Deal Watch 6/29/12

Posted on June 29, 2012 at 8:06 PM

       A&G Advise Marubeni

Allen & Gledhill advised Marubeni Corp on its acquisition of a $237 million dollar stake in Singapore based reinsurer ACR Capital Holdings Pte. The Japanese trading company now owns 22% of ACR. Allen &Gledhill partner Andrew Ang advised Marubeni on the deal.

        Shook Lin Advise Ezion

Shook Lin & Bok advised Ezion Holdings Ltd. on a notes issuance. The logistics support service provider to oil rigs and other offshore facilities is offering $395 million dollars underwritten by DBS bank, advised by Allen & Gledhill.  Partners Margaret Chin, Daselin Ang, Sharon Wee, and Sunit Chhabra worked on the deal.

       Weil, Gotshal & Manges Advise OTPP

Weil, Gotshal & Manges advised the Ontario Teacher’s Pension Plan on its acquisition of a 10% stake in Kyobo Life Insurance Co. Ltd. from the Korea Asset Management Corp. Weil partners Peter Feist and Soo-Jin Shim advised the OTPP.

       Ropes & Gray Advise Bain

Ropes & Gray advised Bain Capital on the acquisition of a $1.3 billion stake of Japanese TV shopping network Jupiter Shop Channel. Bain now controls 50% of the company, Sumitomo Corp who sold the stake to Bain controls the other half. The deal is being financed by three banks: Bank of Tokyo-Mitsubishi UFJ, Ltd., Sumitomo Mitsui Banking Corp., and Mizuho Corporate Bank Ltd., which is being advised by Baker & McKenzie.

       Latham & Watkins Advise TeaM Energy Corp.

Latham & Watkins advised TeaM Energy Corp.  on the refinancing of an energy facility located in the Phillipines. The cost of the new facility is going to be $220 million. Partner Michael J. Yoshii led the deal from Tokyo.

       Clifford Chance Advise MEXIM Bank

Clifford Chance advised the Export-Import Bank of Malaysia Bhd. on the creation of a notes program worth over $1.5 billion dollars. The notes will be listed on the Labuan International Financial Exchange in Malaysia.

       Herbert Smith Acts for JP Morgan

Herbert Smith advised JP.Morgan Securities (Asia Pacific) Ltd. in its share listing of beer company Tsingtao. Entrepreneur Chen Fashu who had a 7% stake in the company, which he purchased in 2009, sold the shares. The Herbert Smith team was led by Matt Emsley and Kevin Roy in Hong Kong.

       Clifford Chance Advise Huadian Fuxin IPO

Clifford Chance has advised Huadin Fuxin Energy Corp. on its IPO on the HKSE. The company is offering $319 million worth of shares to the public. The company does hydropower projects, coal fired power plnts, and clean energy projects in China. Beijing partner Tim Wang and Shanghai partner Jean Thio led the Clifford Chance team.

       Linklaters Advise CDB Loan

Linklaters advised the China Development Bank on its loan worth over $438 million for the construction of a thermal power plant. The plant is going to be located in central Europe and is part of a larger financing of the project, in total worth $686 million. The Linklaters team was led by Thomas Ng and James Douglass.

       Skadden Advises China P&C

Skadden advised China Petroleum and Chemical Corp Ltd. (Sinopec) on a bond issue on the HKSE last month. China Petroleum and Chemical Corp offered a $3 billion bond issue. Skadden partners Gregory Miao in Shanghai, Peter Huang in Beijing, and Edward Lam in HK advised the issuer.

       Jones Day Advise MediaTek

Jones Day advised MediaTek Inc. on an acquisition of MStar Semiconductor Inc. worth over $3.8 billion. The deal eliminates MediaTek’s biggest rival while making it one of the largest chip manufacturers in Asia. The Jones Day team was led by partner Jack Huang in Taipei.



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