Davis Polk & Wardwell
SAM bagged the mandate for Facebook and AZB for Reliance on India’s largest ever foreign-direct investment in a tech company, which values Reliance’s Jio Platform subsidiary at Rs 4.62 lakh crore (or nearly $66bn), with Mark Zuckerberg’s US technology giant buying itself a 9.9% stake in Jio Platforms Limited.
Freshfields Bruckhaus Deringer has topped the mergermarket value league table of international law firms that advised on M&A deals in the record 2016 calendar year.
Cyril Amarchand Mangaldas (CAM) advised ICICI Prudential Life Insurance and ICICI Bank on Rs 60,568 million initial public offer. S&R Associates and Davis Polk & Wardwell advised the lead managers to the issue: DSP Merrill Lynch, ICICI Securities, CLSA India, Deutsche Equities India, Edelweiss Financial Services, HSBC Securities and Capital Markets (India), IIFL, JM Financial Institutional Securities, SBI Capital Markets and UBS Securities India.
Davis Polk and Wardwell capital markets counsel Ferish Patel joined Gunderson Dettmer as partner in November, to head its India and Southeast Asia practice.
Davis Polk & Wardwell registered foreign lawyer Amit Kataria has joined Morrison Foerster (MoFo) as an of counsel in Hong Kong.
He specialises in cross border M&As and disputes and enforcement in India, according to MoFo’s press release, which added that he will help the firm grow its India practice.
The Delhi University 2004 LLB alumnus who obtained his LLM from Columbia Law School in the US in 2007, began his career as an associate in 2007 with Debevoise & Plimpton from where he joined Davis Polk in 2011.
MoFo managing partner Eric Piesner said in the release: “MoFo has seen an increase in demand for assistance from Asian and international clients seeking to invest in India as changes in government and various macroeconomic factors make India a more attractive investment target.”
The firm has an active corporate presence in South Asia with many clients including long time client SoftBank, added the release.
ICICI Bank issued $500m of 3.50% 2020-due notes under 144A/Reg-S in its $7.5bn Global Medium Term Note (MTN) programme, through its Dubai branch, as reported by PTI.
ICICI instructed Amarchand Mangaldas partner Niloufer Lam with senior associate Madhav Kanoria and associate Aayushi Anand on Indian laws, with Davis Polk & Wardwell as international legal adviser, and UAE firm Al Tamimi via partner Mamoon Khan with Cherry Turcal advising on Dubai and UAE laws.
Latham & Watkins Singapore partner Min Yee Ng, supported by associates Dhiraj Joseph and Zhu An Lu, acted for lead managers Citigroup Global Markets, Deutsche Bank, The Hong Kong and Shanghai Banking Corporation and Bank of America Merrill Lynch.
Seven years after advising India’s largest realtor DLF in its $250m buy of Aman resorts, Luthra & Luthra advised DLF in selling Aman back to its owner Adrian Zecha for $358m (Rs 1,600 crore).
AZB & Simpsons reprised roles for KKR, with Amarchand and Davis Polk acting for the sellers.
Amarchand Mangaldas scored a first-time mandate for Japanese conglomerate NEC Corporation in assisting Davis Polk & Wardwell in its $449m (Rs 2280 crore) acquisition of US telecoms company Convergys Corporation’s information management (IM) business.