Allen & Gledhill has advised The Hongkong and Shanghai Banking Corporation Singapore Branch, as facility agent for the financing, and the lending and syndication group, which consisted of 17 banks from Australia, Canada, Europe, Japan, Singapore, and the US, on the US$1.8 billion term and revolving loan facilities to Olam Treasury. The proceeds of the facilities will be applied towards the refinancing of Olam Group’s existing loans, working capital and general corporate funding requirements. Partner Julie Sim led the firm’s team in the transaction. Allen & Gledhill has also advised Malayan Banking Singapore Branch and United Overseas Bank on the S$504 million (US$387m) term loan facility to GES Tradewinds. The facility was used by GES Tradewinds to, among other purposes, finance the acquisition of the property known as Mapletree Anson located in Singapore. Partners Kok Chee Wai and Ernest Teo led the firm’s team in the transaction. Moreover, Allen & Gledhill has advised the Public Utilities Board (PUB) on the issue of S$325 million (US$249m) 2.502 percent green notes due 2031 under its S$10 billion (US$7.67b) medium term note programme. The notes are intended to be green bonds under PUB’s green financing framework. Partners Margaret Chin and Sunit Chhabra led the firm’s team in the transaction. AZB & Partners is advising Hero Enterprise Partner Ventures on its acquisition, along with other companies, in Homevista Décor and Furnishings (HomeLane). Partners Anil Kasturi and Ashish Pareek are leading the firm’s team in the transaction, which was signed on September 27, 2024 and is yet to be completed. AZB & Partners has also advised Haier Appliances (India) and its...

Allen & Gledhill has advised DBS Bank, Oversea-Chinese Banking Corporation and United Overseas Bank on the S$5.9 billion (US$4.6b) term facilities to CLA Real Estate Holdings. The facilities will be used by CLA Real Estate to, among others, fund its working capital requirements and for general corporate purposes. Partner Kok Chee Wai led the firm’s team in the transaction. Allen & Gledhill has also advised Bank of China Singapore Branch, CIMB Bank Singapore Branch, DBS Bank, Oversea-Chinese Banking Corporation, RHB Bank, Sumitomo Mitsui Banking Corporation Singapore Branch and United Overseas Bank on the S$1.7 billion (US$1.3b) term and revolving loan facilities to Orchard Turn Retail, a company sponsored by CapitaLand and Sun Hung Kai Properties. The facilities will be used to refinance borrowings previously obtained for the acquisition and development of ION Orchard. Partners Lim Wei Ting and Ernest Teo led the firm’s team in the transaction. Moreover, Allen & Gledhill has advised DBS Bank, Oversea-Chinese Banking Corporation and United Overseas Bank on the S$1.4 billion (US$1.1b) acquisition refinancing, land charges, stamp duty, goods and services charge and construction facilities granted to GMC Property, in relation to the land and redevelopment at 5001 Beach Road, which was the subject of an en bloc acquisition. The facilities were secured by, inter alia, a mortgage over the property. Partners Jafe Ng, Daselin Ang and Lyn Wee led the firm’s team in the transaction. AZB & Partners is advising Fairfax India Holdings Corporation, through its investment vehicle, FIH Mauritius Investments, on its Rs6.9 billion (US$82m) acquisition of significant stake in Global Aluminium. Partners Darshika Kothari and Kritika Agarwal are leading the firm’s team...

AZB & Partners has advised Plutus Wealth Management / Mr Arpit Khandelwal on the Rs7.15 billion (US$85.5m) acquisition of stake by Plutus, along other acquirers, in Vikram Solar. Partners Hardeep Sachdeva, Priyamvada Shenoy and Gaurav Priyadarshi led the firm’s team in the transaction, which was completed on June 10, 2024. AZB & Partners has also advised Michael & Susan Dell Foundation on its Rs210 million (US$2.5m) acquisition of stake in Futwork. Partners Hardeep Sachdeva and Priyamvada Shenoy led the firm’s team in the transaction, which was completed on August 28, 2024. Moreover, AZB & Partners is advising Oravel Stays on its Rs44.07 billion (US$526m) acquisition of G6 Hospitality. Partners Niladri Maulik and Anshuman Vikram Singh are leading the firm’s team in the transaction, which was signed on September 6, 2024 and is yet to be completed. Baker McKenzie Thailand has represented RS Public Company and RS Music (RS Group) on the divestment of RS Group’s entire music catalog to Universal Music Group and Universal Music (Thailand) (UMG Group). After representing RS Group on the sale of its interests in its music catalog assets and joint venture with UMG Group in 2023, the firm has just completed the sale of RS Group’s additional stakes, with a total value of US$65 million, to UMG Group. The RS Group’s music catalog is the second largest in Thailand, comprising more than 10,000 master recordings and 6,000 copyright ownerships, publishing rights and licenses dating back as early as 1981. This partnership is in line with RS Public Company’s business plan. Under the joint venture, RS Group would retain rights to ‘offline’ distribution channels in...

A&O Shearman has advised the underwriters on the Republic of the Philippines’ SEC-registered offering of 4.375 percent US Dollar-Denominated Global Bonds due 2030, 4.75 percent US Dollar-Denominated Global Bonds due 2035 and 5.175 percent US Dollar-Denominated Global Bonds due 2049 for an aggregate principal amount of US$2.5 billion. This offering highlights the Philippines’ strategic engagement with global capital markets, demonstrating its commitment to fiscal resilience and economic growth. Partner Felipe Duque, supported by partner Jack Heinberg, led the firm’s team in the transaction. A&O Shearman is also advising IHH Healthcare, one of the world’s largest private healthcare groups, on its US$900 million acquisition of Island Hospital, Penang. Partner James Mythen is leading the firm’s team in the transaction, which is expected to close in November 2024, and is one the largest M&A deals in Malaysia this year. AZB & Partners is advising The Rise Fund (founded by TPG) on the Rs20 billion (US$238m) investment by the International Finance Corporation, Asian Development Bank and DEG-Deutsche Investitions-UND ENTWICKLUNGSGESELLSCHAFT consortium in Fourth Partner Energy. Partners Nandish Vyas and Malaveeka Chakravarthy are leading the firm’s team in the transaction, which was signed on June 29, 2024 and is yet to be completed. AZB & Partners is also advising Perfect Day on its US65.45 million sale of equity stake in Sterling Biotech to Zydus Animal Health and Investments (Zydus Lifesciences). Partners Hardeep Sachdeva, Ravi Bhasin and Sudish Sharma are leading the firm’s team in the transaction, which was signed on August 23, 2024 and is yet to be completed. Moreover, AZB & Partners is advising Kohlberg Kravis Roberts & Co and investment funds, vehicles and/or entities...

AZB & Partners is advising Bain Capital Private Equity on its Rs414 billion (US$5b) acquisition of PowerSchool Holdings and its Indian subsidiaries, including PowerSchool India and Jarulss Software Solutions. Partner Nilanjana Singh is leading the firm’s team in the transaction, which was signed on June 7, 2024 and is yet to be completed.  AZB & Partners has also advised Anshul Life Sciences on the acquisition of Anshul Life Sciences by Barentz Distribution India, a wholly-owned SPV of Barentz International. Partners Vaidhyanadhan Iyer and Sneha Nagvekar led the firm’s team in the transaction, which was completed on July 25, 2024. Moreover, AZB & Partners is advising Blu-Smart Mobility on the Rs2 billion (US$24m) acquisition of stake in Blu-Smart Mobility by responsAbility Investments,  private investor Sumant Sinha and  private individual Mahendra Singh Dhoni. Partners Anil Kasturi and Ashish Pareek are leading the firm’s team in the transaction, which was signed on July 4, 2024 and is yet to be completed. Allen & Gledhill has advised CLI Treasury and CapitaLand Investment on the issue of S$350 million (US$268m) 3.58 percent notes due 2035 by CLI Treasury, under its S$6 billion (US$4.6b) euro medium term note programme. CapitaLand Investment unconditionally and irrevocably guaranteed the notes. Partners Wu Zhaoqi and Sunit Chhabra led the firm’s team in the transaction. Allen & Gledhill has also advised venture capital firm Journey Capital Partners on leading the Series A2 investment in Asa Technology, the Singapore-based holding company of Manuva, an Indonesia-based supply chain start-up which is developing a platform that connects small and medium-sized enterprise manufacturers, which produce ready-made, custom-made packaging and semi-branded goods, with retailers and...