Linklaters advised the mandated lead arrangers on a US$1.5bn certain funds financing for a consortium led by Starwood Capital Group, Sixth Street and SSW Partners, and others, in connection with their proposal to privatise ESR Group by way of scheme of arrangement from the Hong Kong Stock Exchange.
ESR Group is listed on the Hong Kong Stock Exchange and is one of Asia-Pacific’s leading real asset managers focusing on the new economy sectors of logistics, data centres, and alternative real asset classes across Japan, Korea, Australia, China, Southeast Asia, and India. The proposed offer is valued at HK$55.2bn (US$7.1bn) on an equity value basis, making it the largest privatisation from the Hong Kong Stock Exchange since 2021.
The cross-border Linklaters team was led by banking partners Frank Cui, Alessandro Nolet and Nick Syson, alongside banking counsel Douglas Doherty.
Linklaters’ cross-jurisdictional banking practice has advised on some of the most significant transactions, structuring innovative solutions to meet clients’ needs on complex financing. Linklaters’ global Leveraged Finance group is at the cutting edge of the market and continues to advise on some of the biggest and most innovative deals globally.
About Linklaters LLP
Linklaters LLP is a leading global law firm, advising the world’s leading companies, financial institutions and governments on their most important and challenging transactions and assignments. We combine legal expertise with a collaborative and commercial approach to help clients navigate constantly evolving markets and regulatory environments, pursuing opportunities and managing risk worldwide. With offices in major business and financial centres, we deliver an outstanding service to our clients anywhere in the world. Our 3,100 + lawyers, located across 31 offices in 21 countries, specialise in industry sectors as well as practice areas across three divisions: Corporate; Litigation, Arbitration and Investigations; and Finance.
