S&C, N&A, STB, AMT act on Japan’s largest IPO since 2018
Nishimura & Asahi and Sullivan & Cromwell are advising Rakuten Bank on its planned 106.8-billion-yen ($807 million) initial public offering on the Tokyo Stock Exchange’s prime market, with Simpson Thacher & Bartlett and Anderson Mori & Tomostune acting for the underwriters.
Sullivan, Covington, Milbank on $505 mln sale of ABB power conversion unit
Milbank has advised Swedish-Swiss multinational corporation ABB on the $505 million sale of its U.S.-based power conversion business to Taiwan’s AcBel Polytech, which was represented by Sullivan & Cromwell and Covington & Burling.
S&C, Skadden lead on $1.7 bln Japan-Switzerland pharma deal
Sullivan & Cromwell has advised Japan's Sumitomo Pharma and its subsidiary Sumitovant on the $1.7 billion purchase of the remaining shares of Swiss pharmaceutical company Myovant Sciences, which was represented by Skadden, Arps, Slate, Meagher & Flom.
S&C, Freshies lead on Chinese EV maker’s planned HK dual primary listing
Sullivan & Cromwell and Fangda Partners are advising Chinese smart electric vehicle maker Xpeng on its planned dual primary listing in Hong Kong, with Freshfields Bruckhaus Deringer and JunHe advising the joint sponsors. The listing is expected to raise nearly $2 billion.
BKL, S&C, Kim & Chang act on $4 bln food delivery app deal
Bae, Kim & Lee and WongPartnership have represented German online delivery company Delivery Hero SE on its $4 billion acquisition of Woowa Brothers, owner of South Korea’s top food delivery app owner. The seller was counselled by Kim & Chang while Woowa's shareholders were advised by Sullivan & Cromwell.