Latham & Watkins Advises on Asia’s 2021 High Yield Bond of the Year

Firm advised Carlyle in connection with Hexaware’s US$1.01 billion global M&A bond offering.

April 15, 2022

Latham & Watkins LLP advised Carlyle on a US$1.01 billion high yield bond offering that was recognized as High Yield Bond of the Year at IFR Asia’s 2021 Awards. The bond, which was sold as part of a bridge-to-bond transaction unique to the region, helped to fund Carlyle’s acquisition of Mumbai, India-based Hexaware Technologies, a leading global IT consulting and digital solutions provider.

The Latham capital markets team that advised Carlyle on the offering was led by Washington, D.C. partner Jason Licht and Washington, D.C. counsel Christopher Cronin, with associates John Fluharty and Gary DePalo, along with a finance team led by Washington, D.C. partner Jeffrey Chenard, with associates Marie Greenman and James Kachadoorian, and with assistance from Hong Kong partner Andrew Bishop and Hong Kong counsel Lynsey Edgar.

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