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. […]

Kyushu Railway Company’s $3.9 Billion Initial Public Offering

Simpson Thacher recently represented Kyushu Railway Company (“JR Kyushu”), as issuer, and Japan Railway Construction, Transport and Technology Agency, as selling shareholder, in connection with JR Kyushu’s ¥416 billion (US$3.9 billion) initial public offering on the Tokyo Stock Exchange, including an international offering to institutional investors in reliance on Rule 144A and Regulation S. JR […]

Zhou Hei Ya International Holdings’ $321.8 Million Hong Kong Initial Public Offering

Simpson Thacher represented Zhou Hei Ya International Holdings Company Limited (“Zhou Hei Ya”) in connection with its initial public offering in Hong Kong and Rule 144A/Regulation S offering of an aggregate of 424,470,000 shares (prior to any exercise of the overallotment option), which raised approximately HK$2,495.9 million (US$321.8 million) in gross proceeds. The ordinary shares […]

Kohlberg Kravis & Roberts & Co. L.P.’s Acquisition of a 22% interest in Panasonic Healthcare Holdings Co., Ltd.

Simpson Thacher is representing Kohlberg Kravis & Roberts & Co. L.P. in connection with the announced acquisition by Mitsui & Co., Ltd. (“Mitsui”) of a 22% interest in Panasonic Healthcare Holdings Co., Ltd. (“PHCHD”) for approximately 54.1 billion yen (approximately $510 million). KKR will retain a majority stake in PHCHD following the closing of the […]

KKR’s $4.5 Billion Tender Offer for Shares of Japan’s Calsonic Kansei

Simpson Thacher is representing Kohlberg Kravis Roberts & Co. L.P. in connection with the planned tender offer by KKR’s affiliate, CK Holdings Co., Ltd., to obtain up to 100% of the issued and outstanding common stock of Calsonic Kansei Corporation In connection with the tender offer, KKR has entered into a tender agreement with Nissan […]

KKR’s $190 Million investment in Beijing Capital Juda Limited

Simpson Thacher has advised KKR in connection with its investment in Beijing Capital Juda Limited (“Capital Juda”), a leading retail outlets developer and operator in China (HKEx: 1329). Sino-Ocean Group Holding Limited (HKEx: 3377) (“Sino-Ocean”), a leading Chinese property developer, will be making an investment in Capital Juda alongside KKR. Subject to customary closing conditions, […]

Doosan Bobcat’s $783 Million Initial Public Offering

Simpson Thacher represented Doosan Bobcat Inc. (“Doosan Bobcat”) in connection with the initial public offering of 30,028,180 shares of its common stock. The offering raised Won 901 billion (approximately US$783 million) in gross proceeds for the selling stockholders, which consisted of a group of Korean financial investors. The common shares of Doosan Bobcat were listed […]

Sumitomo Mitsui Financial Group, Inc.’s $3.5 Billion SEC-Registered Notes Offering

Davis Polk advised Sumitomo Mitsui Financial Group, Inc. (SMFG) on its SEC-registered takedown offering of senior TLAC notes, which consisted of $1.5 billion aggregate principal amount of 2.442% senior notes due 2021, $1.5 billion aggregate principal amount of 3.010% senior notes due 2026 and $500 million aggregate principal amount of floating-rate senior notes due 2021. […]

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 […]

Sumitomo Mitsui Banking Corporation’s $1 Billion Notes Offering

Davis Polk advised Sumitomo Mitsui Banking Corporation (SMBC) in connection with a global medium-term note program update and a benchmark takedown, which consisted of $500 million aggregate principal amount of 1.762% senior notes due 2018 and $500 million aggregate principal amount of senior floating-rate notes due 2018, each guaranteed by SMBC’s New York branch. SMBC […]