China National Agrochemical Corporation’s Acquisition of 40% stake in Tel Aviv-based Adama Agricultural Solutions Ltd.

Simpson Thacher represented China National Agrochemical Corporation (“CNAC”), a wholly owned subsidiary of ChemChina, in connection with its acquisition of 40% stake in Tel Aviv-based Adama Agricultural Solutions Ltd. (“Adama”), one of the world’s leading crop protection companies, from Koor Industries Ltd. (“Koor”). The consideration for Koor’s 40% stake consists of $230 million in cash […]

TTM Technologies, Inc.’s $152 Million Secondary Offering of Common Stock

Davis Polk advised Su Sih (BVI) Limited as the selling stockholder in connection with an SEC-registered secondary offering of 13,800,000 shares of TTM Technologies, Inc.’s common stock. The total net proceeds to the selling stockholder from the offering were approximately $152 million. TTM Technologies is a leading global printed circuit board, or PCB, manufacturer, focusing […]

CDH Investments’ $800 million placing of shares in WH Group

Paul Hastings represented Chinese private equity investor CDH Investments (“CDH”) in its US$800 million (HK$6.25 billion) placing of shares in WH Group, the world’s largest pork producer and processor. Morgan Stanley acted as the placing agent. The Paul Hastings team was led by Raymond Li (Picture), partner and Chair of Greater China, and partner Vivian […]

Going-Private Transaction of KongZhong

Davis Polk is advising the buyer group consisting of Mr. Leilei Wang, Gongqingcheng Wujiang Xingyao Investment Management Partnership (Limited Partnership), Hexie Chengzhang Phase II (Yiwu) Investment Center (Limited Partnership) and some of their affiliates in connection with the going-private transaction of KongZhong Corporation. Mr. Leilei Wang is the chairman and chief executive officer of KongZhong. […]

Sumitomo Mitsui Trust Bank’s $1 Billion Senior Notes Offering

Davis Polk advised Sumitomo Mitsui Trust Bank, Limited on a Rule 144A/Regulation S offering of senior notes, which consisted of $500 million aggregate principal amount of senior floating-rate notes due 2019 and $500 million aggregate principal amount of 2.05% senior notes due 2019. The notes are listed on the Singapore Exchange Securities Trading Limited. Sumitomo […]

Steel Dynamics, Inc.’s $400 Million Senior Notes Offering and Related Tender Offer

Shearman & Sterling represented Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, Goldman, Sachs & Co. and Morgan Stanley & Co. LLC as joint book-running managers, and Fifth Third Securities, Inc., PNC Capital Markets LLC, SunTrust Robinson Humphrey, Inc. and Wells Fargo Securities, LLC as co-managers, in connection with a Rule 144A/Regulation […]

Origin Agritech Limited’s Sale of Commercial Seed Production and Distribution Business

Davis Polk is advising the special committee of the board of directors of Origin Agritech Limited in connection with the sale of its commercial corn seed production and distribution assets located in the PRC to Beijing Shihui Agricultural Development Co., Limited, a company controlled by the brother of the chairman of Origin’s board of directors. […]

JHL Biotech Inc.’s strategic alliance with Sanofi for the development and commercialization of biosimilar therapies in China

A Ropes & Gray cross-practice and cross-office team advised JHL Biotech Inc. on a landmark strategic alliance with global healthcare leader Sanofi, which involves the development and commercialization of biosimilar therapies in China using JHL’s development and manufacturing facilities in Taiwan and China, and Sanofi’s commercial sales platform in China. The transaction, valued at $337 […]

Basic Energy Services’ Pre-packaged Chapter 11 Bankruptcy Filing

Davis Polk is advising certain funds affiliated with Goldman Sachs Merchant Banking Division and Riverstone Holdings, LLC, as term loan lenders under both a prepetition $165 million secured term loan and a $90 million secured superpriority debtor-in-possession facility in the pre-packaged chapter 11 restructuring of Basic Energy Services, Inc. and certain of its subsidiaries (collectively, […]

The Export-Import Bank of Korea’s $2.5 Billion Notes Offering

Davis Polk advised the underwriters in connection with the SEC-registered Schedule B debt offerings by KEXIM of $750 million aggregate principal amount of its floating-rate notes due 2019, $750 million aggregate principal amount of its 1.500% notes due 2019, $300 million aggregate principal amount of its 1.875% notes due 2021 and $700 million aggregate principal […]