Morrison & Foerster
Skadden, Arps, Slate, Meagher & Flom
have the lead roles advising Japanese Internet and telecommunications group SoftBank Corp. on its proposed $20.1 billion purchase of American mobile carrier Sprint Nextel Corp. If completed, the deal will be the largest overseas acquisition by a Japanese company ever. Morrison & Foerster is acting as lead counsel to SoftBank, with Tokyo office head Kenneth Siegel and global mergers and acquisitions head Robert Townsend in San Francisco leading a team that includes Tokyo partners Andrew Winden, Ivan Smallwood, and Dale Caldwell; Palo Alto partner David Lipkin; and San Francisco partners Jaclyn Liu and Brandon Parris. Tokyo firm
Mori Hamada & Matsumoto
is advising SoftBank on Japanese law. Skadden is lead counsel to Sprint. The firm’s team includes New York partners Thomas Kennedy, Yossi Vebman, and Stephanie Teicher, as well as Washington partner Jeremy London.
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Simpson Thacher & Bartlett
Baker & McKenzie
have advised U.S. modular construction company Algeco Scotsman Group and Australia’s Ausco Modular on a $3.4 billion refinancing of debt stemming in part from the two companies’ merger. Financing for the transaction closed October 11 and included about $2.2 billion in bonds and a $1.2 billion asset-backed credit facility. Simpson Thacher & Bartlett New York partners Kenneth Wallach, Marissa Wesely, Robert Holo, and David Rubinsky, as well as London partner Stephen Short, advised Algeco and Ausco on U.S. and U.K. law. Baker & McKenzie Sydney partners George Harris and Julie Hutton acted as Australian counsel to the companies.
Skadden, Arps, Slate, Meagher & Flom
advised underwriters led by Bank of America and Deutsche Bank on U.S. and U.K. law.
King & Wood Mallesons
Sydney partner Richard Hayes advised them on Australian law.
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King & Wood Mallesons acted for natural gas pipeline operator DBP Group on its $160 million seven-year bank debt facility provided by a syndicate of Japanese bank led by the Bank of Tokyo–Mitsubishi UFJ, Ltd. DBP Group is the trading name for the group of entities that run the Dampier to Bunbury Natural Gas Pipeline in Australia, including majority owner and energy utility company DUET Group and minority stakeholder Alcoa Inc. King & Wood Mallesons Perth-based partner Nicholas Creed advised DBP, while
Allens partner Simon Lynch in Melbourne represented the Japanese banks.
Khaitan & Co. represented Network18 Media & Investments Ltd. and its subsidiary TV18 Broadcast Ltd. on a $1 billion rights issue to existing shareholders in order to fund the acquisition of India’s Eenadu satellite television network, one of the country’s largest. Partner Vibhava Sawant took the lead for Khaitan on the transaction.
Amarchand & Mangaldas & Suresh A Shroff & Co. partner Prashant Gupta advised lead managers ICICI Securities Ltd. and RBS Equities (India) Ltd. on Indian law, while
Latham & Watkins Singapore partner Rajiv Gupta advised on international legal issues.
AZB & Partners also worked on the transaction, representing Reliance Industry Ltd.’s Independent Media Trust, which funded a significant portion of the rights issues.
Loeb & Loeb served as counsel for Indian rice company Amira Nature Foods Ltd. on its $90 million IPO on the New York Stock Exchange. Amira Nature was represented by New York partners Joseph Daniels and Norwood Beveridge.
Amarchand & Mangaldas & Suresh A Shroff & Co. partner Prashant Gupta advised the company on Indian law from New Delhi. Underwriters UBS Investment Bank, Deutsche Bank Securities, Jefferies & Company Inc., and KeyBanc Capital Markets Inc. were represented by
Skadden, Arps, Slate, Meagher & Flom New York partners David Goldschmidt and Michael Zeidel.
Norton Rose and
Linklaters served as lead advisers on the recent sale of London landmark the Battersea Power Station to a consortium of Malaysian investors for $647 million. The consortium was made up of property group SP Setia, multinational conglomerate Sime Darby, and Malaysia’s Employees Provident Fund. Norton Rose London real estate partners Dan Wagerfield, David Sinclair, and Charlotte Bijlani ran the transaction for the consortium, with support from banking partners Richard Calnan, Dan Kennedy, James Stonebridge, and Mark Lloyd Williams, all in London.
Baker & McKenzie Malaysian member firm
Wong and Partners also advised the consortium, led by partner Brian Chia, as did
Shearn & Delamore partner Sau Sar Yee. Both worked out of Kuala Lumpur. Offshore firm
Mourant Ozannes acted for the consortium as well. Linklaters advised Ernst & Young, which had served as administrator and receiver for Battersea since 2011. London partner Mark Burgess-Smith led the team with help from restructuring and insolvency partner Rebecca Jarvis. While the station has not generated electricity for 30 years, it remains an icon after appearing in the Beatles’ 1965 movie
Help! and on the cover of Pink Floyd’s 1977 album
A consortium of buyers has made a $326 million bid to take private Chinese agriculture company Yongye International. The buyers—Yongye chairman and CEO Zishen Wu, Full Alliance International Ltd., Morgan Stanley’s MSPEA Agriculture Holding Ltd., and Abax Global Capital—have offered to pay $6.60 a share for all outstanding shares that they do not already own.
Skadden, Arps, Slate, Meagher & Flom Beijing partners Peter Huang and Michael Gisser are acting for Wu and Full Alliance.
Paul, Weiss, Rifkind, Wharton & Garrison Hong Kong partner Jack Lange and New York partners Tony Myerson and Ariel Decklebaum are representing MSPEA, and
Weil, Gotshal & Manges Hong Kong partner Akiko Mikumo is advising Abax Global. Yongye has retained
Cleary Gottlieb Steen & Hamilton as its counsel, with Beijing partner Ling Huang leading the team.
Clifford Chance advised travel and leisure company Genting Hong Kong on a three-year term loan facility and revolving credit facility worth $300 million. Genting Hong Kong, a subsidiary of Malaysia’s Genting Group, operates businesses including Norwegian Cruise Line. It will use the money for general corporate purposes. Hong Kong partner Matthew Truman led on the transaction, with help from Sydney partner Scott Bache.
Linklaters Hong Kong partner Nathalie Hobbs acted for the lead arrangers, which included Bank of America, CIMB Bank Bhd., and Malayan Banking Bhd.
Chinese social media company YY Inc. is being represented by
Skadden, Arps, Slate, Meagher & Flom in its planned $100 million IPO on the U.S. Nasdaq stock exchange. The company, which facilitates online group activities through voice, text, and video, will use the proceeds in part to buy more servers and lease more bandwidth capacity in order to meet user demand. Skadden partner Julie Gao is leading the deal, while
Simpson Thacher & Bartlett partner Leiming Chen is acting for underwriters Morgan Stanley & Co. International, Deutsche Bank Securities, Citigroup Global Markets, Pacific Crest Securities and Piper Jaffray & Co. Both work out of Hong Kong.
Zhong Lun Law Firm is advising YY on Chinese law, while Jonathan Zhou and Jeffrey Ding of the Beijing office of
Fangda Partners are acting for the underwriters.
Fangda Partners advised Rockwell Automation Asia Pacific Business Center Pte Ltd. and Rockwell Automation Control Solutions (Harbin) Co. Ltd. on their acquisition of the medium-voltage drive business and related assets from Harbin Jiuzhou Electric Co. Ltd. for $85.6 million. Fangda’s team was led by partner Chuanjie. Harbin Jiuzhou Electronic, which trades on the Shenzhen Stock Exchange, did most of the transaction work in-house but also received counsel from China’s
S&P Law Firm.
WongPartnership represented Singaporean retailer Courts Asia Ltd. in its $112.6 million initial public offering, which closed October 9. Courts launched in 2010 and now has 70 stores in Singapore and Malaysia. Partners Pong Chen Yih, Ng Wai King, Tay Liam Kheng, Christy Lim, and Hui Choon Yu led the transaction for WongPartnership.
Allen & Overy acted for the Hongkong and Shanghai Banking Corp. Ltd., which was the sole coordinator, bookrunner, underwriter, and issue manager for the deal.
Zaid Ibrahim & Co. advised Courts on Malaysian law.
Stamford Law Corp. is advising Indonesian coal miner Geo Energy Resources Ltd. on its $77 million IPO on the Singapore Securities Exchange. Partner Ng Joo Khin led the Stamford team on the transaction.
Ali Budiardjo, Nugroho, Reksodiputro advised Geo Energy on Indonesian law, with partners Ricky Nazir and Rita Taufik working out of Jakarta.
Chancery Law Corp. acted for issue manager Canaccord Genuity Singapore Pte. Ltd. and joint underwriters and placement agents Canaccord Genuity Singapore Pte. Ltd. and UOB Kay Hian Private Limited.