JAPAN

Target: Sumitomo Metal Industries Ltd. (90.6% stake) *

Counsel: Nagashima Ohno & Tsunematsu; Shearman & Sterling

Counsel for financial adviser SMBC Nikko Securities Inc.: Mori Hamada & Matsumoto

Counsel for financial adviser Goldman, Sachs & Co.: Simpson Thach­er & Bartlett

Bidder: Nippon Steel Corporation

Counsel: Nishimura & Asahi; Sullivan & Cromwell

Value: $22.5 billion

 

Target: Shoei Co. Ltd. *

Counsel: Mori Hamada & Matsumoto; Shearman & Sterling

Bidder: Hulic Co. Ltd.

Counsel: Nishimura & Asahi

Value: $7.7 billion

 

Target: RBS Aviation Capital (aircraft operating lease business) *

Seller: Royal Bank of Scotland Group plc (full disclosure: RBS owns a minority stake in ALM Media LLC, publisher of The Asian Lawyer )

Counsel: Clifford Chance

Bidders: Sumitomo Mitsui Banking Corporation; Sumitomo Mitsui Finance & Leasing Co. Ltd.; Sumitomo Mitsui Financial Group Inc; Sumitomo Corporation

Counsel: A&L Goodbody; Milbank, Tweed, Hadley & McCloy; Nagashima Ohno & Tsunematsu

Value: $7.3 billion

 

Target: Samson Investment Company

Seller: The Schusterman family

Counsel for target and seller: Jones Day

Bidders: Kohlberg Kravis Roberts & Co. L.P.; Itochu Corporation; Natural Gas Partners (NGP); Crestview Partners

Counsel: Simpson Thacher & Bartlett

Counsel for Crestview: Davis Polk & Wardwell

Counsel for NGP: Latham & Watkins

Counsel for Itochu: Milbank, Tweed, Hadley & McCloy

Counsel for financial advisers and financial arrangers, including JPMorgan Chase & Co., Bank of America Corporation, and Merrill Lynch & Co., among others: Cahill Gordon & Reindel; Vinson & Elkins

Value: $7.2 billion

 

Target: Anglo American Sur S.A. (24.5% stake)

Seller: Anglo American plc

Counsel: Shearman & Sterling

Bidder: Mitsubishi Corporation

Counsel: Clifford Chance

Value: $5.4 billion

 

CHINA/HONG KONG/TAIWAN

Target: Swire Properties Limited (spin-off)

Counsel: Jingtian & Gongcheng; Mayer Brown JSM

Seller: Swire Pacific Limited

Counsel for target and seller: Slaughter and May

Counsel for joint sponsors: Freshfields Bruckhaus Deringer; King & Wood Mallesons

Value: $12.9 billion

 

Target: China Construction Bank Corporation (4.14% stake)

Seller: Bank of America Corporation

Counsel: Cleary Gottlieb Steen & Hamilton

Bidders: Temasek Holdings Pte Ltd; China Investment Corporation; The Qatar Investment Authority

Counsel for Temasek: Clifford Chance

Value: $6.6 billion

 

Target: Petrogal Brasil Lda. and Galp Brazil Services (30% stake)

Seller: Galp Energia SGPS SA

Counsel: Lefosse Advogados; Linklaters

Bidder: China Petrochemical Corporation (Sinopec)

Counsel: Machado, Meyer, Sendacz e Opice; Vinson & Elkins

Value: $5.2 billion

 

Target: Industrial Bank Co. LTD. (16.1% stake) *

Counsel: Not available

Bidders: China National Tobacco Corporation; PICC Asset Management Company Limited; Beijing Infrastructure Investment Co. Ltd.; Shanghai Eightrent Zheng Yang Rental Co. Ltd.

Counsel: Not available

Value: $4.2 billion

 

Target: Baoshan Iron & Steel Co. Ltd. (stainless steel business unit) *

Seller: Baoshan Iron & Steel Co. Ltd.

Counsel: Allen & Overy; Jingtian & Gongcheng

Counsel for underwriters including Deutsche Bank AG and HSBC Group: Fandga Partners; Linklaters

Bidder: Shanghai Baosteel Stainless Steel Group Corporation

Counsel: Not available

Value: $4.1 billion

 

INDIA

Target: Sterlite Industries (India) Limited *

Bidder: Sesa Goa Limited

Counsel for target and bidder, which are both subsidiaries of Vedanta Resources PLC: Amarchand & Mangaldas & Suresh A. Shroff & Co.

Counsel for financial adviser Citigroup Global Markets India Private Limited: Luthra & Luthra Law Offices

Value: $14 billion

 

Target: UAE Exchange (40% stake)

Counsel: Not available

Seller: Bavaguthu Raghuram Shetty

Counsel: Not available

Bidder: Centurion Investment

Counsel: Not available

Value: $2.0 billion

 

Target: Fortis Healthcare International Pte Limited

Counsel: Rajah & Tann

Seller: RHC Financial Services (Mauritius) Ltd

Counsel: Not available

Bidder: Fortis Healthcare India Limited

Counsel: Allens; Amarchand & Mangaldas & Suresh A. Shroff

& Co.

Value: $665 million

 

Target: Vodafone India Limited (Vodafone Group) (5.5% stake)

Counsel: S&R Associates

Seller: ETHL Communications Holdings Limited (Essar)

Counsel: AZB & Partners

Bidder: Piramal Healthcare Limited

Counsel: Amarchand & Mangaldas & Suresh A. Shroff & Co.

Value: $616 Million

 

SOUTHEAST ASIA

Target: China Construction Bank Corporation (4.14% stake)

Seller: Bank of America Corporation

Counsel: Cleary Gottlieb Steen & Hamilton

Bidders: Temasek Holdings Pte Ltd; China Investment Corporation; The Qatar Investment Authority

Counsel for Temasek: Clifford Chance

Value: $6.6 billion

 

Target: Tanjong Energy Holdings Sdn Bhd *

Counsel: Not available

Seller: Tanjong Public Limited Company

Counsel: Not available

Bidder: 1Malaysia Development Berhad

Counsel: Not available

Value: $2.8 billion

 

Target: C. P. Pokphand Co. Ltd. (74.18% stake)

Counsel: In-house

Sellers: Orient Success International Limited; Worth Access Trading Limited; CPI Holding Company Limited

Counsel: In-house

Bidder: Charoen Pokphand Foods Public Company Limited

Counsel: Davis Polk & Wardwell; Weerawong, Chinnavat & Peangpanor

Value: $2.2 billion

 

Target: SP Setia Bhd Group

Counsel: Not available

Bidder: Major shareholder Permodalan Nasional Berhad

Counsel: Not available

Value: $2.2 billion

Target: Acibadem Saglik Yatirimlari Holding A.S.

Sellers: Abraaj Capital; Aydinlar family

Counsel: Freshfields Bruckhaus Deringer; Hergrüner Bilgren Özeke; Shearn Delamore & Co.; WongPartnership

Bidders: Khazanah Nasional Berhad (through Bagan Lalang Ventures Sdn. Bhd.); subsidiary Integrated Healthcare Holdings Sdn. Bhd; Integrated Healthcare subsidiaries Integrated Healthcare Turkey Yatirimlari Ltd and Integrated Healthcare Capital Sdn Bhd

Counsel: Allen & Gledhill; Kadir Andri & Partners; White & Case

Counsel for lead arrangers for financing, including Bank of America Corporation, Credit Suisse AG, and Deutsche Bank AG: WongPartnership

Value: $1.6 billion

 

AUSTRALIA

Target: Aston Resources Limited *

Counsel: Freehills

Seller: Ashton shareholders

Bidder: Whitehaven Coal Limited

Counsel: Corrs Chambers Westgarth; McCullough Robertson

Counsel for financial adviser Goldman Sachs & Co.: King & Wood Mallesons

Value: $2.8 billion

 

Target: Gloucester Coal Limited *

Counsel: Minter Ellison; Sullivan & Cromwell

Seller: Shareholders including major shareholder Noble Group

Counsel for Noble Group: Clayton Utz

Bidder: Yanzhou Coal Mining Company Limited

Counsel: Baker & McKenzie; Freehills; King & Wood Mallesons

Value: $2.7 billion

 

Target: Anvil Mining Limited

Counsel: Clayton Utz; Lawson Lundell

Counsel for Anvil’s special committee of independent directors: Cassels Brock & Blackwell

Seller: Largest shareholder Trafigura Beheer BV

Counsel: Stikeman Elliott

Bidder: Minmetals Resources Limited

Counsel: Davies Ward Phillips & Vineberg; Freehills; Linklaters

Value: $1.3 billion

 

Target: Extract Resources Limited (57.26% stake)

Counsel: Clayton Utz

Sellers: Rio Tinto International Holdings Australia Pty. Ltd.; Itochu Corporation

Bidders: Miraculum Mineral Limited funded via China-Africa Development Fund; CGNPC Uranium Resources Co., Ltd. (Taurus Mineral Limited)

Counsel: Ashurst; Minter Ellison

Value: $1.25 billion

 

Target: Australia Pacific LNG Project Pty Limited (10% stake)

Sellers: Origin Energy Limited; ConocoPhillips Company

Counsel for target and seller: Clayton Utz

Bidder: Sinopec International Petroleum Exploration and Production Corporation

Counsel: Blake Dawson; Herbert Smith

Value: $1.1 billion

 

SOUTH KOREA

Target: Hynix Semiconductor Inc. (14% stake)

Counsel: Shin & Kim

Seller: Shareholder group including Korea Exchange Bank

Counsel for target and seller: Bae, Kim & Lee

Bidder: SK Telecom Company Ltd

Counsel: Kim & Chang

Value: $2.1 billion

 

Target: KOLON I’Networks Corp

Counsel: Not available

Seller: Tongyang Securities Inc.

Counsel: Not available

Bidder: Kolon Engineering & Construction Co. Ltd.

Counsel: Not available

Value: $1.16 billion

 

Target: S-LCD Corporation (50% stake)

Seller: Sony Corporation

Counsel: Kim & Chang

Bidder: Samsung Electronics Co. Ltd.

Counsel: Bae, Kim & Lee

Value: $943 million

 

Target: Hynix Semiconductor Inc. (7.5% stake)

Seller: Korea Exchange Bank

Counsel for target and seller: Bai, Kim & Lee

Bidder: SK Telecom Company Ltd

Counsel: Kim & Chang

Value: $920 million

Target: Parallel Petroleum LLC

 

Seller: Apollo Global Management, LLC

Counsel for target and seller: Akin Gump Strauss Hauer & Feld

Bidders: Samsung C&T Corporation; Korea National Oil Corporation

Counsel for Samsung: Thompson & Knight

Value: $772 million

 

Data: mergermarket and Asian Lawyer research