Goodwin Procter advised long-term client TA Associates, a leading global growth private equity firm, on its recently completed buyout of SpeedCast Ltd., a global network and satellite communications service provider, from Asia Satellite Telecommunications Co. Ltd.

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Global law firm White & Case LLP has advised the eight banks underwriting a US$1 billion bank facility to Alibaba Group Holding, China’s biggest e-commerce company, as part of a US$5.7 billion financing package to fund the repurchase of half of Yahoo’s 40% stake in the company. The banks include Australia and New Zealand Banking Group Limited, Barclays Bank PLC, Citigroup Global Markets Asia Limited, Credit Suisse AG, Singapore Branch, DBS Bank Ltd., Deutsche Bank AG, Singapore Branch, Mizuho Corporate Bank, Ltd. and Morgan Stanley Asia Limited.

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International law firm Freshfields Bruckhaus Deringer has advised Alibaba Group, the largest e-commerce company in China, on the financing of a major repurchase of shares from Yahoo! and on the restructuring of its relationship with Yahoo! in transactions valued at approximately US$7.6 billion.

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Mayer Brown JSM today announced that it has advised Trade and Development Bank of Mongolia LLC (TDB) on its recent issuance of US$300 million senior notes due 2015.

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Goodwin Procter advised client DST Global on its recent follow-on investment in the Alibaba Group to help finance Alibaba’s repurchase of shares from Yahoo! and restructure its relationship with the Silicon Valley company.  The $7.6 billion raised by Alibaba was the largest ever private financing for a private sector Chinese company and the largest non-LBO financing for a technology company globally.  The new equity financing for Alibaba was completed at a valuation of approximately $40 billion. More >>

Davis Polk advised Credit Suisse Securities (USA) LLC, The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan Securities LLC, KDB Asia Limited, Morgan Stanley & Co. International plc and The Royal Bank of Scotland plc as underwriters in connection with a Schedule B debt offering by The Korea Development Bank of $750 million in aggregate principal amount of its 3% notes due 2022.

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International law firm Simmons & Simmons has advised ONGC Videsh Ltd on the acquisition of a 2.72 percent interest in the Azeri, Chirag and Guneshli Fields (ACG) in Azerbaijan, one of the largest oil producing fields in the world, and a 2.36 percent interest in the associated BTC pipeline.

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Davis Polk advised Ayala Corporation and Ayala Land, Inc. in connection with a Rule 144A/Regulation S offering by Ayala Corporation of 680,000,000 common shares of Ayala Land, Inc. for gross proceeds of approximately PHP13.6 billion. Goldman Sachs (Singapore) Pte., J.P. Morgan Securities plc and UBS AG acted as placement agents in connection with the offering.

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Global law firm Proskauer served as counsel to private-equity fund RRJ Capital Ltd. in its investment in a medical diagnostics company in China. The target makes testing kits for diseases, including hepatitis and cervical and lung cancer, using molecular diagnostics, an area of preventative medicine that Beijing is keen to develop.

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Davis Polk is advising FormFactor, Inc. on its $116.8 million acquisition of Astria Semiconductor Holdings, Inc., the parent company of Micro-Probe Incorporated. Under the terms of the merger agreement, FormFactor will acquire Astria for approximately $100 million in cash and $16.8 million in stock

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