Sidley Austin has successfully represented GT Capital Holdings Inc. (“GT Capital”), a major Philippine conglomerate with interests in market-leading businesses across banking, real estate development, power generation, automotive and life insurance, in one of the largest initial public offerings (“IPO”) on the Philippine Stock Exchange. The IPO, listed on April 20, was comprised of both a domestic retail and international institutional offering and raised approximately PhP 18.8 billion (US$439.6 million).
Partner Alex Lloyd led the Sidley team, which also consisted of Benjamin Carale and Dorothy Dizon. Mr. Lloyd and his team advised GT Capital on U.S. law.
Commenting on the transaction, Mr. Lloyd said, “We are honored to have had the opportunity to act as international counsel to GT Capital in its successful IPO. The global offering was the first IPO of its kind from a Philippine company this year and was very well-received. We hope it is just the first of many more to come.”
GT Capital is the investment holding vehicle of Dr. George S. K. Ty and his family. The company has interests in market-leading entities such as Metrobank, Federal Land, Toyota Motor Philippines, Philippine AXA Life Insurance Corp. and Global Business Power.
In 2012, Sidley celebrates 30 years in Asia as one of only a few U.S. law firms with a continuous presence in the region for three decades. During that time, we have earned a reputation as a leading law firm in Asia, with extensive knowledge in the critical areas for international business and a sensitivity to the cultural differences that impact our clients who are considering and executing cross-border transactions.
Sidley has one of the largest and most active Asia Pacific capital markets teams, led by 15 partners. Our reputation for creativity is evidenced by IFLR Asia’s 2010 award, Most Innovative U.S. Law Firm. We have acted as issuer’s counsel on numerous equity transactions from across China and the Southeast Asia region, such as the Philippines, mainland China, Hong Kong, Indonesia, Vietnam, Macau and Taiwan. In addition, we represent the leading financial institutions in their role as underwriter or sponsor. With lawyers qualified to practice U.S., Hong Kong and English law, we also have the capability to handle dual listings and cross-border IPOs such as SEC-registered IPOs listed on the New York Stock Exchange or NASDAQ. In recent years, we have handled more than 150 IPOs , most of which are listed on the Stock Exchange of Hong Kong. A significant number involve a concurrent global placement pursuant to Rule 144A and Regulation S.
Sidley Austin LLP is one of the world’s premier full-service law firms, with approximately 1700 lawyers practicing in 18 U.S. and international cities, including Beijing, Brussels, Frankfurt, Geneva, Hong Kong, London, Shanghai, Singapore, Sydney and Tokyo. Repeating its performance in the inaugural 2010 survey, Sidley received the most first-tier national rankings of any U.S. law firm in the 2011/12 U.S.News – Best Lawyers “Best Law Firms” survey. Sidley was also named the U.S.News – Best Lawyers “Law Firm of the Year” in both Corporate Law and Securities Regulation in the 2011/12 survey (the first year of such designations). BTI, a Boston-based research and consulting firm, has named Sidley as one of only three firms to have been in the top ten of the BTI Client Service rankings every year since the inception of those rankings in 2001, and as number one in three of those years.
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