Freehills advised Macquarie Bank on its recent investment banking joint venture with the Thai Military Bank (TMB), Thailand. The deal increased Macquarie’s already significant presence in the Asian investment banking market, gave it access to TMB’s extensive infrastructure program, underpinned by the Thai Government’s planned $51 billion of investment in infrastructure over five years, and gave it entry into the Thai retail broking market.
Freehills managed all legal aspects of the transaction for Macquarie, which included the drafting of documents, assisting in negotiations and obtaining local Thai legal review and sign-off when required. Partners Leon Pasternak and Stephen Dobbs led the team, assisted by Sunil Patel and Michael Horman.
Baker & McKenzie advised on the $300 million fundraising and IPO of Everest Babcock & Brown Alternative Investments (EBB). Partners Steven Glanz and David Holland led the Baker & McKenzie team. Holland said the IPO raised a number of complex regulatory and policy issues that involved the Australian Securities and Investments Commission and the Australian Stock Exchange (ASX).
”We had a very aggressive timetable and there was a risk that some of the novel structures we were seeking to put in place would slow us down because of the regulatory hurdles we needed to cross. But in the end, we got a very fair hearing from the relevant authorities,” Glanz said.
Coudert Brothers acted for Argentine-owned global energy player the IMPSA Group on the sale of its interests in the Caliraya Botocan-Kalayaan (CBK) power complex in the Philippines. The sale, to a newly formed consortium of Japan’s Electric Power Development and Sumitomo Corporation, was for an undisclosed, multi-million dollar amount.
Hong Kong-based partner Christopher Stephens led Coudert Brothers’ legal team on the transaction.