Deal Watch July 13

Posted on July 13, 2012 at 9:07 PM

Paul Weiss Advises Carlyle Group

Paul Weiss advised Carlyle Group LP in its acquisition of Mandarin Hotel Holdings. Carlyle bought 49% of the companies stock and effectively controls the company. Mandarin Hotels owned and operated 25 hotels across China. The Paul Weiss team was lead by partner Jeanette Chan, who received help from partner Mark Mendelsohn in Washington D.C. and David Sicular from NYC.

Ascendas Group IPO Advised by Several Firms

Ascendas Property Group is offering its hotel assets through a property trust worth up to $650 million. Allen & Gledhill is leading the charge on Ascendas’s IPO, with help from King& Wood Mallesons, Paul Hastings, Mori Hamada & Matsumoto, Zhong Lun Law Firm, and Kim & Chang. Advising the IPO’s joint financial advisors, joint global coordinators, joint bookrunners, issue managers and underwriters are WongPartnership, Latham & Watkins, and Commerce & Finance Law Offices.

Allen & Gledhill Advises OCBC

Allen & Gledhill advised Oversea-Chinese Banking Corporation Ltd on its issuance of shares worth a total of $790 million. JP Morgan and Morgan Stanley Asia acted as co-managers. Partner Glenn Foo led the transaction.

Baker & McKenzie, Wong and Leow, Advise Deutsche Bank AG

Baker & McKenzie.Wong and Leow, advised Deutsche Bank AGhave in respect of a US$145.5 million syndicated credit facility and a US$30 million syndicated murabaha line facility for PT Media Marya Sentosa (MKS). Partners Emmanuel Hadjidakis from Singapore and Indri Pramitaswari (Mita) and Nadia Nasoetion from Jakarta led the transaction.

Clifford Chance Advise Chalieco

Clifford Chance advised China Aluminum International Engineering Corporation Ltd (Chalieco) in respect of its IPO. The IPO raised approximately US$184 million. Partner Tim Wang led the deal. Paul Hastings, led by partner Raymond Li, advised China International Capital Corporation Hong Kong Securities Ltd and GF Securities Brokerage Ltd as the joint book-runners and joint lead managers.

Clifford Chance Advise DBS Bank Ltd

Clifford Chance advised DBS Bank Ltd as sole lead manager and book-runner on the first Hong Kong dollar-denominated corporate perpetual. The $129 million, 5.25 percent guaranteed senior perpetual securities were issued by Cheung Kong Bond Securities Ltd and guaranteed by Cheung Kong (Holdings) Ltd. Partner Matt Fairclough led the transaction.

Davis Polk Advises CNMC

Davis Polk advised China Nonferrous Mining Corporation Ltd (CNMC) in respect of its $247 million global offering and listing on the HKSE. Partners Bonnie Y Chan, Antony Dapiran, Howard Zhang, Li He, John D Paton and John B Reynolds III led the transaction. The underwriters on the transaction were led by UBS, China International Capital Corporation and JP Morgan as joint global coordinators, joint book-runners and joint sponsors, and were advised by Norton Rose as to Hong Kong and US law.

Freshfields Advise Redwood Group Asia

Freshfields Bruckhaus Deringer advised Redwood Group Asia in respect of the establishment of the Redwood China Logistics Fund. The fund has an initial target to invest US$393.5m of equity in distribution, logistics and light manufacturing real estate facilities in selected high growth markets in China. Partner Edward Cole led the transaction.

Paul Hastings Advises ABC-Mart

Paul Hastings is representing ABC-Mart Inc, a Tokyo, Japan-based publicly-traded shoe retailer, in respect of its US$138 million cash tender offer for all of the outstanding equity of LaCrosse Footwear Inc, a Portland, Oregon-based provider of premium, branded footwear. Partners Hajime Kanagawa, Toshiyuki Arai and Carl Sanchez led the transaction.

Paul Hasting Advises Sansei

Paul Hastings is also representing Sansei Yusoki Co Ltd, an Osaka-based company engaged in the design, manufacture, repair and maintenance of amusement rides, stage equipment and elevators, in respect of its contemplated acquisition of a stake in S&S Worldwide, one of the world’s leading amusement rides and rollercoaster manufacturers located in the US. Partner Toshiyuki Arai led the transaction.

Shook Lin Advises Adampak

Shook Lin & Bok has acted for Adampak Ltd, a manufacturer of high performance labels, seals and other precision die-cut components, in respect of its delisting from the SGX-ST and privatisation by private equity firm Navis Capital Partners Ltd, which is valued at approximately S$110.7 million (US$87.6m). Partners David Chong, Teo Yi Jing and Roy Goh advised on the transaction.

Wong & Partners Advises ADB

Wong & Partners acted as the sole advisor to Asian Development Bank (ADB) in respect of the establishment of ASEAN Infrastructure Fund (AIF). The US$485.2 million vehicle was officiated in September of last year to finance major infrastructure projects across the ASEAN region, and to promote the use of ASEAN reserves in the financing of the region's infrastructure needs. Partner Brian Chia led in the establishment of the vehicle, a Malaysian Labuan Incorporated Company.

Wong Partnership Advises United Overseas Bank Ltd

WongPartnership has acted for United Overseas Bank Ltd, as arranger and dealer, in respect of the establishment of Keppel Telecommunications & Transportation Ltd's US$395.7 million medium-term note program. Partners Hui Choon Yuen and Goh Gin Nee led the transaction.

Wong Partnership Advised Standard Chartered Bank

Wong Partnership has also acted for Standard Chartered Bank and DBS Bank Ltd, as mandated lead arrangers, in respect of the US$296.8m financing to HSBC Institutional Trust Services (Singapore) Ltd, in its capacity as trustee of borrower Cache Logistics Trust, to refinance the borrower’s existing credit facilities and to finance acquisition of future properties. Partners Christy Lim and Carol Anne Tan led the transaction.











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