Monthly Archives: January 2012

Davis Polk – China Communications Services Corporation Limited Rights Offering

Thursday, January 19, 2012
Davis Polk advised CITIC Securities Corporate Finance (HK) Limited (CITIC) on the $473.2 million rights offering of China Communications Services Corporation Limited. The rights offering consisted of a public offering of H shares (shares listed on the Hong Kong Stock Exchange) and a public offering of domestic shares (unlisted shares) in the PRC. CITIC was the sole bookrunner and underwriter of the rights offering.

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Tags:  Davis Polk & Wardwell LLP | Hong Kong

King & Spalding Advises NBK Capital in USD140 Million

Thursday, January 19, 2012
King & Spalding and its affiliated office in Riyadh, the Law Office of Mohammad Al-Ammar, advised NBK Capital on the successful exit of Jeddah-based Hanco, a leading fleet leasing and rental company in Saudi Arabia, in a deal valuing Hanco at USD140 million. The sale generated a return in excess of two times the initial investment for NBK Capital Equity Partners Fund I, an NBK Capital private equity fund focused on providing growth capital to companies in the Middle East and North Africa region.

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Tags:  King & Spalding LLP

McKenna Long & Aldridge LLP to Combine with Luce, Forward, Hamilton & Scripps LLP

Wednesday, January 18, 2012
The international law firm of McKenna Long & Aldridge LLP (MLA) and the California-based law firm of Luce, Forward, Hamilton & Scripps LLP (Luce Forward) have set a target merger date of March 1, 2012, following a recent vote by the firms’ partners. This combination will enhance the legal services provided to clients in litigation, real estate, insurance, government contracts, government affairs and corporate law. The merger will also strengthen MLA’s California foothold and increase Luce Forward’s national and international presence.

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Tags:  Los Angeles