Daniel Lindsey

Recent examples of Daniel’s work includes acting for:

Leveraged and Acquisition Financings

• ChrysCapital, a leading investment firm in India on its bid to acquire Indian medical device maker Healthium Medtech (in conjunction with Mankind Pharma) from Apax Funds.

• Hillhouse Capital
  • on the leveraged financing for its bid to acquire Eu Yang Sang, one of the leading traditional Chinese medicine retailer and manufacturers in Asia. 
  • the financial adviser for a consortium led by Hillhouse Capital and comprising CDH and certain management in its US$6.8 billion privatization of Belle International Holdings Limited by way of a scheme of arrangement.

• Geo Energy Resources Limited (Geo Energy) on its US$220 million financing from PT Bank Mandiri, to be applied toward the funding of certain acquisitions, working capital, and other capital expenditure requirements. Geo Energy is a major Indonesian coal producer listed on the mainboard of the Singapore Exchange (SGX) and principally engaged in operating coal mines, coal production, and coal sales throughout Asia.

• FountainVest Partners
  • on its financing arrangements in connection with its investment in Ziwi, a New Zealand-based ultra-premium pet food manufacturer and global exporter.
  • on the leveraged financing for its acquisition of Dairy Queen and Papa John’s Pizza in China.
  • on the leveraged financing for its acquisition of CJ Rokin Logistics and Supply Chain.
  • on the leveraged financing for its bid to acquire a licensee company operating a portfolio of globally recognized consumer brands in China.

• LionRock Capital
  • on the debt restructuring in connection with its acquisition of a majority stake in leading shoe manufacturer and retailer Clarks.
  • on the financing aspects of its acquisition of International Sports Capital S.p.A., which holds 31.05% shares in the football club Inter Milan.
  • on the financing by Oaktree Capital to entities affiliated with Inter Milan.

• Apax Partners on the unitranche leveraged financing for the buyout of Healthium Medtech in India, the first unitranche financing for an Asia leveraged buyout (ex Australia).

• Carlyle
  • Carlyle, CITIC Limited, and CITIC Capital Holdings on the leveraged financing for their acquisition of McDonald’s China and Hong Kong.
  • on the leveraged financing for its acquisition of VXI Global Solutions.

• Baring Private Equity Asia
  • on the US$750 million first and second lien term loan B leveraged facilities for its acquisition of Vistra and the bolt-on of Orangefield.
  • the Special Committee of the Board of Directors of NYSE-listed Nord Anglia Education Inc. in connection with its acquisition by a consortium led by funds affiliated with Canada Pension Plan Investment Board and Baring Private Equity Asia. The transaction was named “PE Deal of the Year” by The Asia Legal Awards 2018.
  • the arrangers on a US$850 million leveraged term facility and US$450 million subordinated limited recourse vendor loan note to finance the US$3 billion leveraged buyout of U.S.-listed Chinese online games developer and operator Giant Interactive Group by a consortium led by Baring Private Equity Asia, CDH, and Hony Capital.

• The financial adviser for CVC Capital Partners US$1.1 billion privatization of Nirvana Asia by way of a scheme of arrangement.

• Ally Bridge Group on the financing to fund its joint offer with a consortium established by an affiliate of the target company’s controlling shareholder and GL Capital Group, in its HK$2.34 billion (US$300 million) privatization offer for the H shares of Shandong Luoxin Pharmaceutical Group (HKSE: 8058) by way of a voluntary conditional cash offer.

• The financial adviser in the US$6.3 billion pre-conditional voluntary general offer by COSCO Shipping Holdings Co., Ltd. and Shanghai International Port (Group) Co., Ltd. to acquire all the shares of Orient Overseas (International) Limited.

Structured Investments and Other Financings

• Ninja Van Group, Southeast Asia’s leading tech enabled logistics organization, on a 3-year committed US$50 million revolving credit facility from HSBC.

• Stonepeak on its strategic, preferred share investment into AGP Sustainable Real Assets, a Singapore-based global infrastructure and real assets developer and operator.

• A private equity backed digital infrastructure platform on a capital expenditure financing advancing amounts based on recurring revenues and contracted receivables.

• A number of private equity funds in respect of downside protections and financing aspects of investments and potential investments (including in connection with a pre-IPO venture debt financing to a portfolio company).

Creditor Representations

• Blue Earth Capital (formerly PG Impact Investments)
  • on its first sustainability-linked loan – a direct-credit investment into Q Collection Pte. Ltd., a leading vertically integrated apparel manufacturer headquartered in Singapore and with manufacturing operations in Bangladesh.
  • on its financing to PT Trihamas.
  • on its mezzanine debt investment into i-Finance Leasing PLC.

• East West Bank
  • on subscription line and other fund financings.
  • on the financing in connection with the acquisition by Lunar Capital of a majority stake in The Women’s Clinic Group.

• Apollo as Singapore counsel on its financing to Yondr Group.

• PAG Asia (and, later, Madison Pacific) as security agent in respect of the sale of secured assets and distribution of related proceeds in connection with a financing to the Zhonghong Group for the purchase of shares in SeaWorld Entertainment, Inc. (NYSE: SEAS).

• Värde in connection with a financing to an Indonesian group.

Fund Financings

• East West Bank on fund financings to Asia-based funds.

• Ally Bridge Group, CBC Group, TR Capital, FountainVest Partners, Hillhouse Capital, Tybourne Capital, Catalys Pacific and a number of other Asia-based funds on subscription line, hybrid NAV, GP, and management fee facilities.

*Includes matters handled by Daniel prior to joining Sidley.