The Asset Triple A Regional Deal Awards 2017 - Best Deals - M&A

The Asset
Regional Awards 2017

Best Deals - M&A / Structured Finance

Private equity
fund raising of the year

Affinity Equity Partners US$6 billion Fund V
Credit Suisse

It is not the biggest in this region, but Affinity Equity Partners’ Fund V, which raised US$6 billion, is the most impressive. Upsized from the original cap of US$5 billion, Affinity’s biggest-ever fund attracted over US$9 billion in interest in four months, the fastest fund-raising for a private equity fund. The list of limited partners includes some of the largest institutional real money accounts in North America, Asia-Pacific, Europe and the Middle East with zero participations from private banks or feeder funds
Best domestic M&A

PAG Asia Capital US$1.5 billion acquisition of Yingde Gases
Morgan Stanley, Rothschild, UBS

The transaction resolves Yingde Gases’ internal disruption and bring stability of its shareholding base and its operation
Best cross-border M&A

I Squared Capital US$1.9 billion acquisition of Hutchison Global Communications
Credit Suisse, Deutsche Bank
Credit Suisse, Credit Agricole CIB, Deutsche Bank

Largest telecom transaction and acquisition financing in Hong Kong since 2014. The deal enables Hutchison Telecommunications to effectively focus its resources on core business
Best transport deal

China Eastern Airlines/Delta Airlines acquisition of 10% stake in
Air France-KLM

The deal is a first of its kind, linking three airlines in Asia, Europe and North America through equity investment. It also represents China’s first outbound investment into a foreign flag carrier
Best privatization

Belle International US$6.8 billion privatization
Hillhouse Capital, CDH Investments, Belle management
Bank of America Merrill Lynch
Anglo Chinese Corporate Finance
ANZ, Bank of America Merrill Lynch, Bank of China (HK), China CITIC Bank (Shenzhen), China Merchants Bank, China Minsheng Banking Corporation (HK), DBS, ICBC (Asia), Mitsubishi Financial UFJ Group, Shanghai Pudong Development Bank (Shanghai)
Bank of China (Macau)

The largest ever private equity sponsors-led privatization in Asia-Pacific and the largest ever solely underwritten private equity sponsors-led acquisition financing in Asia-Pacific
Best LBO

Nesta Investment Holdings US$4.65 billion syndicated credit facilities
HOPU Logistics Investment Management, Hillhouse Capital Logistics Management, SMG Eastern Limited, Bank of China Group Investment, Vanke Real Estate (HK)
CICC, Citi, DBS, Goldman Sachs, J.P. Morgan, Morgan Stanley
Citi, Goldman Sachs

The transaction funded the acquisition of Global Logistic Properties, the largest ever private equity buyout of an Asian company and the largest ever M&A in Singapore
Best syndicated loan

Reliance Industries US$1.75 billion syndicated term loan facilities
ANZ, Bank of America Merrill Lynch, Bank of Nova Scotia, Bank of Tokyo-Mitsubishi UFJ, Barclays, BNP Paribas, Citi, Credit Agricole CIB, DBS, First Abu Dhabi Bank, HSBC, Mizuho Bank, Standard Chartered, Sumitomo Mitsui Banking Corporation, United Overseas Bank, Westpac Banking Corporation
Bank of China, Export Development Canada, J.P. Morgan, Korea Development Bank
Mega International Commercial Bank Company

The transaction was well-received with 33 banks participating, allowing Reliance to continue to build traction with its growing investor base
Best cross-border securitization

China Opportunity International US$632 million securitization of Chinese local government bonds
Bank of China, Standard Chartered

The transaction serves as a groundbreaking repackaging platform that provides international investors direct access to Chinese local government bonds
Best domestic securitization

BMW Financial Services Korea Company 370 billion won auto receivables ABS
BNP Paribas
Bookook Securities

The transaction includes significant improvements from BMW’s first domestic securitization in 2016, such in tranching to minimize idle cash and reduction in subordination requirement
Best debt restructuring

Kaisa Group Holdings US$3.5 billion senior notes exchange offer and new issuance
Credit Suisse, China CITIC Bank International, BOC International, Deutsche Bank
Credit Suisse, China CITIC Bank International, BOC International, Deutsche Bank, China Merchants Securities (HK)

Transformational deal for the company that paved the way for future capital raisings just two years after its bond default
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