AZB & Partners has advised CIF II Scheme I (Creaegis) on its Rs2.4 billion (US$29m) acquisition of stake in Kale Logistics. Partners Srinath Dasari and Nanditha Gopal led the firm’s team in the transaction, which was completed on October 6, 2023.
AZB & Partners has also advised Addition Three, a fund managed by Addition Capital, on its US$12.4m) acquisition of equity stake in SuperOps. Partners Srinath Dasari, Nanditha Gopal and Gautam Rego led the firm’s team in the transaction, which was completed on October 10, 2023.
Moreover, AZB & Partners is advising Bharti Life Ventures (BLV) and Bharti AXA Life Insurance (BALI) on BLV’s acquisition of balance equity stake in BALI from AXA India Holdings. Partners Anil Kasturi and Niladri Maulik are leading the firm’s team in the transaction, which was signed on October 11, 2023 and is yet to be completed.
Baker McKenzie has acted for BIM Land, Vietnam’s leading tourism and property developer, and Thanh Xuan on the issuance of Vietnam’s first local currency sustainability bonds. The bonds issue will enable both companies to expand their businesses while creating jobs, boosting competitiveness and supporting the country’s low-carbon growth model. Both BIM Land and Thanh Xuan are subsidiaries of BIM Group, a Vietnam-based multi-sector corporation. On September 19, 2023, the International Finance Corporation announced that it would invest up to Vnd 3.49 trillion (US$123m) in the bonds. The proceeds will be used to develop the Thanh Xuan valley project in northern Vinh Phuc province, which includes an eco-friendly and unique residential community alongside a hotel complex under the InterContinental brand, as well as other relevant services and infrastructure. The IFC funding will also help the developers implement water and energy savings solutions in the InterContinental and the Regent, two BIM Land hotels in Phu Quoc Island. Partner Oanh Nguyen led the firm’s team in the transaction.
Clifford Chance has advised Commonwealth Bank of Australia, as the sole sustainability coordinator, mandated lead arranger, book-runner and facility agent, on a sustainability-linked A$500 million (US$317.3m) syndicated credit facility for Gold Fields, the seventh largest gold producer in the world. The five-year syndicated credit facility, with a A$100 million (US$63m) accordion option, will enable Gold Fields to receive a margin adjustment based on its performance against ESG-related goals, such as increasing female representation in its workforce, reducing carbon emissions and using more recycled water. Perth partner Mark Gillgren led the firm’s team in the transaction, which is one of the first sustainability-linked loan transactions in the Australian mining industry, and the first for a gold mining company in the country.
AZB & Partners has advised CIF II Scheme I (Creaegis) on its Rs2.4 billion (US$29m) acquisition of stake in Kale Logistics. Partners Srinath Dasari and Nanditha Gopal led the firm’s team in the transaction, which was completed on October 6, 2023.
AZB & Partners has also advised Addition Three, a fund managed by Addition Capital, on its US$12.4m) acquisition of equity stake in SuperOps. Partners Srinath Dasari, Nanditha Gopal and Gautam Rego led the firm’s team in the transaction, which was completed on October 10, 2023.
Moreover, AZB & Partners is advising Bharti Life Ventures (BLV) and Bharti AXA Life Insurance (BALI) on BLV’s acquisition of balance equity stake in BALI from AXA India Holdings. Partners Anil Kasturi and Niladri Maulik are leading the firm’s team in the transaction, which was signed on October 11, 2023 and is yet to be completed.
Baker McKenzie has acted for BIM Land, Vietnam’s leading tourism and property developer, and Thanh Xuan on the issuance of Vietnam’s first local currency sustainability bonds. The bonds issue will enable both companies to expand their businesses while creating jobs, boosting competitiveness and supporting the country’s low-carbon growth model. Both BIM Land and Thanh Xuan are subsidiaries of BIM Group, a Vietnam-based multi-sector corporation. On September 19, 2023, the International Finance Corporation announced that it would invest up to Vnd 3.49 trillion (US$123m) in the bonds. The proceeds will be used to develop the Thanh Xuan valley project in northern Vinh Phuc province, which includes an eco-friendly and unique residential community alongside a hotel complex under the InterContinental brand, as well as other relevant services and infrastructure. The IFC funding will also help the developers implement water and energy savings solutions in the InterContinental and the Regent, two BIM Land hotels in Phu Quoc Island. Partner Oanh Nguyen led the firm’s team in the transaction.
Clifford Chance has advised Commonwealth Bank of Australia, as the sole sustainability coordinator, mandated lead arranger, book-runner and facility agent, on a sustainability-linked A$500 million (US$317.3m) syndicated credit facility for Gold Fields, the seventh largest gold producer in the world. The five-year syndicated credit facility, with a A$100 million (US$63m) accordion option, will enable Gold Fields to receive a margin adjustment based on its performance against ESG-related goals, such as increasing female representation in its workforce, reducing carbon emissions and using more recycled water. Perth partner Mark Gillgren led the firm’s team in the transaction, which is one of the first sustainability-linked loan transactions in the Australian mining industry, and the first for a gold mining company in the country.
Khaitan & Co has advised Warner Music India on the acquisition of E Positive Entertainment, an Indian artist management and live events company. E-Positive represents Darshan Raval, who ranks among the top five most-streamed artists in India. Raval is also the fastest-growing artist in the region, having quadrupled his daily streams in the past 12 months. Partner Bhavik Narsana, supported by partners Tanu Banerjee, Nishad Nadkarni and Deepak Kumar, led the firm’s team in the transaction.
Khaitan & Co has also advised True North, one of the oldest mid-market private equity firms in India, on its acquisition, through True North’s Fund VI, of a minority stake in each of iLink Multitech Solutions and iLink Systems for a total consideration of US$75 million. Partners Niren Patel and Shreya Mukherjee, supported by partners Mehul Shah, Bijal Ajinkya, Shabnam Shaikh, Anshuman Sakle and Nayantara Kutty, led the firm’s team in the transaction.
Paul Hastings has advised Morgan Stanley Asia, China International Capital Corporation Hong Kong Securities and China Securities (International) Corporate Finance, as the joint sponsors, overall coordinators, joint global coordinators, joint book-runners, joint lead managers and capital market intermediaries, on the HK$820.3 million (US$105m) global offering and listing of Shiyue Daotian Group in Hong Kong. Shiyue Daotian is one of the leading and rapidly growing pantry staple food companies in China, dedicated to providing consumers with pre-packaged premium rice, whole grain, bean and dried food products. Founding partner and Greater China chair Raymond Li and corporate partners Peter Cheng and Steven Hsu led the firm’s team in the transaction.
Skadden is acting as US counsel to the consortium on Genetron Holdings’ definitive agreement and plan of merger with New Genetron Holding and its wholly-owned subsidiary Genetron New Co. Pursuant to the merger agreement and subject to the terms and conditions thereof, Genetron New Co will merge with and into Genetron Holdings, with Genetron Holdings continuing as the surviving entity and becoming a wholly-owned subsidiary of New Genetron Holding. Genetron Holdings is a leading precision oncology platform company in China that specializes in offering molecular profiling tests, early cancer screening products and companion diagnostics development. Corporate partners Peter Huang (Beijing) and Haiping Li (Hong Kong) led the firm’s team in the transaction, which implies an equity value of approximately US$126 million for Genetron Holdings.
WongPartnership has acted for Cercano Management Asia, as lead investor, on the series seed funding round of KozyStay, a proptech start-up based in Indonesia. Partner Kyle Lee led the firm’s team in the transaction, with partner Kylie Peh.
