King & Spalding and SyCip Salazar Hernandez & Gatmaitan have advised Japan’s Jera on its $1.58 billion acquisition of stake in Philippines’ Aboitiz Power from its parent company Aboitiz Equity Ventures (AEV), which was represented by Skadden Arps, Slate, Meagher & Flom and Cruz Marcelo & Tenefrancia.

According to Reuters, Jera was exploring several areas of collaboration with the Philippine power generator, including joint development of power projects and collaborating on new generation technologies.

The Skadden team was led by partners Jonathan Stone, Rajeev Duggal, Andrew Foster, Steve Kwok and Alex Jupp. Meanwhile, partners Simon Cowled and Lachlan Clancy led the King & Spalding team.

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