CORRECTION: 11/11/2011 2.08 p.m. An earlier version of this article stated that Suntec Real Estate Investment Trust had teamed up with eight investors to buy Chijmes. Suntec was the seller in the deal. We regret the error.
China/Hong Kong
Kirkland & Ellis and De Brauw Blackstone Westbroek are advising on a joint venture between Dutch electronics company Royal Philips Electronics N.V. and Hong Kong-based TPV Technology Ltd. Philips will provide $524 million in loans and promotional support. Display maker TPV, which will own 70 percent of the venture, turned to Kirkland Hong Kong partners Nicholas Norris, Ashley Young and Douglas Murning. De Brauw’s team advising Philips includes Beijing partner Geert Potjewijd, along with three partners in the firm’s Amsterdam headquarters. [Read full story]
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