2014.1
Sidley, Cleary lead on mammoth Suntory buy
Cleary Gottlieb Steen & Hamilton and Sidley Austin have scored lead advisory roles on Japan’s Suntory Holdings’ agreement to acquire U.S. spirits company Beam Inc for $13.6 billion cash.
Hogan Lovells lures IP/TMT partner from Freshfields
Hogan Lovells has hired intellectual property and TMT expert Mark Parsons from Freshfields Bruckhaus Deringer as a partner in Hong Kong.
Asia Appts: Pinsent Masons boosts Asia corp team
Also, K&L Gates gains two partners in Tokyo, Shearman & Sterling hires oil and gas partner from Allens in Singapore, Tilleke & Gibbins boosts insurance practice in Bangkok, and more in our weekly Asia appointments roundup.
Nomura Asset to acquire Taiwan asset arm of ING
Japan’s top money manager, Nomura Asset Management, said on Friday it has agreed to acquire the Taiwanese asset management arm of ING Groep, a move that will make Nomura the first Japanese asset manager to start operations in Taiwan.
Eastern Media bids for Carlyle’s stake in local TV firm
Taiwan’s Eastern Media International Corp is bidding to buy Carlyle Group’s entire 61 percent stake in local TV company Eastern Broadcasting which is worth around $240 million, two sources with direct knowledge of the matter said on Wednesday.
CVC ‘to buy $200 mln stake in China education company EIC’
Private equity firm CVC Capital has agreed to invest over $200 million into China education company EIC Group, buying shares from its founder and rival private equity firm Actis Capital, two sources with knowledge of the matter told Reuters.
OCBC agrees $303 mln deal to raise stake in Chinese bank
Singapore’s Oversea-Chinese Banking Corp has agreed to raise its stake in Bank of Ningbo to 20 percent from 15.34 percent for about S$383 million ($303 million), the latest step in a drive to extend its footprint in China.
ONGC offers stake in petrochem projects to Kuwait Petroleum
State-run producer Oil and Natural Gas Corp Ltd is seeking a strategic partnership with Kuwait Petroleum Corp (KPC) in two upcoming petrochemicals projects, its chairman said.
Toshiba taking control of NuGen with stake sale by GDF Suez
Toshiba Corp is in the final stages of boosting its stake in British nuclear power firm NuGen to around 60 percent by buying a 10 percent stake from French utility GDF Suez SA, industry sources familiar with the matter said on Monday.
China says to strengthen supervision of IPOs
China will strengthen its supervision over initial public offerings (IPOs), the securities regulator said late on Sunday, two days after a small drug maker postponed its share sale saying it was “too big”.