October November 2024 Deals Roundup | Baker McKenzie Newsroom
Over the past months, Baker McKenzie lawyers have been tackling some major deals around the globe. Here’s a look at some key transactions that have been making waves in the finance world:
1. Acuity Brands
In a deal worth USD 1.215 billion, Acuity Brands has its sights set on acquiring QSC. Leading the legal team is Darcy Down from Los Angeles and Leif King from Palo Alto.
2. Arabian Mills for Food Products Company (Arabian Mills)
Arabian Mills recently made a splash with its Regulation S initial public offering (IPO) on the main market of the Saudi Exchange (Tadawul). This move, with an estimated market capitalization of USD 903 million, signals strong demand. The legal team behind this deal includes Mohammad Al Rasheed, Ayatt Ashour, Bayan AlDaej from Dubai, and Charles Farnsworth from London.
3. ArcelorMittal
Through a joint venture with Baker McKenzie FenXun, ArcelorMittal has signed agreements with China Oriental Group to establish joint ventures for the production of HRC substrates and new energy soft magnetic material products, totaling USD 2.66 billion. Cherrie Shi from Shanghai is taking the lead on this one.
4. Bangkok Bank Public Company Limited, Bank of Ayudhya Public Company Limited, Krung Thai Bank Public Company Limited, and Standard Chartered Bank (Thai) Public Company Limited
These banks have successfully offered a sustainability-linked bond (SLB) issuance of up to USD 870 million for the Kingdom of Thailand. This initiative marks the first sovereign SLB issue in Asia, with Kowit Adireksombat from Bangkok and Ashok Lalwani from Singapore leading the legal team.
5. Berlin Packaging
Berlin Packaging, backed by Oak Hill Capital Partners and the Canada Pension Plan Investment Board, has acquired RIXIUS AG, a German supplier specializing in rigid packaging for the industrial end market. This acquisition, part of Berlin Packaging’s European growth strategy, is being managed by Daniel Dehghanian from Düsseldorf.
6. Daiwa House Industry Co., Ltd. (Daiwa House)
Daiwa House recently embarked on a minority investment in Alliance Residential Company, a prominent rental residential real estate developer in the US. Legal counsel for this deal is being led by Tetsuo Tsujimoto from Tokyo.
7. Emirates NBD Bank PJSC, Goldman Sachs International, HSBC Bank plc, J.P. Morgan Securities plc, and Merrill Lynch International
These joint bookrunners have successfully issued USD 800 million senior guaranteed sustainability-linked notes for Zorlu Enerji. This transaction marks the seventh bond issuance in Türkiye in 2024 and was handled by Megan Schellinger and Rob Mathews from London.
8. Enilive S.p.A.
Enilive, in partnership with Petroliam Nasional Berhad (PETRONAS) and Euglena Co., Ltd., are developing a biorefinery in Malaysia. Paolo Ghiglione from Milan is heading the legal team for this joint venture.
9. Haier Smart Home
Haier Smart Home has closed the acquisition of Carrier Global Corporation’s commercial refrigeration business for about USD 775 million. Legal advisors on this acquisition include Marco Marazzi, Margherita Pasi, and Lorenza Mosna from Milan, Felix Werner from Frankfurt, Koen Bos from Amsterdam, and Cynthia Cole from Palo Alto.
10. H. Lundbeck A/S (Lundbeck)
In a significant move, Lundbeck is acquiring Longboard Pharmaceuticals, Inc. for USD 2.6 billion. This acquisition aligns with Lundbeck’s Focused Innovator strategy and was managed by Alan Zoccolillo, Piotr Korzynski, Randall Sunberg, and Gwen Karanadze from different offices.
11. UBE Corporation
UBE Corporation, a leading Japanese chemical company, has acquired LANXESS’ Urethane Systems business for about USD 500 million. The legal team steering this acquisition includes Dr. Johannes M. Baumann and Christian Atzler from Frankfurt and Tetsuo Tsujimoto from Tokyo.
These are just some of the major deals that Baker McKenzie lawyers have been involved in, showcasing their expertise and international reach in the finance and securities world. For more details on each transaction, feel free to click on the links provided above.
