Here are the law firms crafting Okada Manila’s $2.5 bln SPAC merger
BY Reuters |Three law firms — Baker McKenzie, Milbank and Schulte Roth & Zabel — are driving Philippines-based casino Okada Manila’s plans to go public in the U.S. through a $2.5 bln merger with blank check company backed by a former Las Vegas Sands Corp. director.
Khaitan, SAM, Cleary advise on Tata Motors’ $1 billion fundraising
BY Aparna Sai |Khaitan & Co has advised India’s Tata Motors on its 75 billion rupees ($1 billion) fundraise from private equity firm TPG’s Rise Climate Fund, which was represented by Shardul Amarchand Mangaldas and Cleary Gottlieb Steen & Hamilton.
Desai & Diwanji, AZB advise on $597 mln demerger
BY Aparna Sai |Desai & Diwanji has advised India conglomerate Shapoorji Pallonji on the 44 billion rupees ($597 million) sale of controlling stake in its subsidiary Eureka Forbes, worth to U.S. private equity firm Advent International. AZB & Partners represented Lunolux.
A&O, Allens act on Singtel’s $1.4 bln tower sale to AustralianSuper
BY Aparna Sai |Allen & Overy has advised Singapore Telecommunications (Singtel) on the A$1.9 billion ($1.4 billion) sale of stake in its Australian Tower Network (ATN) to Australia’s superannuation fund AustralianSuper, which was represented by Allens.
K&S, Skadden lead on $1.6 bln Japan-Philippines power deal
BY Aparna Sai |King & Spalding and SyCip Salazar Hernandez & Gatmaitan have advised Japan’s Jera on its $1.58 billion acquisition of stake in Philippines’ Aboitiz Power from its parent company Aboitiz Equity Ventures (AEV), which was represented by Skadden Arps, Slate, Meagher & Flom and Cruz Marcelo & Tenefrancia.
STB, S&C, Nishimura advise on $8 bln MUFG-U.S. Bancorp deal
BY Mari Iwata |Sullivan & Cromwell has represented Japan’s Mitsubishi UFJ Financial Group (MUFG) on its $8 billion sale of MUFG Union Bank (MUB) to U.S. Bancorp, which was counselled by Simpson Thacher & Bartlett.
White & Case, Freshies act on $6 bln Indonesian telecom merger
BY Aparna Sai |White & Case has advised Qatar's Ooredoo on its $6 billion agreement to merge its Indonesian telecom unit with that of Hong Kong's CK Hutchison, which was represented by Freshfields Bruckhaus Deringer.
India: JSA, Goodwin, Khaitan, Trilegal act on $450 mln funding round of car platform
BY Aparna Sai |J Sagar Associates (JSA) has advised Indian used-vehicle platform Cars24 on its $450 million Series F funding round, with Goodwin Procter, Khaitan & Co and Trilegal advising various investors.
K Law, SAM, Veritas act on $730 mln India vaccine deal
BY Aparna Sai |Krishnamurthy & Co (K Law) and Shardul Amarchand Mangaldas have advised biopharmaceutical company Biocon on the $730 million sale of a 15 percent stake in subsidiary Biocon Biologics to Serum Institute of India (SII), which was represented by Veritas Legal.
Skadden, Kirkland act on $1.7 bln HK biotech SPAC deal
BY Aparna Sai |Skadden, Arps, Slate, Meagher & Flom has advised Hong Kong biotech startup Prenetics on its planned $459 million Nasdaq listing via a merger with special purpose acquisition company (SPAC) Artisan Acquisition, which was represented by Kirkland & Ellis.
HBT, Umbra advise on $434 mln Indonesia telecom tower deal
BY Aparna Sai |Hiswara Bunjamin & Tandjung (HBT), Herbert Smith Freehills’ Indonesia associate firm, has counselled cellular operator Telkomsel on its $434 million sale and leaseback of 4,000 telecom towers to mobile company Mitratel, which was advised by local firm Umbra.
India: CAM, S&R, Sidley advise on housing finance firm’s $378 mln IPO
BY Aparna Sai |Cyril Amarchand Mangaldas (CAM) has advised home loan company Aptus Value Housing Finance India on its 27.8-billion-rupee ($378 million) IPO, with S&R Associates and Sidley Austin counselling the book-running lead managers.