|Clifford Chance has advised Grosvenor Ltd on its first joint venture with Vega Property Group to establish the US$250 million Grosvenor Vega China Retail Fund LP. Key Hong Kong corporate partners involved in the transaction included James Walker, Matthias Feldmann and Elizabeth Mifsud.
Fried, Frank, Harris, Shriver & Jacobson LLP (in association with Huen Wong & Co) represented Chow Tai Fook Group in its HK$505 million acquisition of Peace Mark’s luxury watch retail network. Corporate partners Joseph Lee and Richard Steinwurtzel, and finance partner William Yoo, were active in the transaction. Lovells acted for the Provisional Liquidators of Peace Mark in the transaction. The Lovells advisory team included Neil McDonald, Timothy Sackar, Jennifer Lam and Rachel Lao.
Partner Jack Su led the JSM team in advising Aqua Resources Fund Ltd (Aqua) on its first investment and international joint venture with the Ranhill Group, to form Ranhill Water Technologies (Cayman) Ltd. The new joint venture will invest in water and wastewater operations in the PRC and Thailand. Aqua will invest US$12.5 million for a 45 percent interest in RWT Cayman.
Khaitan & Co advised Blackstone in its acquisition of a majority stake in Mumbai-based CMS Computer. The transaction also involved the set-up of a new company by carving out the IT infrastructure management and the outsourced business services division. Haigreve Khaitan and Rabindra Jhunjhunwala were lead partners on the transaction.
Kim & Chang advised Townsend Advanced Energy Inc in its acquisition of a 48 percent interest in KOKAM Co Ltd. Key partners to the transaction were SY Park and BD Lee.
Kim & Chang acted as Korean legal counsel to the managers in the successful issuance of asset backed securities by Frontier 11th Securitization Specialty Co Ltd. This issuance was structured as a domestic securitization transaction by Samsung Card Co Ltd and raised ₩400 billion in difficult market circumstances. Partner YH Kim led the advisory team on the transaction.
Kim & Chang represented Doosan Infracore in their acquisition of 100 percent of the shares in Moxy Group Companies in Norway, the UK and the US. Key partners to the transaction were SY Park and TG Roh.
Lovells acted as international legal counsel to UK listed Salamander Energy plc and US company Murphy Overseas Ventures Inc in their recent successful bids for oil and gas exploration rights in Indonesia. The team advising the bidders was led by partner Brad Roach.
O’Melveny & Myers represented GST Holdings Ltd as its M&A counsel in a takeover bid from United Technologies Far East Ltd for all of GST’s outstanding shares and options, other than the shares already held by bidder. The total consideration payable by to complete the takeover bid was approximately HK$1.93 billion or US$247 million. In Hong Kong, the advisory team was led by partner Colin Law.
Orrick, Herrington & Sutcliffe LLP has advised global container terminal operator COSCO Pacific Ltd in securing a concession agreement with Piraeus Port Authority SA to develop and operate Piers 2 and 3 at the port of Piraeus in Greece. Christopher Stephens, the firm’s managing partner for Asia and China team leader was lead partner on the transaction.
Rajah & Tann LLP acted as counsel to ETLA Ltd in the proposed merger between ETLA and ElectroTech Investments Ltd. The shareholders of ETLA will receive new shares in the capital of ElectroTech Investments Ltd as consideration for the scheme. Sin Chei Liang led the advisory team on the transaction, which was valued at approximately S$30.05 million.
Rajah & Tann LLP acted as local counsel to Kulicke & Soffa Industries Inc in the US$165 million sale of their wire business unit to German metals and technology group WC Heraeus GmbH. Partner Regina Liew advised on the transaction.
Shearman & Sterling has advised Abu Dhabi investors on their subscription of £3.25 billion mandatorily convertible notes, reserve capital instruments and warrants in Barclays plc. The advisory team was led by partners Philip Dundas, Laurence Levy and Tim Pick, and included partners Patrick Clancy, Kenneth Lebrun, Barney Reynolds, Josanne Rickard, Bradley Sabel, Iain Scoon and Thomas Wilner.
Zul Rafique & partners has represented Iskandar Malaysia in the negotiations with Newcastle University on the setting up of the Newcastle University Medicine Malaysia in the nation’s latest education hub, Educity in Johor. The development corridor is about three times the size of Singapore and is expected to be completed in 20 years. The partners involved in the project were Tunku Alizan RM Alias and Ermira Faridah Mohd Said.