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Ropes hires finance lawyer from STB as it seeks to rebuild HK office

BY John Kang |

Ropes & Gray has hired Jackie Kahng has a finance partner in its Hong Kong office from Simpson Thacher & Bartlett, where she was an associate. The hire comes as the Hong Kong office witnessed the departure of eight partners last year.
Skadden, STB on insurer MassMutual Asia’s $1.7 bln sale to Jack Ma-backed Yunfeng

BY John Kang, Reuters |

Skadden, Arps, Slate, Meagher & Flom has advised U.S. insurer MassMutual International on a $1.7 billion deal to sell its Hong Kong unit to an investor group led by Jack Ma-backed finance firm Yunfeng Financial Group, which turned to Simpson Thacher & Bartlett for counsel.
STB and Japan’s N&A, MHM, AMT on KKR’s $2.3 bln buy of Hitachi unit

BY John Kang, Reuters |

Simpson Thacher & Bartlett and Nishimura & Asahi advised U.S. buyout firm KKR on its $2.3 billion acquisition of Hitachi Kokusai Electric, the Japanese conglomerate’s chip-making equipment and video solution unit, which tapped Mori Hamada & Matsumoto for advice.
PH, STB, Latham on Zhonghong’s $448 mln stake buy in SeaWorld

BY John Kang, Reuters |

Paul Hastings has represented China’s Zhonghong Zhuoye Group in acquiring a 21 percent stake in SeaWorld Parks & Entertainment from Blackstone Group for about $448 million.
CC, STB on Comcast’s $2.3 bln purchase of remaining stake in Universal Studios Japan

BY John Kang, Reuters |

Clifford Chance has advised Comcast NBCUniversal on its $2.3 billion purchase of the remaining 49 percent it does not already own in Universal Studios Japan from an investor group that includes Goldman Sachs, which turned to Simpson Thacher & Bartlett and Nagashima Ohno & Tsunematsu for counsel.
STB, MHM star in $1.3 bln sale of Hitachi Koki to KKR

BY Raj Gunashekar, Reuters |

Simpson Thacher & Bartlett has advised global PE firm Kohlberg Kravis Roberts (KKR) on its $1.3 billion acquisition of power-tool maker Hitachi Koki, which was advised by Mori Hamada & Matsumoto.
STB, MHM counsel KKR on $4.5 bln Japan auto parts buy

BY Raj Gunashekar |

Simpson Thacher & Bartlett (STB) and Mori Hamada & Matsumoto have advised U.S. buyout firm KKR & Co in its acquisition of Nissan Motor-backed auto parts maker Calsonic Kansei Corp for up to 498.3 billion yen ($4.5 billion).
STB, Mori Hamada advise JR Kyushu on $3.9 bln IPO

BY Chris Thomson |

Simpson Thacher & Bartlett and Mori Hamada & Matsumoto have advised Japan’s Kyushu Railway Company (JR Kyushu) on its $3.9 billion (416 billion yen) IPO on the Tokyo Stock Exchange, with Sullivan & Cromwell and Anderson Mori advising the joint lead managers.
Cleary, STB on Line Corp’s Tokyo-New York IPO

BY Ashima Ohri, Reuters |

Cleary Gottlieb Steen & Hamilton is advising Line Corp, a Japanese messaging app operator, on an initial public offering of its shares in Tokyo and New York that could value the company at 588 billion yen ($5.5 billion).
STB, Freshfields, SAM act on Blackstone’s $1.1 bln acquisition of Mphasis stake

BY Karuna Jainpalli |

Shardul Amarchand Mangaldas and Simpson Thacher & Bartlett and Kirkland & Ellis have advised Blackstone Group on its $1.1 billion acquisition of a majority stake in Indian IT outsourcing services provider Mphasis