White & Case Advises Pacific Century Group on Closing of AIG Investment Advisory and Asset Management Purchase

New York, Hong Kong,  March 29, 2010 ... Capping several months of work, global law firm White & Case LLP advised Richard Li's Hong Kong-based Pacific Century Group (PCG) on the closing of its purchase of AIG's investment advisory and asset management business. The worldwide deal closed in New York on March 26, 2010.

Based in New York, AIG Investments operates in 32 countries and manages approximately US$87 billion of investments for institutional and retail clients, across private equity, hedge funds of funds, equities and fixed income. Pacific Century's current interests are focused in infrastructure, property, satellite communications and other investments in the Asia-Pacific region across Singapore, Hong Kong and Japan.

The team advising PCG was split between Asia, PCG’s home base, and New York, where the sale process was run by AIG and its advisors. White & Case's New York, Hong Kong, Tokyo, London and Palo Alto, California, offices were involved to address the significant jurisdiction- specific advice needed.

"We're delighted that, after many months of intensive efforts on this complicated worldwide transaction, PCG has now successfully closed the deal and can move on to managing and growing their newly acquired business," said Steve Teichman, the partner leading the New York team.

In addition to Teichman and John Hartley, the partner who led the Asia side, the White & Case team included partners Matthew Kautz (M&A, New York), Monica Arora (Investment Funds, New York), Jeremy Leifer (M&A, Hong Kong), Bill Dantzler and Sang Ji (Tax, New York), Sharon Hartline (Funds and Regulatory, Hong Kong), and Ken Raskin (Executive Compensation, Benefits and Employment Law, New York); counsels Baldwin Cheng (Bank Finance, Hong Kong), Mark Hamilton (Executive Compensation, Benefits and Employment Law, New York) and Howard Wettan (Intellectual Property, Palo Alto); and associates Andy Shiner, Martin Ulfson, Heather Giannandrea, and Meredith Beuchaw (M&A, New York), Karen Sin (M&A, Hong Kong), Steve Gee (Tax, New York) and Priscilla Wong (Bank Finance, Hong Kong).

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