Michael D. Rackham

Counsel
Singapore
  • 9 Raffles Place
  • #42-02 Republic Plaza
  • Singapore 048619
Profile Experience

Michael Rackham is a counsel in the Singapore office of Latham & Watkins and a member of the Corporate Department.

Mr. Rackham is an experienced adviser to private equity investors and corporations on complex, cross-border corporate matters in the Asia-Pacific region, including mergers and acquisitions, disposals, auctions, private equity and leveraged buyouts, take-privates, spin-offs, and joint ventures.

His recent recognitions include being named Rising Star Lawyer of the Year at the IFLR Asia-Pacific Awards 2019.

Prior to joining Latham, Mr. Rackham worked for 10 years in the Hong Kong and London offices of two other US law firms.

Mr. Rackham’s experience includes advising:

  • Hillhouse Capital, HOPU, Global Logistic Properties (GLP) founder Ming Mei’s SMG, Bank of China Group Investment, and China Vanke and their affiliated entities in the US$11.6 billion acquisition of GLP, Asia’s leading warehouse operator; the transaction is the largest private equity-backed takeover in Asia (ex-Japan) to date, and was named Deal of the Year and Best Leveraged Finance Deal by FinanceAsia Achievement Awards 2017, Best Cross-border M&A Deal by FinanceAsia China Awards 2018 and M&A Deal of the Year: Southeast Asia by The Asia Legal Awards 2018*
  • Hillhouse Capital on a range of matters, including its joint venture with Peet’s Coffee & Tea to operate coffee and tea retail outlets in Greater China under the Peet’s Coffee brand, its acquisition of a minority stake in a newly formed company that acquired Carestream’s dental digital business from Onex Corporation in partnership with Clayton, Dubilier & Rice, and in the pre-IPO financing round of a global artificial intelligence platform*
  • Partners Group on a range of matters, including the sale of a portfolio company with global operations in the technology sector in the Southeast Asia region, and its US$300 million investment in DJ New Ease Group, a developer and operator of logistical and industrial real estate projects and asset manager in the PRC majority-owned and controlled by Warburg Pincus and its founder, Sun Dong Ping*
  • The Carlyle Group, CITIC, and CITIC Capital Holdings in the US$2.08 billion acquisition of the McDonald’s operations in China and Hong Kong and negotiation of a 20-year master franchise agreement ― the largest McDonald’s franchise in the world; this transaction was named 2017 M&A Deal of the Year by Asia Legal Business*
  • GIC, Singapore’s sovereign wealth fund, in the more than US$1 billion co-investment with Equinix in the form of a limited liability partnership to develop and operate xScale™ data centers in Japan*
  • Warburg Pincus in its US$250 million investment in Converge ICT Solutions, a Philippines-based telecommunications provider*
  • TPG Capital, PAG Asia Capital, and Ontario Teachers’ Pension Plan in connection with the acquisition of Cushman & Wakefield by the consortium’s portfolio company, DTZ, in a deal valued at US$2 billion*
  • TPG Capital and TPG Growth on a range of matters, including in its SG$175 million investment in Singapore-based online property selling and sales group, PropertyGuru*
  • Apax Partners and its portfolio company, Azentio Software, in its acquisition of the software products business of 3i Infotech, a listed Indian IT solutions company, and on its binding agreement to acquire Beyontec, a leading insurance technology company*
  • L Catterton in its US$250 million investment in Jio Platforms, a next-generation Indian technology company and subsidiary of Reliance Industries; this transaction was named TMT Deal of the Year by The Asia Legal Awards 2021*
  • Cartesian Capital Group in investments in its portfolio company and joint venture with Restaurant Brands International, Tim Hortons China, by Tencent, Sequoia Capital, and Eastern Bell Capital*
  • A Middle Eastern sovereign wealth fund in its investment in the US$14 billion Series C equity financing of Ant Financial; this transaction was named Best China Deal and Best Financing (early stage to pre-IPO) by FinanceAsia Achievement Awards 2018 and Private Equity Deal of the Year by The Asia Legal Awards 2019*
  • Global A&T Electronics Ltd. in its consensual restructuring, which restructured US$1.27 billion of secured bonds through a prepackaged bankruptcy filing and resulted in equity sponsors TPG Capital and Affinity Equity Partners retaining a majority equity stake in the company*
  • CarVal Investors in its acquisition with Nithia Capital of Uttam Value Steel Limited and Uttam Galva Metallics Limited, the India-based manufacturers of steel and capital equipment products, as part of the corporate insolvency resolution process of the two companies*
  • SilkEV, a U.S.-based engineering and design firm, in its joint venture with Chinese state-owned automaker FAW Group Corporation to make sports cars under the “HongQi” brand*

*Matter handled prior to joining Latham

 
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