Allen & Gledhill has acted as transaction counsel to United Overseas Bank on the US$700 million term and revolving credit facilities to Diamond Two, a company sponsored by CapitaLand Investment and GIC (Realty). The facilities are aligned with the Green Loan Principles and will be used to refinance certain borrowings relating to the investment in Raffles City the Bund, an integrated development comprising office and retail components in Shanghai. Partner Lim Wei Ting led the firm’s team in the transaction.
Allen & Gledhill has also acted as transaction counsel to DBS Bank on the CNH1.582 billion (US$219m) term loan facility to Bantex Investments, a company sponsored by GIC (Realty), to finance its general corporate funding requirements relating to its investment in Beijing Lize Azia, a 47-storey office in Beijing. Partner Lim Wei Ting also led the firm’s team in the transaction.
AZB & Partners is advising TotalEnergies on its Rs50 billion (US$601m) acquisition of a 1050 Mwac renewable portfolio from Adani Power. Partners Darshika Kothari, Qais Jamal, Nikunj Maheshwari and Kritika Agarwal are leading the firm’s team in the transaction, which was signed on September 20, 2023 and is yet to be completed.
AZB & Partners has also advised Goldman Sachs Investments Holdings (Asia), one of the selling shareholders, on the IPO of approximately 108.74 million equity shares aggregating to Rs13.7 billion (US$164.6m), comprising a fresh issue of approximately 95.24 million equity shares aggregating up Rs12 billion (US$144m) and an offer for sale of up to 13.5 million equity shares aggregating to approximately Rs1.7 billion (US$20.4m), by Goldman Sachs Investments Holdings (Asia), Blue Chandra and GTI Capital Alpha. The equity shares listed on September 22, 2023. Partners Varoon Chandra and Lionel D’Almeida led the firm’s team in the transaction.
Moreover, AZB & Partners has advised TPG Asia VII SF on the IPO comprising a fresh issue of equity shares aggregating up to Rs1.8 billion (US$21.6m), and an offer for sale of up to 17.24 million equity shares by TPG Asia VII SF and certain other shareholders. The shares were allotted on September 18, 2023. Partners Varoon Chandra and Lionel D’Almeida also led the firm’s team in the transaction, which has a total consideration of Rs13.35 billion (US$160.4m).
Baker McKenzie has advised International School Partnership (ISP), a leading international group of private schools, on the acquisition of Berda Claude International School of Phuket (BCIS) and Bangkok Prep in Bangkok, enabling ISP to secure a strong foothold in the education industry in Thailand and strengthening their strategic growth plan. Both schools will form part of ISP’s Thailand and Vietnam regional cluster. ISP is a growing group of private schools around the world educating children and students from 2–18 years of age, and dedicated to delivering high-quality education. Located on a state-of-the art campus in central Bangkok, Bangkok Prep consistently performs well in academic terms (and leads quality rankings in SE Asia), and its students study in the very best tier one universities globally. BCIS is in the south-east area of Phuket, and stands out for being the only dual British and French curriculum school on Phuket Island providing a student-led curriculum to over 900 students, supported by over 200 staff. ISP has now expanded to 76 schools delivering multiple curricula and building on local brands and reputations with around 65,000 students and 9,000 staff located across the globe. Bangkok corporate and M&A partner Bulin Sanooj led the firm’s team in the transaction.
Moreover, AZB & Partners has advised TPG Asia VII SF on the IPO comprising a fresh issue of equity shares aggregating up to Rs1.8 billion (US$21.6m), and an offer for sale of up to 17.24 million equity shares by TPG Asia VII SF and certain other shareholders. The shares were allotted on September 18, 2023. Partners Varoon Chandra and Lionel D’Almeida also led the firm’s team in the transaction, which has a total consideration of Rs13.35 billion (US$160.4m).
Baker McKenzie has advised International School Partnership (ISP), a leading international group of private schools, on the acquisition of Berda Claude International School of Phuket (BCIS) and Bangkok Prep in Bangkok, enabling ISP to secure a strong foothold in the education industry in Thailand and strengthening their strategic growth plan. Both schools will form part of ISP’s Thailand and Vietnam regional cluster. ISP is a growing group of private schools around the world educating children and students from 2–18 years of age, and dedicated to delivering high-quality education. Located on a state-of-the art campus in central Bangkok, Bangkok Prep consistently performs well in academic terms (and leads quality rankings in SE Asia), and its students study in the very best tier one universities globally. BCIS is in the south-east area of Phuket, and stands out for being the only dual British and French curriculum school on Phuket Island providing a student-led curriculum to over 900 students, supported by over 200 staff. ISP has now expanded to 76 schools delivering multiple curricula and building on local brands and reputations with around 65,000 students and 9,000 staff located across the globe. Bangkok corporate and M&A partner Bulin Sanooj led the firm’s team in the transaction.
Moreover, AZB & Partners has advised TPG Asia VII SF on the IPO comprising a fresh issue of equity shares aggregating up to Rs1.8 billion (US$21.6m), and an offer for sale of up to 17.24 million equity shares by TPG Asia VII SF and certain other shareholders. The shares were allotted on September 18, 2023. Partners Varoon Chandra and Lionel D’Almeida also led the firm’s team in the transaction, which has a total consideration of Rs13.35 billion (US$160.4m).
Baker McKenzie has advised International School Partnership (ISP), a leading international group of private schools, on the acquisition of Berda Claude International School of Phuket (BCIS) and Bangkok Prep in Bangkok, enabling ISP to secure a strong foothold in the education industry in Thailand and strengthening their strategic growth plan. Both schools will form part of ISP’s Thailand and Vietnam regional cluster. ISP is a growing group of private schools around the world educating children and students from 2–18 years of age, and dedicated to delivering high-quality education. Located on a state-of-the art campus in central Bangkok, Bangkok Prep consistently performs well in academic terms (and leads quality rankings in SE Asia), and its students study in the very best tier one universities globally. BCIS is in the south-east area of Phuket, and stands out for being the only dual British and French curriculum school on Phuket Island providing a student-led curriculum to over 900 students, supported by over 200 staff. ISP has now expanded to 76 schools delivering multiple curricula and building on local brands and reputations with around 65,000 students and 9,000 staff located across the globe. Bangkok corporate and M&A partner Bulin Sanooj led the firm’s team in the transaction.
Moreover, AZB & Partners has advised TPG Asia VII SF on the IPO comprising a fresh issue of equity shares aggregating up to Rs1.8 billion (US$21.6m), and an offer for sale of up to 17.24 million equity shares by TPG Asia VII SF and certain other shareholders. The shares were allotted on September 18, 2023. Partners Varoon Chandra and Lionel D’Almeida also led the firm’s team in the transaction, which has a total consideration of Rs13.35 billion (US$160.4m).
Baker McKenzie has advised International School Partnership (ISP), a leading international group of private schools, on the acquisition of Berda Claude International School of Phuket (BCIS) and Bangkok Prep in Bangkok, enabling ISP to secure a strong foothold in the education industry in Thailand and strengthening their strategic growth plan. Both schools will form part of ISP’s Thailand and Vietnam regional cluster. ISP is a growing group of private schools around the world educating children and students from 2–18 years of age, and dedicated to delivering high-quality education. Located on a state-of-the art campus in central Bangkok, Bangkok Prep consistently performs well in academic terms (and leads quality rankings in SE Asia), and its students study in the very best tier one universities globally. BCIS is in the south-east area of Phuket, and stands out for being the only dual British and French curriculum school on Phuket Island providing a student-led curriculum to over 900 students, supported by over 200 staff. ISP has now expanded to 76 schools delivering multiple curricula and building on local brands and reputations with around 65,000 students and 9,000 staff located across the globe. Bangkok corporate and M&A partner Bulin Sanooj led the firm’s team in the transaction.
Moreover, Trilegal has advised JM Financial, Axis Capital, Credit Suisse Securities (India), DAM Capital Advisors, HSBC Securities and Capital Markets, ICICI Securities, Kotak Mahindra Capital and SBI Capital Markets as the book-running lead managers on the IPO by JSW Infrastructure, aggregating to Rs28 billion (US$336.4m). A part of the multinational JSW group, JSW Infrastructure is the second largest commercial port operator in India, and also India’s fastest-growing port-related infrastructure company. Partner Richa Choudhary, supported by partners Neeraj Menon and Samsuddha Majumder, led the firm’s team in the transaction, which is the largest IPO to have been listed within two working days from IPO closure, and the second largest IPO to have been undertaken in this fiscal year.
TT&A has advised the United States International Development Finance Corporation (DFC) on its loan facility, via an external commercial borrowing, to Aristo Securities, a digital lending company that uses non-traditional data to underwrite electric vehicle financing loans for underserved customers. The financing is expected to have a highly developmental impact on the transportation sector in India by increasing access to EV financing for MSMEs. Partners Gautam Saha and Pallavi Meena led the firm’s team in the transaction.
TT&A has also represented Courtside Ventures and Griffin Gaming Partners on their acquisition of a minority stake in Greenhorn Wellness (entity behind the Eloelo app), as part of a US$22 million pre-Series B round, which also saw participation of other existing and new investors. Eloelo runs an influencer-led live social entertainment app that combines live audio and video chat rooms with interactive games. Eloelo plans to use the funds raised to partner with more creators, develop new AR & AI tools, and bolster its monetisation initiatives. Partners Sachin Mehta and Nikhil Bahl led the firm’s team in the transaction.
