Hastings Advises Nomura, Other Banks in AsiaInfo-Linkage Term Loan
Paul Hastings announced the firm represented Nomura, Bank of Taiwan, Cathay United Bank, ICBC International Capital Limited and Maybank Investment Bank Berhad as mandated lead arrangers in a $330 million term loan facility for AsiaInfo-Linkage’s $890 million going-private transaction managed by a consortium led by Chinese private equity company CITIC Capital Partners.
The private investor consortium, which also included Ellington Investments Pte., provided the equity investment for the transaction. This marks China’s second-largest PE sponsored privatization.
The deal, which was first announced in May 2013, was led by partner Brett W. King with support from tax partner Alexander Lee and associates James Ma and Katherine Watlington.
AsiaInfo is a leading provider of telecommunication software solutions in China.