Linklaters and Davis Polk advise on $1.37bn insurance deal
Linklaters is advising seller Dah Sing Financial Holdings and Dah Sing Banking Group on the deal
June 05, 2016 at 07:03 PM
6 minute read
The original version of this story was published on Law.com
Linklaters and Davis Polk & Wardwell are advising on Thai Hot Investment's $1.37bn (£944m) purchase of Dah Sing Financial Holdings' Hong Kong and Macau life insurance subsidiaries.
The magic circle firm is acting for Dah Sing Financial Holdings Limited and Dah Sing Banking Group Limited, with a team led by global corporate head Matthew Middleditch. The team also includes Hong Kong-based associates.
Middleditch said: "This follows acting on major deals in the sector for numerous banks entering into long term, pan-Asian insurance distribution agreements and acting for JD Capital on its acquisition of Ageas's Hong Kong life insurance subsidiary, which completed recently."
Citigroup is acting as financial adviser to Dah Sing on the transaction.
Davis Polk Hong Kong corporate partner Paul Chow is advising Fujian-headquartered Thai Hot on its acquisition.
The US firm has acted on a number of significant regional deals this year, including INBev's $1.6bn (£1.1bn) China Beer sale and JD.com's $1bn (£690m) debt offering. The firm has also been mandated on gold and silver producer Freeport-McMoRan's $2.65bn (£1.83bn) sale of its interests in a major African copper mine.
Last month, Linklaters elected Charlie Jacobs as senior partner, with Jacobs beating London corporate partner Aedamar Comiskey and Belgium corporate partner Jean-Pierre Blumberg to secure the leadership post.
The magic circle firm recently slipped down the FTSE 250 adviser rankings from second to third place, despite expanding its client roster from 27 to 28 with the addition of KAZ Minerals.
The magic circle firm is acting for Dah Sing Financial Holdings Limited and Dah Sing Banking Group Limited, with a team led by global corporate head Matthew Middleditch. The team also includes Hong Kong-based associates.
Middleditch said: "This follows acting on major deals in the sector for numerous banks entering into long term, pan-Asian insurance distribution agreements and acting for JD Capital on its acquisition of Ageas's Hong Kong life insurance subsidiary, which completed recently."
The US firm has acted on a number of significant regional deals this year, including INBev's $1.6bn (£1.1bn) China Beer sale and JD.com's $1bn (£690m) debt offering. The firm has also been mandated on gold and silver producer Freeport-McMoRan's $2.65bn (£1.83bn) sale of its interests in a major African copper mine.
Last month,
The magic circle firm recently slipped down the FTSE 250 adviser rankings from second to third place, despite expanding its client roster from 27 to 28 with the addition of KAZ Minerals.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Covington Swipes Mishcon Insurance Disputes Head for New Practice Launch in London
3 minute read
Asia Pacific Hires: Global Firms Kick Off Q4 with Flurry of Team Hires Across the Region
10 minute read
Corporatizing Law: How This Law Firm Leader Plans to Build a Big Legal Business
5 minute readTrending Stories
- 1The Moving Goalposts of Overtime Exemption: Texas Judge Invalidates 2024 Salary Threshold Rule
- 2New Research Study Predicts Continued Growth for Generative AI in Legal
- 3Litera Acquires Document Automation Startup Office & Dragons
- 4Patent Trolls Come Under Increasing Fire in Federal Courts
- 5Transforming Dispute Processes in Law: The Impact of Large Language Models
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
