Davis Polk advised Morgan Stanley & Co. International Plc in its capacity as the sole placing agent for the placement of 270,000,000 shares indirectly held by funds advised by Permira in Galaxy Entertainment Group Limited (GEG) for a total consideration of approximately US$613 million.
GEG is one of Asia’s leading developers and operators of integrated entertainment and resort facilities and its shares are listed on the Main Board of the Hong Kong Stock Exchange. Currently, GEG owns and operates StarWorld Hotel and Casino. It also operates four City Club casinos in Macau.
Permira is a European private equity firm based in London.
The Davis Polk team included partners Paul Chow and James C. Lin, associates Stephen Takahashi, Peter Cheng and Yang Chu and registered foreign lawyer Haipeng Liang. All members of the Davis Polk team are based in the Hong Kong office.
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