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 […]

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 […]

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 […]

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 […]

ALBA Group Asia Limited’s Joint Venture With Baguio Waste Management & Recycling Limited And Swire Coca-Cola Limited

King & Wood Mallesons advised ALBA Group Asia Limited, part of the ALBA Group, on its joint venture with Baguio Waste Management & Recycling Limited and Swire Coca-Cola Limited to establish a new recycling facility for plastic waste in Hong Kong. The plant will be operated by the joint venture “New Life Plastics Ltd.”. Upon […]

Pemba Capital Partners’ Sale Of Placard To ASSA ABLOY

Clifford Chance has advised Australian private equity firm Pemba Capital Partners on the sale of secure ID and transaction cards company Placard to Swedish corporate ASSA ABLOY. Pemba invested in Placard in 2012 and helped it grow to become Australia’s largest manufacturer of secure cards. Under Pemba’s ownership, Placard expanded its operations in New Zealand […]