Asian Deals

BERLIN, GERMANY - AUGUST 17, 2014: Hainan Airlines Airbus A330 arrives to the Tegel International Airport.

China, Switzerland
Weil Advises China's HNA Group on $2.8B Cargo Company Acquisition

By Tom Brennan |

The parent of Hainan Airlines is buying the world's largest ground and cargo handling company, Swissport International Ltd.

Deal Watch: Teva’s Generics Buy Headlines Banner M&A Week

By Jennifer Henderson |

A bevy of transactions in the pharmaceutical industry and industrial sector in Europe helped make the past week a big one for M&A, with more than a dozen billion-dollar deals being announced.

From left to right: Corporate Avenue 1 and 2. Photo via The Link REIT.

China, Hong Kong
Baker & McKenzie on $1.1B Shanghai Property Investment

By Anna Zhang |

Hong Kong's Link REIT is buying two office buildings and retail space in the city's Xintiandi area.

China, Hong Kong
Kirkland on China Railway Signal’s $1.8B IPO

By Anna Zhang |

The traffic-control systems designer will list next month four years after its first attempt at going public was postponed because of a deadly train rash in eastern China that killed 40 people.

China, Hong Kong
Davis Polk Leads CICC’s $1B Hong Kong IPO

By Anna Zhang |

The deal gives shareholders KKR and TPG Capital the chance to exit stakes they’ve held in the Chinese investment bank since 2010.

Japan, United Kingdom
Skadden Advising Nikkei on FT Acquisition

By Tom Brennan |

Japan's largest media company is offering $1.3 billion for FT Group, the Pearson-owned publisher of the iconic salmon-toned Financial Times.

Power station in Western Australia. Source: Energy Developments

Australia
Allens, Gilbert + Tobin on Billion-Dollar Aussie Energy Deal

By Anna Zhang |

Sydney-based utility DUET Group is buying clean-energy producer Energy Developments.

China
How Chinese Demand for EB-5 Visas Has Slowed Things Down

By Samantha Joseph |

They're eager to invest in real estate, but a backlog might lead Chinese investors to delay deals under the EB-5 visa program.

Bhutan, China, Hong Kong, Singapore, South Korea, Vietnam
The American Lawyer Names 2015 Global Legal Award Winners

By Michael D. Goldhaber |

In Asia, winners include the Alibaba IPO, AB InBev's acquisition of Oriental Brewery, Bhutan's first law school and more.

China
EB-5 Funding Is Turning Miami China-Centric

By Ronald R. Fieldstone |

Chinese investors accept a rate of return on their invested capital as low as 0.5 of a percent to get the certainty of job creation and green card approval, writes attorney Ronald Fieldstone.

China
Skadden on YY’s $2.4B Chinese Go-Private Deal

By Anna Zhang |

The video social networking company is the latest U.S.-listed Chinese company planning its return to China’s stock exchanges.

Hong Kong
Mayer Brown, Freshfields on $938M Hong Kong Hotel Buy

By Tom Brennan |

A group of investors led by Gaw Capital Partners has made a bid for the 5-star InterContinental on the Kowloon waterfront.

Singapore
HSF Advises China's JCET on Singapore Semi Deal

By Tom Brennan |

A consortium led by Shanghai-listed Jiangsu Changjiang Electronics Technology is buying Temasek-controlled chipmaker STATS ChipPAC for $760 million.

China, Hong Kong
Davis Polk Advises Red Star Macalline on Hong Kong IPO

By Tom Brennan |

The mainland home-improvement and furniture retailer will use the $925 million raised in its initial public offering to open nine new specialty malls and seek further expansion through acquisitions.

China
Four Firms Advise on Shanghai Developer's $920M Fund Raising

By Tom Brennan |

Jones Day, Baker & McKenzie and Deacons all had roles on an investment into real estate company Chongbang.

China
Simpson, Allen & Overy on HP’s New Chinese JV

By Anna Zhang |

State-owned Tsinghua University is paying $2.3 billion for a majority stake in a new joint venture that includes Hewlett-Packard’s network, server and storage business in China.

Singapore
White & Case Acts for Temasek, CVC on US Pharma Deal

By Tom Brennan |

The Singaporean sovereign wealth fund and London-based CVC Capital Partners have acquired a majority stake in New Jersey-based Alvogen that values the company at $2 billion.

China, Hong Kong
Linklaters, Freshfields Lead CITIC Securities $5B Share Sale

By Anna Zhang |

China's largest brokerage raised money for securities lending from the National Social Security Fund, the Kuwait Investment Authority, GIC Private Ltd. and others.

China
Kirkland, Skadden Leads $9B Going-Private Bid for Qihoo

By Madeline Farber |

If approved by shareholders, the deal would make Qihoo's privatization the largest such transaction by a U.S.-listed Chinese company.

The charging bull statue on the Bund, the historic business area in Shanghai.

China
Haiwen Leads Guotai Junan’s $4.9B China Listing

By Anna Zhang |

The Shanghai-based brokerage is the country’s largest IPO since Agricultural Bank of China's $10 billion Shanghai listing in 2010.

India
Ashurst, Khaitan Lead $2.3B Vedanta Deal

By Tom Brennan |

The U.K. and Indian firms are the sole counsel for the Indian resources company's latest restructuring.

Source: Lenovo

China, Hong Kong
Cleary, Davis Polk Lead Legend's $2B Hong Kong IPO

By Anna Zhang |

The parent company of Chinese computer maker Lenovo is raising capital for future acquisitions.

China, Hong Kong
Skadden Leads 3SBio's Hong Kong Debut

By Tom Brennan |

The Chinese biotechnology company has returned to the public markets two years after delisting from the Nasdaq.

China
Wilson Sonsini, Kirkland on $673M US-to-China Take Private

By Anna Zhang |

China Mobile Games has become the latest Chinese game developer to exit the Nasdaq, six weeks after Perfect World announced its own plan to delist from the U.S. exchange.

Deal Watch: Sullivan & Cromwell Snags Work for Teva, Tokio Marine

By Jennifer Henderson |

The firm is advising Tokio Marine in its $7.5 billion insurance company buy and has unexpectedly picked up work on Teva’s $40 billion bid for Mylan.

Japan
S&C, Willkie on Tokio Marine's $7.5B U.S. Acquisition

By Tom Brennan |

The Japanese insurer moves to expand its Stateside footprint by acquiring Houston-based specialty insurance company HCC.

Li Ka-shing   Source: Hutchison Whampoa Ltd.

Hong Kong, Qatar
Linklaters, Freshfields on Li Ka-shing's Latest Deal

By Anna Zhang |

Qatar Investment Authority has invested $1.2 billion in the billionaire's Hong Kong power company.

China
China Takes Aim at Key Loophole for Foreign Investors

By Tom Brennan |

Top technology, media and telecommunications companies may face some difficult choices if regulators end their use of a key investment vehicle that allows them to operate in the country.

Indonesia
White & Case, Clifford Chance on Indonesia $2B Sukuk

By Anna Zhang |

The issuance is the Southeast Asian country's largest ever single tranche of dollar-denominated Islamic bonds.

Australia
HSF, KWM on $1.5B Australian Cargo Project

By Anna Zhang |

A new rail freight terminal will be built in Sydney to reduce traffic congestion caused by truck transport.

China, Netherlands
Deacons Leads $1.8B Chinese Semiconductor Buy in Europe

By Anna Zhang |

State-owned China Jianyin Investment will acquire Netherlands-based NXP Semiconductors' radio-frequency power business.

Japan, South Korea
Paul Hastings, MoFo Lead Softbank’s $1B Korean Investment

By Anna Zhang |

Seoul-based online retailer Coupang is the latest in the Japanese telecom giant's portfolio.

China, Hong Kong
King & Wood Mallesons on Fosun's $1.2B Share Sale

By Tom Brennan |

The Chinese conglomerate has raised funds to continue its acquisition spree in the insurance sector.

China, Hong Kong
Clifford Chance Advises on HTSC's $4.5B IPO

By Tom Brennan |

The deal is the latest in a flurry of equity offerings by Chinese brokerages this year.

Australia
HSF, Ashurst on $1.4B Aussie Mining Deal

By Tom Brennan |

The combination of Independence Group and Sirius Resources would create a copper, gold and nickel miner with a total market capitalization of $2.1 billion and a handful of major projects in Western Australia.

Australia
Morgan Lewis on CalPERS's APAC Infrastructure Play

By Tom Brennan |

U.S. pension fund California Public Employees' Retirement System is investing $764 million in an Asia Pacific infrastructure portfolio that will be managed by Australian investment company QIC Ltd.

Malaysia
Cleary, Clifford Chance on Malakoff's $769M IPO

By Tom Brennan |

Malaysia's largest independent power company held the country’s biggest initial public offering in close to three years.

Nuclear Power Plant in China

China
Beijing's Tianyuan on China National Nuclear Power $2.7B Shanghai IPO

By Anna Zhang |

The state-owned nuclear power company has secured an approval for what will be the largest IPO mainland China has seen since China Everbright Bank's $3.6 billion Shanghai listing in 2010.

Hong Kong
Dealmaker Spotlight: Latham & Watkins’ Cathy Yeung

By Anna Zhang |

So far in 2015, Yeung has already advised the largest three IPOs and the largest follow-on offer in Hong Kong

Australia
Deal Watch: Weil, Wachtell Dial Up for Verizon's $4.4 Billion AOL Buy

By Jennifer Henderson |

Verizon Communication Inc. cites AOL Inc.'s market success in digital content and advertising platforms as reasons behind the purchase. Also in this week's roundup of deals worth $1 billion or more: Williams' acquisition of its master limited partnership Williams Partners in an all-stock deal valued at $13.8 billion, led by Gibson Dunn and Baker Botts.

China, Hong Kong
Norton Rose Fulbright Advises China Taiping Insurance on $1.74B Placement

By Tom Brennan |

The state-owned company is raising money to further grow its existing insurance businesses.

China
DLA on Fosun's $1.8B U.S. Insurance Buy

By Anna Zhang |

The Shanghai-based conglomerate is acquiring the remaining 80 percent of Ironshore that it doesn’t already own in an effort to ramp up its insurance portfolio.

Malaysia
Linklaters, Clifford Chance on Malaysia's $1.5B Sukuk

By Tom Brennan |

The Magic Circle firms once again have the lead roles on the Southeast Asian country's latest Islamic bond deal, its first since 2011.

India
Davis Polk Advises Daiichi as It Exits Sun Pharma Stake

By Tom Brennan |

Japan's Daiichi Sankyo has raised about $3.2 billion by shedding the 9 percent of Sun Pharma it received when it sold Ranbaxy Labs to the Mumbai-based company earlier this month.

Hong Kong
Latham, Kirkland Act for China Galaxy on $3.1B Share Sale

By Anna Zhang |

The Beijing-based brokerage is raising money to fund its securities-lending business as the country's stock markets continue to rally.

Australia
Weil Advises Iron Mountain on $2.1B Aussie Acquisition

By Tom Brennan |

The Boston-based data storage company has struck a deal to buy Australia's Recall Holdings, with Sidley Austin acting for the target.

Pakistan
Latham, Cleary Lead Habib Bank's $1B Share Sale

By Tom Brennan |

The government sold its entire stake in Pakistan's largest bank as part of an effort to boost the country's economy, including its foreign exchange reserves.

China
Orrick, Skadden on Latest Take-Private for U.S.-Listed Chinese Company

By Anna Zhang |

Perfect World will be the third Chinese gaming company, including Giant Interactive and Shanda Games, to delist in the last 18 months in the face of low valuations from investors.

Australia
Allens on Australian Telecom M2's Rival Bid for iiNet

By Tom Brennan |

M2 is trying to elbow out TPG Telecom with a $1.27 billion offer for the Perth-based DSL company.

South Korea
DLA Piper Advises Groupon on Korean Unit Stake Sale

By Tom Brennan |

Kirkland & Ellis and Weil, Gotshal & Manges are acting for KKR & Co. and Anchor Equity Partners on their investment in South Korea's Ticket Monster Inc.

China, Singapore, Australia, Netherlands, Norway, United Kingdom, Israel, Canada
Deal Watch: Big Firm Pharma Deal Flow Continues With Teva’s Mylan Bid

By Jennifer Henderson |

Big Pharma leads the list of billion-dollar deals this week with a $40 billion, unsolicited bid made by Israel’s Teva Pharmaceutical Industries Ltd. for fellow generic-drug maker Mylan N.V.

China
Hollywood and China: An International Buddy Movie

By Anthony Paonita |

Hollywood wants the box office riches; Chinese companies want Hollywood techniques. Sister publication Corporate Counsel talks to Manatt, Phelps & Phillips partner Lindsay Conner about how the two are coming together.

China
Ropes, Cleary, Paul Hastings on Cirque du Soleil Deal

By Tom Brennan |

U.S. private equity giant TPG Capital and Shanghai-based Fosun International are buying into the Canadian entertainment company and plan to launch the business in China.

China
Skadden, Kirkland on $1.6B Deal Between China’s ‘Craigslists’

By Anna Zhang |

China's 58.com and Ganji.com are letting go of a 10-year-old rivalry and joining forces.

China
Simpson Thacher, Freshfields Lead $2.5B Alibaba Deal

By Anna Zhang |

The Hangzhou-based ecommerce giant is transferring its Tmall online pharmacy to its Hong Kong-listed healthcare subsidiary in exchange for a combination of shares and debt.

Singapore
Allen & Gledhill, WongPartnership on $2.6B Take-Private Deal

By Anna Zhang |

Singaporean oil rig builder Keppel Corp. is delisting its property development arm in a bid to diversify revenues.

China, Hong Kong
Latham, Clifford Chance Advise on GF Securities $3.6B IPO

By Tom Brennan |

The Chinese brokerage ranks as the biggest initial public offering so far this year in Asia.

Australia
Clifford Chance on Apache’s $2.1B Australian Divestment

By Anna Zhang |

Four months after the Houston-based oil and gas giant sold two offshore assets to Woodside Petroleum for $2.8 billion, Apache has turned again to the Magic Circle firm to unload its entire Australian division.

China, Netherlands, United Kingdom, Canada
Deal Watch: Magic Circle, Am Law Firms Advise on $70 Billion Royal Dutch Shell Deal

By Jennifer Henderson |

Oil and gas tops off the week's list of billion-dollar deals, with Royal Dutch Shell plc's $70 billion acquisition of BG Group plc.

Singapore
Freshfields, Linklaters on DBS's Billion-Dollar Partnership with Manulife

By Tom Brennan |

The two companies have struck an exclusive agreement that would see DBS sell Manulife's insurance products through the bank's 200 branches in Asia.

Malaysia
Watson Farley, A&O on SapuraKencana's $2.3B Islamic Debt Deal

By Tom Brennan |

Malaysia's largest oil and gas services company is refinancing part of a $5.5 billion credit facility it took on last year.

Australia
Ropes, Sullivan & Cromwell Lead MYOB's $636M IPO

By Tom Brennan |

Bain Capital is selling some of its shares in the Australian enterprise software company four years after buying it from Archer Capital for $1.3 billion.

China, Hong Kong
Kirkland on TCM's $930M Share Sale

By Tom Brennan |

State-owned China Traditional Chinese Medicine is selling shares to a group of investors to fund its acquisition of Jiangyin Tianjiang Pharmaceutical.

China
US Business Opportunities in China's Clean Energy Sector

By Barbara Yu Levy |

Companies that play it smart will be well positioned to leverage recent political developments and China's demand for low-cost renewable energy technologies into safe, lucrative and long-term business opportunities.

China, Australia
KWM, HSF on $846M Aussie Mining Deal

By Tom Brennan |

Chinese state-owned Guangdong Rising Assets Management Co. has made an offer to acquire Australian copper miner PanAust Ltd.

China, Hong Kong
Latham, Sullivan & Cromwell on Fuyao Glass $953M IPO

By Anna Zhang |

The car window maker’s initial public offering is the biggest so far this year in Hong Kong.

Australia, United Kingdom
Slater & Gordon Offers $947M for U.K. Claims Processor

By Anna Zhang |

Arnold Bloch Leibler is Australian counsel to Slater, while London-based Macfarlanes is advising on English law.

China
Norton Rose Fulbright on $5.5B Chinese Real Estate Deal

By Anna Zhang |

Hong Kong-listed China Overseas Land acquired properties in 12 cities from its state-owned parent China Construction.

FARNBOROUGH, UK - JULY 15: Closeup of a Pirelli tyre attached to a Caterham Formula 1 race car on static display at the Farnborough Airshow, UK on July 15, 2012

China, Italy
Clifford Chance Leads ChemChina’s $7.7B Italian Tire Buy

By Anna Zhang |

China's Jun He Law Offices, Italy's Pedersoli e Associati, Linklaters and Latham & Watkins are among the others working on what will be the largest overseas acquisition by a Chinese state-owned enterprise since the $15 billion CNOOC-Nexen deal in 2012.

Malaysia
Cleary, Milbank on Petronas' $5B Bond Sale

By Tom Brennan |

The Malaysian state-owned energy company sold a mix of Islamic and conventional notes to raise cash in the wake of tumbling oil prices.

Katniss Everdeen, a character in The Hunger Games movies.

China
O'Melveny on $375M Chinese Investment into Lions Gate

By Anna Zhang |

The studio behind blockbuster hits such as "The Hunger Games" and "Twilight" will receive funding for a quarter of its expected movies over the next three years from popular Chinese television producer Hunan TV.

China
MoFo, Wilson Sonsini on Chinese Investors' $640M Take-Private Deal

By Anna Zhang |

Shanghai-based Summitview Capital is leading a Chinese consortium to buy U.S. chipmaker Integrated Silicon Solutions Inc. and delisted it from the Nasdaq.

Australia, Netherlands, United Kingdom, Canada
Deal Watch: Skadden Advising Endo and Valeant, With Both Vying for Salix

By Jennifer Henderson |

Our latest roundup of transactions in the United States and around the world sees Sullivan & Cromwell, Skadden, Freshfields and Davis Polk take the lead for companies in the analytics, entertainment and pharmaceutical sectors.

Australia
Minter Ellison, K&L Gates Lead $1B Broadband Deal in Oz

By Tom Brennan |

If successful, TPG Telecom Ltd.’s acquisition of iiNet Ltd. would create the second-largest fixed-line internet services provider in Australia.

Australia, Ireland, Netherlands, United Kingdom, Canada
Deal Watch: AbbVie's $21B Pharma Buy, NXP in $12B Tech Acquisition, Plus More

By Jennifer Henderson |

Big Pharma tops our latest roundup of deals worth $1 billion or more, with AbbVie Inc. agreeing to purchase cancer-drug maker Pharmacyclics Inc. for $21 billion. NXP Semiconductors, based in the Netherlands, will acquire Austin's Freescale for $11.8 billion.

Hong Kong
Freshfields Advising on HKBN's $750M IPO

By Tom Brennan |

Investors CVC Capital and GIC are cashing out of some of their stakes in Hong Kong's second-largest broadband internet provider.

China
Grandall on Chinese Brokerage’s $1.6B Shanghai IPO

By Anna Zhang |

Citigroup joint venture partner Orient Securities is going public amidst a rush of planned listings in China.

Hong Kong
Debevoise on $4B Asian Private Equity Fund

By Anna Zhang |

Hong Kong-based Baring Private Equity Asia has raised the second-largest fund in the region since KKR's $6 billion fund in 2013.

Japan, Italy, Spain, Canada, Cayman Islands
Deal Watch: Sullivan & Cromwell Advise Valeant on $10.1 Billion Buy of Salix

By Jennifer Henderson |

Our latest roundup of deals worth $1 billion or more includes Valeant Pharmaceuticals International Inc.’s purchase of Salix Pharmaceuticals Ltd. for $10.1 billion; Asahi Kasei Corp.’s buy of Polypore International Inc. in a deal valued at $3.2 billion; and a merger between silicon producers Grupo FerroAtlántica and Globe Specialty Metals Inc. for a combined value of $3.1 billion.

India
Cravath Acts on Indian Lender HDFC's $1.6B Share Sale

By Tom Brennan |

One of India's largest banks has sold stock on the country's domestic exchanges and in the U.S. to fund future growth and boost its capital reserves.

China
New Year, New Strategies for Negotiation in China

By Marlisse Silver Sweeney |

Whether goats or sheep are in ascendancy, it's time to update your approach to negotiation when dealing with companies based in China.

Australia
Slater & Gordon Expands Amid New Push for Publicly Traded Firms

By Brian Baxter |

Australia’s Slater & Gordon, the world’s first publicly traded law firm, is headed to Wales after acquiring a pair of personal injury shops in the U.K. The move comes as a co-founder of a prominent U.S. litigation finance firm calls for the adoption of alternative business structures by U.S. law firms.

Japan, Australia
Clayton Utz Acts for Japan Post on $5.1B Toll Acquisition

By Tom Brennan |

Japan's state-owned postal service is buying Australia's largest logistics company as it seeks growth outside a weak home market.

China
Skadden, Simpson on $6B Taxi-Hailing App Merger in China

By Tom Brennan |

Tencent-backed Didi Dache and Alibaba-backed Kuaidi Dache are tying up after a fierce battle for market share in the world's largest economy.

China
Freshfields, Sidley on Alibaba's $590M Investment in Meizu

By Tom Brennan |

The Chinese e-commerce giant has taken a step toward boosting the market share of its mobile operating system with the purchase of an undisclosed stake in the Zhuhai-based smartphone maker.

Thailand
White & Case, Shearman on $1.7B Thai Telecom IPO

By Anna Zhang |

Jasmine International is spinning off its fiber-optic cable business to raise money for the expansion of its national broadband network.

India
HSF on Coal India's $3.6B Share Sale

By Tom Brennan |

The deal was the latest divestment in a state-run company as the Indian government raises money to improve the country's finances.

Australia
Ashurst, Allens, Minter Ellison Lead $6B Aussie Merger

By Tom Brennan |

The combination of real estate investment trust Federation Centres and retail-focused Novion Property Group will create a new company with 102 assets under management worth $17 billion.

China, Hong Kong
Three Firms on $1B Investment in Xiaomi

By Anna Zhang |

A consortium led by Hong Kong-based All-Starts Investment has valued the Chinese smartphone maker at $45 billion, making it the most valuable private technology company in the world.

Thailand, United Kingdom
Linklaters, DLA Piper on Thai Tycoon's British Soccer Buy

By Tom Brennan |

Dejphon Chansiri is acquiring Sheffield Wednesday Football Club for a reported $45 million.

China
Kirkland Leads Billion-Dollar Chinese Medicine Deal

By Anna Zhang |

State-owned China Traditional Chinese Medicine is buying an 81.5 percent stake in a competitor.

Hong Kong, United Kingdom
A&O, Freshfields Lead Li's $3.75B British Rail Buy

By Tom Brennan |

Two companies controlled by Hong Kong tycoon Li Ka-shing are acquiring Eversholt Rail Group from a consortium that includes U.K. private equity funds 3i Infrastructure and STAR Capital Partners.

China, Hong Kong
Sidley, Ashurst, Freshfields on $10B Citic Deal

By Tom Brennan |

Thailand's Charoen Pokphand Group Co. Ltd. and Japanese trading house Itochu Corp. are buying a 20 percent stake in the Chinese state-run conglomerate.

China, Hong Kong
Sullivan & Cromwell on China Shenhua's $1.5B Bond Sale

By Tom Brennan |

Latham & Watkins is acting for the underwriters on the state-run company’s first entry into the international bond market.

Singapore
Stamford, Zico Strike Outsourcing Deal

By Tom Brennan |

The agreement will allow Singapore-based Stamford Law Corp. to cut costs and free up their lawyers to focus on more high-end matters.

China
Shearman, Davis Polk on China's $1.4B European Hotel Buy

By Anna Zhang |

King & Wood Mallesons and Baker & McKenzie are also among the firms helping state-owned Shanghai Jin Jiang acquire France's Groupe Du Louvre.

Hong Kong
Magic Circle Firms on Reorganization of Li Ka-shing's $97B Empire

By Anna Zhang |

Asia's richest person is spinning off his real estate assets into a new company in a deal led by Freshfields, Linklaters and Woo Kwan Lee & Lo.

China
Orrick, Skadden, Paul Weiss on $1.6B Bitauto Investment

By Tom Brennan |

Tencent and JD.com have used a combination of cash and resources to purchase a 28 percent stake in the Chinese autos e-commerce company.

China
Three Firms on $26B Chinese Rail Merger

By Anna Zhang |

Baker & McKenzie, Morrison & Foerster and Linklaters are leading the combination of state-owned train makers China CNR and CSR.

China, Hong Kong
Clifford Chance on Haitong Securities' $3.9B Placement

By Tom Brennan |

The Hong Kong-listed Chinese brokerage sold 1.9 billion shares in order to raise funds for its margin financing and securities lending businesses.