Varian’s AU$1.58bn acquisition of Sirtex

J.P. Morgan Securities LLC is acting as financial advisor and Norton Rose Fulbright is acting as legal counsel to Varian. Varian Medical Systems (NYSE: VAR) today announced it has signed an agreement to acquire all the outstanding shares of Sirtex Medical Limited (ASX: SRX) (“Sirtex”), an Australia-based global life sciences company focused on interventional oncology […]

Westpac Banking Corporation’s A$750 million Additional Tier 1 Notes offering

Herbert Smith Freehills has advised the joint lead managers of Westpac Banking Corporation’s offer of new Additional Tier 1 capital securities known as Westpac Capital Notes 5 (Notes), which will seek to raise up to A$750 million, with the ability to raise more or less (Offer). Westpac also announced a reinvestment offer under which eligible […]

Sumitomo Mitsui Financial Group’s $2.75 Billion Senior Notes Offering

Simpson Thacher recently represented the underwriters in the SEC-registered offering by Sumitomo Mitsui Financial Group, Inc. (“SMFG”) of $2.75 billion aggregate principal amount of its senior notes in three tranches due 2023 (floating rate), 2023 and 2028 (fixed rate). SMFG intends the senior notes to contribute to its total loss-absorbing capacity (TLAC) when TLAC requirements […]

Rocket Internet’s acquisition of Australian corporate catering service provider Order-In Pty Ltd.

Clifford Chance has advised the shareholders of Australian corporate catering service provider Order-In on its sale to buyers controlled by global venture capital entity Rocket Internet. Rocket Internet, listed on the Frankfurt Stock Exchange, invests in proven internet companies, such as Delivery Hero, Hello Fresh and the Global Online Takeaway Group. Order-In was launched in […]

Affinity Equity Partners’s US$520 million acquisition of Trimco from Partners Group

Freshfields Bruckhaus Deringer has advised CNC Investment Limited, an entity controlled by funds managed by Affinity Equity Partners, on its leveraged auction acquisition of 100 per cent of Trimco International Holdings Limited (‘Trimco’), a Hong Kong-headquartered apparel-labelling producer from Partners Group, for US$520m. Founded in Hong Kong in 1978, Trimco provides a full range of […]

PT Wijaya Karya (Persero) Tbk’s S$400 million rupiah-denominated bonds offering

Herbert Smith Freehills and Hiswara Bunjamin & Tandjung (HBT) have advised Indonesia state-owned engineering and construction firm PT Wijaya Karya (Persero) Tbk (WIKA) on its issue of approximately US$400 million rupiah-denominated bonds. This is the largest and second ever IDR-denominated ‘komodo bond’ issued to date. The bonds are due in 2021, have a coupon rate […]

Jinding Australia’s acquisition of a 29 hectare development in Junction Village, near Melbourne

Herbert Smith Freehills has advised Chinese-based Melbourne property developer Jinding Australia on the acquisition of a 29 hectare development in Junction Village adjoining Cranbourne in Melbourne’s south-east, which has a permit for 311 land and housing allotments. Jinding Australia specialises in Australian property services for buyers and property partners. They focus on Australian property development, […]

Shanghai Pharmaceuticals Holding Co. Ltd.’s US$402m H-share placement in Hong Kong

Freshfields Bruckhaus Deringer has advised Shanghai Pharmaceuticals Holding Co. Ltd. (‘Shanghai Pharma’) on its placement of approximately 153m new H-shares on the Hong Kong Stock Exchange. The placing shares represent around 5.7 per cent of the total existing issued share capital. Shanghai Pharma plans to use the proceeds of the placement to fund the development […]

Blackstone’s $17 Billion Acquisition of 55% stake in Thomson Reuters’ F&R Business

Norton Rose Fulbright has advised Thomson Reuters Founders Share Company on the deal Thomson Reuters (TSX/NYSE: TRI) today announced that it has signed a definitive agreement to enter into a strategic partnership with Blackstone. As part of the transaction, Thomson Reuters will sell a 55% majority stake in its F&R business to private equity funds […]

Healthwise’s China Licensing Agreement with Tencent

Ropes & Gray represented Healthwise, a major U.S. and Canadian health content and education provider, in a licensing agreement with leading China internet company Tencent. Under the agreement, Healthwise content will be offered for the first time in China. People in China will now have easy access to evidence-based, consumer-friendly information on thousands of health […]