FinanceAsia is pleased to announce the winners of its deal awards, the second of a three-part series revealing our Achievement Awards for 2018.
We will announce the best organisations in a variety of categories tomorrow. But for now — the following deals were the most impressive among all those we considered across various categories.
Walmart’s $16 billion acquisition of a 77% stake in Flipkart Online Services
Financial advisors:
Sell side: Goldman Sachs, Raine Group
Buy side: Barclays, JP Morgan
Legal advisors:
Sell side: J. Sagar Associates, Allen & Gledhill, Cyril Amarchand Mangaldas, Dentons Rodyk & Davidson, Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, Khaitan & Co, Allen & Overy, TriLegal Partners
Buy side: Gibson Dunn & Crutcher, Hogan Lovells, Shardul Amarchand Mangaldas& Co, WongPartnership
BEST BELT AND ROAD DEAL (new category)
Bank of China's $3.2 billion multi-tranche & multi-currency bond
Joint global coordinators; Bank of China, Citi, DBS, Mizuho, OCBC, Standard Chartered
Joint bookrunners: Agricultural Bank of China, Bank of Communications, Bank of China International, China Everbright Bank, China Minsheng Bank, China Construction Bank, Commonwealth Bank of Australia, First Abu Dhabi Bank, ANZ, Westpac, Bank of New Zealand, Credit Agricole, Commerzbank, ING, UBS
Legal Advisors:
Issuer: Linklaters, JunZeJun
Managers: Clifford Chance, Jingtian & Gongcheng
BEST FINANCING (early stage to pre-IPO)
Ant Financial's $14 billion Series C funding
Financial advisors: Deutsche Bank, Citi, China International Capital Corp, CITIC Securities, JPMorgan, Morgan Stanley
Legal advisors:
To Ant Financial: Simpson Thacher & Bartlett, King & Wood Mallesons
To financial advisors: Sullivan & Cromwell LLP
To selected investors: Kirkland & Ellis, Allen & Overy
BEST PRIVATE EQUITY DEAL
Luckin Coffee's fund raising led by Centurium Capital
BEST EQUITY DEAL
Naspers $9.8 billion disposal of a 2% stake in Tencent
Joint global co-ordinators: Bank of America Merrill Lynch, Citi, Morgan Stanley
Legal advisors:
Issuer: Paul, Weiss, Rifkind, Wharton & Garrison, Webber Wentzel
Managers: Davis Polk & Wardwell, Werksman Attorneys
BEST IPO
Vinhomes VND30.8 trillion ($1.349 billion) Initial Equity Offering
Joint global co-ordinators: Citi, Credit Suisse, Deutsche Bank, Morgan Stanley
Joint bookrunners: HSBC, Maybank Kim Eng Securities, Saigon Securities
Legal advisors: Latham & Watkins, Allen & Overy, VILAF
BEST INVESTMENT-GRADE BOND
ChemChina’s $6.4 billion equivalent six-tranche bond
Joint global co-ordinators: Bank of America Merrill Lynch, Barclays, BNP Paribas, Bank of China International, Citic Bank, Commerzbank, Credit Agricole, Credit Suisse, First Abu Dhabi Bank, HSBC, Industrial Bank, Morgan Stanley, MUFG, Natixis, Rabobank, Santander, Soc Gen, Unicredit.
Legal advisors:
Issuer: Latham & Watkins, Jingtian & Gongcheng
Managers: Commerce & Finance, Davis Polk & Wardwell
BEST HIGH-YIELD BOND
NagaCorp’s $300 million 9.375% May 2021 bond
Joint global co-ordinators: Credit Suisse, Morgan Stanley
Legal advisors:
Issuer: Freshfields Bruckhaus Deringer, Maples & Calder, HML Law Group
Managers: Latham & Watkins, DFDL
BEST LOCAL CURRENCY BOND
Temasek Holdings S$500 million 2.7% institutional and retail bond
Global co-ordinator: DBS
Joint bookrunners: HSBC, OCBC, Standard Chartered, UOB
Legal advisors:
Issuer: Allen & Gledhill, Latham & Watkins
Managers: Allen & Gledhill
BEST ESG DEAL
Government of Indonesia's $1.25 billion Green Sukuk
Joint bookrunners: Abu Dhabi Islamic Bank, CIMB, Citi, Dubai Islamic Bank, HSBC
Co-managers: Bahana Sekuritas, Danareksa Sekuritas, Trimegah Sekuritas
Green bond assurance provider: CICERO
Green structuring advisor: HSBC
Legal advisors:
Issuer: Clifford Chance
Managers: Norton Rose Fulbright
This article has been amended with updated information
