Report Second Half 2014
Hong Kong
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40.000
analyzed lawyers
7.000
Law firms
78
jurisdictions
Moreover, our analyst’s team collects client’s qualitative evaluations of the lawyers involves in the transactions which provide a reliable rating of the fee earners. Today our platform analyzes more than 40.000 business lawyers and 7.000 law firms in 78 jurisdictions.
Content 04 Hong Kong market overview 06 Banking, Finance and Investment management 10 Debt Capital Markets 14 Equity Capital Markets 18 Corporate M&A
Methodology Data acquisition Data are acquired and collected trough public information, press releases, websites and public databases. Transactions are then assigned to the jurisdiction in consideration to the partners’ involvement and may be replicated in other jurisdictions. Deal Value The report collects all information on the value of transactions from public sources. When not present, we ask the partner involved to provide a value range. When the value is not public and the value range is not provided the transaction has null value. Dealmakers We consider as the dealmaker for any specific transaction the lawyer that led the team. It is possible that, for specific multi-practice or multijurisdictional transactions, our analysts consider more than one leading partner. The dealmakers chart is organized by aggregated deal value Industry segment For M&A transactions the industry segment in assigned according to the industry to which the target company belongs. For Capital Markets transactions we consider the industry sector of the issuing company. For Banking & Finance transactions we consider the industry sector of the borrower/sponsor.
Hong Kong Second half 2014
H
ong Kong’s economy has grown by 2.4% in the first three quarters of 2014 and is expected to close the year at 2.2%, in other words quite a downturn compared to the 2.9% growth of 2013. Looking beyond the figures, more than anywhere else in the world the “scented port”, as its name means, has provided Chinese companies with an easy and reliable access to global capital markets for bond issues and financing structures of any kind. As a matter of fact Hong Kong is the vital source for China and Chinese companies to gain access to finance, as proved by the $43 billion raised there in IPOs vs. the $25 billion raised mainland. Hong Kong is also the perfect outpost for those foreign companies eager to invest in China: if you mix a stable financial environment with clear and transparent rules of engagement and add capable Courts...well you turn out to be drinking the perfect Investor’s Cocktail. No wonder therefore if all the major international law firms have established offices in Hong Kong since years, and have possibly boosted their reach to almost all practice areas. During the second semester of 2014 we’ve seen some of the most important banking transactions
04
Hong Kong | Second Half 2014 report
such as the $5 billion Financing of MMG’s acquisition of Glencore’s Petrus Las Bambas Copper mine, or WH Group’s $1.5 billion Term Loan Facility. Among the most active firms we shall mention Slaughter and May, Clifford Chance, Ashurst and Paul Hastings, the latter with partner Vivian Lam involved in several deals including the Fianancing of WH Group, and Sino-Ocean Land’s $800 Million Multi-currency Syndicated Loan Facility. Clifford Chance Partner Fang Liu has advised clients in connection to the finance aspect of Khazanah Nasional Berhad’s investment in China Huarong Asset Management Co., Ltd. Extremely active in the sector Dominic Gregory of Ashurst who has advised CT Corpora on a financing for PT Indonusa Telemedia and on ITOCHU Corporation’s acquisition of 20% stake in CITIC Limited for $10.4 billion. The Debt Capital Market segment has seen an impressive number of mega deals such as Kingdom of Thailand’s THB76 billion sovereign bond switch, Alibaba Group’s $8 Billion Senior Unsecured Notes Offering, MTR Corporation’s update of a $4 billion Medium Term Note Programme, New World China Land’s $1.5 billion MTN Programme, Hutchison’s €1.5 Billion notes offering and Republic of Indonesia’s €1 billion bond issue. Simpson Thacher, Davis Polk, Allen & Overy and Paul Hastings result to be the most active firm in
this segment with Clifford Chance, Eversheds, Linklaters, Herbert Smith and Linklaters just behind. Among the busyest lawyers in terms of volumes and number of transactions we can mention Eugene Gregor of Davis Polk, Laurence Rudge of Slaughter & May and Leiming Chen of Simpson Tacher that advised in Alibaba’s multi billion notes offering. As far as Equity Capital Market is concerned, US firms dominated the market during the second half 2014 with Simpson Thacher, Davis Polk, and Paul Hastings advising in practically more than 70% of all transactions.
Leiming Chen of Simpson Tacher has been one of most active lawyers together with Sammy Lee of Paul Hastings. To be noted also the strong activity of Appleby that has advised in several transactions as Cayman or Bermuda counsel. The M&A Sector offers a more complex picture with a number of law firm active in advising on large transactions. Among the most active firms in terms of volumes, Freshfields, White & Case and Simpson Tacher take the lead but several international law firm such as Clifford Chance, Debevoise, Herbert Smith, Mayer Brown, Linklaters and Baker & Mckenzie resulted to be particularly dynamic advising in several mid size transactions.
Hong kong | Second Half 2014 report
05
Hong Kong | Second Half 2014 report
Banking, Finance and Investment management League table
Industry segment
06
Hong Kong | Second Half 2014 report
Dealmaker
Dealmaker Clients advised in the second half of 2014
Fang Liu
Clifford Chance
Laurence Rudge Slaughter and May
Vivian Lam
Paul Hastings
Hong kong | Second Half 2014 report
07
analized Deals Date
Matter
12/29/2014
BAIC Motor Corporation Limited's US$1.42 billion H-share listing on the Hong Kong
12/22/2014
Thai Union Frozen Products Public Company Limited acquires Bumble Bee Seafoods
Deal Value range (€ mln) from 700 up to 800
Stock Exchange from 1000 up to 2000
for $1.51 billion 12/18/2014
CGN Power Co, Ltd's US$3.16 billion listing on the Hong Kong Stock Exchange
from 2000 up to 3000
12/11/2014
RPC Group plc increases its credit facility from £350 million to £490 million
from 100 up to 200
11/27/2014
CT Corpora on a financing for PT Indonusa Telemedia
11/20/2014
£1.35bn financing of Battersea Power Station
11/19/2014
PT Trans Kalla Makassar on financing of integrated shopping and entertainment
from 1000 up to 2000
development 11/18/2014
Financial Group on HK$2.6 billion landmark acquisition in Hong Kong
from 1000 up to 2000
11/17/2014
Battersea Power Station's GBP1.35 billion financing
from 1000 up to 2000
11/10/2014
QuEST Global acquires NeST Software
from 70 up to 80
11/6/2014
COFCO Corporation has successful closed the US$2.8 billion acquisitions of 51% of
from 2000 up to 3000
Noble Agri and 51% of Nidera 10/30/2014
Standard Chartered on annual update of its US$70 billion debt issuance programme
over 10000
10/27/2014
Century Tokyo Leasing Corporation on Aircraft Leasing Joint Ventures with CIT Group
from 1000 up to 2000
10/9/2014
Berkshire Hathaway acquires Van Tuyl Group
10/9/2014
WH Group's US$1.5 Billion Term Loan Facility
from 1000 up to 2000
9/26/2014
Khazanah Nasional Berhad invests in China Huarong Asset Management Co., Ltd.
from 2000 up to 3000
9/19/2014
KKR's investment in Pioneer DJ
from 400 up to 500
9/15/2014
Kia Motors Corporation's $1 billion investment with the Mexican Government
from 700 up to 800
8/25/2014
Brightoil Petroleum (Holdings) Limited US$600 financing
from 500 up to 600
8/18/2014
Financing MMG’s acquisition of Petrus Las Bambas Copper mine from Glencore.
from 5000 up to 6000
8/13/2014
Global Cloud Xchange's US$350 Million High Yield Bond Offering
from 200 up to 300
8/8/2014
Future Land's $350 million High-Yield Bond Offering
from 200 up to 300
7/12/2014
Luye Pharma Group US$760 million IPO on the Hong Kong Stock Exchange
from 500 up to 600
7/10/2014
Deutsche Bank finances the construction of a 32MW solar PV plant in Fukuroda
from 90 up to 100
08
Hong Kong | Second Half 2014 report
Hong kong | Second Half 2014 report
09
Hong Kong | Second Half 2014 report
Debt Capital Markets League table
Industry segment
10
Hong Kong | Second Half 2014 report
Dealmaker
Dealmaker Clients advised in the second half of 2014
Laurence Rudge Slaughter and May
Leiming Chen
Simpson Thacher & Bartlett
Eugene C. Gregor
Davis Polk & Wardwell
Hong kong | Second Half 2014 report
11
analized Deals Date
Matter
2/20/2014
China's largest bank issues USD5.65 billion equivalent 6.00% AT1 preference shares in
Deal Value range (€ mln) from 4000 up to 5000
three currencies 12/18/2014
Hong Kong Aviation Limited RMB800 million dim sum bond offering
from 100 up to 200
12/18/2014
Huaneng Power placing H-Share for HK$3.1 billion
from 300 up to 400
12/16/2014
Yuzhou Properties $250 Million Senior Notes Offering
from 200 up to 300
12/15/2014
Carnival Group International Holdings Limited RMB500,000,000 senior bonds offering
from 60 up to 70
12/10/2014
Korea East-West Power $500 Million Notes Offering
from 300 up to 400
12/10/2014
SK E&S Co. $300 Million Hybrid Securities Offering
from 200 up to 300 from 1000 up to 2000
12/8/2014
Kingdom of Thailand's THB76 billion sovereign bond switch
12/4/2014
Alibaba Group $8 Billion Senior Unsecured Notes Offering
from 6000 up to 7000
12/1/2014
Socialist Republic of Vietnam's US$1 billion 4.8% 10-year bond issuance
from 600 up to 700
11/28/2014
COFCO Land $800 Million Senior Notes Offering
from 600 up to 700
11/27/2014
Wanhua Chemical International Holding Co., Ltd. CNY1 Billion ($162 million) Senior
from 100 up to 200
11/19/2014
MTR Corporation updated its US$4 billion Medium Term Note Programme
from 4000 up to 5000
11/18/2014
JSW Steel Limited's US$500M Bond Offering
from 400 up to 500
11/17/2014
New World China Land establishing of US$1.5 billion MTN Programme and first
from 1000 up to 2000
Notes Offering
issuance of US$900 million under the Programme 11/16/2014
Tata Motors US$750 million bond offering in Singapore
from 600 up to 700
11/15/2014
Indiabulls Real Estate Limited US$175 Million High-Yield Notes Offering
from 100 up to 200
11/10/2014
China Travel Service (Holdings) Hong Kong Limited US$300 Million 3.875% Guaranteed
from 700 up to 800
Notes and US$700 Million 5.625% Guaranteed Notes Offering 11/10/2014
Hutchison issuing note for €1.5bn
from 1000 up to 2000
11/3/2014
DBS Bank Ltd. and Haitong International Securities Company Limited on the first
from 100 up to 200
10/24/2014
Guotai Junan Securities (Hong Kong) Limited, Qilu International Capital Limited,
offshore CNY bond offering under new SAFE regulations from 60 up to 70
Nomura, Haitong International, GF Securities (Hong Kong) Brokerage Limited and Industrial Securities HK were Joint Bookrunners on Dim sum bond 10/24/2014
Guotai Junan Securities (Hong Kong) Limited, Qilu International Capital Limited,
from 100 up to 200
Nomura, Haitong International, GF Securities (Hong Kong) Brokerage Limited and Industrial Securities HK were Joint Bookrunners on Dim sum bond 10/22/2014
ENN Energy Holdings Limited US$400 Million Bonds Offering
from 300 up to 400
10/22/2014
UK’s debut RMB bond paves the way for globalisation of Chinese currency
from 300 up to 400
10/20/2014
MOL Global, Inc. Initial Public Offering and NASDAQ Listing
from 100 up to 200
10/14/2014
Bank of Communications on first Basel III Tier 2 Offshore bond by a Chinese entity
10/14/2014
Euro issuances for Aurizon Network
from 500 up to 600
10/5/2014
Agricultural Bank of China on Dubai’s Landmark Renminbi deal
from 100 up to 200
10/4/2014
Hong Kong’s inaugural sukuk issuance
from 800 up to 900
10/1/2014
SMIC US$500 million bonds issue
from 300 up to 400
9/29/2014
Korea Western Power's US$300 Million Notes Offering
from 200 up to 300
9/26/2014
Honghua Group Limited $200 Million High-Yield Notes Offering
from 100 up to 200
9/19/2014
ICICI Bank Limited's $500 Million Notes Offering
from 300 up to 400
9/16/2014
TAL Education Group's US$200 million convertible senior notes issuance
from 100 up to 200
9/15/2014
Korea Development Bank's $750 million Notes Offering
from 500 up to 600
9/15/2014
US$125 million reopening of High Yield notes for Philippine Property Developer
from 700 up to 800
9/15/2014
West China Cement's US$400 Million High-Yield Bond Offering
from 300 up to 400
9/5/2014
SMIC on US$390 million top-up placing of shares and issue of convertible bonds
from 70 up to 80
8/31/2014
Kolao Holdings' Singapore-dollar Denominated Senior Unsecured Guaranteed Bonds
8/22/2014
China Railway Construction Corporation USD800 Million Bond Issuance
from 600 up to 700
8/20/2014
Linc Energy Ltd.'s US$125 million senior secured Notes offering
from 90 up to 100
8/20/2014
Pacific Andes Resources Development SGD200 million bonds issue
from 100 up to 200
8/20/2014
Ta Chong Bank, Ltd.'s US$350 million 1.0% Convertible Senior Bonds offering
from 200 up to 300
Neo Solar Power Corporation's US$120 Million Principal Amount of Credit Enhanced
from 90 up to 100
8/18/2014
Currency Linked Zero Coupon Convertible Bonds offering 8/18/2014
Shanghai Electric's US$500 Million Guaranteed Bond Offering
from 300 up to 400
8/13/2014
Global Cloud Xchange's US$350 Million High Yield Bond Offering
from 200 up to 300
8/8/2014
Future Land's $350 million High-Yield Bond Offering
from 200 up to 300
8/8/2014
Qihoo 360 Technology Co. Ltd.'s US$900 million convertible bond issuance
from 600 up to 700
8/7/2014
Suzlon group on India’s largest bond restructuring
from 400 up to 500
8/1/2014
Rolta India Ltd's $300 million high yield bond offering
from 200 up to 300
12
Hong Kong | Second Half 2014 report
Deal Value range
Date
Matter
8/1/2014
Sino-Ocean Land's $1.2 Billion Guaranteed Notes Offering
from 800 up to 900
7/18/2014
€1 billion bond issue for Republic of Indonesia
from 1000 up to 2000
BNP Paribas, Citigroup, Deutsche Bank, The Royal Bank of Scotland and Standard
from 1000 up to 2000
7/18/2014
(€ mln)
Chartered Bank on largest ever bond issue under Regulation S from India 7/11/2014
China Yongda Automobiles Services Holdings Limited RMB1 Billion Credit Enhanced
from 100 up to 200
Convertible Bonds Offering 7/11/2014
Zhen Ding Technology Holding Limited's US$300 Million Zero Coupon Convertible Bonds
from 200 up to 300
Hong Kong | Second Half 2014 report
Equity Capital Markets League table
Industry segment
14
Hong Kong | Second Half 2014 report
Dealmaker
Dealmaker Clients advised in the second half of 2014
William Liu Linklaters
Leiming Chen
Simpson Thacher & Bartlett
Stephen Peepels DLA Piper
Hong kong | Second Half 2014 report
15
analized Deals Deal Value range
Date
Matter
12/31/2014
Haitong Securities Co., Ltd. on proposed US$3.9 billion private placement
12/29/2014
BAIC Motor Corporation Limited's US$1.42 billion H-share listing on the Hong Kong
12/23/2014 12/23/2014
PICC P&C issuing rights for US$1.17bn
from 1000 up to 2000
12/23/2014
Xiabuxiabu Catering ManagementHoldings Co., Ltd. $137.7 Million Hong Kong Initial
from 100 up to 200
Deal Value range
Date
Matter
from 2000 up to 3000
8/18/2014
Export-Import Bank of Korea's Notes Offering
from 700 up to 800
8/18/2014
iDreamSky Technology Limited Initial Public Offering and NASDAQ Listing
Stock Exchange
8/18/2014
New China Life Insurance Company Limited' US$93.9 million Placing of H Shares
from 70 up to 80
Central China Real Estate Limited Consent Solicitation
8/18/2014
Umpqua Holdings Corporation $243 Million Block Trade
from 100 up to 200
8/7/2014
Nat-Ace Pharmaceutical Ltd. acquires approximately 52.79% of the entire share capital
(€ mln)
Public Offering and Rule 144A/Regulation S Offering
(€ mln) from 300 up to 400
of Perception Digital Holdings Limited WH Group's US$2.36 Billion Initial pubblic offering
from 1000 up to 2000
12/22/2014
Nirvana Asia $261 million IPO
from 200 up to 300
7/29/2014
Ernest Borel Holdings Limited's HK$198 million initial public offering
from 20 up to 30
12/19/2014
Yangtze Optical Fibre and Cable Joint Stock Limited Company Completes $152.4
from 100 up to 200
7/23/2014
Unitech Enterprises Group Limited acquires 61% of the entire issued share capital of
million Initial Public Offering
Ford Glory Group Holdings Limited
12/18/2014
CGN Power Co, Ltd's US$3.16 billion listing on the Hong Kong Stock Exchange
from 2000 up to 3000
12/17/2014
JD.com Inc. $619 Million Secondary Offering
from 400 up to 500
12/15/2014
CGN Power $3.2 Billion Initial Public Offering
from 2000 up to 3000
12/15/2014
Ping An Insurance’s $4.75 Billion Placement of New H-shares
from 3000 up to 4000
12/14/2014
CITIC and CLSA on the Hong Kong IPO of Q Technology
from 70 up to 80
12/11/2014
China National Building Material Company subscribed for new ordinary shares in China
from 20 up to 30
12/11/2014
Hanergy Group $9 million Haitian Hydropower International' convertible bonds
Glass Holdings Limited from 0 up to 10
subscription 12/10/2014
KSL Holdings Limited aprox. $8 million Initial Public Offering
from 0 up to 10
12/9/2014
Sinopharm Group Company Ltd $709 million new shares offering
from 500 up to 600
12/9/2014
Yan Tat Group Holdings Limited $9.6 Hong Kong Initial Public Offerign
from 0 up to 10
12/4/2014
Ping An Insurance $4.75 billion H share placing
from 3000 up to 4000
12/1/2014
EGL Holdings Company Limited $22 million Hong Kong Initial Public Offering
from 10 up to 20
12/1/2014
LDK Solar's $700 million Multi-Jurisdictional Restructuring
from 400 up to 500 from 100 up to 200
11/26/2014
ANTA Sports Products's HK$1.1billion share placing
11/26/2014
eHi Car Services $120 million Initial Public Offering
from 90 up to 100
11/25/2014
CESC Limited’s US$80 million equity shares placement
from 60 up to 70
11/25/2014
The National Commercial Bank' US$6 billion IPO in the Kingdom of Saudi Arabia
from 4000 up to 5000
11/21/2014
China Travel Service issuing guaranteed notes for US$1 billion
from 700 up to 800
11/20/2014
Samsung SDS’ US$1.1 Billion Korea IPO
from 900 up to 1000
11/20/2014
SSI Group, Inc.'s US$144 million IPO
from 100 up to 200
11/17/2014
Fulum Group’s $57,9 million Initial Public Offering
from 40 up to 50
11/15/2014
NorthWestern Corporation Common Stock Offering
from 300 up to 400
11/13/2014
Huaneng Power $405 million H-Share Placing
from 300 up to 400
11/11/2014
CVC and First Media on the re-IPO of Link Net
from 300 up to 400 from 300 up to 400
11/3/2014
CAR Inc. on HK$4.16 billion IPO
11/3/2014
SDM Group Holdings Limited $3,6 Million Initial Public Offering
from 0 up to 10
10/31/2014
China National Building Material Company subscribed for new ordinary shares in China
from 100 up to 200
10/31/2014
Nga Chun Holdings Company Limited $12 million Initial Public Offering
from 10 up to 20
10/30/2014
Hin Sang $30 million Hong Kong Listing
from 20 up to 30
10/24/2014
Bank of China on first Additional Tier 1 Capital issuance
from 5000 up to 6000
10/23/2014
Tencent subscribes for new shares of LotSynergy for €44 million
from 40 up to 50
Shanshui Cement Group for US$201 million
10/23/2014
Trina Solar Limited's $115 Million 4.0% Convertible Senior Notes
from 80 up to 90
10/10/2014
Premium Leisure Corporation Common Shares Offering
from 90 up to 100
10/1/2014
China Merchants Securities HK$370 million IPO
from 30 up to 40
9/30/2014
Credit Suisse HK$383 million secondary placing and sale of shares in IGG Inc
from 30 up to 40
9/29/2014
Alibaba Group's US$25 Billion IPO on NYSE
over 10000
9/26/2014
FMO on 15% equity investment in Hamkorbank
9/25/2014
CAR Inc.'s $467.6 Million Initial Public Offering
from 300 up to 400
9/19/2014
Jefferies and J.P. Morgan on HK$455 million top-up placing of shares by CSI Properties
from 50 up to 60
Limited 9/19/2014
Sun Hung Kai & Co. Limited placement of Shares
9/12/2014
Intercos S.p.A. IPO on Italian Stock Exchange
from 90 up to 100
9/5/2014
SMIC on US$390 million top-up placing of shares and issue of convertible bonds
from 100 up to 200
8/29/2014
Yingde Gases issuing senior notes for US$250m
from 100 up to 200
8/26/2014
China VAST Industrial Urban Development Company Limited’s Initial Public Offering
from 100 up to 200
8/24/2014
China Rundong Auto Group Limited's $113.2 Million Hong Kong Initial Public Offering
from 80 up to 90
8/20/2014
US$100 million placement shares of Prestige Estates Projects Limited
from 70 up to 80
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Hong Kong | Second Half 2014 report
8/6/2014
Date
Matter
7/16/2014
Macquarie and ICBC as joint sponsors of HK$1.4 billion Kangda IPO
7/15/2014
China Shengmu Completes Its USD $136 Million IPO and Listing on the Hong Kong
Deal Value range
Deal Value range
Date
Matter
from 100 up to 200
7/11/2014
Tian Ge Interactive Holdings Limited's US$192.8 Million Initial Public Offering
from 100 up to 200
from 100 up to 200
7/9/2014
Colour Life Services Group Co., Limited’s HK$945 million Initial Public Offering
from 90 up to 100
7/7/2014
CITIC Capital Partners acquires DDS LAB
(€ mln)
Stock Exchange
(€ mln)
7/15/2014
The world's largest pharmacuetical IPO in three years
from 500 up to 600
7/3/2014
Yida China Holdings Limited's $183.4 Million Initial Public Offering
7/14/2014
Deutsche Securities Asia and Morgan Stanley Asia as joint sponsors and Deutsche Bank
from 300 up to 400
7/2/2014
Global Invacom Group Limited's IPO on the London Stock Exchange
AG, Morgan Stanley Asia and five other banks as underwriters on Jinmao HK$3.2 billion
7/2/2014
Tianhe Chemicals Group Limited's US$650.1 Million Initial Public Offering
IPO in Hong Kong
7/1/2014
Xunlei Limited Initial Public Offering
7/12/2014
Luye Pharma Group US$760 million IPO on the Hong Kong Stock Exchange
7/11/2014
China New City Commercial Development Limited Initial Public Offering
7/11/2014
Hung Fook Tong Group Holdings Limited Initial Public Offering
from 100 up to 200
from 500 up to 600
from 500 up to 600
Hong kong | Second Half 2014 report
17
Hong Kong | Second Half 2014 report
Corporate M&A League table
Industry segment
18
Hong Kong | Second Half 2014 report
Dealmaker
Dealmaker Clients advised in the second half of 2014
Roger Denny
Clifford Chance
Teresa Ko
Freshfields Bruckhaus Deringer LLP
Eugene Y.C. Wong Mayer & Brown
Hong kong | Second Half 2014 report
19
analized Deals Date
Matter
12/31/2014
Hexagon Investments sold a partial stake in the Philippine's Rizal Commercial Banking
12/30/2014
Wumei Holdings Inc acquires controlling Stake in B&Q China Business from Kingfisher
Deal Value range
Deal Value range
Date
Matter
8/24/2014
Skillsoft Corporation acquires SumTotal Systems, LLC
8/18/2014
Financing MMG’s acquisition of Petrus Las Bambas Copper mine from Glencore.
8/13/2014
Fosun International acquires ROC Oil for $489 million
from 300 up to 400
plc
8/12/2014
Brightoil acquiring China offshore blocks for US$1.1
from 900 up to 1000
12/29/2014
MBK Partners sold its majority stake in GSEI Investment Corporation
8/8/2014
Hony Capital on £900m Pizza Express acquisition
from 1000 up to 2000
12/29/2014
Sonnedix establishes a new 50/50 joint venture platform company, Sonnedix Power
8/5/2014
Alibaba Group Holding Limited's US$120 million investment in Kabam Inc.
from 90 up to 100
8/5/2014
UniGroup has acquired UK based Sterling Relocation
(€ mln) from 100 up to 200
Corporation from 100 up to 200
Holdings Ltd., 12/22/2014
Blackstone Invests $279 Million in Quayside Collection at Sentosa Cove, Singapore
from 200 up to 300
12/19/2014
Alibaba $50 million additional investment in Momo Inc.
from 30 up to 40
12/19/2014
Standard Chartered sold its consumer finance businesses in Hong Kong and Shenzhen
12/18/2014
Huaneng Power on US$1.19 billion acquisition of Chinese power plants
from 1000 up to 2000
12/18/2014
KKR, TA Associates L.P. and Fotolia management sell to Adobe Systems Inc. all Fotolia
from 600 up to 700
12/18/2014
Newforest acquires 63% stakes into Greenheart
12/18/2014
Petit Bateau negotiates a partnership with Fung Kids Limited
outstanding shares for a total enterprise value of $800 million
12/18/2014
Sateri Holdings disposing assets for US$591m
12/17/2014
Bright Food acquired a majority stake in Italian olive oil producer Salov
12/15/2014
China Gas proposed acquisition on entire equity Interest in Beijing Gas Development
12/15/2014
Mercer is set to acquire SCM Strategic Capital Management AG
12/12/2014
Hanwha SolarOne acquires Hanwha Q CELLS from a subsidiary of Hanwha Chemical
from 90 up to 100
from 400 up to 500
from 200 up to 300
from 1000 up to 2000
Corporation 12/9/2014
Blackstone invests $129 million in Australia’s National Lifestyle Villages
12/9/2014
Xiao Nan Guo Restaurants acquires Pokka Café from Pokka Corporation
from 90 up to 100 from 20 up to 30
12/4/2014
Blackstone to Acquire Orica Chemicals
from 500 up to 600
12/1/2014
Haitong International acquires Japaninvest Group PLC
11/26/2014
eHi Car Services $120 million Initial Public Offering
11/20/2014
CDH Investments acquires Procter & Gamble’s China-Based Battery Joint-Venture
from 90 up to 100
Interest 11/18/2014
Financial Group on HK$2.6 billion landmark acquisition in Hong Kong
11/12/2014
MCH Group has acquired the remaining 40 percent of the shares in Asian Art Fairs
from 1000 up to 2000
Limited 11/12/2014
The Principal Financial Group, Inc. Acquires AXA’s Hong Kong Pension Business
from 300 up to 400
11/11/2014
Danone's subscription of a 25% equity interest in Yashili International Holdings Ltd
from 400 up to 500
11/10/2014
Mitsui & Co., Ltd. on US$21 million investment in Tsit Wing International Holdings
from 10 up to 20
11/10/2014
QuEST Global acquires NeST Software
from 70 up to 80
11/6/2014
COFCO Corporation has successful closed the US$2.8 billion acquisitions of 51% of
from 2000 up to 3000
Noble Agri and 51% of Nidera 11/3/2014
Mitsui & Co invests $21 million in Tsit Wing
from 10 up to 20
10/27/2014
Shaw Kwei & Partners invests in SCHMID Group and in Amos International Holdings
from 40 up to 50
10/23/2014
Nord Anglia Education, Inc. acquires Northbridge International School Cambodia
10/21/2014
Paris Inn Group's joint-venture with Plateno Hotels Group
10/13/2014
Bright Food acquires a majority stake in Italian olive oil producer Salov
Pte. Ltd.
10/8/2014
Advantage World Investment acquires ShanghaiMart
from 400 up to 500
9/29/2014
Blackstone Group invests in Xinrong Holdings Ltd.
from 70 up to 80
9/21/2014
China Development Financial Holding acquires Cosmos Bank Taiwan
from 400 up to 500
9/19/2014
COFCO Land Holdings Limited acquires a minority stakes in Jetway Developments and
from 200 up to 300
9/17/2014
China Rongsheng Heavy Industries Group Holdings Limited acquires a 60% equity
Yalong Development (HK) Company from 200 up to 300
interest in Central Point Worldwide Inc. 9/16/2014
Allied World Assurance acquires the Singapore and Hong Kong operations of Royal &
from 100 up to 200
Sun Alliance Insurance plc for USD215 million 9/15/2014
Kia Motors Corporation's $1 billion investment with the Mexican Government
from 700 up to 800
9/15/2014
The Link REIT acquires the spaces of Lions Rise Mall in Kowloon for HKD1.38 billion
from 100 up to 200 over 10000
8/28/2014
CITIC Pacific on US$36.5bn asset injection and US$6.8bn share placement
8/26/2014
China VAST Industrial Urban Development Company Limited’s Initial Public Offering
from 100 up to 200
8/26/2014
Dairy Farm acquiring stake in Yonghui for US$925 million
from 200 up to 300
8/26/2014
EQT acquires Dataflow, a Compliance and Integrity Service Provider
8/26/2014
EQT Partners sells of Taiwan-based Gala TV
8/26/2014
Swiss Holding AG Conzzeta sells its Automation Group ixmation
20
Hong Kong | Second Half 2014 report
(€ mln)
from 5000 up to 6000
Date
Matter
8/1/2014
Le Gaga Holdings Limited merges with Harvest Parent Limited and Harvest Merger
Deal Value range (â‚Ź mln)
Limited 8/1/2014
Lexington Partners acquires 80% share of a $1.5 billion commitment from Citigroup
from 900 up to 1000
Deal Value range
Date
Matter
7/24/2014
The Nuance Group completed the acquisition of Nuance-Watson's joint ventures
(â‚Ź mln)
7/18/2014
KVH Industries Inc. acquired Videotel Group for $48.9 million
7/16/2014
Royal DSM on proposed acquisition of Aland (HK) Holding Limited
Inc. to Metalmark Capital Partners II LP
7/4/2014
KVH Industries acquires Videotel
7/29/2014
Investcorp acquires SPGPrints Group
7/2/2014
Gibson Brands acquires WOOX Innovations and Related High Yield Note Financing
7/28/2014
ITOCHU Corporation signed a strategic alliance with CPG
7/24/2014
Aurelius Group acquires Scholl footwear from Reckitt Benckiser Group plc.
from 50 up to 60
from 40 up to 50
Hong kong | Second Half 2014 report
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CONTACTS ambrogio.visconti@pbvpartners.com Tel +39 0332 700723 Cell +39 338 6728934