Japan


Linklaters is representing Tokyo-based advertising firm Dentsu Inc. on its planned $5 billion acquisition of British competitor Aegis Group Plc. David Holdsworth is leading the London-based Linklaters team while Baker & McKenzie GJBJ Tokyo Aoyama Aoki Koma Law Office partner Hideo Norikoshi is advising Dentsu on Japanese law. Slaughter and May London partners Roland Turnill and Michael Rowe are advising Aegis Group. Sullivan & Cromwell partners Dominique Bompoint in Paris and Tim Emmerson in London are representing Aegis Group’s largest shareholder, Vincent Bolloré, who has already sold a 15-percent stake to Dentsu.  Gavin Weir of White & Case in London is representing Morgan Stanley, Dentsu’s financial advisor on the deal. [Read full story]
 
Sullivan & Cromwell partner Izumi Akai is advising Takeda Pharmaceutical Co. on a $3 billion U.S. dollar-denominated bond issue on the Singapore Exchange. The proceeds of the issue are intended to repay loans Takeda incurred last year in acquiring Swiss drug maker Nycomed Pharma GmbH last year. Simpson Thacher & Bartlett partners David Sneider and Alan Cannon are advising underwriters Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co., Morgan Stanley and Nomura Holdings Inc. [Read full story]
 
Allens has acted for Japanese trading company Mitsui & Co. Ltd. on its $100 million purchase of a 49.9-percent stake in National Plant & Equipment Pty. Ltd., a Brisbane-based supplier of heavy machinery and earthmoving equipment. Melboune partner Steve Clifford led the Allens team. National Plant & Equipment was advised by Ashurst Sydney partner Ian Williams. 
 


Singapore
 

Singapore firms Singapore law firms Rajah & Tann and WongPartnership are advising on Thai Beverage Pcl.’s $3 billion acquisition of an 18.2-percent stake in Singapore beverage group Fraser & Neave and a 7.9-percent stake in Asia Pacific Breweries, a beer-making joint venture between Fraser & Neave and Heineken NV that produced the well-known Tiger beer brand. The Thai company, which produces Thailand’s Chang beer and is controlled by billionaire Charoen Sirivadhanabhakdi, is purchasing its stakes from the Oversea-Chinese Banking Corp. (OCBC), Singapore’s second-largest bank, and Great Eastern Holdings Ltd., OCBC’s insurance subsidiary. WongPartnership is acting for Thai Beverage with a team led by partners Ng Wai King, Annabelle Yip, and Teo Hsiao-Huey. Rajah & Tann partners Goh Kian Hwee, Serene Yeo and Cynthia Goh are advising OCBC and Great Eastern. [Read full story]
 
Milbank, Tweed, Hadley & McCloy has advised Singapore-based Lippo Malls Indonesia Retail Trust on the establishment of a $595.4 million euro-denominated medium-term notes program on the Singapore Exchange. Lippo Malls, a Singapore-based real estate investment trust with a portfolio of retail properties in Indonesia, will use proceeds from the program for general corporate funding, including financing acquisitions and upgrading existing properties. Milbank Singapore partner Giles Kennedy advised Lippo Malls on English law and Allen & Gledhill partners Margaret Chin and Glenn Foo advised the Issuer on Singapore law. Herbert Smith Singapore partner Philip Lee advised sole arranger Standard Chartered Bank.
 


Southeast Asia

 
A joint venture company comprising three Malaysian companies — property developer SP Setia Bhd., investment company Sime Darby Bhd. and the Employees Provident Fund (EPF) – has spent $620 million to buy the decommissioned Battersea Power Station in central London. The group plans to re-develop the 39-acre plant into a mixed residential, office, retail, and leisure complex. Norton Rose London partner Dan Wagerfield advised the joint venture on the deal. Partner Brian Chia from Kuala Lumpur’s Wong & Partners advised Sime Darby on the formation of the joint venture, while SP Setia turned to partner Sar Sau Yee of Malaysian law firm Shearn Delamore & Co. The EPF, a Malaysian government pension plan, did not use outside counsel on the deal.
 


Australia
 

King & Wood Mallesons has advised Sydney-based Westpac Banking Corp. on a $500 million notes offering on the Australian Securities Exchange. The King & Wood Mallesons Sydney team was led by partners Greg Hammond and Philip Harvey. The funds raised will be used for general corporate purposes. ANZ Securities Ltd., Deutsche Bank AG, Sydney Branch, J.P. Morgan Australia Ltd., UBS AG, Australia Branch and Westpac Institutional Bank acted as the underwriters and were advised by a Freehills team led by Sydney partner Philippa Stone.
 
Freehills has advised Seven West Media Ltd. on the sale of new shares worth $450 million. The Melbourne-based media business produces radio, newspaper, magazine, and online content and owns the Seven television network. Freehills partners Rebecca Maslen-Stannage and Fiona Gardiner-Hill advised on the deal which will allow the issuer to reduce its debtload. The company’s largest shareholders, Seven Group Holdings Ltd. and Kohlberg Kravis Roberts & Co., have agreed to purchase shares to match their existing stakes in the company. Underwriters CBA Equities, Goldman Sachs, JP Morgan & UBS were advised by Ashurst Sydney partner Sarah Dulhunty.
 
Freehills is advising Calibre Group Ltd. on its proposed $76 million IPO on the Australian Securities Exchange. Calibre Group is an engineering and infrastructure group servicing the mining industry. Partners Michael Ziegelaar in Melbourne and Simon Reed in Perth are leading the Freehills team.  Peter Cook from Gilbert + Tobin is advising underwriters Goldman Sachs Group Inc. and UBS AG. The company is expected to list early next month.
 
King & Wood Mallesons is acting for Melbourne-based financial advisory company IOOF Holdings Ltd. on its $49 million proposed acquisition of Plan B Group Holdings Ltd., a Perth-based wealth management business. Melbourne partners Joe Muraca and Peter Stirling led the deal for IOOF. Partner Leigh Warnick of Perth’s Lavan Legal advised Plan B.
 


Korea
 

Paul Hastings has represented  Samsung Electronics Co. Ltd. in its $310 million acquisition of the handset development unit of U.K. mobile technology company Cambridge Silicon Radio Plc (CSR). As part of the deal, Samsung will pay $34.4 million for a 4.9-percent equity stake in CSR itself. Partners Daniel Kim in Hong Kong, Matt Berger in Palo Alto, and Garrett Hayes in London led the Paul Hastings team. Slaughter and May London partner William Underhill and Wilson Sonsini Goodrich & Rosati partners Selwyn Goldberg, David Segre, and Steven Bernard in Palo Alto advised CSR.
 


China/Hong Kong
 

Troutman Sanders and Stephenson Harwood have advised Bolina Holding Co. Ltd., on its $58 million listing on the Hong Kong Stock Exchange. Bolina, based in China’s Fujian province, designs, develops, and distributes urinals, toilets, washbasins, and other sanitary products. Atlanta-based Troutman Sanders acted as U.S. counsel to the issuer, while Stephenson Harwood partners Voon Keat Lai and Hilda Chiu advised on Hong Kong law. Appleby Hong Kong partner Judy Lee acted as Cayman Islands counsel to Bolina while partners Zhang Xusheng and Zhang Bin of Beijing-based Jingtian & Gongcheng advised on Chinese law. China Construction Bank International Capital Ltd. acted as the sole sponsor for this listing and was advised by Herbert Smith Hong Kong partners Kevin Roy and Tom Chau on both Hong Kong and U.S. law. Beijing’s Commerce & Finance Law Offices advised the sponsor on Chinese law.
 
Hong Kong firm Loong & Yeung has advised Sheen Tai Holdings Group Co. Ltd. on its $21.5 million Hong Kong initial public offering. Sheen Tai is a cigarette packaging materials manufacturer and supplier based in Jiangsu, China. Partner Chen Zejia from Jingtian & Gongcheng advised the issuer on Chinese law. Judy Lee of Appleby’s Hong Kong office acted as Cayman Islands counsel for Sheen Tai. Haitong International Capital Ltd., the sole sponsor for the listing , was advised by partners Petrius Liu and Winnie Hung of Hong Kong firm Leung & Lau. Dacheng Law Offices advised Haitong International on Chinese law.



India
 

Amarchand & Mangaldas & Suresh A. Shroff & Co. has advised Tube Investments of India Ltd., on its proposed $53 million acquisition of a 44-percent stake in power transmission parts maker Shanthi Gears Ltd. Tube, the flagship company of Chennai-based conglomerate Murugappa Group, has made an additional open offer to purchase a further 26-percent stake in the company for $31 million. The Amarchand team was led by Bangalore based partner Arjun Lall. Trilegal Hyderabad partner D. Pavan Kumar advised Shanthi Gears. The deal is expected to close in October.

Email: lmok@alm.com