Allen & Overy is advising Axiata Group Berhad (Axiata), one of Asia’s largest telecommunications companies, on a transformational merger in the Bangladeshi telecommunications industry. The merger will result in the formation of the second largest mobile telecommunications company in Bangladesh, with a customer base of approximately 40 million, and is expected to be completed in the first half of 2016.
White & Case LLP has advised specialised logistics real estate development firm, The Redwood Group (Redwood) on an all-stock merger with e-Shang Cayman Limited, a leading Chinese logistics developer, owner and operator of warehousing infrastructure.
The combined group, which will be renamed e-Shang Redwood, will represent one of the largest logistics real estate platforms in Asia with more than 3.5 million square meters of projects owned and under development across China, Japan and South Korea, and capital and funds management offices in Hong Kong and Singapore.
Mayer Brown JSM represented Redwood Investment Company in its all-stock merger transaction with e-Shang Cayman Ltd. The two private equity-backed logistic developers announced the partnership on 22 January 2016. Following the tie-up, the new entity will be renamed e-Shang Redwood.
The merger represents one of the largest logistics real estate platforms in Asia with over 3.5 million square meters of projects owned and under development across China, Japan and South Korea. It also includes capital and funds management offices in Hong Kong and Singapore.
Municipality and church establish hospital holding // New group with 410 beds and over 700 full-time staff
Ashurst advised private equity house LGV Capital and its portfolio company Air Energi Group Limited on Air Energi's merger with Swift Worldwide Resources to form Airswift Holdings Ltd.
The new company, specialising in global workforce solutions for the energy, process and infrastructure industries, will have a turnover of $1.2bn and a total of 57 operating locations. Employing more than 800 people globally and managing a deployed workforce exceeding 6,000 worldwide, Airswift will have three corporate hubs in Manchester, Houston, and Singapore.
Macfarlanes has advised US private equity house Wellspring Capital Management on the merger of its portfolio company Swift Worldwide Resources Limited with Air Energi Group Limited.
The merger sees the creation of Airswift Holdings Limited, a company specialising in global workforce solutions for the energy, process and infrastructure industries with a turnover of $1.2bn and a total of 57 operating locations.
The transaction is structured as an all-share merger, backed by Wellspring and Air Energi’s owner LGV Capital.
Vinge is advising Nytida, which is part of Ambea, in connection with the merger with Solhagagruppen (the “Solhaga Group”).
Davis Polk is advising ChipMOS TECHNOLOGIES INC. (“ChipMOS Taiwan”) in connection with its proposed merger with its parent company, ChipMOS TECHNOLOGIES (Bermuda) LTD. (“ChipMOS Bermuda”), in which ChipMOS Taiwan will become the surviving company. Under the merger agreement, each outstanding ChipMOS Bermuda share will be converted in the merger into $3.71 in cash, without interest, and 0.9355 American Depository Shares, representing 18.71 shares of ChipMOS Taiwan.
On January 20, 2015, Kuros Biosciences AG (SIX: KURN, formerly CYTN) announced the completion of the combination of Cytos Biotechnology AG (Cytos) and Kuros Biosurgery Holding AG (Kuros). The transaction was structured as a reverse merger in which Kuros' shareholders exchanged their Kuros shares for new Cytos shares. As a result, the former Kuros shareholders hold almost four-fifths of the outstanding share capital of Cytos, which was renamed "Kuros Biosciences AG" and whose shares continue to be listed on the SIX Swiss Exchange.
Capital Four, the largest independent high yield manager in Europe, today announced the sale of the majority interest to Northill Capital, an independent London-based asset management company.
The investment in Capital Four amounts to approximately 60% of the firm’s equity. The remaining 40% ownership is maintained by the existing partners Sandro Näf, Torben Skødeberg and Henrik Østergaard. Capital Four will retain operational independence and members of Northill will join Capital Four’s board of directors.