China/Hong Kong

White & Case and King & Wood Mallesons have advised nine international banks on the provision of an $8 billion syndicated loan to Chinese e-commerce giant Alibaba Group Holding Ltd. Freshfields Bruckhaus Deringer represented Alibaba on the loan. The lenders were Australia and New Zealand Banking Group Ltd., Citigroup Global Markets Asia Ltd., Credit Suisse AG, DBS Bank Ltd., Deutsche Bank AG., Hongkong and Shanghai Banking Corp. Ltd., JPMorgan Chase Bank N.A., Mizuho Corporate Bank Ltd. and Morgan Stanley Asia Ltd. Hong Kong partner John Hartley led White & Case’s team advising the banks, which also included partners Eugene Man and John Shum. King & Wood Mallesons Shanghai partners Jack Wong and Chen Yun advised the banks on Chinese law, while Walkers Hong Kong partner Ashley Davies acted as Cayman Islands counsel. Freshfields Hong Kong partner David Winfield led his firm's team representing Alibaba, which was also advised by Maples and Calder Hong Kong partner Greg Knowles on Cayman and British Virgin Islands law. [Read full story]

Sullivan & Cromwell is acting for Chinese dairy products maker China Mengniu Dairy Co. Ltd. on its proposed acquisition of infant formula company Yashili International Holdings for $1.7 billion from Carlyle Group and Zhang International Investment Ltd. Hong Kong partner Kay Ian Ng and Beijing partner Gwen Wong led Sullivan & Cromwell’s team on the deal. China Mengniu has agreed to buy the stakes in Yashili held by the Carlyle Group and Zhang International Investment Ltd. China Mengniu has also extended an offer to acquire all outstanding Yashili stock and take the company private. Linklaters acted for Yashili, as well as Carlyle and Zhang. [Read full story]

Freshfields Bruckhaus Deringer is advising Chinese property and entertainment conglomerate Dalian Wanda Group Co. Ltd. on two U.K. deals worth a collective $1.6 billion. Dalian Wanda is paying about $1.1 billion for a development site in London's South Bank area from Irish property company Green Property Ventures Ltd. and has also agreed to pay Dublin-based private equity group FL Partners $467 million for a 92 percent stake in British yacht maker Sunseeker. The latter deal is expected to close in August. Freshfields Beijing partner Alan Wang, Hong Kong partner Simon Weller, and London partners Paddy Ko and Adrian Mcguire are advising Dalian Wanda on its Sunseeker acquisition. Wang is also advising on the land purchase, along with London partner Emma Kendall. White & Case London partner Gavin Weir represented Sunseeker. Addleshaw Goddard advised Green Property. [Read full story]

Herbert Smith Freehills Hong Kong partners Kevin Roy and Tom Chau have advised Huaneng Hong Kong Capital Ltd. on a $400 million dollar-denominated bond issue. Huaneng Hong Kong is an investment arm of Chinese state-owned utility China Huaneng Group. The proceeds from the issue will be used to finance current and future investment opportunities, repay debt, and for general corporate purposes. Haiwen & Partners acted as Chinese counsel to the issuer, while Conyers Dill & Pearman advised on British Virgin Islands law. Linklaters partners William Liu in Hong Kong and Andrew Carmichael in London represented the underwriters, which included JP Morgan, Bank of China, DBS, Goldman Sachs, and ICBC.

Davis Polk & Wardwell is advising automotive steering system manufacturer Nexteer Automotive Group Ltd. on its upcoming $325 million Hong Kong initial public offering. The former in-house maker of steering systems for General Motors Co., Michigan-based Nexteer was acquired in 2011 by a division of Chinese state-owned Aviation Industry Corp. of China. Jia Yuan Law Offices is advising the issuer on Chinese law, while Maples and Calder Hong Kong partner Greg Knowles is acting as Cayman Islands counsel. The underwriters are Bank of China International and J.P. Morgan.

Chinese e-commerce software maker Sinosoft Technology Group Ltd. is planning to raise $60 million in an initial public offering in Hong Kong. Sidley Austin is advising the issuer on Hong Kong law, while Jingtian & Gongcheng and Conyers Dill & Pearman are acting as Chinese and Cayman Islands counsel, respectively.

Clifford Chance Singapore partner Lee Taylor has advised Macquarie Everbright Greater China Infrastructure Fund on its $44.2 million investment in a subsidiary of Singapore-listed Hengyang Petrochemical Logistics Ltd. Hengyang provides logistics services relating to the transportation and storage of liquid petrochemicals in China. Fangda Partners advised the fund on Chinese law, while Drew & Napier acted as Singapore counsel.


Mongolia

Hogan Lovells and Norton Rose Fulbright are advising Mongolian state-owned coal giant Erdenes Tavan Tolgoi on a planned $3 billion initial public offering. The Tsogttsetsii, Mongolia–based company is hoping to list this year or next in Ulaanbaatar, Hong Kong, and London. Hogan Lovells Hong Kong partner Jamie Barr, London partner Maegen Morrison, and Ulaanbaatar partner Michael Aldrich are advising the issuer, along with Norton Rose Fulbright Hong Kong partner Shaun McRobert and London partner Simon Cox. [Read full story]


Australia

Allen & Overy Sydney partners Grant Fuzi, Chris Robertson, and David Wilkie have advised Goldman Sachs Group Inc. on a $960 million acquisition of a loan portfolio from Brisbane-based financial institution Suncorp Group Ltd. Herbert Smith Freehills Sydney partners John Nestel and Mark Currell represented Suncorp. [Read full story]

Herbert Smith Freehills has represented the Exemplar Health consortium on a bid to construct a large regional hospital in Bendigo, Victoria, for $630 million. The consortium is a public-private partnership involving the Victoria state government, Capella Capital Pty. Ltd., Siemens, and Lend Lease Project Management and Construction. The Herbert Smith Freehills team was led by Melbourne partner Josh Sgro and Sydney partner Erin Wakelin. Clayton Utz advised the state government and DLA Piper advised Lend Lease, which will construct the hospital. Gilbert + Tobin Sydney partner John Schembri acted for the banks providing financing for the project—Australia and New Zealand Banking Group Ltd., Mizuho, National Australia Bank Ltd., Siemens Financial Services, Canadian Imperial Bank of Commerce, BOS International (Australia) Ltd., DBS Bank Ltd., and the Bank of Nova Scotia Asia Ltd.


Singapore

Allen & Overy and Allen & Gledhill have represented Singapore property group CapitaLand in a $512 million bond issue. Linklaters and WongPartnership partner Hui Choon Yuen acted for the underwriters, including Credit Suisse and Merrill Lynch.

Rajah & Tann is representing engineering and construction company United Engineers Ltd. in its planned $390 million initial public offering on the Singapore Stock Exchange. Partners Goh Kian Hwee, Serene Yeo, and Grace Chia are leading the Rajah & Tann team on the deal. Lee & Lee is acting for underwriters Oversea-Chinese Banking Corp. Ltd., United Overseas Bank Ltd., and The Hongkong and Shanghai Banking Corp. Ltd.

Allen & Gledhill partner Bernie Lee has acted for Standard Chartered on its $160 million issue of Singapore-listed renminbi-denominated bonds. Slaughter and May advised the issuer on English law. Linklaters represented the underwriters–Standard Chartered Bank, Industrial and Commercial Bank of China (Asia) Ltd., Maybank Kim Eng Securities Pte. Ltd., and United Overseas Bank Ltd.—on English law.

Rajah & Tann has advised GLL IHT Pte. Ltd., the risk and finance management arm of Singapore real estate developer GuocoLand Ltd., on a $159 million bond issuance. Allen & Gledhill partners Margaret Chin and Ong Kangxin represented underwriters DBS Bank Ltd., Standard Chartered Bank, CIMB Bank Berhad, HL Bank, The Hongkong and Shanghai Banking Corp. Ltd., Oversea-Chinese Banking Corp. Ltd., United Overseas Bank Ltd., The Bank of New York Mellon (Singapore Branch), and HSBC Institutional Trust Services (Singapore) Ltd.


India

Khaitan & Co. Bangalore partner Ganesh Prasad has acted for Mumbai investment company Multiples Alternate Asset Management Pte. Ltd. in its $43 million acquisition of agriculture machine manunfacturer Milltec Industries (Bangalore) Private Ltd. and Milltec Outsourcing Private Ltd. Together with its investment in Milltec Machinery Private Ltd., the total consideration is worth $43 million. Milltec was represented by J Sagar Associates, while Dua Associates advised the selling shareholders.

Amarchand & Mangaldas & Suresh A. Shroff & Co. Mumbai partners Ashwath Rau and Aysswarya Murthi have advised the State Bank of India on its acquisition of all Indian mutual funds operated by Daiwa Mutual Fund, a subsidiary of Japan’s Daiwa Securities Group, subject to regulatory approval. Terms of the deal were not disclosed.


Japan

Allen & Gledhill partners Chiam Tao Koon and Hoo Sheau Farn have advised Japanese engineering company Kyudenko Corporation on the $39.3 million acquisition of an 82.1 percent stake in Singapore-based Asia Projects Engineering Pte Ltd from eight individuals. Fukuoka-based Kyudenko designs and builds facilitates such as sewage treatments and power networks. TSMP Law Corp. advised the sellers.

China/Hong Kong

White & Case and King & Wood Mallesons have advised nine international banks on the provision of a $8 billion syndicated loan to Chinese e-commerce giant Alibaba Group Holding Ltd. Freshfields Bruckhaus Deringer represented Alibaba on the loan. The lenders were Australia and New Zealand Banking Group Ltd., Citigroup Global Markets Asia Ltd., Credit Suisse AG, DBS Bank Ltd., Deutsche Bank AG., Hongkong and Shanghai Banking Corp. Ltd., JPMorgan Chase Bank, N.A., Mizuho Corporate Bank, Ltd. and Morgan Stanley Asia Ltd. Hong Kong partner John Hartley led White & Case’s team advising the banks, which also included partners Eugene Man and John Shum. King & Wood Mallesons Shanghai partners Jack Wong and Chen Yun advised the banks on Chinese law while Walkers Hong Kong partner Ashley Davies acted as Cayman Islands counsel. Freshfields Hong Kong partner David Winfield led his firm's team representing Alibaba, which was also advised by Maples and Calder Hong Kong partner Greg Knowles on Cayman and British Virgin Islands law. [Read full story]

Sullivan & Cromwell is acting for Chinese dairy products maker China Mengniu Dairy Co. Ltd. on its proposed acquisition of infant formula company Yashili International Holdings for $1.7 billion from Carlyle Group and Zhang International Investment Ltd. Hong Kong partner Kay Ian Ng and Beijing partner Gwen Wong led Sullivan & Cromwell’s team on the deal. China Mengniu has agreed to buy the stakes in Yashili held by the Carlyle Group and Zhang International Investment Ltd. China Mengniu has also extended an offer to acquire all outstanding Yashili stock and take the company private. Linklaters acted for Yashili, as well as Carlyle and Zhang. [Read full story]

Freshfields Bruckhaus Deringer is advising Chinese property and entertainment conglomerate Dalian Wanda Group Co. Ltd. on two U.K. deals worth a collective $1.6 billion. Dalian Wanda is paying about $1.1 billion for a development site in London's South Bank area from Irish property company Green Property Ventures Ltd. and has also agreed to pay Dublin-based private equity group FL Partners $467 million for a 92 percent stake in British yacht maker Sunseeker. The latter deal is expected to close in August. Freshfields Beijing partner Alan Wang, Hong Kong partner Simon Weller, and London partners Paddy Ko and Adrian Mcguire are advising Dalian Wanda on its Sunseeker acquisition. Wang is also advising on the land purchase, along with London partner Emma Kendall. [Read full story]

Herbert Smith Freehills Hong Kong partners Kevin Roy and Tom Chau have advised Huaneng Hong Kong Capital Ltd. on a $400 million dollar-denominated bond issue. Huaneng Hong Kong is an investment arm of Chinese state-owned utility China Huaneng Group. The proceeds from the issue will be used to finance current and future investment opportunities, repay debt, and for general corporate purposes. Haiwen & Partners acted as Chinese counsel to the issuer, while Conyers Dill & Pearman advised on British Virgin Islands law. Linklaters partners William Liu in Hong Kong and Andrew Carmichael in London represented the underwriters, which included JP Morgan, Bank of China, DBS, Goldman Sachs, and ICBC.

Davis Polk & Wardwell is advising automotive steering system manufacturer Nexteer Automotive Group Ltd. on its upcoming $325 million Hong Kong initial public offering. The former in-house maker of steering systems for General Motors Co., Michigan-based Nexteer was acquired in 2011 by a division of Chinese state-owned Aviation Industry Corp. of China. Jia Yuan Law Offices is advising the issuer on Chinese law while Maples and Calder Hong Kong partner Greg Knowles is acting as Cayman Islands counsel. The underwriters are Bank of China International and J.P. Morgan.

Chinese e-commerce software maker Sinosoft Technology Group Ltd. is planning to raise $60 million in an initial public offering in Hong Kong. Sidley Austin is advising the issuer on Hong Kong law, while Jingtian & Gongcheng and Conyers Dill & Pearman are acting as Chinese and Cayman Islands counsel, respectively.

Clifford Chance Singapore partner Lee Taylor has advised Macquarie Everbright Greater China Infrastructure Fund on its $44.2 million investment in a subsidiary of Singapore-listed Hengyang Petrochemical Logistics Ltd. Hengyang provides logistics services relating to the transportation and storage of liquid petrochemicals in China. Fangda Partners advised the fund on Chinese law while Drew & Napier acted as Singapore counsel.


Mongolia

Hogan Lovells and Norton Rose Fulbright are advising Mongolian state-owned coal giant Erdenes Tavan Tolgoi on a planned $3 billion initial public offering. The Tsogttsetsii, Mongolia-based company is hoping to list this year or next in Ulaanbaatar, Hong Kong, and London. Hogan Lovells Hong Kong partner Jamie Barr, London partner Maegen Morrison, and Ulaanbaatar Michael Aldreich are advising the issuer, along with Norton Rose Fulbright Hong Kong partner Shaun McRobert and London partner Simon Cox.


Australia

Allen & Overy Sydney partners Grant Fuzi, Chris Robertson and David Wilkie have advised Goldman Sachs Group Inc. on a $960 million acquisition of a loan portfolio from Brisbane-based financial institution Suncorp Group Ltd. Herbert Smith Freehills Sydney partners John Nestel and Mark Currell represented Suncorp. [Read full story]

Herbert Smith Freehills partners has represented the Exemplar Health consortium on a bid to construct a large regional hospital in Bendigo, Victoria, for $630 million. The consortium is a public private partnership involving the Victoria state government, Capella Capital Pty. Ltd., Siemens, and Lend Lease Project Management and Construction. The Herbert Smith Freehills team was led by Melbourne partner Josh Sgro and Sydney partner Erin Wakelin. Clayton Utz advised the state government and DLA Piper advised Lend Lease, which will construct the hospital. Gilbert + Tobin Sydney partner John Schembri acted for the banks providing financing for the project–Australia and New Zealand Banking Group Ltd., Mizuho, National Australia Bank Ltd., Siemens Financial Services, Canadian Imperial Bank of Commerce, BOS International (Australia) Ltd., DBS Bank Ltd. and the Bank of Nova Scotia Asia Ltd.


Singapore

Allen & Overy and Allen & Gledhill have represented Singapore property group CapitaLand in a $512 million bond issue. Linklaters and Wong Partnership partner Hui Choon Yuen acted for the underwriters including Credit Suisse and Merrill Lynch.

Rajah & Tann is representing engineering and construction company United Engineers Ltd. in its planned $390 million initial public offering on Singapore Stock Exchange. Partners Goh Kian Hwee, Serene Yeo, and Grace Chia are leading the Rajah & Tann team on the deal. Lee & Lee is acting for underwriters Oversea-Chinese Banking Corp. Ltd., United Overseas Bank Ltd., and The Hongkong and Shanghai Banking Corp. Ltd.

Allen & Gledhill partner Bernie Lee has acted for Standard Chartered on its $160 million issue of Singapore-listed renminbi-denominated bonds. Slaughter & May advised the issuer on English law. Linklaters represented the underwriters–Standard Chartered Bank, Industrial and Commercial Bank of China (Asia) Ltd., Maybank Kim Eng Securities Pte. Ltd. and United Overseas Bank Ltd.–on English law.

Rajah & Tann has advised GLL IHT Pte. Ltd., the risk and finance management arm of Singapore real estate developer GuocoLand Ltd., on a $ 159 million bond issuance. Allen & Gledhill partners Margaret Chin and Ong Kangxin represented underwriters DBS Bank Ltd., Standard Chartered Bank, CIMB Bank Berhad, HL Bank, The Hongkong and Shanghai Banking Corp. Ltd., Oversea-Chinese Banking Corp. Ltd., United Overseas Bank Ltd., The Bank of New York Mellon (Singapore Branch), and HSBC Institutional Trust Services (Singapore) Ltd.


India

Khaitan & Co. Bangalore partner Ganesh Prasad has acted for Mumbai investment company Multiples Alternate Asset Management Pte. Ltd., in its $43 million acquisition of agriculture machine manunfacturer Milltec Industries (Bangalore) Private Ltd. and Milltec Outsourcing Private Ltd. Together with its investment in Milltec Machinery Private Ltd., the total consideration is worth $43 million. Milltec was represented by J Sagar Associates, while Dua Associates advised the selling shareholders.

Amarchand & Mangaldas & Suresh A. Shroff & Co. Mumbai partners Ashwath Rau and Aysswarya Murthi has advised the State Bank of India on its acquisition of all Indian mutual funds operated by Daiwa Mutual Fund, a subsidiary of Japan’s Daiwa Securities Group, subject to regulatory approval. Terms of the deal were not disclosed.


Japan

Allen & Gledhill partners Chiam Tao Koon and Hoo Sheau Farn have advised Japanese engineering company Kyudenko Corporation on the $39.3 million acquisition of an 82.1 percent stake in Singapore-based Asia Projects Engineering Pte Ltd, from eight individuals. Fukuoka-based Kyudenko designs and builds facilitates such as sewage treatments and power networks. TSMP Law Corp. advised the sellers.