The Asset
Regional Awards 2016

Best Deals - M&A / Structured Finance

Best domestic M&A

Berli Jucker pcl US$6.3 billion acquisition of Big C Supercenter
BNP Paribas, Bank of America Merrill Lynch, Citi, Credit Suisse, Deutsche Bank, HSBC, JayDee Partners, Maybank Kim Eng Securities, Morgan Stanley, Quant Group, Rothschild

This is the second largest transaction ever in Southeast Asian food retail sector.
Best cross-border M&A

Qingdao Haier US$5.6 billion acquisition of General Electric’s appliances business
Bank of America Merrill Lynch, CICC, Goldman Sachs

Represents the largest ever cross-border M&A in household appliances sector globally and the second largest Chinese outbound M&A by a non-state-owned enterprise.
Best privatization

Temasek S$2.6 billion acquisition of SMRT Corp
Bank of America Merrill Lynch, Credit Suisse

The acquisition follows SMRT’s transition from the current rail financing framework to the new rail financing framework under which the company will move from an asset heavy model towards a more asset light operator model.
Best private equity exit

Affinity Equity Partners’ US$1.3 billion sale of Loen to Kakao
Credit Suisse, E&Y Korea (Financial Advisory Arm)

One of the most profitable private equity deals and was the largest private equity exit in Korea in 2016.
Best LBO

Wharf T&T HK$4.8 billion leveraged buyout financing
MBK Partners, TPG Capital
Standard Chartered
Cathay United Bank, CTBC, E.Sun Bank, Taipei Fubon Bank
China Minsheng Bank, Taishin International Bank
Bank of Communications, China CITIC Bank International, Chang Hwa Commercial Bank, Mega International Commercial Bank, Mizuho Bank, Ta Chong Bank, Yuanta Commercial Bank
Bank SinoPac, China Construction Bank (Asia), Far Eastern International Bank, Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank, Tokyo Star Bank

This deal represents the debut leveraged buyout financing for both MBK and TPG in Hong Kong.
Best acquisition financing

US$3.5 billion acquisition of Supercell by Tencent-led consortium
ANZ, Bank of America Merrill Lynch, Bank of China, China Merchants Bank, Deutsche Bank, HSBC, Shanghai Pudong Development Bank

Successful syndication that supported Tencent’s biggest-ever acquisition to date.
Best sovereign loan

Government of the Democratic Socialist Republic of Sri Lanka US$700 million term loan facility
Citi, Credit Suisse, Emirates NBD Capital, HSBC, Mashreq Bank

The loan provides much-needed support to government’s cash flow over the next few years to sustain development plans and economic growth.
Best syndicated loan

ChemChina US$32.7 billion acquisition financing
China Citic Bank, BNP Paribas, Credit Agricole CIB, Credit Suisse, HSBC, Industrial Bank, Natixis, Shanghai Pudong Development Bank, Unicredit
Rabobank
Banco Santander, First Gulf Bank, Societe Generale CIB, Taipei Fubon Bank
CTBC, Taishin International Bank, The Bank of East Asia

The financing is designed to fund the largest outbound acquisition ever by a Chinese corporate.
Best transport deal

Reliance Group US$572 ECA-backed ship financing
ANZ, Bank of Tokyo-Mitsubishi UFJ, Citi, Credit Agricole CIB DBS, J.P. Morgan
Banc of America Leasing & Capital, BNP Paribas, DBS, Societe Generale CIB, Standard Chartered, Sumitomo Mitsui Banking Corporation

Innovative ship financing structure with a combination of annual rolling guarantee from Reliance Industries for yearly debt servicing and soft comfort for continued usage of the vessels & acceleration risk to ensure ultimate recourse to the company.
Best cross-border securitization

KAL ABS 17 Cayman US$155 million secured floating rate notes and US$45 million secured floating rate loan
Standard Chartered

The transaction comprises of a loan tranche and a note tranche, which allows KAL to tap different investor base.
Best domestic securitization

Bavarian Sky Korea 2016-1 inaugural 300 billion won auto ABS issuance
Citi
Bookook Securities

Represents the inaugural Korean domestic ABS transaction by BMW Financial Services Korea that saw the company achieve strong pricing levels.
Dud loan of the year

Dud equity deal
OUE Commercial REIT S$360 million
ANZ, Standard Chartered

The two lead banks were left with a combined S$200 million at the close of syndication.
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