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Baker McKenzie and Singapore’s TSMP Law Corporation have represented Chinese conglomerate HNA Holding on its $1 billion purchase of Singapore-listed logistics firm CWT, which turned to Kirkland & Ellis and WongPartnership for advice. 

The deal is the latest in a string of overseas acquisitions by HNA, which has businesses in sectors ranging from aviation to financial services, according to Reuters.

Incorporated in 1970 as a private unit of the Port of Singapore Authority, CWT has a network of regional offices and partners that spans 90 countries. The Singapore-listed company also has interests in logistics services, commodity marketing, financial services and engineering services, among others.

HNA said in a filing that the acquisition would help in diversifying its property investment portfolio as well as in boosting its bid to become a leading logistics player, reported Reuters.

Joint managing director Stefanie Yuen Thio led the TSMP team. Managing partner Ng Wai King and partner Quak Fi Ling handled the transaction for WongPartnership.

Partner Elsa Chan and special counsel Man Chiu Lee oversaw the deal for Bakers, which acted for HNA on matters related to Hong Kong law. The K&E team was headed by Hong Kong-based partners Nicholas Norris and Derek Poon. 

 

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