Mergers & Acquisitions in Asia

Experience

    • Wilsonart, a Clayton, Dubilier & Rice portfolio company, in the $150 million sale of its Asia Business to Aica Kogyo and the Development Bank of Japan.
    • Credit Suisse in its investment in, and related economic arrangements with, an Asian alternative credit provider and asset management company.
    • FWD in its acquisition of MetLife Hong Kong.
    • Alibaba in the joint venture of its AliExpress business in Russia with the Russian Direct Investment Fund, MegaFon and Mail.ru, aimed at integrating Russia’s key consumer internet and e-commerce platforms.
    • Japan Post Holdings in its purchase of a strategic stake of approximately 7% of outstanding common shares of Aflac.
    • Tata Group in its settlement in relation to telecom tower arrangements in India.
    • Resolution Life in its revised AUS$3.0 billion acquisition of AMP Life.
    • The Poddar family in the sale of their remaining shareholding in Ashirvad Pipes to Aliaxis.
    • HarbourVest Partners in its co-investment in connection with the acquisition of an Australian wine producer.
    • A private equity fund’s proposed acquisition of a significant stake in the financial services business being spun-out from a listed Chinese technology company.
    • HarbourVest Partners in its co-investment in a payroll business process outsourcing company in Australia.
    • A private family office in its investment in Grab, a Singapore-based technology company that offers ride-hailing, ride-sharing and logistics services.
    • A private equity portfolio company in its proposed acquisition of a chemicals company in Southeast Asia.
    • Sawai Pharmaceutical in the sale of a minority stake of its U.S. subsidiary, Upsher-Smith Laboratories, to Japanese trading house Sumitomo.
    • AIA Vietnam in its exclusive bancassurance agreement with VPBank.
    • 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.
    • Mitsui in its acquisition of an additional 10% limited partnership interest in Penske Truck Leasing from subsidiaries of GE Capital Global Holdings.
    • Prudential Financial in its life insurance joint venture with CT Corp in Indonesia.
    • Polyus Gold International in its sale of up to a $1.4 billion stake in PJSC Polyus to Fosun International.
    • HarbourVest Partners in its co-investment in the acquisition of an Australian healthcare company.
    • Dover Corporation in its buyout of its Chinese partner’s 33% interest in Tokheim Hengshan Technology (Guangzhou) Co., Ltd.
    • Capital Group in its acquisition of an equity stake in Intas Pharmaceuticals, one of the largest pharmaceutical companies in India, from ChrysCapital, an India-focused private equity firm.
    • American International Group in its sale of its Japan life insurance business to FWD.
    • Showa Denko in the U.S. aspects of its acquisition of SGL GE Holding.
    • FWD in a 15-year bancassurance agreement with An Binh Bank in Vietnam.
    • American International Group in its sale of a $1.2 billion stake in PICC Property and Casualty by means of a block trade.
    • Ally Bridge in its PIPEs transaction with Nasdaq-listed Sorrento Therapeutics.
    • Hony Capital in its strategic investment in, and related cooperation arrangements with, as well as follow-on investment and subsequent corporate restructuring transactions involving, the WeWork Companies.
    • Capital International in its approximately $200 million acquisition of a minority stake in Mankind Pharma, an Indian pharmaceutical company.
    • Nereus Capital in its joint venture with Hareon Solar and Treasury Group to invest in solar projects in India.
    • Hanwha SolarOne in its $2 billion acquisition of Hanwha Q CELLS.
    • Exal Corporation in the buyout of Mankind Pharma’s stake in Casablanca Industries and a subscription of shares of Casablanca by Exal India BV.
    • A large India-headquartered pharmaceutical company in its acquisition of a UK pharmaceuticals company.
    • Tribune in the acquisition by its technology and innovation arm, Tribune Digital Ventures, of What’s-ON, a leading television search and Electronic Program Guide data provider for India and the Middle East.
    • 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.
    • 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 in the sale of a $750 million stake in PICC Property and Casualty by means of a block trade in Hong Kong.
    • 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.
    • 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).
    • 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.
    • American International Group in the proposed sale, later terminated, of AIA Group Limited to Prudential plc for $35.5 billion.
    • 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.
    • Protective Life in its $5.7 billion merger with a subsidiary of Dai-ichi Life, a life insurance company listed on the Tokyo stock exchange.
    • American International Group in the sale of its Taiwan consumer and SME businesses to Nan Shan Life Insurance in Taiwan.
    • American International Group in the restructuring of Chartis' interest in PICC and a cornerstone investment in PICC's Hong Kong initial public offering.
    • Ingenico in its strategic partnership with Fosun International and acquisition by Fosun of a 20% minority stake in Ingenico’s Chinese activities.
    • 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.
    • Beijing Galloping Horse Film and Galloping Horse America in their acquisition of the visual effects and other assets of Digital Domain Productions in a Section 363 sale under the U.S. Bankruptcy Code.
    • American International Group (AIG) and American International Assurance (AIA) on AIG’s agreement with the Federal Reserve Bank of New York to reduce its debt by $25 billion and simultaneously set up AIA and another of its life insurance franchises for initial public offerings.
    • Russia China Investment Fund in its investment in TutorGroup.
    • AIF Capital as a selling shareholder in the sale of certain female healthcare businesses of Famy Care, the world’s largest producer of oral contraceptive pills, to Mylan.
    • FLAG Capital Management in its acquisition of Squadron Capital, a Hong Kong-based private equity investment firm.
    • Alibaba in its sale of a $1.6 billion stake to a consortium of investors including Silver Lake Technology Management, Digital Sky Technologies, Temasek Holdings and Yunfeng Capital.
    • LivingSocial in its acquisition of Ticket Monster, the leading social commerce website in South Korea.
    • 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.
    • American International Group in the sale of its investment advisory and asset management business to Pacific Century Group.
    • Capital Group in its investment in Manipal Universal Learning Private Limited, an Indian company that operates universities and educational campuses throughout India and in Nepal.
    • MBK Partners in its $1.6 billion acquisition of China Network Systems. At the time of signing, this transaction was the largest leveraged buyout in the Asia Pacific region outside of Japan.
    • American International Group in its $6.45 billion sale of ordinary shares of AIA Group.
    • HarbourVest Partners in its co-investment with Champ Ventures in Sea Swift Pty.
    • Headland Capital Partners, the former Asian arm of HSBC Private Equity, in its spin-off from HSBC.
    • 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.