Weekly Deals Roundup: Healthy mix of capital raisings and M&A confirmed in November’s second week

The week features capital raisings and acquisitions in the infrastructure, telecommunications, resources, automotive and real estate sectors.

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
 

Recent articles & video

US law firm settles copyright lawsuit over alleged court filing plagiarism

Employment rates for law graduates reach decade high: American Bar Association

US senate approves reauthorization of surveillance program amidst privacy concerns

French skincare giant L'Occitane wins legal battle in the US against mass arbitration claims

Thomson Geer confirms role in Bruce Lehrmann defamation suit

New partners join PCL Lawyers in Sydney

Most Read Articles

Top young stars of Australia's legal profession for 2024 unveiled

Promotions round beefs up Clyde & Co's Australia partnership

Allens welcomes five new partners

Tech and IP stars join up with Allen & Overy