KarthikKumar

Partner

(T) + 65.6233.5980

Karthik Kumar is an experienced project development and finance lawyer with more than 14 years' experience across the Asia-Pacific region. He has advised on the development, financing, sale, and acquisition of complex and high-profile energy and infrastructure projects in the region, including projects in India, Bangladesh, Indonesia, Sri Lanka, Singapore, Vietnam, Thailand, Myanmar, Philippines, China, and Australia.

Karthik acts for a wide variety of clients such as developers, sponsors, borrowers, and financial institutions, including leading banks, multilateral lending institutions, and investment banks.

Karthik has wide-ranging experience in the renewable energy sector having acted on significant small and utility-scale solar and wind power projects in India, Bangladesh, Australia, and Thailand. He is highly regarded for his in-depth regulatory knowledge and significant transactional experience in South East Asia particularly in India, Bangladesh, and Sri Lanka. Karthik is a dual qualified lawyer in England and India and is fluent in English, Hindi, and Bengali.

Prior to joining Jones Day in Singapore, Karthik worked for major law firms in Australia for more than six years and in India for more than three years. He also worked in-house with Investec Bank in Sydney.

Karthik is a regular speaker at banking and infrastructure events, including the Asia Pacific Loan Market Association and the International Project Finance Association.

Karthik is recognized by The Legal 500 (2017) as a recommended projects lawyer in Singapore for foreign firms.

Experience

  • Arsenal Capital Partners acquires Seal for Life Industries from Berry Global Group Inc. for $328 millionJones Day advised Arsenal Capital Partners on the $328 million acquisition of Seal for Life Industries from Berry Global Group Inc.
  • Investment Technology Group acquired by Virtu Financial, Inc. for $1.0 billionJones Day advised Investment Technology Group, Inc. (ITG) in respect of regulatory and other approvals and notifications in Australia, Hong Kong, and Singapore relating to the acquisition by Virtu Financial, Inc. of ITG in a cash transaction valued at $30.30 per ITG share, or a total of approximately $1.0 billion.
  • Wabtec and GE Transportation merge in $11.1 billion transactionJones Day advised Wabtec Corporation in a Reverse Morris Trust merger with GE Transportation, valued at $11.1 billion.
  • UPL acquires Arysta LifeScience from Platform Specialty Products Corporation for $4.2 billionJones Day advised UPL Limited ("UPL"), a leading global generic agrochemical company based in India, in connection with its subsidiary, UPL Corporation Limited’s, US$4.2 billion acquisition and related $3 billion term financing of Arysta Lifescience Inc. (“Arysta”), a global provider of crop protection solutions, including bio-solutions and seed treatment, from NYSE listed Platform Specialty Products Corporation (“Platform”).
  • Babcock Power reaches technology collaboration agreement with BHEL with respect to thermal power projects in IndiaJones Day advised Babcock Power, Inc. on the technology collaboration agreement with Bharat Heavy Electricals Limited (BHEL), for selective catalytic reduction systems for De-NOx application with respect to thermal power projects in India.
  • Surya Prakash Vietnam Energy Company develops first solar power project in Vietnam under new Vietnamese solar power regulationsJones Day is advising Surya Prakash Vietnam Energy Company Limited, a subsidiary of India's Shapoorji Pallonji Infrastructure Capital, in connection with its Phase 1 development of a 50MW grid connected solar power project in Ninh Thun Province in Vietnam.
  • GAIL Global obtains US$100 million trade finance facility from HSBC, SingaporeJones Day represented GAIL Global (Singapore) Pte. Ltd., a leading LNG trading, shipping, and risk management company, in connection with a US$100 million trade finance facility from HSBC, Singapore for the financing of trading activity of liquefied natural gas.
  • GAIL Global obtains US$70 million facilityJones Day represented GAIL Global (Singapore) Pte. Ltd., a leading LNG trading, shipping, and risk management company, in connection with a US$70 million working capital facility with ICICI Bank Limited, Singapore Branch, as lender.
  • J.M. Huber sells Silica business to Evonik for $630 millionJones Day advised J.M. Huber Corporation in the sale of its Silica business unit of Huber Engineered Materials to Evonik Industries AG for $630 million.
  • Cardinal Health acquires leading patient product portfolio from Medtronic for $6.1 billionJones Day advised Cardinal Health on the acquisition of Medtronic's Patient Care, Deep Vein Thrombosis and Nutritional Insufficiency businesses for $6.1 billion in cash.
  • GAIL Global obtains US$120 million standby letter of credit facility and trade finance facility from Standard Chartered Bank, SingaporeJones Day represented GAIL Global (Singapore) Pte. Ltd., a leading LNG trading, shipping, and risk management company, in connection with a US$120 million standby letter of credit facility and trade finance facility from Standard Chartered Bank, Singapore.
  • Babcock Power enters into joint venture with ISGEC for licensing technology in India involving thermal power projectsJones Day advised Babcock Power, Inc. on a joint venture with ISGEC Heavy Engineering Ltd., relating to licensing wet flue gas desulfurization technology by Babcock for thermal power projects in India.
  • Ahana Renewables invests in solar power development portfolio in IndiaJones Day advised Ahana Renewables, a subsidiary of ATN (NASDAQ: ATNI), in its purchase of the development business of Armstrong Energy Global ("Armstrong"), a developer, builder, and owner of solar farms in India.
  • Chevron sells companies holding Vietnam Block B offshore gas development project interests to Vietnam Oil and Gas Group (PetroVietnam)Jones Day advised Chevron Corporation affiliates on the sale of their shares in three Bermuda companies that held Chevron's interests in the Block B offshore gas development project in Vietnam.
  • Valmet acquires Metso's Process Automation Systems business for €340 million (US$369.3 million)Jones Day advised Valmet Corporation in its acquisition of Metso's Process Automation Systems business for €340 million (US$369.3 million).
  • Quintiles and Quest Diagnostics to form joint venture to provide clinical trials laboratory servicesJones Day is advising Quintiles Transnational Holdings Inc. in its joint venture with Quest Diagnostics Inc. to form a global clinical trials laboratory services business.
  • Private Indonesian energy company sells shale gas interestsJones Day represented a private Indonesian energy company in relation to the sale of certain shale gas interests, and its investment in ASX-listed company.
  • Jones Day leads commercial law training program in MyanmarThis was a 5 day pilot introductory commercial law training program  in Yangon, Myanmar. The workshop was aimed at providing fundamentals in commercial law for the developing legal practitioner.
  • Bank of America provides $500 million loan facility to Advanced Micro DevicesJones Day represented Bank of America, N.A. in connection with a $500 million syndicated asset-based revolving credit facility provided to Advanced Micro Devices, Inc., a major U.S.-based multinational microprocessor manufacturer and distributor.
  • Riverside acquires Rutland PlasticsJones Day advised The Riverside Company in connection with its acquisition and related financing of Rutland Plastics, Inc., a provider of premium screen printing inks for the apparel industry and plastisol compounds used in coating, molding, and other applications for automotive and industrial customers, with operations located in the United States, the United Kingdom, Peru, and India.
  • The following represents experience prior to joining Jones Day.

    Represented JSW Group in its bid for a greenfield coal mine in Perth, Australia.

    Represented the Indian financial institutions in the restructuring of Enron's Dabhol Power Company, including liaison with government officials, domestic lender groups, and overseas banks in order to reach a settlement and to restart the project, and the consortium of lenders led by IDBI Bank in the refinancing of the Dabhol Power Project in Maharashtra, India.

    Represented an international consortium of bidders led by the GVK Group and South African Airports in its successful bid for developing the Mumbai airport. Subsequently represented Mumbai International Airport Private Limited in the development and privatization of the Mumbai Airport.

    Represented the syndicate lenders led by ICICI Bank in the financing of Karcham Wangtoo hydel power project (1000 MW) in India.

    Represented the World Bank and IFC in the first of its kind municipal financing of a water project in Maharashtra, India.

    Represented the Lanco Group as developers of the Lanco Green Hydel Power Project (70 MW).

    Represented JSW Group as developers in the Raj West Power Project (1000 MW) and advised the developers in the bidding process as well as negotiated the EPC contract and conducting due diligence.

    Represented ICICI Bank in the financing of two national highways in Maharashtra, India.

    Speaking Engagements

    • April 17-20, 2018
      Power and Transportation in Bangladesh, Sri Lanka and Pakistan, 2018 Jones Day Outbound and Overseas Compliance Seminar Series (One Belt One Road)
    • March 20-21, 2018
      The Fantastic transition to renewables: Is it a Golden Opportunity?, moderator, 4th Annual Asia Pacific Energy & Infrastructure Finance Forum
    • May 8, 2017
      Gas to Power / Renewables in South and South East Asia, panelist, IPFA Event: Moving Away from Coal Fired Power Projects
    • June 9, 2016
      Private Mergers & Acquisitions in South and Southeast Asia
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