Squire Sanders Continues to Strengthen Presence in Asia

Global legal practice Squire Sanders continues to boost its presence in Asia with the addition of four new partners. Jenny Liu and Xudong Ni have joined the legal practice’s Beijing and Shanghai offices, and Sin Kiu Ng and Kam W. Law have joined the Hong Kong office. The expansion of the China offices comes only weeks after Squire Sanders opened an office in Singapore, demonstrating its commitment to clients operating across the region.

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Tags:  Squire Patton Boggs | Hong Kong

Davis Polk Advises TPG on Its Investment in China Ruifeng

Davis Polk is advising TPG Rave Holdings, L.P. (TPG Rave), an affiliate of TPG, in connection with its investment in China Ruifeng Galaxy Renewable Energy Holdings Limited (China Ruifeng). TPG Rave and Diamond Era Holdings Limited, a substantial shareholder of China Ruifeng, have agreed to respectively subscribe for 8% convertible bonds due 2017 and warrants issued by China Ruifeng with TPG Rave subscribing for an aggregate principal amount of $60 million of bonds and warrants with an exercise value of $15 million. The aggregate proceeds from the transaction will be used to increase China Ruifeng’s indirect holding in Hebei Hongsong Wind Power Co., Ltd. to no less than 51%. The transaction is subject to a number of conditions, including shareholders and regulatory approval.

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Tags:  Davis Polk & Wardwell LLP | Hong Kong

Paul Hastings Advises Tan-Eu Capital on Sotan China Real Estate I, LP’s First Investment

Paul Hastings, a leading global law firm, announced today that it advised Tan-Eu Capital (“Tan-Eu”), the Hong Kong-based private equity real estate firm, with respect to Sotan China Real Estate I, LP’s first investment – the acquisition of a 1 million square foot development site in Wuqing, Tianjin from a local investor. A mixed-use development comprised of retail and residential space is planned for the site.

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Tags:  Paul Hastings, LLP | Hong Kong

Clifford Chance Advises Partners Group on Leveraged Management Buyout of Trimco International

Leading international law firm Clifford Chance has advised global private markets investment manager Partners Group on the acquisition of Trimco International Holdings Limited, a global provider of garment label solutions to the garment manufacturing industry, on behalf of its clients. The acquisition, which was completed on 25 April, was structured as a leveraged buyout with the founder and senior management team of Trimco reinvesting a significant portion of their sale proceeds into the new company. Concurrently with the transaction, Trimco was negotiating a bolt-on acquisition of a UK-based international label solution provider, which completed shortly after the principal transaction closed and was funded as part of that transaction.

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Tags:  Clifford Chance LLP | Hong Kong

Paul Hastings Advises Alpha Investment Partners Limited in the HK$1.2 billion disposition of Shama Serviced Apartments Causeway Bay

Paul Hastings, a leading global law firm, announced today that it advised Alpha Investment Partners Limited, a real estate investment advisory firm headquartered in Singapore and managing various real estate funds across Asia, in the completion of the sale of Shama Serviced Apartments Causeway Bay at No.8 Russell Street, Hong Kong by its subsidiary, Pogain Limited, to Panasia International Limited.

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Tags:  Paul Hastings, LLP | Hong Kong