Mori Hamada & Matsumoto and Simpson Thacher & Bartlett are advising Osaka-based beverage maker Suntory Holdings Ltd. on what is expected to be Japans largest initial public offering this year. Privately held Suntory, perhaps best known as a maker of whiskey, is looking to raise $4.7 billion by listing its wholly owned food and nonalcoholic beverage unitSuntory Beverage & Foodon the Tokyo Stock Exchange. The IPO is planned for July 3. Mori Hamada Tokyo partners Toru Ishiguro and Taro Omoto are acting as Japanese counsel to the issuer, while Simpson Thacher Tokyo partner Alan Cannon is advising on U.S. law issues. Anderson Mori & Tomotsune Tokyo partner Hironori Shibata and Sullivan & Cromwell Japan practice head Izumi Akai are advising underwriters Nomura Holdings Inc., Morgan Stanley, and JPMorgan Chase & Co. [Read full story]
India
Vedanta Resources, a London-based metals and mining company that primarily operates in India, has issued $1.7 billion in bonds on the Singapore Stock Exchange. Latham & Watkins Singapore partners Rajiv Gupta and Timothy Hia, London partner Lene Malthasen, and Hong Kong partner David Miles advised Vedanta on English law and U.S. law. Shearman & Sterling Hong Kong partner Kyungwon Lee and London partner Mei Lian represented underwriters Barclays, Citigroup Global Markets, J.P. Morgan Securities, Merrill Lynch, Pierce, Fenner & Smith Inc., The Royal Bank of Scotland, Standard Chartered Bank, and Deutsche Bank AG, Singapore Branch. Amarchand & Mangaldas & Suresh A. Shroff & Co. Delhi partners Prashant Gupta and Monal Mukherjee advised both Vedanta and the underwriters as to Indian law. [Read full story]
