Mourant acts on winning M&A Deal of the Year at ALB Hong Kong Awards 2018
13 September 2018
I Squared Capital’s acquisition of Hutchison Global Communications (HGC) has achieved 'M&A Deal of the Year (Midsize)' at The Macallan ALB Hong Kong Awards 2018 this month.
Mourant Ozannes advised Asia Cube Global Communications Limited on its winning competitive bid in the US$1.86 billion acquisition of HGC in August 2017.
The Mourant Ozannes team was led by Hong Kong Managing Partner Paul Christopher with Senior Associates Jessica Lee and Paul Trewartha. The team acted alongside onshore counsel Herbert Smith Freehills, Davis Polk & Wardwell, Freshfields Bruckhaus Deringer, Walkers and White & Case.
HGC provides fixed-line telecommunications services for corporate and residential users in 134 countries and territories worldwide, utilising capacity in 33 cable systems interconnecting five continents with 25 points of presence globally, including three major hubs in Hong Kong, Los Angeles and London. Asia Cube Global Communications Limited is wholly-owned by a fund managed by private equity firm, I Square Capital, which is an independent global infrastructure investment manager focusing on energy, utilities and transport in markets including North America and Europe.
The Macallan ALB Hong Kong Awards 2018 took place on Friday 7 September at the Conrad Hong Kong.