Morrison & Foerster advises GLP on proposed US$11.64B private equity buyout in Asia

07/14/2017

Shirin Tang, Eric J. Piesner, Lip Kian Ang, Ken W. Muller, and Marcia Ellis

Mergers + Acquisitions and Real Estate

Press Release

SINGAPORE (July 14, 2017) – A cross-office team of Morrison & Foerster attorneys is acting as international counsel to SGX-listed Global Logistic Properties Limited (GLP) in the proposed privatization of GLP by way of a scheme of arrangement, pursuant to which Nesta Investment Holdings Limited will acquire all of the issued and paid-up ordinary shares in the capital of GLP. For more information, see GLP’s press release. The proposed transaction, which was publicly announced on July 14, 2017, values the company at approximately US$11.64 billion. It has been reported to be the largest-ever private equity buyout of an Asian company by enterprise value.

The MoFo team advising GLP is being led by Singapore corporate partners Eric J. Piesner and Shirin Tang and senior associate Lip Kian Ang. Other key team members include San Francisco funds partner Ken Muller and Hong Kong corporate partner Marcia Ellis.

MoFo has represented GLP in numerous other transactions in its global expansion. In the last two years, MoFo’s award-winning Asia corporate team has advised on private equity real estate transactions totaling more than US$24 billion in deal value, including many of the most significant transactions in the industry. Morrison & Foerster has also consistently ranked within the top three law firms for Asia transactional or fund formation work in the Private Equity Real Estate (PERE) Global Awards for each of the last four years.

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