Allen & Overy has relocated banking partner Ashley Young from Tokyo to Hong Kong, in a move to strengthen its leveraged and acquisition finance practice.

Young’s practice is focussed on international cross-border banking transactions, particularly in the areas of leveraged acquisition finance, telecoms finance and syndicated lending, advising both sponsors/borrowers and banks. Some significant deals that Young has led include advising a group of 10 commercial banks in the US$2.75bn acquisition by Lion Power of Temasek’s Senoko Power – the largest power asset financed on a limited recourse basis in Asia and the largest Singapore purchase price for a power asset.

In 2009, Ashley also led the Allen & Overy team which advised the ten banks on the US$1.9bn refinancing of existing debt from the Lion Power-Senoko Power acquisition.  Both transactions were amongst the largest financings in Asia at the time.ALB

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