In a week when we saw Donald Trump elected as the next president of the United States and the All Blacks suffer their first defeat at the hands of an outstanding Irish national rugby team, we also saw a healthy mix of capital raising and acquisitions in various sectors confirmed.
Law firms across Australia and the greater Asia region were kept busy in the past few months by deals in the infrastructure, telecommunications, resources, automotive and real estate sectors.
The largest deal confirmed this week in terms of value is the establishment of a European investment fund that’s part of china’s development of the
One Belt One Road project.
Clifford Chance advised the Industrial and Commercial Bank of China in the establishment of the fund expected to reach €10 billion (about $14.4 billion).
Meanwhile, at both $1.6 billion in value are the dual-track IPO and trade sale process of Arrium Limited’s mining consumables business Moly-Cop and the acquisition of Wharf T&T by MBK Partners and TPG Capital from Wharf Holdings. Gilbert + Tobin acted for Scott Kershaw, Amrit Bahra and Ryan Rabbitt from KordaMentha in the Moly-Cop deal while Clifford Chance advised MBK and TPG on the Wharf T&T acquisition.
Meanwhile,
Ashurst acted as lead counsel to APG Strategic Real Estate Pool N.V. in the largest single India real estate deal yet. The deal formed a US$450 million (about $586.13 million) joint venture which initially acquired three flagship shopping centres in Bengaluru, Surat and Chennai for its seed portfolio.
Rounding up the top 5 is
DLA Piper which advised the Carlyle Asia Real Estate team on the sale of Central Plaza office tower in Shanghai to V Capital. Though financial terms of the sale were not disclosed by the parties, a report from
China Daily pegs the deal at a value of 2.38 billion yuan (about $457.38 million).
Also included among the 17 transactions we cover this week are deals in the telecommunications, renewable energy, mining, automotive and media and publishing industries.
Click on the links below for more information on each deal:
Clifford Chance acts on establishment of investment fund targeting $14.4b
G+T advises on $1.6b dual-track process
Clifford Chance advises on landmark $1.6b telecommunications acquisition
Ashurst lead counsel in largest single India retail real estate deal
DLA Piper acts on skyscraper sale in Shanghai
Corrs advises on $560m communications acquisition
G+T advises on $400mn capital raising
HSF advises on debt financing for Qld’s largest wind farm
Allens, G+T advise on $295m funding for strategic infrastructure acquisition
Corrs advises $260m coal mine sale
HSF helps raise $160m in IPO
Baker & McKenzie acts on $110m retail property fund IPO
Ashurst advises on $125.55m Italy wind farm project financing
HSF advises Seven West Media on The Sunday Times, PerthNow buy
HSF acts on $85m Elizabeth Quay land sale
KWM advises on major dining and entertainment consolidation
Allens advises on planned buy of six renowned Sydney venues
