its shopping malls arm
* Cleary Gottlieb advises state-owned Industrial Bank of Korea on an equity listing in Luxembourg

Three Firms on Reliance Communications' Share Sale

By Tom Brennan |

The Indian telecommunications company sold just under $1 billion in shares in order to repay existing debt.

HSF on Healthscope's $2.4 Billion Aussie IPO

By Tom Brennan |

U.S. private equity giants TPG Capital and Carlyle Group are selling down part of their ownership stake in the company four years after taking it private.

Asia Deal Digest: June 26, 2014

By Tom Brennan |

*Cordells on Citigroup's $700 million purchase of a new Hong Kong headquarters
*Baker & McKenzie advises Japan's Pacifico Energy on financing for new solar project
*Linklaters leads Yes Bank's $488 share placement in India

Clifford Chance on PTTEP's $1 Billion Bond Issue

By Tom Brennan |

The Thai state-run oil and gas company is raising money for further exploration and production activities.

Asia Deal Digest: June 19, 2014

By Anna Zhang |

* Clifford Chance and Herbert Smith Freehills on Shell's $5.7 billion divestment from Woodside
* Allen & Gledhill advising Alibaba on a proposed investment in Singapore's postal service
* Jones Day guides a touchscreen chipmaker on a $598 million acquisition of a Japanese competitor

Simpson, Skadden on Alibaba Browser Buyout

By Anna Zhang |

The Chinese e-commerce giant is buying the remaining shares of browser company UCWeb in deal that could be worth over $1.3 billion.

Gilbert + Tobin on TPG-led Aussie Acquisition

By Tom Brennan |

A consortium led by the U.S. private equity giant is buying the property services unit of Australian engineering company UGL for $1.1 billion.

Withers Adds Hong Kong Partner

By Tom Brennan |

Matthew Egerton-Warburton is joining the British private client boutique from King & Wood Mallesons, where he was a counsel.

Clifford Chance on $5.7 Billion Shell Divestment

By Tom Brennan |

The Anglo-Dutch oil giant is selling most of its interest in Australian oil and gas company Woodside Petroleum.

Skadden, Davis Polk on $1 Billion Sinopec Bond Issue

By Anna Zhang |

The two firms also previously teamed on a $5 billion debt offering by Sinopec in April.

Clifford Chance Advises China Mobile on Thai Investment

By Tom Brennan |

Chinese state-owned company is paying $881 million for an 18 percent stake in True, the mobile carrier controlled by Thai conglomerate Charoen Pokphand Group.

Allens on Frasers' $2.4 Billion Australand Bid

By Tom Brennan |

Singapore-based Frasers is vying with Sydney's Stockland for Australand's 68 properties throughout Australia.

Asia Deal Digest: June 12, 2014

By Tom Brennan |

* Private equity giant CVC turns to Simpson Thacher on formation of new $3.5 billion Asia fund
* Simpson and Skadden on Alibaba browser buyout deal
* Baker & McKenzie advises Australia's Origin Energy on $800 million gas exploration permit buy

Kirkland, O'Melveny on Chinese Chipmaker Deal

By Anna Zhang |

State-owned Shanghai Pudong Science and Technology Investment Co. is offering to acquire Montage Technology Group, a maker of semiconductors used in cloud computing, for $693 million.

Simpson Advises CVC on New Asia Fund

By Tom Brennan |

The London-based private equity firm will invest in the consumer industry in China, Japan, Korea and Southeast Asia.

Skadden, Davis Polk on Baidu $1 Billion Bond Issue

By Tom Brennan |

Chinese internet search giant Baidu is selling the five-year notes in order to raise cash for general corporate purposes.

Asia Deal Digest: June 5, 2014

By Tom Brennan |

* Japan's Dai-ichi Life turns to Baker & McKenzie and Willkie Farr for its first foray into the U.S. market
* Minter Ellison is guiding Asia's richest man on his $2.2 billion bid for Australian natural gas distributor Envestra
* Clifford Chance advises 7-Eleven Malaysia on a $225 million IPO

Allen & Gledhill on $1.7 Billion Developer Buyout Deal

By Tom Brennan |

A consortium led by Singaporean tycoon Ong Beng Seng and Hong Kong-based developer Wheelock & Co. has proposed to buy the outstanding shares of Singapore’s Hotel Properties Ltd.

Three Firms on $5.7 Billion Dai-ichi U.S. Acquisition

By Tom Brennan |

The Japanese insurer is seeking to enter the U.S. market by acquiring Birmingham, Ala.-based Protective Life Corp.

Chinese Companies Return to U.S. Exchanges in Big Way

By Anna Zhang |

Three years ago, U.S.-listed Chinese companies seemed to be an endangered species as many of them became the targets of regulatory investigations and shareholder litigation. But last month Chinese online retailer JD.com had the largest U.S. IPO ever for a Chinese company, with a much, much bigger one for Alibaba Group on the way. Is resurgence here to stay?

Three Firms on Myanmar Telecom Project

By Anna Zhang |

Linklaters, Allens and Squire Patton all have roles on a Japanese consortium’s $2 billion winning bid to build a 3G network in the newly opened country.

Asia Deal Digest: July 24, 2014

By Tom Brennan |

*J. Sagar Associates, Allen & Overy lead Indian state-run ONGC Videsh's $2.2 billion bond sale
*Duane Morris & Selvam advises Korean film company Spackman Entertainment Group on Singapore IPO
*Norton Rose Fulbright acts for Toyota's trading arm on auto parts distribution deal in Thailand and Malaysia

Linklaters Advises DBS on $1.25 Billion Bond Issue

By Tom Brennan |

The Singaporean bank sold two tranches of dollar-denominated bonds in order to support its finance and treasury activities.

JSA, Allen & Overy on ONGC Videsh's Bond Sale

By Tom Brennan |

The state-run oil and gas company sold $2.2 billion worth of dollar- and euro-denominated notes.

K&L Gates Leads Indonesia’s First Euro Note Issue

By Tom Brennan |

The Southeast Asian country sold the seven-year bonds on the Singapore and Frankfurt stock exchanges.

Asia Deal Digest: July 17, 2014

By Anna Zhang |

*Linklaters advises on Hony Capital's $1.54 billion PizzaExpress acquisition
*Skadden acts for Chinese e-commerce company Cogobuy on its $198 million Hong Kong IPO
*WongPartnership represents Lend Lease on a new $729 million loan from DBS and OCBC

Linklaters, Freshfields on Billion-Dollar Pizza Deal

By Anna Zhang |

Linklaters is advising Chinese private equity outfit Hony Capital on its purchase of global restaurant chain PizzaExpress Ltd. from London-based Cinven Partners, which is being represented by Freshfields.

Asia Deal Digest: July 10, 2014

By Tom Brennan |

*King & Wood Mallesons on Puma Energy's $526 million investment in Papua New Guinea
*Davis Polk leads aluminum products maker China Hongqiao Group's $400 million bond issue
*Baker & McKenzie advises Spanish solar company Gestamp on Japan project financing

Three Firms on Bank of East Asia’s $2 Billion Note Program

By Tom Brennan |

The Hong Kong-based bank will sell bonds on the Singapore Exchange in order to raise funds for general corporate purposes.

Wachtell on Expedia’s $658 Million Australian Deal

By Anna Zhang |

The U.S. online travel-booking company is buying Brisbane-based counterpart Wotif.com in order to expand its Asia Pacific footprint.

Davis Polk on Greenland's $1 Billion Bond Sale

By Tom Brennan |

The Chinese property developer is raising money to fund overseas projects.

Asia Deal Digest: July 3, 2014

By Anna Zhang |

*HSF, Gilbert + Tobin on Healthscope Ltd.'s $2.4 billion IPO in Australia
*Davis Polk leads Tencent Holdings Ltd.'s $736 million stake purchase in 58.com
*Wong & Partners advises Malaysia's Icon Offshore Bhd. on public offering in Kuala Lumpur

Ashurst Leads Luye Pharma's Hong Kong IPO

By Tom Brennan |

The Chinese drugmaker is going public for the second time, having delisted from the Singapore Exchange two years ago.

Gilbert + Tobin, HSF on $1.3 Billion Goodman Fielder Deal

By Anna Zhang |

Wilmar International Ltd. and First Pacific Co. Ltd., which together control about 20 percent of the Australian food company, are buying out the remaining shares they don't currently own.

Davis Polk on Tencent's $736 Million Buy Into 58.com

By Anna Zhang |

Shenzhen-based Tencent is acquiring a near 20 percent stake in China's answer to Craigslist.

Kirkland Leads Qihoo’s $900 Million Bond Sale

By Tom Brennan |

Latham & Watkins, King & Wood Mallesons and Commerce & Finance Law Offices also had roles on the deal.

HSF Acts for Leighton-Led Consortium on New Zealand Infrastructure Bid

By Anna Zhang |

The group of five investors will pay $845 million to build the Transmission Gully Motorway near Wellington, in the country’s largest-ever public-private partnership deal.

V&E, Freshfields on Blackstone Asian Energy Investment

By Tom Brennan |

The U.S. private equity company is putting $800 million into newly formed Tamarind Energy, which will focus on upstream oil and gas work in Southeast Asia.

Five Firms on Tata Steel’s $1.5 Billion Note Issue

By Tom Brennan |

Milbank and Linklaters led the group on the Indian company’s first dollar-denominated debt issue.

Linklaters, Weil on Financing for PizzaExpress Deal

By Anna Zhang |

Chinese private equity firm Hony Capital raised about two-thirds of the $1.54 billion it agreed to pay for the British restaurant chain last month.

Asia Deal Digest: July 31, 2014

By Anna Zhang |

*Ashurst, Morrison & Foerster lead billion-dollar tie-up between Itochu and CP Group
*Kirkland & Ellis acting for Chinese mobile game developer iDreamSky Technology on Nasdaq IPO
*Milbank on GIC's investment in Philippine conglomerate Metro Pacific

Paul Hastings on Sino-Ocean's $1.2 Billion Bond Issue

By Tom Brennan |

The Chinese state-run property company sold five-year and ten-year bonds in order to repay existing debt.

Allen & Gledhill on OCBC’s $2.7 Billion Rights Issue

By Anna Zhang |

Singapore’s second-largest lender by assets is looking to refill its coffers after spending $5 billion to purchase Hong Kong-based Wing Hang Bank.

Asia Deal Digest: Aug. 19, 2014

By Tom Brennan |

*Allen & Gledhill, Clifford Chance on OCBC’s $2.7 billion rights issue in Singapore
*HSF advises KKR/Abacus joint venture on stake purchase in Melbourne’s World Trade Center
*Gibson Dunn leads Chinese consortium’s $1.7 billion take private offer for U.S. chipmaker OmniVision

Gibson Dunn on Chinese Consortium's Bid for OmniVision

By Anna Zhang |

Beijing-based Hua Capital Management and Shanghai Pudong Science and Technology Investment are looking to take the Santa Clara-based company private for $1.7 billion.

KWM on $1.2 Billion Sydney Highway Refinancing

By Tom Brennan |

Allens acted for the lenders that funded the Westlink M7 motorway project.

HSF on Commonwealth Bank's $1.9 Billion Notes Offer

By Tom Brennan |

The Sydney-based bank will use the notes to bolster its capital reserves and to fund operations.

Asia Deal Digest: Aug. 14, 2014

By Anna Zhang |

*Linklaters leads Dairy Farm's $925 million investment in Shanghai-listed Yonghui Superstores
*Norton Rose Fulbright advises Fosun International on its winning bid for Roc Oil in Australia
*Amarchand advises on a $349 million share sale by Bharti Airtel's tower unit

Linklaters Advising Dairy Farm on China Investment

By Anna Zhang |

The Jardine Matheson subsidiary is purchasing a near 20 percent stake in Shanghai-listed Yonghui Superstores for $925 million.

Cleary on Korea Ex-Im Bank's $1 Billion Bond Offer

By Anna Zhang |

The credit agency sold two $500 million tranches of notes to extend loans and repay debt.

Asia Deal Digest: Aug. 7, 2014

By Tom Brennan |

*Milbank leads Tata Steel's first dollar-denominated bond sale, worth $1.5 billion
*Ropes & Gray advises Macquarie fund on investment in New York Stock Exchange-traded JinkoSolar
*Malaysia’s Sona Petroleum taps Norton Rose Fulbright for oil concession purchase in Gulf of Thailand

HSF, V&E on $1.1 Billion China Oil Deal

By Tom Brennan |

Hong Kong-based Brightoil has bought the Bohai Bay offshore assets of U.S. exploration and production company Anadarko Petroleum.

MoFo, Ashurst Lead CP Group-Itochu Alliance

By Tom Brennan |

The Thai conglomerate and Japanese trading house have struck a billion-dollar deal that will see them collaborate in the food and agribusiness sectors.

Aussie Firms on $6.6 Billion Toll Road Deal

By Anna Zhang |

A consortium led by Transurban Group, Australia’s largest toll road operator, is buying regional competitor Queensland Motorways Ltd.

Davis Polk Advises CNOOC on $4 Billion Bond Issue

By Anna Zhang |

The Chinese state-owned oil company will use the proceeds to repay funds borrowed to finance its $15.1 billion acquisition of Canada's energy company Nexen Inc.

Asia Deal Digest: April 24, 2014

By Tom Brennan |

* Herbert Smith Freehills and Freshfields lead on state-owned company's acquisition of Hess Oil assets in Thailand
* Cleary, O'Melveny and Kirkland on a Chinese IT company's $332 million take-private
* Willkie Farr guides a U.S. VC fund on a $250 million investment Down Under

Amarchand on $1 Billion Oil India Bond Issue

By Tom Brennan |

The state-owned oil company is raising funds to repay existing debt.

Herbert Smith Freehills Advises Thai SOE on Hess Buyout

By Tom Brennan |

PTT Exploration and Production Pcl. is paying $1 billion for Hess' interest in two natural gas projects in Thailand.

Linklaters on $1 Billion OCBC Bond Issue

By Tom Brennan |

The Singaporean bank sold the 10-year bonds in order to raise money for general corporate purposes and to comply with new reserve requirements.

S&R, Amarchand on Vodafone India Buyout

By Anna Zhang |

Vodafone last week paid $1.48 billion for the remaining 11 percent stake in Vodafone India Ltd. it didn’t already own, making it the first foreign telecom carrier to wholly own its Indian subsidiary.

Three Firms on Chinese Group's $6 Billion Peru Mine Buy

By Tom Brennan |

A consortium of state-owned companies led by China Minmetals subsidiary MMG is acquiring the Las Bambas copper project in southern Peru from GlencoreXstrata.

Simpson, Linklaters on Chinese Department Store Buy

By Anna Zhang |

A Chinese company is buy British department store chain House of Fraser for $804 million, with plans to open 50 stores in China.

Asia Deal Digest: April 17, 2014

By Anna Zhang |

* White & Case and Linklaters lead on $5.85 billion Chinese mine acquisition in Peru
* Chinese retail group turns to Simpson Thacher for its takeover of a British department store chain
* Milbank advises the government of Sri Lanka on a third sovereign bond offering

Skadden Advises Sinopec on $5 Billion Bond Issue

By Tom Brennan |

It is the third multi-billion-dollar bond offering by the Chinese state-owned oil giant in the past year.

Shearman, Davis Polk on $3.2 Billion India Drug Merger

By Anna Zhang |

Indian generic drug maker Sun Pharmaceutical Industries Ltd. is acquiring local competitor Ranbaxy Laboratories Ltd. from Japan's Daiichi Sankyo Co.

Aussie Firms on Wesfarmers' Insurance Brokerage Sale

By Tom Brennan |

U.S. insurance brokerage Arthur J. Gallagher & Co. has proposed buying the business of the Australian conglomerate for $933 million.

Four Firms on Woolworths' Aussie Acquisition

By Tom Brennan |

South African retailer Woolworths has offered to pay $2 billion for Australia's David Jones chain of upscale department stores.

Asia Deal Digest: April 10, 2014

By Tom Brennan |

* Shearman and Davis Polk on $3.2 billion merger of Indian generic drug makers
* Linklaters and Gilbert + Tobin advising a South African retailer on its $2 billion bid for Australia's David Jones department stores
* Chinese state food giant COFCO turns to Clifford Chance for Hong Kong grain trading acquisition

Clifford Chance Advises COFCO on Hong Kong Acquisition

By Anna Zhang |

The Chinese state-owned food giant is buying a controlling stake in the agricultural unit of supply chain company Noble Group.

Aussie Firms on $20 Billion Westfield Financing

By Anna Zhang |

The loans will finance a restructuring that will split the Australian shopping mall developer into domestic and international arms.

Herbert Smith Freehills on $2.76 Billion Motorway Deal

By Anna Zhang |

A consortium led by Queensland state government-owned investment fund QIC Ltd. has agreed to pay $2.76 billion to build the nine-kilometer NorthConnex Motorway near Sydney.

Asia Deal Digest: April 3, 2014

By Anna Zhang |

* HWL Ebsworth advises restructuring Aussie mall developer Westfield on $20 billion in loan facilities
* Slaughter and May and Freshfields on Singapore bank's proposed $5 billion Hong Kong acquisition
* Skadden guides Chinese antivirus software maker on $300 million U.S. IPO