Linklaters has advised the Joint Global Coordinators and Joint Bookrunners on the highly successful US$3.2 billion IPO of Felda Global Ventures Holdings Berhad (FGVH) on the Malaysian Stock Exchange. The largest IPO in Asia in 2012 and the second largest in the world this year after Facebook.
FGVH is an arm of the Federal Land Development Authority (Felda), a government agency that provides land to rural poor. In 2011, FGVH was ranked as the third largest oil palm plantation operator in the world based on planed hectarage.
Linklaters advised Joint Global Coordinators and Joint Bookrunners: CIMB Investment Bank Berhad, Maybank Investment Bank Berhad, Morgan Stanley & Co. International plc, as well as, Joint Bookrunners Deutsche Bank AG, Hong Kong Branch and J.P. Morgan Securities Ltd.
Capital Markets partner Kevin Wong, who co-led the Linklaters’ team, said:
“The Felda IPO is a landmark transaction that has cemented Malaysia’s status as Asia’s top IPO destination for 2012. This is a testament to both the quality of companies being listed and the resilience of the Malaysian equity market.”
The Linklaters team was led by partners Kevin Wong, Arun Balasubramanian and counsel Rob Rosen and comprised of US Associates Nathan McGlothlin, Angela Huang and Dylan Letrich supported by Justen Bersin and Julia Mandich.
