Baker & McKenzie advised private real estate fund, ARA Asia Dragon Fund on the successful acquisition of the Nanjing International Finance Center, a newly completed 51-storey Grade A office cum retail building. The total purchase consideration for the transaction was 1.6 billion renminbi (approximately US$234 million). The team was led by Milton Cheng, partner and co-leader of the firm’s Asia-Pacific REIT Group and Edmond Chan, partner in the real estate investment group in Hong Kong. Freshfields advised as international legal counsel to the audit committee of Yingli Green Energy Holding Co Ltd for their acquisition of Cyber Power Group Ltd at a consideration of US$77.6 million. The firm also advised the audit committee on the related financing arrangements for the acquisition, including issuance of up to US$50 million senior secured convertible notes by the company to Trustbridge. The team was led by Hong Kong-based US partner Calvin Lai. Gilbert + Tobin has advised a syndicate of banks in the acquisition by Hastings Funds Management of Cairns and Mackay airports in Queensland. Partner John Schembri led the transaction team, where the advised syndicate purchased Cairns Airport for A$530 million and Mackay Airport for A$208.8 million. Hogan & Hartson has represented Anschutz Entertainment Group in its negotiations to set up a joint venture with the Shanghai Oriental Pearl Group to manage the Shanghai World Expo Performing Arts Center. The team was led by Steve Robinson, co-managing partner of the firm’s China practice. Hogan & Hartson has represented ALAM Mauritius Holdings in the selling of its equity interest to China Everbright Industrial Investment Holding Ltd. The team was led by Jun Wei,...

Allen & Gledhill has advised DBS Bank Ltd in respect of the establishment of a US$10 billion debt issuance programme, under which it may from time to time issue senior debt securities not exceeding US$10 billion (or the equivalent in other currencies). Partners Prawiro Widjaja and Glenn Foo advised. Allen & Gledhill has also advised DBS Bank Ltd (DBS) and United Overseas Bank Limited, as the arrangers and dealers, DBS as the issuing and paying agent and agent bank, and DBS Trustee Limited as the trustee, in relation to the establishment of a S$1 billion multicurrency medium term note programme under which UOL Group Limited, as the issuer, may issue notes from time to time. Partner Au Huey Ling led the firm’s advisory team. Allens Arthur Robinson has advised NYSE-listed CIT Group Inc (CIT), a leading provider of financing to small businesses and middle market companies, in respect of the sale of CIT Group (Australia) Limited and CIT Group (New Zealand) Limited (together, CIT ANZ) to Bank of Queensland Limited (BoQ). The agreement was signed on 27 April 2010 and completed on 30 June 2010. As part of the transaction, CIT ANZ repaid its outstanding fixed and floating rate notes. The CIT ANZ vendor equipment finance business that BoQ has acquired operates in the IT and office market, as well as the motorcycle and power equipment market. The firm’s advisory team was led by partners Jeremy Low, David Clifford and Andrew Wiseman. Amarchand & Mangaldas & Suresh A. Shroff & Co. has represented Warburg Pincus in connection with its investment in Metropolis Healthcare Limited (MHL), a company which provides...

Allen & Gledhill LLP has advised Neptune Orient Lines Limited (NOL) as to Singapore law in respect of the establishment of a US$1.5 billion Euro Medium Term Note Programme. DBS Bank Ltd, The Hongkong and Shanghai Banking Corporation Limited and Standard Chartered Bank have been appointed as the arrangers of the programme. Partners Tan Tze Gay and Glenn Foo led the transaction. Allen & Gledhill LLP has also acted as Singapore counsel to the arrangers and dealers, the issuing and paying agent and agent bank, and the trustee in respect of Goodpack Limited’s (Goodpack) establishment of a S$300 million (US$215m) multicurrency medium term note programme. Goodpack has appointed Oversea-Chinese Banking Corporation Limited (OCBC) and Standard Chartered Bank as the arrangers and dealers of the programme. OCBC is the issuing and paying agent and agent bank whilst British and Malayan Trustees Limited is the trustee. Partner Au Huey Ling led the transaction. In addition, Allen & Gledhill LLP has also advised the sole global coordinator and the joint bookrunners in respect of the completion by Golden Concord Asia Limited of its secondary offering of 18 million existing ordinary shares in the capital of Overseas Union Enterprise Limited. The offering raised gross proceeds of S$207 million (US$148m). Credit Suisse (Singapore) Limited acted as the sole global coordinator for the offering, whilst the joint bookrunners were Credit Suisse, Morgan Stanley Asia (Singapore) Pte and Standard Chartered Securities (Singapore) Pte Limited. Partners Tan Tze Gay, Yeo Wico and Glenn Foo led the transaction. Moreover, Allen & Gledhill LLP has advised CDL Hospitality Real Estate Investment Trust (which is managed by M&C REIT Management...

Allen & Gledhill LLP has advised The Land Transport Authority of Singapore in respect of its issuance of S$300 million (US$216.9m) 1.675 percent bonds due 2015, and S$275 million (US$198.6m) 2.71 percent bonds due 2020. The bonds are listed on the SGX-ST. DBS Bank Ltd (DBS) and The Hongkong and Shanghai Banking Corporation Limited are the joint lead managers for the issue, whilst . DBS is also the fiscal agent and paying agent for the issue. AZB & Partners has advised HAV3 Holdings (Mauritius) Limited, a wholly owned subsidiary of The HSBC Asian Ventures Fund 3, in respect of its INR500 million (US$11m) investment in the share capital of Avitel Post Studioz Limited, India’s leading integrated provider of post production, archival and restoration services for both Indian and overseas media and entertainment clients. Partner Ashwin Ramanathan led the transaction. Clayton Utz has advised Valemus Limited (formerly Bilfinger Berger Australia) as issuer in respect of its A$1.3 billion (US$1.14b) IPO, which was announced on 8 June 2010. Equity capital markets partner Stuart Byrne, who led the transaction, commented, “The markets may have put a dampener on other IPOs, but the uncrowded air gives investors plenty of time to focus their attentions on Valemus, its significant businesses and experienced board and management.” Clifford Chance has advised Rabobank Group (Rabobank) in respect of its memorandum of understanding with Agricultural Bank of China. The aim of the MOU is to provide mutual assistance and sharing of experience in wholesale banking, rural finance, asset management and leasing, as well as exploring ways to unlock joint business opportunities. Under the MOU, Rabobank will provide technical...

Ali Budiardjo, Nugroho, Reksodiputro has represented two groups of banks (most of them Japanese and led by the Japan Bank for International Cooperation) in respect of granting loans amounting to approximately US$1.8 billion to independent power producers PT Paiton Energy (Paiton) and PT Cirebon Electric Power (Cirebon) to build coal-fired electricity plants with a combined capacity of 1,475 megawatts. The first consortium will loan US$1.21 billion to fund a US$1.5 billion expansion of Paiton’s East Java plant, which will increase capacity by 815 megawatts. The second loan, for US$595 million, will be used by Cirebon to build a new 660 MW plant in Cirebon, West Java. The two teams were led by Emir Nurmansyah. Allen & Gledhill LLP has advised Securus Data Property Fund Pte Ltd (Securus Fund), the world’s first Shariah-compliant data centre fund, in respect of the initial closing of its US$100 million issuance wiith institutional investors from the Middle East and Asia, including Perbadanan Tabung Amanah Islam Brunei as a cornerstone investor. Securus Fund is established, managed and sponsored by Keppel Telecommunications & Transportation Ltd and AEP Capital Ltd (a member of the Saudi Arabia-based Al Rajhi Holding Group) to invest in data centre assets in Asia Pacific, Europe and the Middle East. Eventually, the company intends to increase its aggregate committed capital to at least US$200 million. Partners Jerry Koh and Foong Yuen Ping led the transaction. Allen & Gledhill LLP has also advised DBS Bank Ltd (as arranger) and DBS Trustee Limited (as trustee) in respect of the establishment by Ho Bee Investment Ltd of a S$800 million (US$573m) multi-currency medium term note programme...