Asian Lawyer

Asian Deals

China, Hong Kong, India, Indonesia, Japan
Asia Deal Digest: Oct. 30, 2014

By Tom Brennan |

*Magic Circle duo leads $6.5 billion Bank of China share sale
*Simmons & Simmons acts for Hong Kong's United Energy on $786 million bond program
*MoFo advises SoftBank on $627 million investment into Indian e-commerce company

India
MoFo Guides SoftBank on $627M India Investment

By Tom Brennan |

The Japanese company is buying a majority share in Indian e-commerce outfit Snapdeal.

Hong Kong
Magic Circle Duo on $6.5B Bank of China Deal

By Anna Zhang |

The Chinese state-owned lender sold preference shares in Hong Kong to bring its capital reserves in line with newly adopted international regulations.

China, Hong Kong, Indonesia, Singapore, Australia
Asia Deal Digest: Oct. 23, 2014

By Tom Brennan |

*Three firms on Medibank Private Ltd.'s $4.8 billion Australian IPO
*Hong Kong firm Deacons advises Chinese state-run Bohai Steel Group Co. on bond sale
*Herbert Smith Freehills acts for Energy Development Corp. on financing for Philippines' largest wind farm

Australia
Three Firms Lead Medibank's $4.8B Australian IPO

By Tom Brennan |

The Australian government, Medibank's sole shareholder, plans to sell its entire holding in order to raise money for infrastructure investment.

China, Hong Kong, India, Indonesia, Japan, Kazakhstan, Malaysia, Myanmar, Singapore, Australia, New Guinea
Asia Deal Digest: Oct. 16, 2014

By Anna Zhang |

*Simpson Thacher, Sullivan & Cromwell lead two Tokyo IPOs worth $2.6 billion
*Morgan Lewis guides Kazakhstan through its first dollar bond issue in 14 years
*Skadden acts on the first listing by a Malaysian company in the U.S.

Japan
Simpson Thacher, Sullivan & Cromwell on Two Japan IPOs

By Anna Zhang |

The firms led Recruit Holdings' $1.9 billion offering and that of Skylark Co., which raised $700 million.

Kazakhstan
Morgan Lewis on Kazakhstan's $2.5B Bond Offer

By Anna Zhang |

White & Case advised the underwriters on the Central Asian country's first dollar notes issuance in fourteen years.

India
Amarchand Advises IFC on $1B Indian Bond Deal

By Tom Brennan |

The International Finance Corp. sold rupee-denominated notes to fund infrastructure investments in the country.

New Guinea
Clifford Chance on Sime Darby's $1.74B Papua New Guinea Buy

By Tom Brennan |

The Malaysian conglomerate is acquiring New Britain Palm Oil in an effort to further expand its plantation business.

China, Hong Kong, Japan, Singapore
Asia Deal Digest: Oct. 9, 2014

By Tom Brennan |

*Five firms on Anbang Insurance's $1.95 billion purchase of the Waldorf Astoria New York
*Ashurst advises state-run PT Pertimina on $2 billion acquisition of Murphy Oil's Malaysian assets
*Herbert Smith Freehills guides Australia's Regis Healthcare on its recent IPO.

Japan
Latham Leads Starbucks' $914M Japan Buyout

By Tom Brennan |

The Seattle-based coffee giant is taking control of its Japanese operations through a buyout of its joint venture partner and the purchase of all outstanding shares.

Skadden Once Again Comes Out on Top of M&A Rankings

By Wenxiong Zhang |

Continuing on its transactional tear, Skadden, Arps, Slate, Meagher & Flom sat atop three separate rankings of legal advisers for global M&A deals based on total transaction value in the first three quarters of the year.

China
Five Firms on $1.95 Billion Waldorf Astoria Deal

By Tom Brennan |

Skadden, Fried Frank, Greenberg Traurig, Simpson Thacher and Dentons all have roles on a Chinese company's purchase of the landmark New York hotel.

Brunei, India, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore
Finalists Announced for The Asian Lawyer's Emerging Markets Awards

By Tom Brennan |

We've chosen a short list in 17 different categories for our inaugural awards recognizing the top matters and lawyers in Southeast Asia and India.

Malaysia
Gibson Dunn on Pertamina's $2 Billion Malaysia Buy

By Tom Brennan |

The Indonesian state-run company is acquiring 30 percent of the Malaysian oil and gas assets held by U.S. energy outfit Murphy Oil Corp.

Susan Mac Cormac, Morrison & Foerster partner

Japan
MoFo Helps Softbank Buy Piece of Hollywood

By David Ruiz |

The San Francisco-based firm represented Japanese telecommunications giant Softbank Corp. in a $250 million investment into film and media studio Legendary Entertainment, which is known for "Where the Wild Things Are," "Inception" and the "Dark Knight" films.

China
MoFo on Intel's $1.5 Billion Chinese Investment

By Tom Brennan |

The U.S. chipmaker is buying a 20 percent stake in state-run technology company Tsinghua Unigroup Ltd.

China, Hong Kong, Japan, Singapore, Australia
Asia Deal Digest: Sept. 25, 2014

By Tom Brennan |

*Ashurst on Leighton-led consortium's $3.2 billion bid to build Sydney transit system
*Davis Polk, Skadden lead Chinese car rental company CAR Inc.'s $468 million Hong Kong IPO
*Norton Rose, Allen & Overy advise on Hong Kong's first-ever Islamic bond issuance

Australia
Allens on Financing for Fraser's $2.4 Billion Australand Takeover

By Tom Brennan |

The Singaporean real estate group had outbid Sydney-based Stockland Corp. to win 68 properties in Australia’s major cities.

China, Hong Kong, India, Laos, Philippines, Singapore, South Korea, Australia
Asia Deal Digest: Sept. 18, 2014

By Anna Zhang |

*Allen & Overy, Clifford Chance on $916 million Laos hydropower project development and financing
*Latham & Watkins advises Chinese private equity firm FountainVest Partners on its first U.S. investment
*Cleary leads state-run Korea Development Bank's $750 million note issuance

China
Latham, Davis Polk on FountainVest's First U.S. Buy

By Anna Zhang |

The Chinese private equity firm is paying up to $800 million for a controlling stake in auto supplier Key Safety Systems.

Laos
Allen & Overy on $916 Million Laos Power Project

By Tom Brennan |

Clifford Chance acted for a group of nine lenders funding the 290-megawatt hydro plant, which is expected launch in 2019.

David Makarechian O'Melveny & Myers

Singapore
O'Melveny on $700 Million Investment in XPO Logistics

By David Ruiz |

Weil, Gotshal & Manges, Wachtell, Lipton, Rosen & Katz and Canadian firm Torys also have roles in the deal.

China, Hong Kong, India, Japan, Singapore, Australia
Asia Deal Digest: Sept. 11, 2014

By Tom Brennan |

*Linklaters leads establishment of China Orient Asset Management's $2 billion medium-term note program
*Jones Day acts for Japan's Ajinomoto on its $800 million offer for U.S. frozen-foods maker Windsor Quality
*Rajah & Tann on KMP Private Ltd.'s $37 million investment in Vietnamese feed company Hiep Thanh Group

China, Hong Kong, Singapore, Australia
Asia Deal Digest: Sep. 4, 2014

By Anna Zhang |

*Davis Polk on Taiwan's largest dollar debt offer
*DLA Piper leads $464 million Fosun investment
*Clayton Utz, A&O on $540 million Veda share sale

China
Paul Hastings Leads China Huarong $2.4bn Share Sale

By Anna Zhang |

Eight investors including Warburg Pincus and Goldman Sachs bought 21 percent of the Chinese bad-debt manager ahead of its IPO.

Global Legal Awards: Global M&A Deals of the Year

This category of The American Lawyer's Global Legal Awards recognizes 2013's largest and most complex mergers and acquisitions in every corner of the globe.

China, Hong Kong
Freshfields on Citic $6.9 Billion Share Placement

By Anna Zhang |

The Chinese state-owned enterprise sold shares to 27 investors to fund its $36.8 billion restructuring.

Global Legal Awards: Global Finance Deals of the Year

In this category, The American Lawyer's Global Legal Awards recognizes the 10 deals that best exemplify the challenges of transnational finance practice, from capital markets offerings to capital restructurings to infrastructure projects conceived on a vast scale.

China, Hong Kong, India, Japan, Singapore, Taiwan, Vietnam, Australia
Asia Deal Digest: Aug. 28, 2014

By Anna Zhang |

*Kirkland & Ellis advises Orchid Asia on $920 million China fund
*HSF, KWM lead AGL's $1.1 billion rights issue for MacGen acquisition
*Simpson Thacher, Gunderson Dettmer on Murata's $465 million acquisition of chipmaker Peregrine

Australia
HSF, KWM Lead on AGL's Billion-Dollar Rights Offer

By Anna Zhang |

The Sydney-based power company will use the proceeds to fund its recently approved $1.4 billion acquisition of Macquarie Generation.

China
Kirkland & Ellis on Orchid Asia $920 Million Fund

By Anna Zhang |

The Chinese private equity firm closed its sixth fund to invest in high-growth Chinese companies.

China, Hong Kong, Singapore, Australia
Asia Deal Digest: Aug. 19, 2014

By Tom Brennan |

*Allen & Gledhill, Clifford Chance on OCBC’s $2.7 billion rights issue in Singapore
*HSF advises KKR/Abacus joint venture on stake purchase in Melbourne’s World Trade Center
*Gibson Dunn leads Chinese consortium’s $1.7 billion take-private offer for U.S. chipmaker OmniVision

Singapore
Allen & Gledhill on OCBC’s $2.7 Billion Rights Issue

By Anna Zhang |

Singapore’s second-largest lender by assets is looking to refill its coffers after spending $5 billion to purchase Hong Kong-based Wing Hang Bank.

China
Gibson Dunn on Chinese Consortium's Bid for OmniVision

By Anna Zhang |

Beijing-based Hua Capital Management and Shanghai Pudong Science and Technology Investment are looking to take the Santa Clara-based company private for $1.7 billion.

Japan
MoFo, Ashurst Lead CP Group-Itochu Alliance

By Tom Brennan |

The Thai conglomerate and Japanese trading house have struck a billion-dollar deal that will see them collaborate in the food and agribusiness sectors.

Singapore
The New Nativist Normal

By Anthony Lin |

A rising anti-immigrant tide in Singapore is putting international law firms on edge.

Australia
Aussie Firms on $6.6 Billion Toll Road Deal

By Anna Zhang |

A consortium led by Transurban Group, Australia’s largest toll road operator, is buying regional competitor Queensland Motorways Ltd.

China
Davis Polk Advises CNOOC on $4 Billion Bond Issue

By Anna Zhang |

The Chinese state-owned oil company will use the proceeds to repay funds borrowed to finance its $15.1 billion acquisition of Canada's energy company Nexen Inc.

China, Hong Kong, India, Singapore, Australia
Asia Deal Digest: April 24, 2014

By Tom Brennan |

* Herbert Smith Freehills and Freshfields lead on state-owned company's acquisition of Hess Oil assets in Thailand
* Cleary, O'Melveny and Kirkland on a Chinese IT company's $332 million take-private
* Willkie Farr guides a U.S. VC fund on a $250 million investment Down Under

Singapore
Linklaters on $1 Billion OCBC Bond Issue

By Tom Brennan |

The Singaporean bank sold the 10-year bonds in order to raise money for general corporate purposes and to comply with new reserve requirements.

Thailand
Herbert Smith Freehills Advises Thai SOE on Hess Buyout

By Tom Brennan |

PTT Exploration and Production Pcl. is paying $1 billion for Hess' interest in two natural gas projects in Thailand.

India
Amarchand on $1 Billion Oil India Bond Issue

By Tom Brennan |

The state-owned oil company is raising funds to repay existing debt.

China, Hong Kong, India, Malaysia, Australia
Asia Deal Digest: April 17, 2014

By Anna Zhang |

* White & Case and Linklaters lead on $5.85 billion Chinese mine acquisition in Peru
* Chinese retail group turns to Simpson Thacher for its takeover of a British department store chain
* Milbank advises the government of Sri Lanka on a third sovereign bond offering

China
Simpson, Linklaters on Chinese Department Store Buy

By Anna Zhang |

A Chinese company is buy British department store chain House of Fraser for $804 million, with plans to open 50 stores in China.

China, Hong Kong
Skadden Advises Sinopec on $5 Billion Bond Issue

By Tom Brennan |

It is the third multibillion-dollar bond offering by the Chinese state-owned oil giant in the past year.

China
Three Firms on Chinese Group's $6 Billion Peru Mine Buy

By Tom Brennan |

A consortium of state-owned companies led by China Minmetals subsidiary MMG is acquiring the Las Bambas copper project in southern Peru from GlencoreXstrata.

India
S&R, Amarchand on Vodafone India Buyout

By Anna Zhang |

Vodafone last week paid $1.48 billion for the remaining 11 percent stake in Vodafone India Ltd. it didn’t already own, making it the first foreign telecom carrier to wholly own its Indian subsidiary.

China, Hong Kong, India, Japan, Singapore, Australia
Asia Deal Digest: April 10, 2014

By Tom Brennan |

* Shearman and Davis Polk on $3.2 billion merger of Indian generic drug makers
* Linklaters and Gilbert + Tobin advising a South African retailer on its $2 billion bid for Australia's David Jones department stores
* Chinese state food giant COFCO turns to Clifford Chance for Hong Kong grain trading acquisition

Australia
Four Firms on Woolworths' Aussie Acquisition

By Tom Brennan |

South African retailer Woolworths has offered to pay $2 billion for Australia's David Jones chain of upscale department stores.

Australia
Aussie Firms on Wesfarmers' Insurance Brokerage Sale

By Tom Brennan |

U.S. insurance brokerage Arthur J. Gallagher & Co. has proposed buying the business of the Australian conglomerate for $933 million.

India
Shearman, Davis Polk on $3.2 Billion India Drug Merger

By Anna Zhang |

Indian generic drug maker Sun Pharmaceutical Industries Ltd. is acquiring local competitor Ranbaxy Laboratories Ltd. from Japan's Daiichi Sankyo Co.

China, Hong Kong
Clifford Chance Advises COFCO on Hong Kong Acquisition

By Anna Zhang |

The Chinese state-owned food giant is buying a controlling stake in the agricultural unit of supply chain company Noble Group.

China, Hong Kong, India, Japan, Singapore, Australia
Asia Deal Digest: April 3, 2014

By Anna Zhang |

* HWL Ebsworth advises restructuring Aussie mall developer Westfield on $20 billion in loan facilities
* Slaughter and May and Freshfields on Singapore bank's proposed $5 billion Hong Kong acquisition
* Skadden guides Chinese antivirus software maker on $300 million U.S. IPO

Australia
Herbert Smith Freehills on $2.76 Billion Motorway Deal

By Anna Zhang |

A consortium led by Queensland state government-owned investment fund QIC Ltd. has agreed to pay $2.76 billion to build the nine-kilometer NorthConnex Motorway near Sydney.

Australia
Aussie Firms on $20 Billion Westfield Financing

By Anna Zhang |

The loans will finance a restructuring that will split the Australian shopping mall developer into domestic and international arms.

China, Hong Kong
Magic Circle Firms on $5 Billion Hong Kong Bank Bid

By Anna Zhang |

Oversea-Chinese Banking Corp., Singapore’s second-largest lender, is offering to buy Hong Kong's Wing Hang Bank Ltd. in a bid to expand its reach into China.

China
Slaughter and May on Alibaba Offline Investment

By Anna Zhang |

The Chinese e-commerce giant is investing $692 million in Beijing-based department store operator Intime Retail (Group) Co. Ltd.

India
Jones Day on Indian Government Bank Share Sale

By Anna Zhang |

The government is selling part of its stake in privately held Axis Bank to help close a budget deficit.

China, Hong Kong, Indonesia, Singapore, Australia
Asia Deal Digest: March 27, 2014

By Tom Brennan |

* Latham advising Georgina Rinehart's Roy Hill iron mine on largest project financing ever
* Clifford Chance and Freshfields on Temasek's proposed $5.7 billion investment in Hong Kong retail group A.S. Watson
* Malaysian telecom giant Axiata turns to Sidley for a major Indonesian acquisition

Australia
Ashurst Advising German Builder on Leighton Bid

By Anna Zhang |

Hochtief Aktiengesellschaft A.G. is offering to pay $1.1 billion to increase its stake in Australian construction company Leighton Holdings Ltd.

Indonesia
Sidley on $865 Million Indonesian Mobile Acquisition

By Tom Brennan |

The Indonesian subsidiary of Malaysian mobile telecommunications carrier Axiata Group Bhd. is buying local rival PT Axis Telekom Indonesia from Saudi Telecom Co.

Clearing Ltd.'s executive officer Charles Li.

China, Hong Kong
Hong Kong Looks Beyond Lost Alibaba IPO

By Anna Zhang |

Chinese e-commerce giant Alibaba Group's decision to hold what's expected to be the world's largest initial public offering since Facebook in New York instead of Hong Kong was long anticipated. But the company's recent final decision, which coincided with announcements of U.S. listings by other leading Chinese tech companies, has nevertheless swiftly renewed anxieties about Hong Kong’s future as an IPO destination.

China, Hong Kong
Magic Circle Firms on $5.7 Billion Li Ka-shing Deal

By Anna Zhang |

Singaporean sovereign wealth fund Temasek Holdings Pte. Ltd. is buying a 24.95 percent stake in A.S. Watson, the retail unit of Hong Kong conglomerate Hutchison Whampoa Ltd.

Australia
Latham, A&O on $7.9 Billion Roy Hill Financing

By Anna Zhang |

The loans to develop an iron ore mine in Western Australia amount to the largest project financing ever in the mining sector.

China, Hong Kong, India, Singapore, Australia
Asia Deal Digest: March 20, 2014

By Anna Zhang |

* Alibaba confirms New York IPO with Simpson Thacher at the helm
* Allen & Gledhill and WongPartnership on Temasek-led bid to acquire commodities trader Olam
* Latham leads on Indian travel site's $126.5 million Nasdaq share offering

Singapore
Singapore Firms on Temasek-led Olam Acquisition

By Anna Zhang |

A consortium led by the Singapore sovereign wealth fund has offered to buy outstanding shares of commodities trader Olam for around $2 billion.

Australia
Asia Deal Digest: March 13, 2014

By Tom Brennan |

* MoFo advises Singapore's GLP on its $1.4 billion purchase of Brazilian warehouse space
* Chinese auction house Poly Group turns to Clifford Chance for $331 million IPO
* Davis Polk and Skadden on Tencent's strategic alliance with online retailer JD.com.

China
Davis Polk and Skadden on Strategic Tencent Deal

By Anna Zhang |

The Chinese Internet giant's investment in online retailer JD.com could help it challenge Alibaba's e-commerce dominance.

Singapore
MoFo Advises Global Logistic Properties on Brazil Deal

By Tom Brennan |

The Singapore-based company is buying 34 warehouses, most of which are in Rio de Janeiro and São Paulo, from commercial real estate investor BR Properties SA.

India
Trilegal on $1.6 Billion Indian Power Plant Deal

By Tom Brennan |

The Indian law firm is advising a consortium of investors led by Abu Dhabi National Energy Co. on its proposed acquisition of two hydropower assets from a subsidiary of conglomerate Jaypee Group.

China, Hong Kong, India, Japan, Singapore, Australia
Asia Deal Digest: March 6, 2014

By Anna Zhang |

* Sullivan & Cromwell and Mori Hamada team for Japan Display's $3.8 billion Tokyo IPO
* Clifford Chance advises Chinese state food giant COFCO on its acquisition of a Dutch grain trader
* Skadden on planned $500 million IPO for Chinese microblogging service Sina Weibo

China
Clifford Chance Advises China's Cofco on Nidera Buy

By Anna Zhang |

The state-owned food giant's acquisition of a controlling stake in a Dutch grain trader is seen as driven by the Chinese government's desire to secure food supplies.

Japan
S&C, Mori Hamada on Japan Display's $3.8 Billion IPO

By Tom Brennan |

The state-backed company, which counts Apple Inc. among its customers, was created when the display divisions of Sony Corp., Toshiba Corp. and Hitachi Ltd. merged in 2011.

China, Hong Kong
Skadden Advising Sina Weibo on $500 Million IPO

By Anna Zhang |

China's Twitter-like 'microblogging' service is seeking a U.S. listing.

South Korea
Clifford Chance, Simpson Advise on Carlyle's Tyco Deal

By Tom Huddleston Jr. |

Tyco International is selling its South Korean fire protection and security unit to buyout firm Carlyle Group for $1.93 billion in cash.

China
Ashurst Advises China's Greenland on London Project

By Anna Zhang |

The Chinese state-owned developer has acquired a 7.75-acre site in southwest London where it plans to build a $1 billion mixed-use complex.

China, Hong Kong, India, Singapore, Australia
Asia Deal Digest: February 27, 2014

By Tom Brennan |

* Skadden guides Holland's Vitol on $2.6 billion acquisition of Shell assets in Australia
* Herbert Smith Freehills advises Chinese copper recycler on Hong Kong IPO
* Wilmer and Amarchand team for $110 million Web hosting acquisition in India

China, Hong Kong
Magic Circle Firms on Harbin Bank IPO

By Anna Zhang |

The lender is the latest Chinese commercial bank to seek a Hong Kong listing to increase capital adequacy ratios in response to tighter regulatory requirements.

Australia
Skadden on Acquisition of Shell Australia Assets

By Anna Zhang |

Dutch trading company Vitol is buying the oil giant's refining and retail businesses in Australia.

China, Hong Kong, India, Singapore, Australia
Asia Deal Digest: February 20, 2014

By Anna Zhang |

* Weil and MoFo on Chinese consortium's $2.5 billion logistics investment
* Clifford Chance advising China's Dongfeng Motor Group on a proposed $1.1 billion investment in French automaker Peugeot
* Herbert Smith Freehills and Baker & McKenzie on $1.37 billion Aussie utility deal

China, France
Clifford Chance Advising Dongfeng on Peugeot Deal

By Anna Zhang |

China's second-largest carmaker is planning to invest $1.1 billion and take a stake in France's troubled PSA Peugeot Citroën Group.

China
Clifford Chance on CR Land's $2 Billion Notes Program

By Anna Zhang |

The property development arm of state-owned China Resources Group is expected to use the proceeds from the issues to purchase land parcels in Beijing, Shanghai and Shenzhen.

Singapore
Weil, MoFo on $2.5 Billion Logistics Investment

By Tom Brennan |

A group of Chinese investors is buying a stake in Singapore-based warehouse operator Global Logistics Properties.

Australia
Firms Advising on Proposed Aussie Utility Merger

By Anna Zhang |

Sydney-based AGL Energy proposed $1.37 billion acquisition of state government-owned Macquarie Generation may face a tough time winning approval from antitrust regulators.

China
Simpson on $1.58 Billion Alibaba Mapping Acquisition

By Anna Zhang |

The Chinese e-commerce giant has offered to buy Beijing-based digital mapping company AutoNavi Holdings Ltd.

China, Hong Kong, India, Singapore, Australia
Asia Deal Digest: February 13, 2014

By Tom Brennan |

* Singapore's Puma Energy turns to Cleary for a $750 million notes issue in Luxembourg
* Skadden advises Chinese SOE on Alcatel-Lucent Enterprise acquisition
* Maddocks and Stikeman Elliott on the $479 million acquisition of an Aussie dairy products company

Laos, Thailand
A&O Advising on $1 Billion Lao Hydropower JV

By Tom Brennan |

Korean, Thai and Lao enterprises are building a 410-megawatt power plant in Laos’ Attapue and Champasak provinces.

China, Hong Kong
Skadden on Planned $1.5 Billion U.S. IPO for JD.com

By Anna Zhang |

A listing for JD.com, which operates China’s second-largest online shopping site, would be one of the largest ever in the U.S. for a Chinese company.

China, United States
Weil on Lenovo's $2.9 Billion Motorola Mobility Deal

By Anna Zhang |

The Chinese computer company is planning to buy the smartphone maker from Google, which acquired it in 2011 for $12.5 billion.

Vietnam
Stephenson Harwood on $9 Billion VietJetAir Order

By Anna Zhang |

The Vietnamese low-cost carrier has placed an order for up to 92 Airbus A320 passenger jets.

China
Three Firms on Shanda Games $1.9 Billion Take-Private

By Anna Zhang |

Wilson Sonsini Goodrich & Rosati, Latham & Watkins and Davis Polk & Wardwell have the lead role on the deal involving the developer of China's popular World of Legend online game.

South Korea
S&C, A&O on $5.25 Billion AB InBev Bond Issue

By Anna Zhang |

Proceeds from the offering will be used to finance AB InBev's reacquisition of Korea's Oriental Brewery.

China
Cravath, Cleary Advise as Lenovo Buys IBM Server Unit

By Brian Baxter |

Longtime Cravath, Swaine & Moore client IBM announced Thursday that it has agreed to sell its low-end server unit to Beijing-based Lenovo Group, the world's largest personal computer maker, for $2.3 billion.

Japan
Simpson on $2.5 Billion Mitsubishi Motors Share Sale

By Tom Brennan |

The automaker is raising money to buy back preferred shares held by other Mitsubishi affiliates.

China, Hong Kong, Japan, Singapore, Australia
Asia Deal Digest: January 16, 2014

By Tom Brennan |

* Cleary and Sidley lead on $16 billion Suntory-Beam deal
* Paul Hastings advising Chinese meat processor Shuanghui on a planned $6 billion IPO
* Stephenson Harwood helps budget airline VietJet buy $800 million in jet engines

China
Paul Hastings Advising Shuanghui on $6 Billion IPO

By Tom Brennan |

The firm also advised the Chinese meat processor on its $7.1 billion acquisition of Smithfield Foods Inc. last May.

Japan
Cleary, Sidley Lead on $16 Billion Beam Sale

By Tom Huddleston Jr. |

Japan's Suntory has agreed to buy Beam, the maker of bourbon brands Jim Beam and Maker's Mark, in a cash deal worth roughly $16 billion, including the assumption of debt. Cleary is advising Suntory on the purchase, while Beam has turned to Sidley Austin.

China
Paul Hastings on Shuanghui Spanish Deal

By Anna Zhang |

The Chinese pork processor is the minority partner in a joint bid with Sigma Alimentos SA de CV to acquire Spain’s Campofrio Food Group SA.