Don Stokes

Don’s recent experience includes advising:

Telecoms and Digital Infrastructure

• Arsari Group, a diversified Indonesian family-owned investment platform, on the financing and joint venture with Indosat Ooredoo Hutchison to form PT Infra Fiber Teknologi, a leading independent digital fiber infrastructure platform in Indonesia
• A US asset management firm as lender on several prospective GPU financings in Southeast Asia
• A major Indian conglomerate on its GPU financing arrangements in South Asia
• The NCP sponsor of an Indonesian GPU procurement and financing
• The lenders to a potential Australian GPU and DC co-financing
• A sponsor of a GPUaaS project in Japan, including strategy, procurement, and financing
• Partners Group acting on behalf of its clients, on its acquisition of a controlling interest in Digital Halo, a Singapore-headquartered data center operator focused on Southeast Asia, from its existing shareholders, including ARCH Capital
• Keppel Infrastructure Fund (KIF) on the 100% stake acquisition, alongside its co-investor, in Global Marine Group, a UK-based provider of submarine cable solutions, from investment affiliates of J.F. Lehman & Company
• The sellers of Irrawaddy Green Towers (towerco portfolio) in Myanmar to CVC — the largest M&A transaction at the time in Myanmar*
• The United States International Development Finance Corporation (DFC, formerly Overseas Private Investment Corporation) on the project financing of Apollo Towers, a Myanmar infrastructure company — one of the first major limited recourse project financings in Myanmar*
• DFC on the financing of a broadband project business in Myanmar*
• Viettel, a major Vietnamese telecoms operator, on the US$1.5 billion joint venture for the fourth telco operating license in Myanmar

Power and Renewables 

• 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
• The developers of each of the Son My 1 LNG-to-power and Chan May LNG-to-power projects in Vietnam*
• Sembcorp Utilities on the US$1.1 billion development of the Dung Quat II (750 MW) gas-fired combined cycle power project in Vietnam*
• Asian Development Bank (ADB), CGIF, and BPI Capital on the project bond financing of Tiwi-Makban geothermal power plant in the Philippines — Asia’s first certified climate bond*
• A major UK investor in a portfolio of “early stage” wind power projects in Japan*
• Sembcorp on a joint venture with Becamex IDC Corporation and Vietnam Singapore Industrial Park to introduce a new generation of sustainable solar smart energy to Vietnam*
• Nexif Energy on the development of the Ben Tre wind power project in Vietnam*
• CGIF, a trust fund of the ADB, on the financing of WTO’s development of the 195 MW solar power project located in Binh Thuan province, Vietnam*
• Marubeni on its bid to acquire a renewable energy portfolio business in Indonesia*
• ADB on its collaboration with Electricité Du Cambodge in developing a national solar park program in Cambodia to exploit its abundant solar resources*
• ACO on its landmark solar farm development in Myanmar*
• Sponsors on various aspects of major development projects in Vietnam, including the: 
  • Nghi Son refinery project
  • Quang Tri IPP
  • Phu My 3 power plant*

Natural Resources and Mining

• MIND ID on its acquisition of an increased shareholding from 20% to 34% in PT Vale (PTVI), an Indonesia-based nickel mining and processing company
• Udenna Corporation on the acquisition of first Chevron’s 45% interest and then ExxonMobil’s stake in the Malampaya gas field in the Philippines, including the RBL financing of both acquisitions* 

Other Complex Project Experience

• The developer on the development and financing of Techno International Airport, Phnom Penh, Cambodia
• New Kansai International Airport Company (a subsidiary of the Japanese government) on the US$13 billion privatization of Kansai and Osaka international airports*
• The developers of a new major airport in Cambodia*
• CGIF on several bond financings, including the listed bond issuance of KHR 127.2 billion fixed-rate bonds by PRASAC Microfinance Institution PLC*

*Matter handled prior to joining Latham