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Two O'Melveny Transactions Named Deals of the Year by International Financial Law Review

March 05, 2012  
FOR IMMEDIATE RELEASE

Contact:

Sonja Steptoe                               
O'Melveny & Myers LLP
+1 213.430.6384 (office)
+1 323.578.1586 (cell)
ssteptoe@omm.com

Julie Fei
O'Melveny & Myers LLP
+1 213.430.7792 (office)
+1 213.440.7792 (cell)
jfei@omm.com


HONG KONG - MARCH 5, 2012 - O’Melveny & Myers LLP won coveted “Deal of the Year” honors from International Financial Law Review (IFLR) for its work on two important Private Equity and Securitization/Structured Finance transactions in 2011. The publication announced the honors at its Asia Awards 2012 ceremony on February 23, 2012, in Hong Kong.

O'Melveny advised PT Global Mediacom on its sale of a minority stake in PT Media Nusantara Citra Tbk (MNC) to Saban Capital Group, which was named IFLR’s Private Equity Deal of the Year. MNC is the largest broadcaster of entertainment and news in Indonesia. The investment by Saban in MNC is one the first true Private Investment in Public Equity (PIPE) deals by a global private equity fund in Indonesia that features a private sale of a substantial stake in a major listed company. The O’Melveny team was led by partner Joel Hogarth and counsel Andrew Ellis, with support from counsel Siew Kam Boon and associate Andrew Payne.

“It’s an honor for us to receive such a prestigious award from IFLR recognizing our work on this transaction,” said Hogarth, coordinator of the Firm's Indonesia practice. “As it continues to grow in prominence as one of the fastest growing emerging markets, Indonesia will encourage innovative dealmaking. We're especially pleased that this achievement rewards our efforts to structure creative cross-border deals in the region.”

IFLR also awarded the 2011 Securitization and Structured Finance Deal of the Year to the US$300 million securitization of certain Korean Air US dollar receivables. O’Melveny represented Standard Chartered Bank in the transaction.

IFLR is the industry’s trusted source for providing analysis and information on developments in financial markets law to in-house counsel and practitioners. Since 1982, IFLR has been providing unbiased and comprehensive news analysis on international deals, reports on legislative changes, practice issues, latest techniques, and best practice strategies.

About O’Melveny & Myers LLP’s Asia Practice
O’Melveny & Myers LLP began its practice in Asia nearly 25 years ago, and over this time we have become one of the most respected and full-service legal service providers in the region. The Firm maintains large offices in the most important political and commercial centers of Beijing, Shanghai, Hong Kong, Singapore, Tokyo, and an association with leading Indonesian law firm Tumbuan & Partners in Jakarta. Most of our lawyers are native to the region, understand the local law and business practices, speak the local languages, and, most importantly, function as an integrated team that taps the Firm’s vast resources in Asia and globally, delivering value and expediency to its clients. The China practice is widely and frequently recognized as one of the strongest on the market. The Japan practice has been recommended by The Legal 500 and Chambers Global for corporate, mergers and acquisitions, and dispute resolution work. Our office in Singapore, opened in 2008, has grown rapidly and is a hub for corporate, finance, and private equity work for the entire South and Southeast Asia region. In late 2011, we established an association in Jakarta, Indonesia, with Tumbuan & Partners. A presence in Indonesia expands our strengths and better positions us to serve the needs of our global clients who increasingly are doing business in Southeast Asia.

About O’Melveny & Myers LLP
With approximately 800 lawyers in 15 offices worldwide, O’Melveny & Myers LLP helps industry leaders across a broad array of sectors manage the complex challenges of succeeding in the global economy. We are a values-driven law firm, guided by the principles of excellence, leadership, and citizenship. Our commitment to these values is reflected in our dedication to improving access to justice through pro bono work and championing initiatives that increase the diversity of the legal profession. For more information, please visit www.omm.com.