Morrison & Foerster
is advising Japanese Internet and telecommunications group Softbank Corp. in its $2.3 billion acquisition of eAccess, a rival mobile carrier. Tokyo partners Ken Siegel and Andrew Winden are representing Softbank on the transaction, with
Mori Hamada & Matsumoto
acting as Japanese counsel to Softbank.
Akin Gump Strauss Hauer & Feld
Hong Kong partners Gregory Puff and partner Zach Wittenberg are advising eAccess, along with partners Stuart Leblang and Ron Grabov-Nardini from the firm’s New York office. Japanese firms
Anderson Mori & Tomotsune
Nagashima Ohno & Tsunematsu
are also both acting for eAccess.
Sullivan & Cromwell
partners Garth Bray, Stephen Kotran and Keiji Hatano, also in Tokyo, is advising eAccess majority shareholder Goldman Sachs Group Inc.
Simpson Thacher & Bartlett
Tokyo partner David Sneider advised Blackstone Group, a minority shareholder in eAccess.
[Read full story]
Clifford Chance has advised Malaysian property group Berjaya Land Bhd. on its $320 million development of the Four Seasons Kyoto hotel. The project, expected to be completed in 2015, is Berjaya Land’s first hotel development project in Japan and joins a portfolio of north Asia development projects that include the Great Mall of China in Beijing and a resort in Jeju, South Korea. Tokyo partners Leng-Fong Lai and Eiichi Kanda led the transaction for Clifford Chance.
WongPartnership is advising Singapore-based agriculture logistics company Olam International Ltd. on its $2 billion euro-denominated bond program. Olam has already issued almost $1 billion of the program notes in the past few months. Partners Colin Ong, Khoo Yuh Huey and Tan Kay Kheng is leading on the transaction for WongPartnership.
Linklaters is serving as counsel for the joint lead managers of the bond issues, which included DBS Bank Ltd., The Hongkong and Shanghai Banking Corp. Ltd., Standard Chartered and the Australia and New Zealand Banking Group Ltd., among others.
WongPartnership represented Singapore Power Group on a $1.6 billion construction contract to build two cross-island power transmission tunnels. The project, comprising six main contract packages, is expected to be finished in 2018. Partners Tay Peng Cheng and Linda Low worked on the contract for WongPartnership.
Allen & Gledhill advised on financing for the project.
WongPartnership has acted for offshore oil-and-gas services company Swiber Holdings Ltd. on its $64.9 million bond issue last month. Partners Hui Choon Yuen and Goh Gin Nee led the team, while
Allen & Gledhill advised joint lead managers Australia and New Zealand Banking Group and DBS Bank, as well as the trustee Bank of New York Mellon.
King & Wood Mallesons is advising Australia Post on the exit of its joint ventures with Qantas Airways. Australia Post will pay $421.9 million for Qantas’ 50-percent stake in logistics company StarTrack Express and surrender to Qantas its 50-percent stake in airfreight operator Australian Air Express. The deal for the two JVs, which were established in 2003, is expected to close in the fourth quarter. Melbourne partner Craig Semple is leading the deal for King & Wood Mallesons, while much of the legal work for Qantas is being handled in-house.
DLA Piper has advised Singapore-listed K-REIT on its $168.4 million purchase of the Old Treasury Building development in Perth from Australian real estate outfit Mirvac Group. The project comprises a 331,000 square foot grade A office tower that is expected to be completed in 2015. Partners Les Koltai and Tim L’Orange in Sydney, as well as David Nancarrow and Brian Pass in Perth, acted for K-REIT.
King & Wood Mallesons partners Felicity Savage and Sonya Harris advised Mirvac Group from Sydney.
Lee and Li has advised Taiwanese touchscreen technology company TPK Holding Co. Ltd. on its issue of $230 million in convertible bonds on the Luxembourg Stock Exchange. Taipei-based partner C.T. Chang acted for TPK, which supplies touchscreens for Apple iPhones and iPads.
Simpson Thacher & Bartlett represented underwriters J.P. Morgan and Nomura Holdings Inc.
Maples and Calder Hong Kong partner Christine Chang advised TPK on Cayman Islands law.
Paul Hastings is advising Hong Kong-based Famous Commercial Ltd., a holding company for Chinese property developer Gemdale Corp., on its $212.8 million purchase of a majority share in Frasers Property (China) Ltd. Famous will buy a 56-percent stake in Frasers, a China-focused real estate subsidiary of Singaporean conglomerate Fraser & Neave Ltd.
Paul Hastings partner practice Raymond Li represented Famous on the transaction, with
Deacons Hong Kong partner Eugina Chan advising Fraser & Neave.
Goodwin Procter advised private equity fund TA Associates on its $32 million purchase of Hong Kong-based satellite broadband company SpeedCast from Asia Satellite Telecommunications Co. TA was represented by Goodwin Procter Hong Kong partner Yash Rana, as well as partners Brian McPeake in San Francisco and Howard Cubell in Boston.
Paul, Weiss, Rifkind, Wharton & Garrison Hong Kong partner Jeanette Chan advised Asia Satellite.