Firm Advises on Three “Southeast Asia Deals of the Year”

Asian Legal Business (ALB) has again honored Latham & Watkins for advising on three “Deals of the Year” at the publication’s 2017 Southeast Asia Law Awards. Latham earned recognition in the Midsize M&A, Premium M&A and Project Finance Deal of the Year categories. The awards underscore the strength of Latham’s M&A, project finance and antitrust capabilities worldwide. 

"[H]onouring the best and brightest legal stars from Singapore and Southeast Asia,” ALB named the following transactions among the list of landmark deals:

• GO-JEK Fundraising Round (M&A Deal of the Year, Midsize): Latham advised a consortium of investors led by Warburg Pincus in the equity investment in GO-JEK, an Indonesia-based operator of a motorcycle taxi fleet and provider of delivery services. The deal marked the largest-ever single-round fundraising for an Indonesian technology startup. 
  
• CMA CGM’s Acquisition of Neptune Orient Lines (M&A Deal of the Year, Premium): Latham obtained global antitrust clearance in 14 jurisdictions for the sale of client Neptune Orient Lines, a provider of ocean shipping and container transportation, to CMA CGM. The deal created the world’s third-largest container shipping line.
• Tangguh LNG Train 3 Expansion Project (Project Finance Deal of the Year): Latham represented the Republic of Indonesia through its oil and gas upstream regulatory agency, Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (SKKMIGAS), on the financing of the Train 3 expansion of the Tangguh liquefied natural gas plant in West Papua, Indonesia. Notably, this is the first project in Indonesia that both international and domestic banks have financed, with an international commercial bank tranche and an Indonesian bank tranche, and the first upstream LNG project in Indonesia to have been financed with the majority of LNG sales to the domestic market.