Financial Institutions in Asia

Experience

    • Ontario Teachers’ Pension Plan in its investment in The National Investment and Infrastructure Fund of India.
    • FWD in its acquisition of MetLife Hong Kong.
    • Japan Post Holdings in its purchase of a strategic stake of approximately 7% of outstanding common shares of Aflac.
    • AIA Vietnam in its exclusive bancassurance agreement with VPBank.
    • American International Group in the sale of its medical stop-loss operations to Tokio Marine HCC.
    • AIA Group in its AUS$3.8 billion acquisition of CommInsure and Sovereign, the life insurance businesses of the Commonwealth Bank of Australia in Australia and New Zealand, and related 20 year bancassurance agreements.
    • Prudential Financial in its life insurance joint venture with CT Corp in Indonesia.
    • AIA Group in its $500 million offering in Taiwan of 4.47% senior unsecured fixed rate notes due 2047.
    • FWD in a 15-year bancassurance agreement with An Binh Bank in Vietnam.
    • American International Group in its sale of its Japan life insurance business to FWD.
    • American International Group in its sale of a $1.2 billion stake in PICC Property and Casualty by means of a block trade.
    • American International Group in the sale of a $750 million stake in PICC Property and Casualty by means of a block trade in Hong Kong.
    • AIA Insurance Lanka, a subsidiary of Hong Kong-based life insurer AIA Group, in the sale of its stake in AIA General Insurance Lanka to Janakashi Insurance.
    • Standard Chartered in a 15-year distribution partnership providing Manulife the exclusive right to offer its Mandatory Provident Fund (MPF) product to Standard Chartered’s customers in Hong Kong, and the acquisition by Manulife of Standard Chartered’s existing MPF and Occupational Retirement Schemes Ordinance businesses.
    • AXA in the sale of its mandatory pension business in Hong Kong to the Principal Financial Group.
    • AIA Group in its landmark exclusive bancassurance partnership with Citibank to distribute its insurance products to 11 countries in the Asia Pacific region. This was the largest ever bancassurance deal in Asia.
    • New York Life Insurance Company in the sale of New York Life Insurance Taiwan Corporation, its Taiwan life insurance subsidiary, to Taishin Financial Holding Co.
    • AIA Group in its $1.7 billion acquisition of ING's insurance businesses.
    • American International Group in the restructuring of Chartis' interest in PICC and a cornerstone investment in PICC's Hong Kong initial public offering.
    • American International Group in its proposed $2.2 billion sale of Nan Shan Life Insurance Company, Ltd., the Taiwan life insurance company, to Primus Financial Holdings Limited and China Strategic Holdings Limited. This transaction was named “Deal of the Year” by Asian Counsel.
    • Prudential Financial in its $4.8 billion acquisition of Japan-based AIG Star Life Insurance and AIG Edison Life Insurance from American International Group.
    • American International Group and AIA Group in AIA’s spin-off from AIG and $20.51 billion initial public offering and listing in Hong Kong, constituting the largest IPO in Hong Kong’s history and the world’s largest IPO in the insurance sector.
    • Prudential Financial in its strategic cooperation with Fosun Group, China’s leading private investment company, to establish a $600 million private equity fund and a related joint venture in the PRC.
    • Prudential Financial in the $425 million sale of its South Korean investment and fund management business, Prudential Investment & Securities Co. Ltd. and Prudential Asset Management Co., to Hanwha Securities Co.
    • American International Group in the proposed sale, later terminated, of AIA Group Limited to Prudential plc for $35.5 billion.
    • American International Group in the sale of its investment advisory and asset management business to Pacific Century Group.
    • Prudential in its purchase, as part of a consortium with The Carlyle Group, of 25% of China Pacific Life Insurance, in conjunction with a matching investment by controlling shareholder China Pacific Insurance (Group).
    • American International Group (AIG) and American International Assurance Company in AIG's agreement with the Federal Reserve Bank of New York to reduce the debt AIG owes the FRBNY by $25 billion and position AIA and American Life Insurance Company for initial public offerings.
    • AIA Group in the $109 million acquisition of Sri Lanka’s leading insurance company, Aviva NDB Insurance, from Aviva and Sri Lanka’s National Development Bank.
    • American International Group in the proposed sale, later terminated, of up to 90% interest in International Lease Finance Corporation to a consortium of Chinese investors in a transaction with an implied enterprise value of $27 billion.
    • American International Group in the tender offer by Chartis Japan Capital to acquire the remaining shares of Fuji Fire and Marine Insurance Co.
    • MassMutual in the sale of its interest in its Taiwan-based affiliate, MassMutual Mercuries Life Insurance Co.
    • Prudential Financial in matters relating to The Gibraltar Life Insurance Company, a subsidiary of Prudential Financial, in its acquisition of Yamato Life.
    • China Life Insurance as U.S. counsel in its $3.62 billion listing of 1.5 billion A Shares on the Shanghai Stock Exchange.
    • Prudential Financial in the acquisition by Prudential Life Insurance Company, a wholly owned subsidiary of Prudential Financial, of Aoba Life Insurance Company.
    • China Life in its nearly $3.5 billion global initial public offering and listing on the New York Stock Exchange, the largest IPO worldwide in 2003.
    • FLAG Capital Management in its acquisition of Squadron Capital, a Hong Kong-based private equity investment firm.
    • Baring Private Equity Partners Asia in its investment in Coastal Projects Private Limited.
    • J.C. Flowers in Shinsei Bank's proposed, later terminated, $5.9 billion merger with Aozora Bank.
    • Headland Capital Partners, the former Asian arm of HSBC Private Equity, in its spin-off from HSBC.
    • Melco Crown Entertainment in its $220 million follow-on public offering of American Depositary Shares.
    • Merrill Lynch Asia in its investment in Religare Enterprises, an integrated financial services company in India.
    • Merrill Lynch in its investment in Foreign Currency Convertible Bonds issued by Webel SL Energy Systems Limited, the second largest producer of solar photovoltaic cells and modules in India, and listed on the Singapore Stock Exchange (SGX-ST).
    • Merrill Lynch Asia in its investment in Bluechip Corporate Investment Centre.
    • ORIX Corporation, in its participation as a member of a consortium led by the Longreach Group, in the consortium's $694 million acquisition of Entie Commercial Bank.
    • Bank of China in due diligence of its Russian brand and its compliance with Russian laws and banking regulations in connection with its conversion from a state-owned entity to a joint stock company as the first step in becoming a public company.