NG Wai King is the Managing Partner of WongPartnership. Wai King's experience focuses on mergers & acquisitions ("M&A") and private equity.
Wai King spent the better part of September and October 2010 advising Singapore billionaire Peter Lim on his bid to acquire Liverpool Football Club. A long suffering supporter, he was much disappointed when Liverpool was eventually sold to yet another group of American owners.
Working on the two largest M&A transactions in Singapore's corporate history, Wai King headed the team in advising TCC Assets and Thai Beverage Public Company Limited (a company listed on the Singapore Exchange) on a successful takeover offer for Fraser & Neave, Limited ("F&N"), fending off a competing offer by another party. The offer valued F&N at approximately S$13.8 billion and the transaction was awarded "M&A Deal of the Year" for both South East Asia and Singapore, as well as "SE Asia Deal of the Year" at the ALB SE Asia Law Awards 2014; and "Best M&A Deal" at the IFLR Asia Awards 2014. More recently, Wai King led the team in advising the offeror (comprising the Nesta consortium) in the scheme of arrangement to acquire Global Logistics Properties Ltd ("GLP"), a transaction which values GLP at S$16 billion. This is the largest announced public M&A transaction in Singapore and largest private equity led transaction in Asia. The GLP transaction was recognised as the “2017 Deal of the Year” and “Best Leveraged Finance” transaction by FinanceAsia in 2017 and was awarded “M&A Deal of the Year (Premium)” at the ALB SE Asia Law Awards 2018.
Other transactions of significance which he has been involved in include representing Walmart in its proposed acquisition of a 77% stake in Flipkart for US$16 billion; the offeror in the acquisition of Croesus Retail Trust (via the first scheme of arrangement of a business trust in Singapore); the Yanlord-Perennial consortium in the mandatory general offer for United Engineers Limited (following the purchase of a major stake from OCBC, Great Eastern and Lee family entities); CWT and its major selling shareholders in the pre-conditional voluntary general offer by HNA Group for all the shares in CWT; Temasek in the sale to SingTel of S$2.47 billion worth of shares in InTouch (a Thai telco) and Bharti (an Indian telco); SMRT Corporation in the privatisation by Temasek Holdings via a scheme of arrangement; the transition of SMRT Trains to a new licence to be granted by the Land Transport Authority of Singapore ("LTA") to operate the North-South, East-West line and Circle line mass rapid transit systems and the Bukit Panjang light rail transit system under the new rail financing framework, and the transfer of ownership of the rail operating assets including trains and signalling systems to the LTA; Tata Communications as Singapore counsel in the sale of a 74% stake in its data centre business in India and Singapore to ST Telemedia Global Data Centres; JTC Corporation, a Singapore government statutory body, in the merger with Temasek Holdings Limited of four of their operating subsidiaries; acting for City Developments Limited ("CDL") in two of its innovative profit participation securities investment platforms, namely (a) the investment by Blackstone's Tactical Opportunities Fund, CIMB Bank Berhad, Labuan Offshore Branch and Astoria Holdings Limited in the cashflows of CDL's properties in Sentosa Cove (the Quayside Collection), and (b) the investment by Alpha Investments in three of CDL's prime office properties; and Temasek Holdings (Private) Limited in the partnership with the Singapore Tourism Board in a proposed project to rejuvenate Mandai, a development which consists of the Singapore Zoo, Night Safari and River Safari.
Wai King has an active private equity practice. He led the team in Kohlberg Kravis Roberts & Co. L.P. ("KKR")'s acquisition of Goodpack Limited, which was the largest buyout of a Singapore company by a private equity fund. This deal was awarded the "M&A Deal of the Year" at the ALB SE Asia Law Awards, 2015" and the "M&A Deal of the Year: Private Equity" at The Asian Lawyer Asia Legal Awards 2015. It was also one of the "Asian-Mena Counsel Deals of the Year 2014". He also worked on KKR's previous buyout of SGX companies including MMI Holdings Limited and Unisteel Technology Ltd. Wai King also acted for Colony Capital in the acquisition of the "Raffles" and "Swissotel" hotel business from Raffles Holdings Limited.
In the context of public company M&A, Wai King has advised on the takeovers and/or privatisation of Keppel Land Limited, UE E&C Ltd., Perennial China Retail Trust, Singapore Land Limited, Lee Kim Tah Holdings, Olam International Limited, Australand Property Group, Guthrie GTS Limited, Pan Pacific Hotel Group, WBL Corporation Limited, HSR Global Limited, Nera Telecommunications Limited, Meiban Group Ltd., Portek International Limited, Pacific Shipping Trust, C&O Pharmaceutical Technology (Holdings) Limited, Thomson Medical Centre, Eng Kong Holdings Pte. Ltd., Hsu Fu Chi International Limited, Design Studio Furniture Manufacturer Ltd., Hongguo International, Sihuan Pharmaceutical Holdings Group Ltd., Straits Asia Resources Ltd., King's Safetywear Limited, Unisteel Technology Ltd., Delong Holdings Limited, The Ascott Group Limited, Robinson & Co. Ltd., Want Want Holdings Ltd., Sembawang Kimtrans Limited and Media Asia Entertainment Limited.
His experience extends to cross-border transactions where he has advised parties involved in the acquisition of assets/shares in jurisdictions outside Singapore. Wai King is currently advising PT Bank Danamon Indonesia Tbk in response to a proposed acquisition of a majority stake by MUFG. Wai King was also involved in advising DBS Group Holdings Ltd. in its aborted bid to acquire Bank Danamon, Navis Capital's disposal of King's Safetywear to Honeywell International, and the sale of Invida Group to A. Menarini S.r.l. Wai King also advised on Kookmin Bank's sale of its stake in Bank Internasional Indonesia to Maybank.
Wai King graduated from the National University of Singapore where he was awarded the AV Winslow Prize, and obtained a LL.M. from Columbia University School of Law where he graduated as a Harlan Fiske Stone Scholar.
Wai King is a member of the NUS Board of Trustees.
Wai King was awarded "Lawyer of the Year" for Corporate Law in the 2020 edition of Best Lawyers in Singapore. Wai King also emerged as one of the 10 winners of the Financial Times: Asia-Pacific Innovative Lawyers Outstanding Individuals Awards 2016, and was named winner of the International Law Office (ILO) Client Choice Awards 2015 for the M&A category in Singapore.
Wai King is ranked in IFLR1000 – The Guide to the World's Leading Financial Law Firms; Chambers Global – The World's Leading Lawyers for Business; Chambers Asia Pacific – Asia Pacific's Leading Lawyers for Business; Who's Who Legal: The International Who's Who of Mergers & Acquisitions Lawyers; Expert Guides – Guide to the World's Leading Mergers and Acquisitions Lawyers; Expert Guides – Guide to the World's Leading Private Equity Lawyers; Best Lawyers; The Legal 500: Asia Pacific – The Client's Guide to the Asia Pacific Legal Profession; Asian Legal Business (ALB); Asialaw Leading Lawyers – The Guide to Asia-Pacific's Leading Lawyers and Asialaw Profiles – The Guide to Asia-Pacific's Leading Domestic Law Firms as a leading Singapore practitioner in the areas of Corporate/M&A and Private Equity Practice.
- National University of Singapore (LL.B., Hons.)
- Columbia University School of Law, New York (LL.M.)
- Singapore Bar
- Getting the Deal Through - Private Equity 2018 - Singapore Chapter - Transactions
- Getting the Deal Through - Private Equity 2017 - Singapore Chapter - Transactions
- Sweet & Maxwell - Mergers & Acquisitions - International Series
- Getting the Deal Through - Private Equity 2016 - Singapore Chapter - Transactions
- Getting The Deal Through - Mergers & Acquisitions 2015 - Singapore Chapter
- Getting the Deal Through - Private Equity 2015 - Singapore Chapter - Transactions
- Getting the Deal Through - Mergers & Acquisitions 2014 - Singapore Chapter
- Getting the Deal Through - Mergers & Acquisitions 2013 - Singapore Chapter
- Getting The Deal Through - Private Equity 2013 (Transactions) - Singapore Chapter
- Getting The Deal Through - Mergers & Acquisitions 2012 - Singapore Chapter
- Getting The Deal Through - Private Equity 2012 (Transactions) - Singapore Chapter
- Getting the Deal Through - Mergers & Acquisitions 2011 - Singapore Chapter
- Getting the Deal Through - Private Equity 2011 (Transactions) - Singapore Chapter
- PLC Cross-border Mergers & Acquisitions Handbook 2011/12 - Singapore Chapter