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Khaitan, Clifford Chance act on Intermediate’s maiden Asia investment, buying USD 1 billion of StanChart PE portfolio

“StanChart sells PE portfolio for $1 billion to Intermediate’s arm: The portfolio comprises private equity investments in companies across Southeast Asia, India, China and South Korea,” reported Mint.

This is US-based Intermediate Capital Group’s first investment in Asia, made via its private equity arm ICG Strategic Equity. It is purchasing Standard Chartered’s private equity assets for $1 billion, according to ICG, which includes 35 companies in South-East Asia, India, China, South Korea, the Middle East and Africa.

Khaitan & Co acted for ICG Strategic Equity Advisors LLC with a deal team comprised of partner Siddharth Shah, counsel Tarunya Krishnan, principal associate Shantanu Gupta, associate Gautam Suseel and associate Srikanth Mantravadi.

Clifford Chance was the global transaction counsel for ICG Strategic Equity Advisors LLC, co-led by partner Andrew Whan (Hong Kong) and counsel Tom Lin (Singapore).

Primary jurisdiction of deal: Asia.

2018-12-18

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

Click here if you are working with a law firm that has not been credited for this deal, and we will update the report promptly.

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