James Clayton-Payne

James’ representative work includes advising:

Energy and Infrastructure

• Apollo-managed funds and affiliates on its US$1.6 billion investment into a joint venture with Keppel Ltd.’s (Keppel) Keppel Offshore Fund, LP, that will hold a portfolio of offshore energy assets
• Frontier Towers on the acquisition of Transcend Towers Infrastructure, the Philippine operating business of American Tower Corporation
• OQ Exploration and Production Company (OQEP), Oman’s largest pure-play oil and gas exploration and production company, on its acquisition of a 35% stake in Block 27 from Mitsui E&P Middle East
• Pinnacle Towers on the acquisition of CREI Towers, an independent Philippines towers company
• PTTEP HK Holding Limited (a subsidiary of PTT Exploration and Production) on its acquisition of Jadestone Energy’s 27.18% equity stake in APICO LLC, which holds a 35% non-operated participating interest in the Sinphuhorm gas field and a 100% participating interest in the Dong Mun gas discovery onshore Thailand
• Digital Realty on its joint venture with Bersama Digital Infrastructure Asia, a Southeast Asian regional digital infrastructure platform, for the purpose of forming Digital Realty Bersama to develop and operate data centers across Indonesia
• Global Network, Inc. (GNI) on a joint venture between Miescor Infrastructure Development Corporation and Phil-Tower Consortium
• ib vogt, a leading utility-scale solar development platform, on its joint venture with AC Energy Corp (ACEN) to set up a platform to fund the construction and operation of large-scale solar power plants and battery storage assets across Asia
• Keppel Infrastructure Trust and Keppel Asian Investments on their Asian investments
• Evolution Data Centres on its:
  • Investment by Zero Two, a digital infrastructure investment platform headquartered in Abu Dhabi
  • Investment by Warburg Pincus to create an Asian data center platform and subsequent joint ventures with:
    • Central Pattana PCL, one of the largest property developers in Thailand, to design, build and operate a state-of-the-art carrier-neutral data center in central Bangkok
    • Megawide Construction Corp, a Philippines-based infrastructure and engineering firm, to build, operate and develop data centers
• Public Investment Fund (PIF) on the acquisition of Zain’s 8,069 telco towers and associated infrastructure units in Saudi Arabia
• PETRONAS on Saudi Aramco’s US$8 billion investment in the RAPID Refinery in Johor *
• PTTEP on its:
  • Acquisition of a 25.5% equity stake in the Seagreen offshore wind farm from TotalEnergies, for a consideration of £522 million
  • Acquisition of Partex Holding B.V. from Lisbon-based Calouste Gulbenkian Foundation*
  • Various upstream and downstream oil and gas investments and divestments in Southeast Asia*
• PTTEP Sarawak Oil Limited (a subsidiary of PTTEP) in connection with a strategic disposal of a minority participating interest in an upstream oil and gas block in Sarawak, Malaysia, to a subsidiary of Petronas
• PLDT on the divestment and restructuring of certain digital infrastructure assets in the Philippines
• SDIC on its acquisition of Batang Toru hydro plant in Indonesia
• A Japanese bidder on the auction process for Altimonan power in the Philippines*
• Pertamina on its strategic M&A opportunities in Asia
• Vena Energy on certain renewables joint ventures in the Philippines*
• Sarawak Energy on a renewables joint venture for a hydropower plant in Indonesia*
• A consortium of bidders on its bid for the National Power Park power assets in Pakistan*
• A Thai wind renewable power producer with respect to its sale process*
• GPSC and B. Grimm on their power investments in Bangladesh*
• BP on its Indonesian oil storage facility joint venture with the Bakries*
• An Indonesian company on its sale of an interest in its data center business*
• The financiers in respect of Solusi Tunas Pratama’s acquisition of telecommunication towers from XL Axiata in Indonesia*

Natural Resources

• MIND ID on its:
  • Acquisition of a 20% interest in PT Vale (PTVI), the largest nickel producer in Indonesia, from Vale Canada and Sumitomo*; and its subsequent acquisition of an increased shareholding from 20% to 34% in PT Vale (PTVI)
  • Strategic M&A and joint venture opportunities in Indonesia*
• The Government of Indonesia on its smelter and refinery joint ventures in Indonesia*
• A family office on the sale of a coal mine in Indonesia to a Chinese state-owned enterprise and establishment of a mine mouth independent power producer*
• Indika on its mining investments in Indonesia*
• An international commodities house on the disposal of its palm oil business in Indonesia*

Private Equity

• Apollo Global Management and Tega Industries consortium on the acquisition of Molycop, an Australia-based global supplier of grinding media for the mining industry
• KKR on the sale of a minority interest in Pinnacle Towers to British Columbia Investment Management Corp (BCI)
• An infrastructure fund on its investment into an Asia-based subsea cable installation and operating company
• Investcorp on its acquisition of a majority interest in Viz Branz, a distributor of F&B brands across China and Southeast Asia*
• I Squared Capital on the:
  • Acquisition of Philippine Coastal Storage & Pipeline Corp, the largest independent import terminal in the Philippines, from Keppel Infrastructure Trust and Metro Pacific Investments Corporation
  • Acquisition of a majority interest in cloud computing companies Mateen Cloud Ventures and Infofabrica Holdings*
• Caisse de dépôt et placement du Québec (CDPQ) on its acquisition of a minority interest in CLP India Private Limited*
• Ontario Teachers’ Pension Plan on its investment into Spandana, an Indian microfinance company*
• An infrastructure fund on its acquisition of a waste-to-energy power plant in Korea*
• An infrastructure fund on its acquisition of an Indonesian telco towers company*
• An infrastructure fund on establishing an LNG delivery and storage business in Indonesia*
• An infrastructure fund on establishing an LNG delivery and storage business in Singapore*
• An infrastructure fund on its establishment of an Indian LNG delivery platform*
• An infrastructure fund on its bid for Coastal Oil and Gas storage in the Philippines*
• An infrastructure fund on its strategic solar power joint ventures across Southeast Asia, Korea, and India*
• NewQuest Capital Partners on its secondary acquisition of a portfolio of investments*
• Standard Chartered Private Equity on its investments and exits in Southeast Asia*
• Goldman Sachs PIA and SSA on its investments in Asia*
• General Electric on the sale of its Indian commercial lending and leasing business to a consortium backed by AION Capital Partners*
• Everstone Capital Partners on the purchase of C3/CustomerContactChannels Holdings*
• Barings on its investment into Cath Kidston retail*

Venture Capital

• Vertex Growth Fund on its US$15 million Series C investment in Validus, an online aggregator platform that connects borrowers and lenders and provides financing to SMEs
• Vertex Growth Management in its investment in the series A1 preferred share financing of Taurus One Private Limited, an e-commerce logistics solutions company
• Twain Therapeutics, a biotechnology company developing precision IL-2/15 therapies for cancer, on its Series A fundraising round
• Tybourne Capital Management on a US$96 million Series C investment into Kopi Kenangan, Indonesia’s fastest growing New Retail F&B chain
• RUMA and its substantial shareholder GoTo (via its vehicles PT Dompet Karya Anak Bangsa and PT Aplikasi Karya Anak Bangsa) on a US$8.5 million Series A financing in RUMA, an Indonesian e-commerce company
• Pinnacle Towers on its seed fundraise by KKR*
• A Hong Kong-based investor on its Series B investment into a Bangladesh e-commerce company*
• Gojek on its:
  • Series A fundraise for GoPlay*
  • Series C investment into Linkaja, an Indonesian e-wallet company*
  • E-commerce joint venture arrangements with JD.com*
  • Cloud kitchen joint venture with Rebel Foods*
  • Various joint venture formations and unwinds in Indonesia and across Southeast Asia*
  • Sale of its Thai business to AirAsia and investment into AirAsia’s Malaysian superapp
• PTT on its Series B+ investment into Sunfolding, a US solar engineering company*
• Jungle Ventures on its Series A investment into Deskera, a Southeast Asian technology company*

FIG M&A and Bancassurance

• Standard Chartered on its exclusive pan-Asian life insurance bancassurance arrangements with Prudential*
• DBS on its exclusive pan-Asian life insurance bancassurance arrangements with ManuLife*
• Citi on its exclusive pan-Asian life insurance bancassurance arrangements with AIA*
• CIMB on its bancassurance arrangements in South East Asia*
• Sun Life on its bancassurance arrangements in Indonesia*
• Friends Provident International on its bancassurance arrangements in Singapore*
• A Thai bank on exiting its bancassurance arrangements in Thailand*
• Zurich Insurance on its tied agency and distribution arrangements in Singapore*
• Royal Sun Alliance on its acquisition of a non-life insurance company and associated bancassurance arrangements in Malaysia*
• AXA on the acquisition of HSBC’s non-life Asian insurance business and related bancassurance arrangements*
• Friends Provident PLC on its:
  • UK public takeover by Resolution*
  • Demerger of Foreign and Colonial (F&C)*
• Avicennia (Khazanah Nasional) on its strategic insurance M&A in SE Asia*
• A Singapore bank on its bid for Coutts’ private banking business in Asia*
• Bank of Montreal on its acquisition of Canadian Bank of Commerce’s private wealth management business in Hong Kong and Singapore*

*Matter handled prior to joining Latham