King & Wood Mallesons advises Warburg Pincus on TPI selldown

King & Wood Mallesons has acted for Warburg Pincus in the sale of all of its shares in Transpacific Industries (TPI) Group by way of a placement to domestic and international institutions.

The placement, representing 33.9 per cent of TPI’s issued capital, was conducted at $1.05 (65p), a 6.7 per cent discount to the last traded price on 1 November 2013. It was managed and underwritten by UBS’s Australia branch.

The King & Wood Mallesons team was led by M&A partner David Friedlander, who was supported by senior associates Amanda Isouard and Jo Thanyakittikul and solicitor Anna Chen.