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.

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.

Leading international law firm Milbank, Tweed, Hadley & McCloy advised Nord Anglia Education (UK) Holdings plc on its side-by-side US$325 million offering of senior secured high yield notes and entry into a new “super senior” revolving credit facility. Underwriters for the transaction were Goldman Sachs and Barclays.