Network Wire

Han Kun Law Offices represented AsiaInfo Security (688225.SH), a company listed on China's STAR Market, in successfully completing the acquisition of a controlling interest in AsiaInfo Technologies (01675.HK), a company listed on the Main Board of the Hong Kong Stock Exchange. This transaction marks the first major asset restructuring of a STAR Market-listed company acquiring a Hong Kong-listed company.

During the transaction process, Han Kun provided comprehensive Chinese legal services to AsiaInfo Security across multiple aspects, including designing the financing structure of the deal, notifying of the concentration of undertakings, drafting and negotiating the transaction documents, coordinating between domestic and overseas listing rules, and supervising the major asset restructuring.

Deacons’ Corporate Finance Practice Group advises the joint sponsors Haitong International Capital Limited and CITIC Securities (Hong Kong) Limited and underwriters in relation to the Main Board IPO of Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. (SEHK Stock Code: 2582), seeking to raise up to HK$438 million.

Our team is led by Ronny Chow and Canny Lau, Partners of our Corporate Finance Practice Group.

Kochhar & Co. is pleased to announce its role as legal advisor to REC Limited, a Maharatna Central Public Sector Enterprise (CPSE) under the Ministry of Power in India, in extending a significant credit facility of INR 1,171.17 crore (INR 11,712 million) to Kannur International Airport Limited, an unlisted public limited company promoted by the Government of Kerala. The credit facility is aimed at refinancing the airport's existing debt.

The transaction was spearheaded by Banking & Finance Partner, Ms. Sharmil Bhushan, at Kochhar & Co.'s Mumbai office, with key assistance from Senior Associate, Ms. Jyoti Punjabi, and Associate, Ms. Avantika Rai.

YKVN acted as sole counsel to Masan Group Corporation (HOSE: MSN, “Masan”) in the sale of 100% of its feed-related business to De Heus. Upon the transaction, De Heus Vietnam (a subsidiary of the Dutch Royal De Heus Group) will obtain control of Masan’s feed-related business and invest in Vietnam’s animal protein supply chain – USD 600-700 million.

The YKVN team was led by partner Truong Nhat Quang, assisted by counsel Nguyen Van Hai, senior associate Ho Anh Tuyet, and a team of associates in Ho Chi Minh City.

Kudun and Partners successfully represented the sellers in the landmark sale of 100% of T.P.S. Media Limited (“TPS Media”), one of Thailand’s leading nationwide billboard companies, to Innova Media (International) Co., Ltd. The transaction, valued at THB 650 million, marks a significant milestone in Thailand’s dynamic media and advertising sector.

Ellex Valiunas advised one of the largest private equity firms Advent International on its proposed acquisition of Nuvei Corporation, a global payment processing platform listed in Canada (Nasdaq: NVEI) (TSX: NVEI). Total value of the transaction is approximately USD 6.3 billion.

In Lithuania, the project was led by Ellex Valiunas Partner and Head of the Banking and Finance team Ieva Dosinaitė, Expert Lina Radavičienė, and Senior Associate Domantas Gudonis, while a number of other Ellex professionals contributed to the performance of legal due diligence.

Shoosmiths has advised international investment firm DTCP on leading a $80m Series B investment into UK-based robotics and data intelligence company start-up Dexory.

The law firm advised DTCP on the funding round, which included participation from Latitude Ventures, Wave-X, and Bootstrap Europe, along with existing investors Atomico, Lakestar, Capnamic, and several angels from the logistics industry. As part of the investment, DTCP’s Michael Rager joins Dexory’s board of directors.

The Shoosmiths team was led by corporate partner Alastair Peet, with support from principal associate Kat Hornsby, senior associate Jordan Telford, and associate Hugh White.

Total value of the transaction is approximately USD 6.3 billion.

A HEUKING team, led by Dr. Philip Kempermann, advised Thalia Bücher GmbH on the acquisition of the business operations of buecher.de as well as Weltbild customers out of insolvency proceedings.

Through this acquisition, buecher.de customers are able to continue using their accounts seamlessly. Additionally, both buecher.de and Weltbild customers will retain access to their purchased tolino ebooks via the tolino cloud, even after Weltbild ceased operations and buecher.de GmbH & Co. KG entered insolvency.

Counsel to Thalia Bücher GmbH HEUKING: Dr. Philip Kempermann, LL.M. (Lead), Georg Thomas, LL.M. (University of Glasgow), (both Data Protection), both Düsseldorf. IN-HOUSE: Dr. Astrid Wagner (General Counsel), Chiara Gerbers, Jan-Timo Klatt.

Admicom Oyj’s subsidiary Tocoman Oy has signed an agreement to acquire Estonian IT company Bauhub OÜ, a developer of SaaS workspace for construction project management. COBALT provided comprehensive advisory services to the shareholders of Bauhub throughout the transaction process. This included deal structuring, negotiation support, and preparation of transaction documents.

The project was led by Specialist Counsel Madis Reppo, with key contributions from Partner Peeter Kutman, Specialist Counsel Tõnu Kolts, and Junior Associate Ken Saksniit.

DTB assisted Digital Realty, the world’s largest provider of data center solutions, in the sale of its cloud services business in Croatia to Databox, a leading Croatian provider of cloud and data center services.

Senior attorney Dina Salapić led our team, which included attorneys Barbara Šimić, Anella Buković and Jure Marović, and associate Valeria Kirac, in supporting Digital Realty on the M&A and commercial aspects of the transaction.

Beccar Varela advised EPAM Systems Inc., a digital transformation services and product engineering company, on the acquisition of the global advanced technology consultancy NEORIS.

Beccar Varela's team was led by partner María Shakespear, along with senior associate Luciana Liefeldt and associate Tomás Burllaile. The team was further supported by partners Florencia Rosati, María Eduarda Noceti, and Santiago Montezanti; senior associates Mariana Lamarca Vidal, Gonzalo Ochoa, Francisco Grosso, Alejandra Bouzigues, María Luján Callaci, and María de los Ángeles Olano; and associates Tomás Caputo, Franco Montiel, and Juan Ignacio Pazos.

BLP is proud to have acted as local legal advisor for Santander US Capital Markets LLC and Citigroup Global Markets Inc. in the Republic of Honduras’ first sovereign green sustainable bond issuance. This historic transaction, carried out in the international capital markets, marks a significant step for the country in advancing projects focused on sustainability and development.

The transaction was led by Partners José Alvarez, Pablo Umaña, with the support of associates Alí Ordóñez and Ivis Alvarado.

Veirano advised on the acquisition by Fleury of 100% of the equity stake in the following companies: Laboratório De Análises Clínicas Confiance, Labclin Laboratório Clínico De Campinas, and Inda-Lab Análises Clínicas, from Confiance Medicina Diagnóstica, for BRL 130 million.

Veirano Advogados advised the buyer and relied on partner Vitor Rozenthal, associates Maria Leticia Curtolo de Goes, Bárbara dos Santos Ribeiro. Duarte Garcia, Serra Netto e Terra Advogados advised the sellers and relied on partner Francisco Capote Valente; associate Ana Laura Verdini Módolo.

Morgan & Morgan served as legal advisors to MMG Trust, S.A., in the acquisition of Mercantil Trust & Finance, Inc., a trust company and subsidiary of Mercantil Banco, S.A.

Morgan & Morgan conducted due diligence on the target entity, negotiated, signed, and closed the share purchase agreement, and procured the regulatory change of control approval from the Superintendence of Banks of Panama.

Partner Aristides Anguizola, senior associate Alejandro Vásquez, and associate Miguel Amado participated in this transaction.

BUSTAMANTE FABARA provided expert legal counsel for Ecuador's groundbreaking Debt-for-Nature Swap, a historic step to preserve terrestrial and freshwater ecosystems in the Amazon. Through The Nature Conservancy’s Nature Bonds Program, this initiative highlights the power of sustainability, innovation, and collaboration.

Advising Bank of America: Led by Partner Diego Ramírez with associates James E. Keeble and Nataly Villasís Reyes.

Advising The Nature Conservancy: Led by Partner Jesus M. Beltran, with contributions from Partner Rafael Valdivieso, Director Patricio Santos, and Associate Bruno Pesantes.

Morris, Manning & Martin advised CargoSprint in its strategic investment from technology-focused private equity firm Lone View Capital. CargoSprint is a Georgia-based cargo operations company with thousands of customers globally. Its two products, SprintPay and SprintPass, enhance efficiency in cargo operations. SprintPay streamlines payment for its users, while SprintPass improves cargo logistics, including scheduling, compliance, and pickups. The investment will allow CargoSprint to continue innovation efforts and improve its ability to serve shippers, importers, and beneficial cargo owners.

The team was led by Chris Maxwell and included Justin Ward, James Alexander, Jr., and Sam Collier.

Hunton Andrews Kurth LLP advised the underwriters on an SEC-registered offering by Georgia Power Company (“Georgia Power”) of $117 million aggregate principal amount of Series 2024C Floating Rate Senior Notes due November 15, 2074 (the “Series 2024C Senior Notes”).

The Hunton Andrews Kurth team included Peter K. O’Brien, Steven C. Friend, Patrick C. Jamieson, Michelle G. Chan, Monika M. Dziewa, and Gabrielle Kraushaar. Robert McNamara, William Freeman, Caitlin Scipioni, and Katherine Gallagher provided tax advice.

Haynes Boone represented Construction Partners, Inc. (NASDAQ: ROAD) (“CPI”) in its pending acquisition of Asphalt Inc., LLC, d/b/a Lone Star Paving, a prominent Austin, Texas-based asphalt manufacturing and paving company. The deal is valued at approximately $950 million, including $654 million in cash, 3 million shares of CPI Class A common stock, reimbursement of working capital, and a future purchase commitment.

Haynes Boone's cross-practice team handled all aspects of the transaction.

Austin-based Mergers and Acquisitions Partner Kellie Bobo led the deal team with support from Associates Bryan Diebels, Rachael Williams, Taylor Calvert, and Dillon Sebasco. Finance Partners Sakina Foster and Paul Amiel guided the deal financing along with Associates Laura Shapiro, Sara Phipps, and Serena Heydari. Capital Markets Partners Rosebud Nau and Greg Samuel oversaw securities law matters associated with the transaction with assistance from Associates Rachel O’Donnell and Alexa Cooper.

Dykema congratulates The Swan Center for Plastic Surgery and its founder, Dr. Joseph Bauer, on their new partnership with United Aesthetics Alliance (UAA), a premier provider of integrated cosmetic plastic surgery and non-invasive medical spa services. This strategic partnership marks a significant milestone in the aesthetic healthcare sector, expanding The Swan Center's reach and service offerings.

Dykema served as legal counsel to The Swan Center and Dr. Bauer, with Craig Woods and Dean Gould, leaders of Dykema’s Healthcare M&A Group, leading the transaction team, providing strategic counsel, and guiding the client through the deal's complexities. Dykema ensured the transaction was structured to achieve The Swan Center's long-term business goals while enhancing its operational capabilities under UAA’s expansive network.

Carey Olsen has advised retail and food and beverage operator SandpiperCI on the sale of part of its Channel Islands food retail business to Morrisons. The deal involves the sale of 37 stores and five fuel forecourts operating under the Iceland, Morrisons, Checkers Xpress, and Le Cocq's Stores brands.

Senior associates Arya Hashemi (Guernsey) and Melissa Wilkins made up the Guernsey corporate team, while counsel John Le Tissier (Guernsey) and senior associate Kieran Ogilvie (Guernsey) made up the Guernsey property team. The employment and pensions team included partner Huw Thomas (Jersey), counsel Tarina Le Boutillier (Jersey), counsel Julie Currie (Jersey), and associate Kim Courtney (Guernsey), with finance support provided by senior associates Nick Ghazi (Jersey) and Connor Alexander (Jersey).