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China

 
  • Agricultural Bank of China. We advised the Agricultural Bank of China, a leading commercial bank in China in terms of total assets, loans and deposits, on its $22 billion Rule 144A/Regulation S global IPO and dual listing of H shares and A shares. This is the second-largest IPO in history and the largest-ever by an Asian issuer.
  • China Merchants Bank. We advised China Merchants Bank on its $3.2 billion global rights offering. This is the first global rights offering by a Chinese bank and the first rights offering by a Chinese company made available to U.S. investors.
  • AIG/AIA/Prudential. We advised the Federal Reserve Bank of New York in connection with AIG’s $35.5 billion unsuccessful sale of AIA, AIG’s Asian life insurance unit, to Prudential plc, a U.K.-based retail financial services company with operations in the U.K., Asia and U.S.
  • China Investment Corporation/Bumi Resources. We advised China Investment Corporation (CIC), the Chinese sovereign wealth fund, in connection with its $1.9 billion investment in PT Bumi Resources Tbk, the largest coal mining company in Indonesia.

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India

 
 
  • Reliance Industries/Reliance Petroleum. We served as special U.S. counsel to Reliance Industries, a Mumbai, India-based oil and gas exploration and production company, in connection with its acquisition of the remaining 24.62% stake which it did not already own in Reliance Petroleum, an oil and has refiner based in India, for approximately $1.7 billion.
  • ICICI Bank. We advised ICICI Bank on its $4.9 billion equity offering, which included an SEC-registered and Indian public offering. This is the largest-ever equity offering by an Indian issuer.
  • Morgan Stanley Infrastructure Partners/Asian Genco. We advised a consortium of investors led by Morgan Stanley Infrastructure Partners in connection with an investment of approximately US$425 million in Asian Genco Pte., a Singaporean infrastructure development company with investments in Indian power generation assets and engineering services businesses.
  • Quadrangle Capital Partners/Tower Vision. We advised Quadrangle Capital Partners on a $300 million combined equity and debt financing by a Quadrangle-led consortium of private equity investors in Tower Vision, an Indian telecom tower management company based in Delhi and the second-largest telecom independent tower management company in India. This investment marks Quadrangle’s first transaction in Asia.

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Japan

 
  • Nippon Mining/Nippon Oil. We advised Nippon Mining Holdings, a Japanese oil and gas refiner and marketer, in connection with its $11.8 billion merger of equals with Nippon Oil, a Japanese oil and gas refiner and marketer. The transaction created one of the world’s largest private sector oil companies and Japan’s third-largest company based on revenues. This deal was named the “Asia M&A Deal of the Year” at the 2011 IFLR Awards.
  • Sumitomo Mitsui Financial Group. We advised Sumitomo Mitsui Financial Group on its ¥1 trillion ($11.1 billion) Rule 144A/Regulation S global offering of common stock.
  • Morgan Stanley/MUFG. We are advising Morgan Stanley on the conversion by Mitsubishi UFJ Financial Group (MUFG), a Tokyo-based international financial services provider, of convertible preferred stock into common stock of Morgan Stanley. We previously advised Morgan Stanley in connection with a $7.8 billion investment by MUFG.
  • Hitachi. We advised Hitachi, a leading global technological and industrial company based in Japan, on a ¥265 billion ($3 billion) Regulation S offering of common stock and a concurrent ¥100 billion ($1.1 billion) Regulation S offering of convertible bonds.

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Korea

 
  • Korea Life. We advised the underwriters on the $1.6 billion Rule 144A/Regulation S IPO of common stock of Korea Life Insurance.
  • Webzen/NHN Games. We advised Webzen on its $214 million merger with NHN Games Co. Both companies are Korean developers and service providers of massively multiplayer online games.
  • SK Telecom. We advised the joint bookrunners on the $333 million Regulation S offering of convertible notes by SK Telecom, the leading wireless telecommunications services provider in Korea. This offering won FinanceAsia’s award for “Best Korean Deal” in 2009.
  • Shinhan Financial Group. We advised the joint lead managers on the $938 million rights offering by Shinhan Financial Group, the largest Korean financial institution by market capitalization. This is the largest Korean rights offering in history.
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Southeast Asia

 
  • Temasek. We advised the initial purchasers on a £700 million ($1.1 billion) medium-term notes offering by Temasek Financial (I), under its US$10 billion medium-term notes program in 2010, and on a $500 million and a $1.5 billion Rule 144A/Regulation S offering of guaranteed debentures by Temasek Financial (I) Limited under its $5 billion medium-term notes program in 2009. The Temasek Group, wholly owned by the Singaporean government through the Minister for Finance, has a portfolio of investments covering a wide range of countries and industry sectors.
  • China Investment Corporation/Bumi Resources. We advised China Investment Corporation (CIC), the Chinese sovereign wealth fund, in connection with its $1.9 billion investment in PT Bumi Resources Tbk, the largest coal mining company in Indonesia.
  • Socialist Republic of Vietnam. We advised the initial purchasers on a $1 billion Rule 144A/Regulation S offering of notes by the Government of the Socialist Republic of Vietnam. This was the largest completed benchmark debt offering from Vietnam in five years.
  • Charoen Pokphand Group/Carlyle Asia Partners. We advised Charoen Pokphand Group, a Thai business conglomerate, on its sale of $175 million of convertible preference shares and options in its Hong Kong-listed subsidiary, C.P. Pokphand Co., to Carlyle Asia Partners III L.P., and its concurrent sale of up to $45 million of convertible preference shares in C.P. Pokphand to certain other investors. 
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