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Paul Hastings Advises Lenders on Leveraged Buy-Out of Carlyle-Owned Company

April 01, 2011

Hong Kong (April 1, 2011) Paul, Hastings, Janofsky & Walker, a leading global law firm, announced today that it has advised ING Bank, Taipei Fubon Commercial Bank and Chinatrust Commercial Bank in connection with the acquisition by IK Investment Partners of the Offshore Incorporations group of companies, which provides company formation and associated services in Asia, from the Carlyle Group. IK Investment intends to create a world leading global trust and corporate services provider by merging the corporate service part of the Group, Acceptor and Credence Trust, with IK's portfolio company Vistra Group, a provider of fund administration, trust and corporate services in Europe. The combined group will have 500 employees and is expected to benefit from Asian GDP growth, foreign direct investment into and out of the flourishing continent and an increase in M&A activity.

Brett W. King, a Partner in the Banking and Finance department commented: We are delighted to have advised on this transaction that demonstrates our strong capabilities in the leveraged finance space. We have successfully consummated this complex transaction involving multiple jurisdictions worldwide.

Paul Hastings Banking and Finance practice is a leader in the field of advising on acquisition and leveraged finance transactions in the Asia-Pacific region. The firm advised on the US$11.7 billion Maxis Communications leveraged buy-out, Southeast Asias largest-ever privatization and more recently on the US$1.8 billion acquisition of Oriental Brewery in Korea.

The Paul Hastings team was led by partners Brett W. King and Derek Roth, who were supported by associates Yeon Jin Seong, Steven J. DeGracia and Frances Feng.


Paul, Hastings, Janofsky & Walker LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.