Deals – 23 October 2008

Clyde & Co LLP has advised KEF Holdings Ltd and subsidiaries, including Emirates Techno Casting FZE LLC, on the sale of a 45 percent interest to the emerging markets division of Dubai International Capital LLC. The team advising KEF was led by Dubai based corporate partners Abhi Jalan and James O’Shea.

Clyde & Co LLP has advised M’Sharie and its controlling shareholder, Dubai Investments, on the successful private placement of 40 percent of its shares with selected institutional investors across the GCC. The private placement was oversubscribed by more than 100 percent and valued at AED 1 billion. The team advising M’Sharie was led by partner Niall O’Toole

Drew & Napier LLC director Petrus Huang led the team advising the fund manager of theVeritas I Fund. The fund is targeted at institutional investors outside of Singapore designed to provide access to public and private equity and pre-IPO investment opportunities and is valued at approximately US$50 million.

Harry Elias Partnership recently advised Second Chance Properties Ltd in relation to the issue and listing of bonus warrants on the main board of the Singapore Stock Exchange, raising up to a total of S$65 million upon full exercise of all bonus warrants. The team advising the company was led by corporate partner Claudia Teo.

Kim & Chang served as legal counsel to Ford Motor Co and its subsidiaries, which include Volvo and PAGK in the establishment of the Jaguar Land Rover Korea Co Ltd. The new entity was formed by horizontally splitting-off the Jaguar and Land Rover business divisions from PAGK. Partner Sung-Joo Yoon led the team advising the companies in this transaction.

Kim & Chang advised the Korea Development Bank private equity fund on its participation in the Dongwon acquisition of the Starkist Tuna division of Del Monte Food Co through a newly established subsidiary. The clients acquired a 40 percent interest in the new company. Myoung-Jae Chung acted as lead partner in the transaction.

Partner Il Jang, led the Kim & Chang team in advising the lenders in the 12 year syndicated term loan facility for the financing of the No 2 heavy oil upgrading project by Hyundai Oilbank Co Ltd.

Norton Rose (Asia) LLP advised the Hongkong and Shanghai Banking Corp Ltd, through its wholly-owned subsidiary HSBC Asia Pacific Holdings (UK) Ltd, on its proposed acquisition of 88.89 per cent of PT Bank Ekonomi Raharja Tbk for a consideration of US$607.5 million from three individual shareholders. The core advisory team was led by Singapore-based corporate partner, Jake Robson, while additional transactional support was provided by Bangkok international managing partner Phillip John.