Allen & Gledhill has advised Equinix Asia Financing and Equinix on the establishment of its US$3 billion euro medium term note programme and issue of S$500 million (US$374m) 3.50 percent senior notes due 2030 under the programme. The notes are green bonds issued pursuant to Equinix’s Green Finance Framework, and are recognised under the SGX Sustainable Fixed Income initiative. Partners Ong Kangxin and Sunit Chhabra led the firm’s team in the transaction. Allen and Gledhill has also advised DBS Bank on the S$1.57 billion (US$1.17b) term, revolving and bank guarantee facilities to GWC Commercial and GWC Serviced Apartments. The facilities are to refinance the existing borrowings relating to Great World City and Great World Serviced Apartments. Partners Lim Wei Ting and Ernest Teo led the firm’s team in the transaction. Moreover, Allen & Gledhill has advised DBS Bank on the S$475 million (US$355.5m) secured green committed facilities to CL Savour Property, a subsidiary of CapitaLand Development. The facilities will be used to finance the successful tender for an industrial site at Kallang Way. Partners Kok Chee Wai and Ernest Teo led the firm’s team in the transaction. AZB & Partners is advising Wave Group and join venture company Agristo Masa on the formation of the JV between Wave Group and Masa Group. Wave Group and Masa Group they will collectively invest US$86 million and contribute operational assets, such as intellectual property, software, proprietary know-how, infrastructure and human resources, among others, to the joint venture. Partners Hardeep Sachdeva and Priyamvada Shenoy are leading the firm’s team in the transaction, which was signed on March 2, 2025 and is yet to be...

Allen & Gledhill has advised the Housing and Development Board on the issue of S$700 million (US$526m) fixed rate notes due 2032, under its S$32 billion (US$24b) multicurrency medium term note programme. Partners Margaret Chin and Sunit Chhabra led the firm’s team in the transaction. Allen & Gledhill has also advised CIMB Bank Singapore Branch and The Bank of New York Mellon Hong Kong Branch on the US$200 million dual currency revolving credit facilities to Mapletree China Logistics Investment Trust. Proceeds from the facilities will be used to finance Mapletree China Logistics Investment Trust’s acquisition and/or development of logistics real properties in China. Partner Lim Wei Ting led the firm’s team in the transaction. AZB & Partners is advising Birla Estates and Vardhita Properties on the Rs5.6 billion (US$65m) acquisition by Birla Estates and Mitsubishi Estate of 49 percent stake in Vardhita Properties, a wholly-owned subsidiary of Birla Estates. Both the parties are contributing operational assets, such as Intellectual Property, software and proprietary know-how, as well as infrastructure and human resources, among others, to the joint venture. Partners Nandish Vyas, Malaveeka Chakraborty, Shivanand Nayak and Ruhit Parikh are leading the firm’s team in the transaction, which was signed on January 24, 2025 and is yet to be completed. AZB & Partners has also advised PAG Group on its US$200 million acquisition of a significant stake in Pravesha Industries. Partners Ashwath Rau and Kashish Bhatia led the firm’s team in the transaction, which was completed on January 13, 2025. Moreover, AZB & Partners is advising Greenpark Hotels and Resorts on its Rs536m (US$6.2m) acquisition of Duet India Hotels (Duet Chennai...

Allen & Gledhill has advised Clifford Capital on the issue of US$500 million 4.781 percent notes due 2030, under its S$2.5 billion (US$1.88b) euro medium term note programme. The notes are guaranteed by the Government of Singapore. Partners Yeo Wico and Jeanne Ong led the firm’s team in the transaction. Allen & Gledhill has also advised Qatar National Bank Singapore Branch and China CITIC Bank International Singapore Branch on the S$250 million (US$188m) syndicated term loan facilities to TP Utilities. The facilities will be used to finance the general corporate funding purposes of TP Utilities. A subsidiary of Singapore power generation firm Tuas Power, TP Utilities manages all businesses related to the Tembusu Multi-Utilities Complex situated in Jurong Island, which provides an integrated suite of multi-utility services to industries on Jurong Island. Partner Aloysius Ng led the firm’s team in the transaction. AZB & Partners has advised Vistaar Financial Services, a portfolio company of Warburg Pincus, on the acquisition by IMP2 Catalyst (ABC Impact), along with other entities, of more than five percent stake in Vistaar Financial Services. Partners Vaidhyanadhan Iyer and Jeet Chaudhuri led the firm’s team in the transaction, which was completed on February 28, 2025. AZB & Partners has advised Vistaar Financial Services, a portfolio company of Warburg Pincus, on the acquisition by True North affiliate True North Fund VII, along with other entities, of more than five percent stake in Vistaar Financial Services. Partners Vaidhyanadhan Iyer and Jeet Chaudhuri also led the firm’s team in the transaction, which was completed on February 28, 2025. Moreover, AZB & Partners has advised Vistaar Financial Services, a portfolio...

Allen & Gledhill has advised DBS Bank, Malayan Banking Singapore Branch, Oversea-Chinese Banking Corporation and United Overseas Bank, as global coordinators, on the S$12 billion (US$9b) term and revolving loan facilities to Marina Bay Sands. The facilities will be used to finance the expansion of the Marina Bay Sands integrated resort, which will comprise a fourth tower, luxury suites, a 15,000-seat entertainment arena and additional MICE space. Partners Lim Wei Ting and Eudora Tan led the firm’s team in the transaction, which is the largest Singapore dollar syndicated loan to date. Allen & Gledhill has also advised DBS Bank, acting through its Australia branch, on the issue of A$1.5 billion (US$942m) floating rate notes due 2028, under its US$30 billion global medium term note programme. Partner Glenn David Foo led the firm’s team in the transaction. Moreover, Allen & Gledhill has advised Bangkok Bank on the US$835 million term and bank guarantee facilities to Dhilmar Canada. The facilities will be used to finance the acquisition of the Éléonore gold mine in Northern Québec, Canada from Newmont. Partner Lim Wei Ting led the firm’s team in the transaction. AZB & Partners is advising OSM Thome and its Indian subsidiaries OSM Thome India, OSM Fleet Management India, OSM India Crew Management and Thome Shipping (India), on the acquisition by JP Morgan of stake in OSM Thome, including in its Indian subsidiaries, from Brookfield Oaktree. Partners Divya Mundra, Anuja Tiwari, Kritika Agarwal and Mallika Anand are leading the firm’s team in the transaction, which was signed on February 21, 2025 and is yet to be completed. AZB & Partners has also advised Addition Three, a...

AZB & Partners is advising Bharti Life Ventures and Bharti AXA Life Insurance on the acquisition of 15 percent stake in Bharti Axa Life Insurance by 360 One Funds. Partners Anil Kasturi and Niladri Maulik are leading the firm’s team in the transaction, which was signed on February 17, 2025 and is yet to be completed. AZB & Partners has also advised ArisInfra Solutions, the Mankekar Family (Kedar Shivanand Mankekar, Shivanand Shankar Mankekar, Laxmi Shivanand Mankekar and Shivanand Shankar Mankekar HUF) and the Shah Family (Siddharth Bhaskar Shah, Priyanka Bhaskar Shah, Aspire Family Trust and Jasmine Bhaskar Shah) on the acquisition of stake in ArisInfra Solutions by Cognizant Capital Dynamic Opportunities Fund. Partners Anand Shah and Kinshuk Jhunjhunwala led the firm’s team in the transaction, which was completed on January 22, 2025. Moreover, AZB & Partners is advising Cube Highways Trust and Cube Highways and Infrastructure V on their Rs41 billion (US$471m) acquisition of Quazigund Expressway and Athaang Jammu Udhampur Highway from the National Infrastructure Investment Fund. Partners Aditya Periwal, Atreya Bhattacharya and Kirthi Srinivas are leading the firm’s team in the transaction, which was signed on February 7, 2025 and is yet to be completed. JSA has advised Bajaj Consumer Care (BCC), a public-listed FMCG company within the Bajaj Group, on its 100 percent acquisition from private equity fund Peepul Capital of Vishal Personal Care, which manufactures skin and hair care products under the brand name ‘Banjara’s’. The acquisition will be completed in two tranches, where BCC will initially acquire a minority 49 percent stake, followed by a time-bound acquisition of the remaining 51 percent, subject to the satisfactory completion...