Richard Ho focuses on capital markets and corporate matters. He has been nominated as a standout lawyer in the independent global survey of senior in-house counsel by Acritas and has been described as “very responsive and thorough” by clients. He has worked in Asia and also served as a commissioned officer in the Singapore Army, where he led humanitarian relief operations and conducted investigations, courts-martial and summary trials.
Mr. Ho’s equity capital markets and corporate experience includes advising:
Phoenix Group on its £935 million Class 1 acquisition of Abbey Life from Deutsche Bank partly funded by a £735 million premium listed rights issue; Nokia on the US$7.2 billion sale of its devices and services business, and the issue of €1.5 billion convertible bonds to Microsoft; Ctrip on its £1.4 billion acquisition of Skyscanner; Old Mutual on the strategic and managed separation of OM Asset Management through a US$308 million IPO on the New York Stock Exchange and subsequent secondary public offerings and private disposals for an aggregate consideration of more than US$2 billion; Ares Life Sciences on the U.K. court-approved €1 billion cross-border merger of Stallergenes and Greer Laboratories to create a global biopharmaceutical company registered in the U.K. and listed in Paris; Russell Investments on its US$2.7 billion acquisition by the London Stock Exchange Group; CF Industries on its proposed US$8 billion acquisition of OCI’s distribution businesses; Globalworth Real Estate on its €340 million placement of shares listed on AIM; M7 Real Estate on the establishment of a new U.K. REIT and the proposed £300 million IPO and premium listing on the London Stock Exchange; the financial advisors to the management buy-in team in the £1.4 billion acquisition of The Automobile Association via an accelerated IPO on the London Stock Exchange; Hochschild Mining on its £65 million premium-listed rights issue; PIK Group on its US$255 million tender offer for and cancellation of its GDRs listed on the London Stock Exchange; and Gazprom on its listing of global depositary shares on the Singapore Exchange.
Mr. Ho’s debt capital markets experience includes advising:
the underwriters on the State of Qatar’s US$14 billion bond issues; the underwriters on HSBC’s issuances of senior, subordinated and contingent convertible notes in excess of US$15 billion; Westfield on its £800 million and US$500 million offerings of guaranteed senior notes; The Egyptian General Petroleum Corporation on its US$1.3 billion pre-export financing; The Arab Republic of Egypt on the establishment of its US$12 billion debt programme; Banco BTG Pactual on its US$5 billion medium-term note programme, the US$1 billion and CNY 1 billion syndicated note issues under the programme, and the US$1.3 billion offering of perpetual subordinated notes to fund its acquisition of BSI; Endo International on its US$1.2 billion and US$1.635 billion high-yield bond issuances in connection with its acquisitions of Auxilium Pharmaceuticals and Par Pharmaceutical; Ecolab on its US$2 billion STEP-labelled Euro Commercial Paper Programme; SIBUR on its debut US$1 billion bond issue; Eurasia Drilling Company on its debut US$600 million bond issue; CEMEX on issuances and refinancings of its senior secured notes in excess of US$15 billion; Ashtead Group on issuances of US$2.6 billion senior secured notes; the ultimate shareholder of Russian Standard Bank on a U.K. court-sanctioned scheme of arrangement to restructure its US$550 million of Eurobonds; Brunswick Rail on a consent solicitation to restructure its US$600 million bonds; and BNY Mellon as trustee and JP Morgan and Deutsche Bank as solicitation agents in the initial issue and a consent solicitation to revise the financial covenants of EVRAZ’s US$700 million bonds.