|AZB & Partners has advised the Blackstone Group in its acquisition of a minority shareholding in NSL Seeds. The firm was involved in conducting legal due diligence, advising on the structure, drafting of the transaction documents and negotiating the transaction documents. Ashwin Ramanathan was lead partner on the advisory team.
AZB & Partners acted for Export Development Canada as lender and mortgagee in a loan agreement in relation to additional financing for Global Vectra Helicorp Ltd in connection with the financing towards the purchase of an aircraft. Bahram Vakil led the firm’s team on the transaction.
AZB & Partners has advised an international aircraft leasing entity incorporated in Ireland on the securitization and leasing of helicopters owned by the leasing entity for a total consideration of approximately US$13 million. Bahram N Vakil was lead partner on the deal, with the firm providing advice relating to Indian jurisdictional issues, civil aviation requirements and enforceability of judgments obtained by foreign courts in India.
AZB & Partners acted for Punjab National Bank (International) Ltd in its loan facility extended to Venus Projects Ltd. The firm was involved in providing advice in relating to Indian jurisdictional issues in relation to the transaction and the documents contemplated thereof, civil aviation requirements of the Civil Aviation Authorities in India, and further providing responses to queries in relation to import, registration and operation of the Aircraft in India and the enforceability of an English law judgment in India. Bahram N Vakil acted as lead partner on the transaction.
Deacons has advised Bank of America on the Hong Kong legal aspects of their secondary placement of China Construction Bank shares. Rhoda Yung and Alexander Que were lead partners on the transaction, valued at approximately US$2.8 billion.
DLA Piper has advised China Everbright Capital Ltd as sponsor and underwriter of Hong Kong’s first IPO of the year by Strong Petrochemical Holdings Ltd. The listing successfully raised HK $250 million and was led by partner Esther Leung.
DLA Piper has advised China Singyes Solar Technologies Holdings Ltd on their recent Hong Kong IPO. Parnters Dr Liu Wei and Jeffrey Mak led the transaction, which was over-subscribed by approximately 70 times.
JSM has advised China Overseas Land & Investment Ltd on its recently announced HK$2.5 billion open offer. Partner Jeckle Chu lead the transaction, in which the company has proposed to raise funds through the issue of approximately 314 million shares at HK$8 per share.
Milbank, Tweed, Hadley & McCloy LLP has advised multiple syndicates of financial institutions on the US$2.3 billion financing and restructuring of the Tanjung Jati B Expansion coal-fired power project in Indonesia. This is the first large-scale Asian power project to be closed by an international investor in the wake of the recent credit crisis. Team leaders on the project were head of project and leveraged finance Mark Plenderleith, senior partner Gary Wigmore and partner Darrel Holstein, all of the Tokyo office.
O’Melveny & Myers LLP represented Acorn International Inc in its acquisition of Yiyang Yukang Communication Equipment Co Ltd, a domestic communication equipment producer and distributor in China .The Shanghai-based team was led by partner Portia Ku, with partner Larry Sussman providing tax-related advice.
Paul, Hastings, Janofsky & Walker advised Traxon Technologies on its agreement to sell a majority interest to OSRAM, a wholly-owned subsidiary of Siemens. In relation to the sale, the firm advised the company on its large scale global restructuring which was required before acquisition could proceed, and involved complex legal issues across numerous jurisdictions including China, France, Germany, Hong Kong, Japan, the Netherlands, the UK and the US. M&A partner Daniel Kim led the firm’s collaboration of international lawyers on the transaction.
Rajah & Tann LLP acted as counsel for Zhong Nan Holdings Ltd in its compulsory acquisition of shares of Midsouth Holdings Ltd. The firm acted for the offeror in the exit offer and delisting exercise, whereby the exit offer consideration aggregated S$65,852,800. The transaction was led by partners Chua Kim Huat and Danny C Lim.
Rajah & Tann LLP represented Armada Shipping Pte Ltd in obtaining Company Act section 210 relief for the purposes of restructuring its US$500 million in debts and obtaining stays of all ongoing and pending proceedings against the company. Lionel Tay, Patrick Ang and Desmond Wee comprised the lead partners on the matter.
Skadden represented Merrill Lynch as the sole dealer manager in the tender offers by Galaxy Entertainment Finance Co Ltd for its guaranteed senior floating rate notes due 2010 and the 9.875 percent guaranteed senior notes due 2012. The exact purchase price is to be determined using a modified Dutch auction procedure. The advisory team was led by partners Edward Lam and Nick Norris.
Yulchon has advised Shinsegae Co Ltd on the acquisition of the Mesa Building, a 23 story retail building located in Seoul, Korea. This landmark building in the centre of the city had over 90 strata-titles which resulted in complex legal issues that needed to be resolved and negotiated among the title owners as well as the seller. Bong Hee Han, Tong Chan Shin and Jeong Hye Ahn were lead partners in the ₩135 billion (US$ 91.8 million) transaction.
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