CC and Davis Polk On $8bn China IPO: Davis Polk & Wardwell advised Postal Savings Bank of China on its Hong Kong Stock Exchange float, with Clifford Chance leading for the underwriting banks, including JP Morgan Chase and Goldman Sachs. King & Wood Mallesons acted as Chinese counsel to the banks, while Haiwen & Partners was Chinese adviser to Postal Savings Bank.
Slaughters defends SVG hostile bid: Slaughter and May advised UK private equity house SVG Capital on defending a £1bn hostile takeover attempt by Boston-based HarbourVest Partners. Debevoise & Plimpton’s long-term client HarbourVest made a full cash offer, offering 650p per share. The bid was rejected on 16 September, while shares in SVG jumped to 679p.
