Ashurst, which has already recruited several partners in the Asia-Pacific in the past month, has lured Waltter Kulvik from Sidley Austin as a corporate partner in Singapore.
Kulvik, who was a counsel at Sidley, specializes in advising private equity firms, funds and investment banks on cross-border transactions in the infrastructure, power and real estate sectors. In 2017, he was part of the team that represented a BlackRock-advised fund on a $1.5 billion sale of an office tower in Singapore’s financial district to local real-estate investment trust CapitaLand Commercial Trust.
In 2016, Kulvik was part of the team that advised Aboitiz Power Corp., one of the Philippines’ biggest power producers, on its acquisition and the financing of a $1.2 billion stake in two local coal-fired power plants from The Blackstone Group L.P.
Before joining Sidley in 2015, he was an associate at White & Case for four years and at Gibson, Dunn & Crutcher in London for three years. He trained at Morrison & Foerster in London.
Ashurst’s Asia corporate head, Mark Stanbridge, said in a statement that Kulvik will help the firm capitalize on opportunities that fit with its regional strategy of focusing on the energy, infrastructure and private equity industries.
Kulvik is the Anglo-Australian firm’s fourth partner to be hired for the firm’s Asia-Pacific corporate practice so far this year. Last month, Michelle Phang joined in Singapore from local firm Shook Lin & Bok to co-lead the corporate transactions practice at Ashurst’s Singapore formal law alliance; and former King & Wood Mallesons partners Greg Golding and Robert Hanley joined the Sydney office.
Earlier this week, Ashurst also recruited Frédéric Draps, a former counsel at Allen & Overy’s affiliate firm in Jakarta, Indonesia, as a projects partner in the Indonesian capital.