Mergers & Acquisitions

• Grifols in
  • its entry into a strategic alliance with China’s leading blood plasma company, Shanghai RAAS Blood Products Co Ltd.
  • its $1.7 billion agreement to acquire the transfusion diagnostics unit of Novartis with subsidiaries and business operations in the U.S., Europe and Asia
• WiZ Connected, developers of the WiZ Wi-Fi-based connected lighting ecosystem, in selling its business to Signify, the world leader in lighting headquartered in the Netherlands (formerly known as Philips lighting).
• Angkor Hospital for Children, Cambodia’s first teaching hospital, in its multijurisdictional asset transfer from a U.S. entity to a Hong Kong entity, in order to assist management on the ground to gain control of its operations
• RRJ Capital Ltd. in its agreement to invest more than $300 million in Cheniere Energy Partners, LP, an owner and operator of liquefied natural gas receiving terminals in the U.S.
• A major shareholder of China Biologic Products, a China-based biopharmaceutical company listed on NASDAQ, in its sale of shares to Warburg Pincus
• Bessemer Venture Partners in its investment in Orient Green Power Company Limited, an Indian company focused on renewable energy generation
• The Recording Academy® in:
  • its strategic partnership with the Beijing Music Festival in connection with the license of its trademarks in the great China region
  • its various agreements for the creation of festivals and other Grammy branded events in the greater China region
• SC Lowy, an independent boutique investment bank, in relation to an investment of US$58 million by a consortium led by Investec Bank PLC
• Jefferies in the offering of $535 million senior secured payment-in-kind notes due 2015 by MD America Energy Holdings, Inc., subsidiary of Meidu Holding Co., Ltd., a real estate development and trading company listed on the Shanghai Stock Exchange

Private Equity Real Estate

• AccorHotels in:
  • taking full ownership of sbe’s hotel business, including the Delano, Mondrian, SLS, and Hyde hotel brands along with most of sbe’s Food & Beverage brands including Cleo, Fili’a or Carna by Dario Cecchini
  • the launch of a global strategic partnership with Faena Group focused on expanding the Faena brand around the world
  • its exclusive negotiations with UK-based developer Ennismore, to form the world’s leading lifestyle operator in the hospitality sector
  • its acquisition of Tribe, Australia’s first integrated modular hotel brand
  • its agreement to form a strategic and long-term alliance with Huazhu Hotels Group (also known as China Lodging Group) to create the most prominent and diversified hotel company in China, which included: (i) the sale of a large number of Accor hotel management agreements in its economy and mid-scale brands to Huazhu; (ii) Accor’s granting of brand license agreements in greater China for five of its brands to Huazhu;  (iii) the agreement to sell an approximately 5% stake in Huazhu for $451 million; (iv) the sale of a 1.5% stake in Huazhu for €239 million; (v) the sale of its remaining interests in H World Group Limited, formerly Huazhu Group Limited, for $460 million
  • its strategic partnership with the Singapore-based Banyan Tree Holdings, which include the acquisition of up to 10% of Banyan Tree and a unique collaboration to develop and manage Banyan Tree branded hotels around the world
  • its agreement to purchase FRHI Hotels & Resorts, which owns Fairmont, Raffles and Swissotel brands from Kingdom Holdings, Qatar Investment Authority and Oxford Properties in a cash and stock deal valued at $2.9 billion
  • its cooperation agreement with CTrip
• Formosa International Hotels Corporation (FIH), an international luxury hospitality group based in Taiwan, in entering into an agreement for the sale of a 51% stake in the Regent Hotels and Resorts brand to InterContinental Hotels Group for US$39 million and an option for the sale of the remaining 49% for an amount “valued at no more than US$100 million”. This deal was named M&A Deal of The Year at HICAP Conference 2018.
• Mori Building Real Estate Investment Advisory Co., Ltd in:
  • the acquisition of Bangkok Hotel by JR Kyushu from the Thai Government Pension Fund and replacement of its operator.
  • the entering into a long term lease and acquisition of the related hotel business of an Aloft hotel in Bangkok by JR Kyushu.

• The Recording Academy® in its agreement, together with the GRAMMY Museum® to open the first GRAMMY Museum(s) in China
• District 15, a Hong Kong real estate investor and operator in a joint venture with Hong Kong based private equity fund for the acquisition, renovation, conversion (including the creation of hospitality component) and management of a commercial building in Tsim Sha Tsui, Hong Kong
• Tahal Assets in the approximately $150 million sale of its wholly owned China-based water infrastructure subsidiary, Kardan Water International Group Ltd (KWIG), to China Gezhouba Group Investment
• Kardan Land in two tranches of the sale of its sale of Chengdu mall to BR Spicy and MGPA for a consideration of approximately $152 million
• Proprium Capital Partners, LLC, in its acquisition of non-convertible debentures listed on the Bombay Stock Exchange issued by Parsavanth Estate Developers Private Limited, an India-based real estate developer
• China Jinmao, previously known as Franshion Properties, a leading real estate developer in China listed on the Hong Kong Stock Exchange, in the subscription of 20% interest in one of its real estate project companies by Warburg Pincus