10 December 2024
Banking
Linklaters advises on the financing for the proposed take-private of ESR Group
Linklaters advised the mandated lead arrangers on a US$1.5bn certain funds financing for a consortium led by Starwood Capital Group, Sixth Street and SSW Partners, and others, in connection with their proposal to privatise ESR Group by way of scheme of arrangement from the Hong Kong Stock Exchange.
ESR Group is listed on the Hong Kong Stock Exchange and is one of Asia-Pacific’s leading real asset managers focusing on the new economy sectors of logistics, data centres, and alternative real asset classes across Japan, Korea, Australia, China, Southeast Asia, and India. The proposed offer is valued at HK$55.2bn (US$7.1bn) on an equity value basis, making it the largest privatisation from the Hong Kong Stock Exchange since 2021.
The cross-border Linklaters team was led by banking partners Frank Cui, Alessandro Nolet and Nick Syson, alongside banking counsel Douglas Doherty.
Linklaters’ cross-jurisdictional banking practice has advised on some of the most significant transactions, structuring innovative solutions to meet clients’ needs on complex financing. Linklaters’ global Leveraged Finance group is at the cutting edge of the market and continues to advise on some of the biggest and most innovative deals globally.
ESR Group is listed on the Hong Kong Stock Exchange and is one of Asia-Pacific’s leading real asset managers focusing on the new economy sectors of logistics, data centres, and alternative real asset classes across Japan, Korea, Australia, China, Southeast Asia, and India. The proposed offer is valued at HK$55.2bn (US$7.1bn) on an equity value basis, making it the largest privatisation from the Hong Kong Stock Exchange since 2021.
The cross-border Linklaters team was led by banking partners Frank Cui, Alessandro Nolet and Nick Syson, alongside banking counsel Douglas Doherty.
Linklaters’ cross-jurisdictional banking practice has advised on some of the most significant transactions, structuring innovative solutions to meet clients’ needs on complex financing. Linklaters’ global Leveraged Finance group is at the cutting edge of the market and continues to advise on some of the biggest and most innovative deals globally.
