Inchcape plc’s China Retail Business Disposal

Herbert Smith Freehills Kewei has advised London-listed automotive distributor Inchcape plc on the disposal of its China retail business. Inchcape sold car dealerships in Shaoxing, Nanchang and Jiujiang to Hong Kong-listed China Yongda Automobiles Services in order to refocus on its distribution business in Asia. Kewei Law Firm international partner Gavin Guo led the team […]

Ontario Teachers’ Pension Plan’s investment in The National Investment and Infrastructure Fund (NIIF) of India

Debevoise & Plimpton LLP is advising Ontario Teachers’ Pension Plan in its investment in The National Investment and Infrastructure Fund (NIIF) of India. Ontario Teachers’, Canada’s largest single-profession pension plan, has signed an agreement for investments of up to $1 billion with the NIIF Master Fund. Ontario Teachers’, which had CAD$191.1 billion in net assets […]

Innovent Biologics, Inc.’s Top-Up Placing of Shares

Davis Polk advised the placing agents for the top-up placement of up to 97,000,000 shares in Innovent Biologics, Inc. for a total consideration of approximately HK$2.4 billion and an Initial Public offering for approximately HK$3.15 billion. Innovent Biologics, Inc. is a China-based biopharmaceutical company that develops and commercializes high quality innovative drugs that are affordable […]

Baidu’s Secondary Offering of Ctrip’s ADSs

Davis Polk advised Baidu Holdings Limited as the selling shareholder in an SEC-registered offering of 36,000,000 American depositary shares, each representing 0.125 ordinary shares of Ctrip.com International, Ltd. for a total net proceeds of approximately $988 million. Baidu is the leading Chinese language internet search provider and aims to make a complex world simpler through […]

Axis Bank’s $1.77 Billion Qualified Institutions Placement of Shares

Latham & Watkins LLP advised Axis Bank on the offering. Axis Bank Limited, one of India’s largest private sector banks, closed a US$1.77 billion Qualified Institutions Placement (“QIP”) to raise funds to enhance its capital adequacy, in accordance with the regulatory requirements, for its growth strategy and for general corporate purposes. The offering was oversubscribed […]

China Yongda Automobiles Services Holdings Limited’s $117.51 Million Acquisition of Inchcape Asia Pacific Limited

Davis Polk advised China Yongda Automobiles Services Holdings Limited in connection with its proposed acquisition of the entire issued shares of Inchcape Asia Pacific Limited from a wholly owned subsidiary of Inchcape Plc. The consideration of the acquisition is the GBP equivalent of RMB830 million in cash (approximately US$116 million), subject to customary adjustments at […]

Rockwell Automation’s Acquisition of MESTECH Services

Khaitan & Co advised Rockwell Automation on the deal Rockwell Automation has acquired MESTECH Services, a global provider of Manufacturing Execution Systems / Manufacturing Operations Management, digital solutions consulting, and systems integration services. MESTECH is a Rockwell Automation Recognized Systems Integrator with extensive experience applying Rockwell’s software-based solutions within the manufacturing technology space. The company […]

Mahindra’s Acquisition of Ford India Private Limited automobile business

Khaitan & Co advised Mahindra & Mahindra Ltd. on the deal Ford Motor Co. will cede control of most of its India operations to Mahindra and Mahindra Ltd (M&M), underscoring the US company’s long-drawn struggles to make a bigger dent in the world’s fourth-largest automobile market. Ford will transfer its entire business in India, barring […]

Paras Healthcare’s $36 Million Acquisition of Fortis J K Hospital

Khaitan & Co advised Paras Healthcare Private Limited on the deal Paras Healthcare has acquired Fortis J K Hospital, Udaipur with an objective of offering extended secondary and tertiary care services to the large underserved population of Udaipur and adjoining areas. Paras Healthcare plans to spend Rs 100 crore in upgrading the hospital which will […]

Reliance Capital Ltd’s Sale of its 21.54% stake in Reliance Nippon Life Asset Management Ltd

Khaitan & Co advised Nippon Life Insurance Company (Nippon) in relation to acquisition of 75% of the share capital of Reliance Nippon Life Asset Management Limited (RNAM). Reliance Capital Ltd executed the sale of its 21.54% stake in Reliance Nippon Life Asset Management Ltd to Nippon Life Insurance of Japan for $430 million. Reliance Capital […]