Allens Arthur Robinson acted for global steel manufacturer and distributor OneSteel Ltd in the company’s accelerated non-renounceable rights issue with institutional placement. The capital raising comprises an A$240 million fully underwritten institutional placement and a non-renounceable 2-for-5 pro-rata entitlement offer to all eligible shareholders to raise up to A$878 million in total. Partners Vijay Cugati, Tom Story and Andrew Finch led the team on this matter. Orrick, Herrington & Sutcliffe LLP represented Antara Holdings (Asia) Ltd in the negotiation of an early stage investment by Preferred Freezer Services LLC. The project involves an environmentally-friendly cold storage facility in Ho Chi Minh City, which aims to have a zero-carbon footprint. The firm also represented Antara in connection with a US$14 million long term fixed rate loan provided to the company. The team was led by corporate partner David Halperin. Orrick, Herrington & Sutcliffe LLP represented Gmarket Inc in eBay’s all cash public tender offer for up to 100 percent of Gmarket for US$1.2 billion. Subject to regulatory approvals, the transaction is expected to close in June 2009. The team included corporate partners Mark J Lee and David Cho in Hong Kong and M&A co-chair Richard Vernon Smith in San Francisco. Orrick, Herrington & Sutcliffe LLP has advised Woori Investment & Securities in relation to the establishment and launch of two hedge funds, Woori Absolute Asia Multi-Strategy Fund and Woori Absolute Global Opportunities Fund, with initial capital of US$100 million. The advisory team was led by partners Sook Young Yeu in Hong Kong and Eugene Chang in Tokyo. Paul, Hastings, Janofsky & Walker has advised Shimao Property Holdings in its HK$1.9...

AZB & Partners represented Geodis SA as India counsel in its acquisition of the global logistics operations of IBM Corp, which included a transfer of assets and workforce. The transaction was implemented through a master asset purchase agreement governing the global transaction, and local transfer agreements in each jurisdiction. Sai Krishna Bharathan acted as lead partner. Khaitan & Co advised Novavax Inc in relation to their joint venture with Cadila Pharmaceuticals for the licensing, manufacture and sale of various pharmaceutical preparations and vaccines in and outside India. The companies will form an 80-20 joint venture in India to which they will contribute licenses for the development and manufacture of certain products. KhattarWong advised the Economic Development Board in relation to a S$300 million term loan granted by the EDB to Micron Technology Inc. Managing partner Tan Chong Huat led the team of advisors to the client on this transaction. Pinsent Masons has advised Veolia Transport China Ltd on a 50-50 partnership with Wharf Transport Investments Ltd to operate Hong Kong Tramways Ltd. Partner Peter Bullock led the collaborating team advising on due diligence and Hong Kong aspects of the transaction. WongPartnership LLP acted for UOL Development Ltd and UOL Group Ltd in the S$239.15 million syndicated secured financing comprising of a transferable term loan facility and a banker’s guarantee facility for the enbloc acquisition and development of a residential development straddling two separate pieces of property. Partners Susan Wong and Monica Yip led the transaction. WongPartnership LLP acted as Singapore counsel to the lenders in relation to the 850 million Swiss francs facilities granted by a syndicate of banks...

Ashurst has advised the borrower, Gas Opportunity MV20 BV, and the sponsors, MODEC Inc, Mitsui & Co Ltd and Mitsubishi Corp, in connection with the US$428 million project financing of a floating, production, storage and offloading system to be situated in the Petrobras Urugua/Tambau field offshore Brazil. The team was led by Tokyo managing partner John McClenahan. Azmi & Associates acted as Malaysian counsel for Ingress Corp Berhad in a joint venture and the associated transactions with Mayur Industries Ltd, for the establishment of a new joint entity in the city of Gurgaon to undertake automotive parts manufacture. Clifford Chance advised UBS as sole global coordinator and sponsor on the listing of Silver Base Group Holdings Ltd on the main board of the Hong Kong Stock Exchange. The final offer price was HK$3.45, raising gross proceeds of approximately US$133 million. Corporate partner Amy Lo led the advisory team in the transaction. Freshfields Bruckhaus Deringer advised Atlantis Resources Corp on its fund raising from Statkraft and its existing shareholders. The firm also advised on the company’s strategic collaboration to develop tidal current electricity projects in Europe. The deal was led by partner and head of the firm’s China IP/IT practice, Connie Carnabuci, and corporate partner Stuart Grider. Gide Loyrette Nouel partner Guillaume Rougier-Brierre led the firm’s team advising Domaines Baron de Rothschild on its investment in China’s wine industry. The team acted as international counsel in all legal aspects of the joint venture. Gide Loyrette Nouel has advised Veolia Transport China Ltd on a 50-50 partnership with Wharf Transport Investments Ltd to operate Hong Kong Tramways Ltd. The advisory team...

Allens Arthur Robinson has advised Tabcorp Holdings Ltd on the first major retail offering of corporate bonds in Australia in almost 20 years. The company aims to raise around A$200 million through the offer. Partners Robert Simkiss, Robert Pick and Jason Morris headed up the deal, advising the company on, among other things, the preparation of the prospectus and the structure of the bonds’ terms and conditions. Clifford Chance advised Morgan Stanley as a shareholder of United Industrial Corp Ltd (UIC) in relation to the offer made by United Overseas Land for UIC and the sale by Morgan Stanley of 11 percent of UIC’s issued share capital to United Overseas Land. Lead counsel on the transaction were Hong Kong corporate partners Mark Shipman and Matthias Feldmann and Singapore corporate partner Lee Taylor. Clifford Chance has advised the lenders on a US$225 million financing for a refinery development by Pertamina, Indonesia’s state-owned oil and gas company. A team led by partner Ting Ting Tan advised BNP Paribas, The Hong Kong and Shanghai Banking Corp Ltd, and The Sumitomo Trust & Banking Co Ltd on the financing. Deacons acted for a subsidiary of Thailand multi-national energy company PTT International in a major international deal to buy up to a US$325 million stake in SBI, a coal subsidiary of Straits Resources Ltd. Shaun McRobert, head of equity & capital markets in Western Australia acted lead partner on the deal, which involved extensive cross-border due diligence, complex joint venture negotiations and a competitive bid structure within a dual level regulatory regime. DLA Phillips Fox acted for GMO Renewable Resources on the A$172 million...

Allen & Gledhill LLP has advised Alhambra, the arrangers, hedging banks, facility agent and security agent and the lenders in the company’s $S390.1 million rated mortgage-backed term loan facilities. The transaction marked the first such structure of its kind in Singapore. Lead partners involved in the transaction were Margaret Chin, Magdalene Leong, Jafe Ng, Cara Chan, Lyn Wee and Chew Mei Choo. Allen & Gledhill LLP has advised Bukit Sembawang Estates Ltd in their launch of a renounceable partially underwritten one-for-one rights issue. The issue is comprised of two free detachable warrants for every five rights shares subscribed to raise up to S$347.4 million. Partners Tan Tze Gay, Sharon Wee and Wong Sook Ping led the advisory team on this transaction. Allen & Gledhill LLP has advised Chartered Semiconductor Manufacturing Ltd and the underwriters, Singapore Technologies Semiconductors Pte Ltd, in a US$311.2 million rights issue. The issue involves a 27-for-10 renounceable fully underwritten rights offering of new ordinary shares. Lead advisors for Chartered on the transaction were partners Tan Tze Gay and Prawiro Widjaja, with partners Lim Mei and Lee Kee Yeng advising the underwriters. Allen & Gledhill LLP has advised Oversea-Chinese Banking Corp Ltd in its offer to exchange its outstanding five per cent subordinated notes due 2011 for 5.60 per cent subordinated notes due 2019 callable with step-up in 2014. This is the first exchange offer of debt securities that qualify as regulatory capital, and the first exchange offer of debt securities cleared through The Central Depository (Pte) Ltd. Lead partners advising OCBC were Tan Tze Gay, with partner Cara Chan leading those advising the trustee, The...