David P.Longstaff

Of Counsel

(T) + 65.6233.5991

David Longstaff has been advising clients on M&A and private equity transactions throughout Asia for close to 30 years. His experience includes a wide range of complex cross-border transactions in a variety of industries.

David's practice encompasses M&A, international investments, joint ventures, capital markets, private equity, venture capital, employment, and other corporate and financial transactions.

David has advised numerous financial institutions and multinational companies on cross-border transactions, including Amba Investment Services, Anglo-Chinese, Asian Plantations, CLSA, Coherent Inc., Hanson PLC, Hermes, HSBC, Hutchison, J.F. Lehman, Korea Electric Power, Mitsubishi, Mitsui & Co. Ltd, MUI, Shell, Sherwin-Williams, Singapore Petroleum Company Limited, Standard Chartered, Suez Energy, Sumitomo, Tanjong Plc, and Tomen. Venture capital clients include Baring Private Equity Partners and JAIC Asia Capital.

Recent representative transactions include advising Tanjong Plc on its US$528 million acquisition of CDC Group's portfolio of power generation assets in Egypt, Bangladesh, Pakistan, and Sri Lanka; a consortium led by Suez Energy International and Korea Electric Power on their bid for the Philippine assets of Mirant Corporation comprising Mirant Sual, Mirant Pagbilao, and KEPCO Ilijan; Asian Plantations on its sale to Felda Global Ventures for US$173.5 million; Amba Investment Services on its sale to Moody's Corporation; J.F. Lehman on its acquisition of Chemring Group PLC; and Coherent Inc. on its acquisition of Hypertronics Pte Ltd.

David is recognized as a leading private equity and M&A lawyer in Singapore in several legal directories, including the IFLR1000.

Experience

  • BBA Aviation to sell Ontic for $1.365 billionJones Day is advising BBA Aviation plc ("BBA") in the sale of its Ontic business to an investment fund affiliated with CVC Capital Partners for $1.365 billion.
  • PTTEP subsidiary acquires Murphy Oil Corporation’s business in Malaysia for $2.127 billionJones Day represented PTT Exploration and Production Public Company Limited ("PTTEP"), a publicly listed petroleum exploration and production company based in Thailand, in connection with its subsidiary, PTTEP HK Offshore Limited’s acquisition of Murphy Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd. ("Murphy Sabah and Murphy Sarawak"), from a subsidiary of NYSE listed Murphy Oil Corporation.
  • Institutional real estate investors sell shares in PGIM Real Estate AsiaRetail Fund LimitedJonesDay advised various institutional real estate investors in relation to their aggregate US$215 million sale of shares in PGIM Real Estate AsiaRetail Fund Limited, a real estate fund with retail mall assets in Singapore and Malaysia, to a subsidiary of listed Singapore REIT, Frasers Centerpoint Trust.
  • Greystar Asia Pacific forms Greystar China Multifamily Venture I LP with initial $450 million of commitmentsJones Day advised Greystar Asia Pacific Pte. Ltd. in connection with the formation of its first fund vehicle, Greystar China Multifamily Venture I LP, a Singapore-based fund that will acquire and develop multifamily real estate and real estate related assets in targeted cities in the Peoples Republic of China.
  • LaSalle acquires $7 billion Real Estate Multi-Manager business and management of €1.7 billion pan-European fund from Aviva InvestorsJones Day advised Jones Lang Lasalle Incorporated’s subsidiary LaSalle Investment Management on its agreement to acquire the entire Real Estate Multi-Manager (“REMM”) business of Aviva Investors and full ownership of the management of the Encore+ fund (“Encore+”).
  • Resilience Capital acquires certain assets of National Label CompanyJones Day represented Resilience Capital Partners LLC in connection with the acquisition and related financing of certain assets of National Label Company, a global leader in the labeling industry, and its affiliates.
  • Reliance Communications issues $300 million of 6.5% Senior Secured Notes in Reg S offeringJones Day represented Reliance Communications Limited, as international counsel, in connection with its issuance of $300 million of 6.5% Senior Secured Notes due 2020.
  • Asian Plantations sold to Felda Global Ventures for £107.6 million (US$173.5 million) pursuant to general offer under Singapore Code on Take-overs and MergersJones Day advised AIM listed palm oil plantation owner Asian Plantations Limited (APL) in its aggregate £107.6 million (US$173.5 million) public takeover by FELDA Global Ventures Holdings Limited (FGV).
  • Singapore investment holding company seeks to enforce Singapore court judgment in the British Virgin IslandsJones Day is advising a Singapore based investment holding company and its subsidiaries with respect to the recovery of a Singapore judgment debt in its favor against several British Virgin Islands entities.
  • MediaTek merges with MStar Semiconductor for 115 billion New Taiwan Dollars (US$3.8 billion)Jones Day represented MediaTek Inc., a fabless semiconductor company for wireless communications and digital multimedia solutions, in its tender offer for and acquisition of MStar Semiconductor, Inc. for 115 billion New Taiwan Dollars (US$3.8 billion).
  • Amba Investment Services acquired by Moody's CorporationJones Day represented Amba Investment Services Limited, a provider of investment research and quantitative analytics for global financial institutions, in its acquisition by Moody's Corporation, a provider of credit ratings, research, tools, and analysis that contribute to transparent and integrated financial markets.
  • Sumitomo Chemical acquires remaining 40 percent of Nihon OxiraneJones Day advised Sumitomo Chemical Co., Ltd. in the acquisition of the remaining 40 percent of Nihon Oxirane Co. from joint venture partner LyondellBasell.
  • Tokyo Electron attempts $29 billion merger of equals with Applied MaterialsJones Day represented Tokyo Electron Limited in its proposed $29 billion merger of equals with Applied Materials, Inc., which, if completed, would have created a global innovator in semiconductor and display manufacturing technology based in The Netherlands and dual listed on NASDAQ and the Tokyo Stock Exchange.
  • Arcadian Partners launches Teak Tree Investments to invest in Philippine provincial banksJones Day represented Arcadian Partners, a socially motivated venture focused on building the capacity of rural retail banks in Southeast Asia, in connection with the launch of Teak Tree Investments.
  • Singaporean and Australian oil company disputes joint venture agreement in arbitrationJones Day is representing a Singaporean and Australian oil company in a Singapore arbitration involving disputes under a joint venture agreement relating to a production sharing agreement for an offshore Indonesian oil and gas field.
  • J.F. Lehman portfolio company acquires maritime interests of Chemring MarineJones Day advised long-standing client J.F. Lehman & Company, a leading mid-market private equity firm focused on the defense, aerospace, and maritime sectors, in connection with the £32 million (US$50 million) acquisition and related financing by portfolio company Drew Marine of the maritime interests of Chemring Group PLC, a designer, manufacturer, and seller of counter-improvised explosive device (IED) equipment, countermeasures, pyrotechnics, and munitions.
  • Mitsubishi sells 3.4% interest in Strand Minerals (Indonesia) to Pacific MetalsJones Day advised Mitsubishi Corporation (TSE-listed) ("Mitsubishi") in the sale of a 3.4% interest (out of its 33.4% stake) in Strand Minerals (Indonesia) Pte Ltd. ("Strand") to Pacific Metals Co., Ltd. (TSE-listed) ("Pamco").
  • RHJ International sells its 77.9% ownership of Niles Co. to Valeo for ¥15.4 billion (€135 million)Jones Day advised RHJ International SA in its sale of its 77.9% interest in Niles Co., Ltd., a Japanese auto parts manufacturer, to Valeo SA, a worldwide leader in the interior controls market, for a total cash consideration of ¥15.4 billion (€135 million).
  • Coherent acquires HypertronicsJones Day advised Coherent, Inc. in its acquisition of substantially all of the assets of Hypertronics Ptd Ltd. and Hypertronics Technology Sdn Bhd, manufacturers of laser systems for flat panel, storage, semiconductor and biomedical applications in Singapore and Malaysia.
  • Pacific Capital attempts acquisition of stake in Asian digital music and artists management businessJones Day advised Pacific Capital S.a.r.l. in connection with the proposed acquisition of a controlling stake in a group of companies active in the digital music and artists management business in China, Taiwan, Malaysia, and Singapore.
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