Reed Smith Beefs Up its Texas Insurance Recovery Presence

Reed Smith LLP today announced the addition of Stephen Moll and Jim Cooper as partners in its Insurance Recovery Group. The two will join the firm’s Houston office from Gardere Wynne Sewell LLP in Houston, where they co-led that firm’s Policyholder Insurance Coverage Group for more than 15 years.

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Daniel Yeh Joins Ropes & Gray as Private Equity Partner in Hong Kong

Preeminent global law firm Ropes & Gray today announced that Daniel Yeh has joined the firm’s private equity practice as a partner, resident in the Hong Kong office.

Mr. Yeh’s practice is focused on private equity transactions, including growth equity investments, cross-border M&A, public and private acquisitions and divestitures, leveraged buyouts, going-private transactions, and joint ventures. He has represented many prominent institutional investors in Asia and has worked extensively on China-related deals. He has also advised clients in transactions across Korea, Australia, Southeast Asia, Europe and the United States.

“Daniel’s pan-Asia experience, with a particular focus on deals in China, makes him a true asset to the firm and to our clients in the region,” said Paul Boltz, managing partner of Ropes & Gray’s Hong Kong office. “We’ve built one of the largest and most experienced private equity teams in Asia, and his addition further strengthens our ability to advise on a broad range of transactions for sophisticated investors across the region.”

Mr. Yeh joins Ropes & Gray from Weil, Gotshal & Manges in Hong Kong. He received his B.A. from the University of Illinois and his J.D. from Northwestern University School of Law.

Mr. Yeh is the third partner to join Ropes & Gray in Hong Kong in 2015. In February, Andrew Dale joined the firm’s business & securities litigation practice, and in January, Ed Sheremeta joined the firm’s real estate investments & transactions practice.
“I am delighted to join Ropes & Gray and a team of private equity attorneys who are committed to delivering the best legal advice and quality service to clients time and again,” said Mr. Yeh. “I look forward to working with the firm as it continues to serve the growing needs of clients across Asia.”

Milbank Acts on Two Philippine Perpetual Capital Securities Offerings

The international law firm Milbank, Tweed, Hadley & McCloy LLP recently advised on two significant international capital markets transactions in the Philippines involving International Container Terminal Services, Inc. (ICTSI) and SMC Global Power Holdings Corp. (SMC Global Power). The two transactions, both completed in August, raised a total of US$750 million, signifying the country’s continuing strong position in the global capital markets despite recent challenging market conditions.

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Firm Represents Underwriters in HTSC’s US$5 Billion Hong Kong IPO

The Hong Kong office of the Firm represented the underwriters in the initial public offering in Hong Kong and Rule 144A/Regulation S offering by HTSC, a joint stock limited liability company established in the PRC under the Chinese corporate name 华泰证券股份有限公司 and carrying on business in Hong Kong as HTSC (“HTSC”). HTSC offered and sold an aggregate of 1,562,768,800 H shares after exercise of the over-allotment option, which raised approximately HK$38.8 billion (US$5 billion) in gross proceeds. The H shares of HTSC are listed on the Hong Kong Stock Exchange. Huatai Financial Holdings (Hong Kong) Limited, J.P. Morgan and UBS acted as joint sponsors; Huatai Financial Holdings (Hong Kong) Limited, J.P. Morgan, UBS, ICBCI, BNP Paribas and CMS acted as jointed global coordinators, joint bookrunners and joint lead managers; and Credit Suisse, Morgan Stanley, Goldman Sachs, Citigroup, Deutsche Bank, Nomura, ABCI, CCBI, GF Securities and Industrial Securities acted as joint bookrunners and joint lead managers. This is the largest IPO globally this year to date.

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Bluestar Issues US$1 Billion Senior Guaranteed Notes

Paul Hastings LLP, a leading global law firm, announced today that the firm represented China National Bluestar (Group) Co, Ltd. (“Bluestar”) in the issuance by Bluestar Finance Holdings Limited of its US$500 million 3.5% Senior Guaranteed Notes due 2018 and its US$500 million 4.375% Senior Guaranteed Notes due 2020 guaranteed by Bluestar. The Notes are listed on the Hong Kong Stock Exchange.

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Deacons advises JAC Capital on the US $1.8 billion acquisition of NXP Semiconductors’ power amplifier business

Deacons recently advised JAC Capital, a subsidiary of JIC Capital – a Chinese state-owned investment company, on a US $1.8 billion acquisition of NXP Semiconductors’ power amplifier business. To date, the transaction is one of the largest outbound technology deals of 2015.

NXP Semiconductors’ business is primarily focused on supplying the mobile communications base station market, but has potential future growth applications in the areas of industrial lighting, next generation cooking and automotive electronic ignition systems.

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