Kirkland & Ellis Represents Consortium in Going-Private of 7 Days Group Holdings Limited

Kirkland & Ellis represents a consortium comprising affiliates of Carlyle Asia Partners III, L.P., Sequoia Capital China Growth 2010 Fund, L.P. and Actis LLP as well as certain management shareholders in Keystone Lodging Company Limited’s agreement to acquire 7 Days Group Holdings Limited (NYSE: SVN). The transaction contemplated under the merger agreement, announced on February 28, 2013, implies an equity value for 7 Days Group of approximately $688 million. 7 Days Group is a leading economy hotel chain based in China. The merger is expected to close in the second half of 2013, and if completed, will result in 7 Days Group becoming a privately held company and no longer listed on the NYSE.

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Clifford Chance Advises on Hainan Airlines’ US$500 Bond Issuance

Hong Kong: Leading international law firm Clifford Chance has advised BOC International, Deutsche Bank, and JP Morgan as joint lead managers on the issue by Hainan Airlines (Hong Kong) Co. Ltd. of US$500 million 3.625% notes due in 2020. The bonds were backed by a RMB denominated standby letter of credit from the Bank of China, one of the few bond deals with this type of credit enhancement.

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Freshfields Advises Shanghai Industrial Holdings on Its HK$3.9bn Bond Offering

International law firm Freshfields Bruckhaus Deringer advised Hong Kong-listed Shanghai Industrial Holdings Ltd. (“SIHL”), a conglomerate whose core businesses include infrastructure facilities, real estate and consumer products, on its issuance of HK$3.9bn Zero Coupon Guaranteed Convertible Bonds due 2018. The bonds, issued through a wholly owned subsidiary of SIHL, are guaranteed by SIHL and are convertible into shares of SIHL.

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Kirkland & Ellis Leads Going-Private of China’s WSP Holdings Limited

Kirkland & Ellis represents the Special Committee of the board of directors of WSP Holdings Limited (NYSE: WH) in its merger agreement announced on February 21, 2013, with WSP OCTG GROUP Ltd., a company owned by H.D.S. Investments LLC. The transaction contemplated under the merger agreement represents a total transaction value of approximately $893.6 million, including the assumption of the outstanding debt of WSP Holdings Limited.

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Mayer Brown JSM Advises Fincantieri on the US$1.2 Billion Acquisition of Singapore-listed STX OSV

Mayer Brown JSM is acting as lead international counsel to Italian shipbuilder Fincantieri, the world’s largest builder of cruise ships and a major player in the naval industry, on its acquisition of a 50.75 percent stake in Singapore-listed STX OSV. The total value of the transaction, including the acquisition and the mandatory cash offer to be made in compliance with the rules of the Singapore Code on Take-overs and Mergers, will amount to approximately US$1.2 billion (€900 million).

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