Freshfields Bruckhaus Deringer is advising HKBN Ltd., Hong Kong’s second-largest broadband internet provider, on its $750 million initial public offering.
Investors CVC Capital Partners, which is controlled by private equity company Carlyle Group, and Singapore’s sovereign wealth fund, GIC Private Ltd., raised $710 million selling shares in HKBN, according to Reuters. The remaining $40 million was raised by Carlyle’s AlpInvest Partners, HKBN CEO William Yeung and a group of employees, the newswire said.
