Drew & Napier wins M&A Deal of the Year award at IFLR Asia Awards 2014
27 Feb 2014
Drew & Napier won the M&A Deal of the Year award at the prestigious International Financial Law Review (IFLR) Asia Awards 2014 ceremony in Hong Kong last evening. This was in recognition of our lawyers’ innovative work in the much publicised Fraser & Neave (F&N) contested takeover.
The firm acted for the Offeror, a Special Purpose Vehicle formed by a consortium led by Overseas Union Enterprise Limited (OUE) in relation to its $13.1 billion voluntary conditional cash offer to acquire all of the issued and paid-up ordinary shares in F&N. The OUE offer was one of two competing offers for F&N, the other being the offer by TCC Assets Limited. The takeover of F&N was one of South-East Asia’s largest ever takeover.
The team was led by Co-Heads of Mergers & Acquisitions Gary Pryke and Ralph Lim who advised OUE and OUE Baytown in relation to the takeover bid. Directors Lam Shiao Ning and Sean Ng advised OUE on the consortium arrangements. Directors Sandy Foo and Farhana Siddiqui and Associate Director Wang Shue Wen advised OUE on the financing of the bid.
For 16 years, the IFLR Asia Awards have recognised the region’s most innovative deals, and the firms that worked on them. To select the shortlists and the winners, IFLR’s editorial staff speak with many lawyers and other professionals across the region. Both private practice and in-house counsel are interviewed, and decisions by the editorial team are based on extensive research.
Read more about Drew’s M&A Practice here.
Ralph Lim, Co-head of M&A (second from left) received the M&A Deal of the Year award at the IFLR Asia Awards 2014 ceremony in Hong Kong on 26 February 2014.