Charles McConnell

Partner, Singapore

Biography

“Charles is very knowledgeable and experienced in leveraged finance transactions. He is a true adviser and is able to take a commercial view when required.”
“Charles is very experienced. He has commercial awareness and is very strong in solving issues arising during the transaction. He is very impressive and it is a pleasure working with him.”
(Chambers Asia-Pacific 2024)

“Charles McConnell is a standout partner who leads from the front.”
(Legal 500 Asia-Pacific 2024)

Overview

Charles McConnell is a Partner in White & Case's Asia Debt Finance and Restructuring practice, based in Singapore. He is qualified to practice English law and Singapore law.

Charles has extensive experience in cross-border financings in South East Asia, including leveraged and acquisition financings, margin financings, and structured and corporate financing transactions. He has established deep client relationship with banks, credit funds, sponsors and corporates. He also advises banks, credit funds and corporates in non-contentious insolvency and restructuring matters.

Charles is sensitive to commercial priorities and focused on key issues. He is recognized for Singapore Banking & Finance: International by Chambers Asia-Pacific 2024 and for Singapore Banking and Finance: Foreign Firms by Legal 500 Asia-Pacific 2024. He is described by clients as being "knowledgeable and experienced" (Chambers Asia-Pacific 2024), and receives praise from clients for his "commercial awareness" (Chambers Asia-Pacific 2024). Another client reports: "Charles has been instrumental to our closing of the transaction as he provided significant input in terms of identifying structural loopholes and plugging them." (Chambers Asia-Pacific 2024)

Charles also leads the firm's Vietnam Country Practice Group and has been recognized as the sole Leading Individual for the Vietnam Foreign Desks category by the Legal 500 Asia-Pacific 2024. A client commends: "Charles McConnell has been doing a substantial amount of work in Vietnam. He is knowledgeable and is able to stay on top of the local market developments." (Legal 500 Asia-Pacific 2024).

Bars and Courts
Advocate and Solicitor, Singapore
England and Wales, Solicitor
Education
Legal Practice Course
Oxford Institute of Legal Practice
Law
University of Oxford
Languages
English

Experience

Charles' experience includes advising:

  • An Asian-based fund manager and privately-owned US investment firm in relation to the senior secured financing made available to a SPV sponsored by a global private equity firm to refinance its existing indebtedness in relation to an underlying Indonesian shopping mall group.
  • A leading Philippine bank in respect of margin financing of shares in an Indonesian listed consumer group.
  • An international investment bank on a Vietnamese debt for equity swap.
  • A private equity sponsor on the restructuring and refinancing of educational assets in Singapore and the PRC.
  • The mandated lead arranger and original lender on a US$125 million term loan facility with an additional US$125 million accordion facility provided to an industrial and logistics real estate developer in Vietnam.
  • Various international investment banks in a margin loan to a global private equity firm for investment in bonds issued by a Vietnamese company in the consumer sector.
  • An international investment bank in respect of back leverage to a global private equity firm for investment in various bonds issued by a Vietnamese real estate group.
  • An international investment bank in respect of financing to a global private equity firm for its acquisition of an interest in a Vietnamese schools business.
  • A leading Philippine bank in a margin financing to a global private equity firm against shares of a clean and renewable power company in the Philippines.
  • An international investment bank in a secured margin financing to the shareholder of an Indonesian copper and gold mining company.
  • A private equity sponsor in relation to the recapitalisation of its education platform in South East Asia, including Vietnam.
  • The arranger on the restructuring of various margin financings in respect of Singapore and Indonesian listed shares.
  • The arranger on back-leverage on a minority stake acquisition of Philippines medical assets by a private equity sponsor.
  • Michelin on the restructuring of Indonesian's first green bond issuance.
  • The lenders in a term facility and a revolving credit facility amounting up to US$790 million granted to IBC Capital Limited, Goodpack IBC (Singapore) Pte. Ltd. and Goodpack Pte. Ltd., a KKR portfolio company.
  • A global investment banking group in the PKPU (Indonesian insolvency process) of an Indonesian textile group and related security enforcement and the restructuring of a financing with an Indonesian individual.
  • A global investment bank as lender to borrower, Near, a SaaS platform that offers a source of advertising intelligence and its subsequent restructuring and repayment.
  • RRJ Capital on its recapitalization buy-out merger of Singapore-based Fullerton Healthcare Corporation Limited.
  • UTICO FZC, UAE's leading private water and power utility provider, in the approximately US$3 billion restructuring of the Hyflux group, a Singapore water and power conglomerate listed on the Singapore Stock Exchange.
  • The banks and credit funds on the refinancing of a sponsor backed acquisition financing of a Vietnamese integrated hotel and casino.
  • Credit Suisse, DBS and Maybank on the US$660 million loan facilities to Star Energy to part fund the Star Energy consortium's US$2.3bn acquisition of Chevron's geothermal assets in Indonesia.*
  • Various funds and lenders on a US$275m mezzanine financing of the US$2.1bn acquisition by Medco Energi and AP Investment of an 82.2% interest in PT Newmont Nusa Tenggara (which operates the Batu Hijau copper and gold mine on the island of Sumbawa, Indonesia).*
  • A credit fund providing financing and obtaining an equity interest in respect of the acquisition by a sponsor of an Indonesian restaurant group and the provision of working capital to the operating companies.*
  • A credit fund providing financing in respect of the acquisition by a sponsor of development land in the SCBD, Jakarta.*
  • A credit fund providing financing in respect of the acquisition by the sponsors of minority interests in an Indonesian logistics group and the provision of working capital to the operating company.*
  • A credit fund providing a margin financing in respect of the acquisition by the sponsors of certain minority interests in a listed Indonesian hotel group.*
  • BNP Paribas on the US$95 million fixed rate secured notes due 2034 and green long term facility agreement structured as a loan repackaging in respect of the development of sustainable natural rubber plantations in heavily degraded landscapes in Jambi Samatra and East Kalimantan provinces of Indonesia.*

*Experience prior to joining White & Case.

Awards and Recognition

Notable Practitioner, Chambers Asia-Pacific 2013, 2020 – 2024
Banking & Finance – Singapore (International Firms)

Notable Practitioner, Chambers Asia-Pacific 2024
Corporate & Finance – Vietnam (expertise based abroad)

Notable Practitioner, Chambers Global 2013, 2020 – 2024  
Banking & Finance – Singapore (International)

Next Generation Partner, Legal 500 Asia-Pacific 2024
Banking & Finance – Singapore (Foreign Firms)

Leading Individual, Legal 500 Asia-Pacific 2024
Foreign Desks – Vietnam