AZB & Partners is advising Accenture Holding & Co KG on its acquisition of Camelot Management Consultants, including its Indian entity Camelot ITLab (Camelot India). Partners Vaidhyanadhan Iyer and Vasudha Asher are leading the firm’s team in the transaction, which was signed on July 22, 2024 and is yet to be completed.
AZB & Partners is also advising on the sale by the seller of its entire shareholding in 200 MW to 300 MW of wind and solar power assets to Hexa Climate Solutions, a platform backed by I Squared Capital. Partners Anuja Tiwari and Mallika Anand are leading the firm’s team in the transaction, which was signed on June 24, 2024 and is yet to be completed.
Moreover, AZB & Partners has advised Evolvence India Fund IV on its Rs2.5 billion (US$30m) acquisition of stake, along with Valuequest Investment Advisors and Steadview Capital Mauritius, in Unimech Aerospace and Manufacturing. Partners Aarthi Sivanandh and Bhavana Alexander led the firm’s team in the transaction, which was completed on July 19, 2024.
Allen & Gledhill has advised the Housing and Development Board (HDB) on the issue of S$965 million (US$721m) fixed rate green notes due 2026 under its S$32 billion (US$24b) multicurrency medium term note programme. The issue is an issuance of Green Bonds, proceeds of which are intended to be used to finance or refinance Eligible Green Projects under the Project Category of Green Buildings and for such other purposes as set out in the Green Finance Framework of HDB. Partners Margaret Chin and Sunit Chhabra led the firm’s team in the transaction.
AZB & Partners is advising Accenture Holding & Co KG on its acquisition of Camelot Management Consultants, including its Indian entity Camelot ITLab (Camelot India). Partners Vaidhyanadhan Iyer and Vasudha Asher are leading the firm’s team in the transaction, which was signed on July 22, 2024 and is yet to be completed.
AZB & Partners is also advising on the sale by the seller of its entire shareholding in 200 MW to 300 MW of wind and solar power assets to Hexa Climate Solutions, a platform backed by I Squared Capital. Partners Anuja Tiwari and Mallika Anand are leading the firm’s team in the transaction, which was signed on June 24, 2024 and is yet to be completed.
Moreover, AZB & Partners has advised Evolvence India Fund IV on its Rs2.5 billion (US$30m) acquisition of stake, along with Valuequest Investment Advisors and Steadview Capital Mauritius, in Unimech Aerospace and Manufacturing. Partners Aarthi Sivanandh and Bhavana Alexander led the firm’s team in the transaction, which was completed on July 19, 2024.
Allen & Gledhill has advised the Housing and Development Board (HDB) on the issue of S$965 million (US$721m) fixed rate green notes due 2026 under its S$32 billion (US$24b) multicurrency medium term note programme. The issue is an issuance of Green Bonds, proceeds of which are intended to be used to finance or refinance Eligible Green Projects under the Project Category of Green Buildings and for such other purposes as set out in the Green Finance Framework of HDB. Partners Margaret Chin and Sunit Chhabra led the firm’s team in the transaction.
Baker McKenzie has advised Global New Material International (GNMI) on an agreement with Merck KGaA to acquire its global surface solutions business unit for €665 million (US$720m). The transaction is expected to close in 2025, subject to regulatory approvals and the fulfilment of certain customary closing conditions. GNMI and Surface Solutions are highly complementary in terms of product portfolio, expertise and geographic reach. The planned merger will strengthen the company’s position post-merger, and enable an even more customer-centric approach to market introduction and further improve product quality. GNMI has comprehensive experience in research and development, production and sales of synthetic mica, pearlescent materials and new energy materials. With main production capacities in China and Korea, GNMI occupies a leading position in the mid- to high-end market segment, and supplies highly-functional materials to multinational customers worldwide. Merck’s Surface Solutions division specializes in solutions for coating, cosmetics and industrial applications. Surface Solutions holds a strong position, particularly in the global automotive and cosmetics markets. Corporate/M&A partners Christian Atzler (Frankfurt), Jeff Xu (Shanghai) and Derek Poon (Hong Kong), supported by partners Patrick Wilkening (IPTech-Düsseldorf), Brian Wong (corporate/M&A-Hong Kong), Guillaume Nataf (corporate/M&A-Paris), Dr Daniel Bork (real estate-Düsseldorf), Anahita Thoms (foreign investment-Berlin), Rod Hunter (foreign investment-Washington DC), Dr Nicolas Kredel (antitrust & competition-Düsseldorf), Laura Liu (antitrust & competition-Beijing), Dr Steffen Scheuer (employment-Munich), Jeremie Paubel (employment-Paris) and Kenneth Ching (banking & finance-Hong Kong), led the firm’s team in the transaction.
Christopher & Lee Ong, a member firm of Rajah & Tann Asia, has acted for Maybank Investment Bank, as placement agent, on the M$132 million (US$29m) placement by Aurelius Technologies. Partner Justin Chua led the firm’s team in the transaction.
Baker McKenzie has advised Global New Material International (GNMI) on an agreement with Merck KGaA to acquire its global surface solutions business unit for €665 million (US$720m). The transaction is expected to close in 2025, subject to regulatory approvals and the fulfilment of certain customary closing conditions. GNMI and Surface Solutions are highly complementary in terms of product portfolio, expertise and geographic reach. The planned merger will strengthen the company’s position post-merger, and enable an even more customer-centric approach to market introduction and further improve product quality. GNMI has comprehensive experience in research and development, production and sales of synthetic mica, pearlescent materials and new energy materials. With main production capacities in China and Korea, GNMI occupies a leading position in the mid- to high-end market segment, and supplies highly-functional materials to multinational customers worldwide. Merck’s Surface Solutions division specializes in solutions for coating, cosmetics and industrial applications. Surface Solutions holds a strong position, particularly in the global automotive and cosmetics markets. Corporate/M&A partners Christian Atzler (Frankfurt), Jeff Xu (Shanghai) and Derek Poon (Hong Kong), supported by partners Patrick Wilkening (IPTech-Düsseldorf), Brian Wong (corporate/M&A-Hong Kong), Guillaume Nataf (corporate/M&A-Paris), Dr Daniel Bork (real estate-Düsseldorf), Anahita Thoms (foreign investment-Berlin), Rod Hunter (foreign investment-Washington DC), Dr Nicolas Kredel (antitrust & competition-Düsseldorf), Laura Liu (antitrust & competition-Beijing), Dr Steffen Scheuer (employment-Munich), Jeremie Paubel (employment-Paris) and Kenneth Ching (banking & finance-Hong Kong), led the firm’s team in the transaction.
Christopher & Lee Ong, a member firm of Rajah & Tann Asia, has acted for Maybank Investment Bank, as placement agent, on the M$132 million (US$29m) placement by Aurelius Technologies. Partner Justin Chua led the firm’s team in the transaction.
Baker McKenzie has advised Global New Material International (GNMI) on an agreement with Merck KGaA to acquire its global surface solutions business unit for €665 million (US$720m). The transaction is expected to close in 2025, subject to regulatory approvals and the fulfilment of certain customary closing conditions. GNMI and Surface Solutions are highly complementary in terms of product portfolio, expertise and geographic reach. The planned merger will strengthen the company’s position post-merger, and enable an even more customer-centric approach to market introduction and further improve product quality. GNMI has comprehensive experience in research and development, production and sales of synthetic mica, pearlescent materials and new energy materials. With main production capacities in China and Korea, GNMI occupies a leading position in the mid- to high-end market segment, and supplies highly-functional materials to multinational customers worldwide. Merck’s Surface Solutions division specializes in solutions for coating, cosmetics and industrial applications. Surface Solutions holds a strong position, particularly in the global automotive and cosmetics markets. Corporate/M&A partners Christian Atzler (Frankfurt), Jeff Xu (Shanghai) and Derek Poon (Hong Kong), supported by partners Patrick Wilkening (IPTech-Düsseldorf), Brian Wong (corporate/M&A-Hong Kong), Guillaume Nataf (corporate/M&A-Paris), Dr Daniel Bork (real estate-Düsseldorf), Anahita Thoms (foreign investment-Berlin), Rod Hunter (foreign investment-Washington DC), Dr Nicolas Kredel (antitrust & competition-Düsseldorf), Laura Liu (antitrust & competition-Beijing), Dr Steffen Scheuer (employment-Munich), Jeremie Paubel (employment-Paris) and Kenneth Ching (banking & finance-Hong Kong), led the firm’s team in the transaction.
Christopher & Lee Ong, a member firm of Rajah & Tann Asia, has acted for Maybank Investment Bank, as placement agent, on the M$132 million (US$29m) placement by Aurelius Technologies. Partner Justin Chua led the firm’s team in the transaction.
Saraf and Partners has acted for Acko Technology & Service, India’s leading insurtech company, on its all-cash acquisition of the business of Wellworks Technologies, a digital chronic care management company which operates under the brand name ‘OneCare’. OneCare has developed a unique omnichannel care model that combines advanced wearables, data-driven insights, and the accessibility of both physical clinics and virtual care teams. The transaction is a strategic move to re-emphasize Acko’s broader vision of being a comprehensive healthcare provider to its customers, going beyond the insurance services. Senior partner Vaibhav Kakkar and partner Sahil Arora led the firm’s team in the transaction.
Skadden has advised the underwriters, including US Tiger Securities, GF Securities (Hong Kong) Brokerage, Kingswood Capital Partners and CLSA, on the Nasdaq listing of NIP Group on July 26, 2024. NIP Group, a global comprehensive digital sports group with e-sports at its core, issued a total of 2.25 million American Depositary Shares (ADS), with an issue price of US$9 per ADS, for a total offering size of US$20.25 million, excluding the exercise of the “greenshoe” option. NIP Group’s listing on Nasdaq is a milestone event for China’s e-sports industry, establishing the first listed Chinese e-sports company. Mr Mario Ho, chairman and Co-CEO of NIP Group, also became the youngest founder of a Nasdaq-listed company in Asia. Corporate partners Yuting Wu (Shanghai) and Yilin Xu (Beijing) led the firm’s team in the transaction.
Trilegal has advised JSW Infrastructure and its wholly-owned subsidiary JSW Port Logistics on the proposed open offer by JSW Port and JSW Infra for the acquisition of up to 26 percent of the total equity share capital of Navkar from its public shareholders, and on related aspects of the acquisition of majority shareholding of Navkar from its promoters that triggered the open offer. Partners Deep Choudhuri (corporate) and Richa Choudhary (capital markets) led the firm’s team in the transaction.
Trowers & Hamlins has acted for Malaysian developer Gamuda Land on a £100 million (US$128m) joint venture with Singapore-based Q Investment Partners to establish a platform for investment into the UK purpose built student accommodation (PBSA) sector. In addition to structuring and documenting the JV, the firm assisted with the acquisition of the JV’s first asset, a site in Woolwich to develop a 299-bed PBSA scheme beside Hurlington Capital. When completed, the project will be one of the first PBSA schemes within the Woolwich Royal Arsenal regeneration area. Partners Geoff Allen and Tom Reynolds, supported by partners Ian Dobinson (London), Sean Donovan-Smith (London), Abdulhaq Mohammed (Singapore), Neil Biswas (London) and Nicol Ong (Malaysia), led the firm’s team in the transaction.
WongPartnership has advised Wavemaker Partners, a leading early-stage venture capital firm in Southeast Asia, on its investment in the US$20 million Series B funding round of Lhoopa, a property technology startup in the business of leveraging technology to facilitate the development of affordable housing solutions across the Philippines. This Series B funding round forms part of a larger US$80 million funding round comprising of both equity and debt components, making it one of the biggest funding rounds by a startup in the Philippines, and one of Southeast Asia’s largest startup funding rounds in 2024. Partner Kyle Lee led the firm’s team in the transaction.
