AZB & Partners is advising CapFloat Financial Services and its promoters, Gaurav Dinesh Hinduja and Sashank Ramasubban Rishyasringa, on the acquisition by Amazon International Holdings of significant stake in CapFloat Financial Services (Axio). Partner Srinath Dasari is leading the firm’s team in the transaction, which was signed on January 18, 2025 and is yet to be completed. AZB & Partners has also advised JSW Energy on its US$1.84 billion acquisition of KSK Mahanadi Power. Partners Suharsh Sinha, Avinash Subramanian, Qais Jamal and Vivek Shett led the firm’s team in the transaction, which was signed on January 13, 2025. Moreover, AZB & Partners is advising Neo Markets Services on its acquisition of stake in Nobel Hygiene. Partner Kunal Kumbhat is leading the firm’s team in the transaction, which was signed on January 13, 2025 and is yet to be completed. Baker McKenzie Thailand has represented INEOS Styrolution, a global leader in styrenics manufacturing and supply, on the divestment of its entire equity interests in the acrylonitrile butadiene styrene (ABS) and styrene acrylonitrile (SAN) production site in Map Ta Phut, Thailand. The equity interests were sold to India-listed Styrenix Group, a leading ABS and SAN producer in India. The transaction, which involved the disposal of INEOS’s entire equity interests in INEOS Styrolution (Thailand), was completed in January 2025. M&A partners Sumet Orsirivikorn and Purachate Manussiripen led the firm’s team in the transaction. Baker McKenzie has also advised Potentia Energy on its agreement with CVC DIF and Cbus Super to acquire control of a portfolio of more than one gigawatt (1 GW) of renewable assets across Australia. The portfolio comprises diverse wind...

AZB & Partners has advised Everstone Doc, EverSaaS Holdings and Everstone Capital Partners IV on their approximately US$200 million acquisition, along with other acquirers, of substantial stake in Wingify Software. Partners Anil Kasturi and Anisha Shridhar led the firm’s team in the transaction, which was completed on January 24, 2025. AZB & Partners is also advising New Mountain Capital on the acquisition by its investment vehicle, Brilliance Technologies, of significant stake in Access Healthcare Services and its various subsidiaries. Partners Darshika Kothari and Kunal Kumbhat are leading the firm’s team in the transaction, which was signed on January 12, 2025 and is yet to be completed. Moreover, AZB & Partners is advising Bain Capital on its acquisition of significant minority stake in Dhoot Transmission. Partners Nandish Vyas, Abhilash Chandran, Anand Shah, Ishan Handa, Kirthi Srinivas, Nishanth Ravindran and Ruchit Parikh are leading the firm’s team in the transaction, which was signed on January 15, 2025 and is yet to be completed. Clifford Chance has advised Health and Happiness (H&H) International Holdings on a loan/bond combination refinancing exercise involving a US$300 million 9.125 percent senior notes due 2028, and a concurrent tender offer for the H&H’s 13.5 percent senior notes due 2026; a term loan facility and a multi-currency revolving credit facility in an aggregate amount of US$560 million equivalent; and, an offshore Renminbi syndicated loan facility equivalent to US$150 million. Hong Kong-listed H&H is a global health and nutrition company headquartered in Hong Kong and London. The proceeds from the loan facilities and the notes will be used for refinancing. Partner Charlotte Leung, along with partners Matt Truman, Charlotte...

Allen & Gledhill has advised the Housing and Development Board on the issue of S$950 million (US$706m) fixed rate green notes due 2030, under its S$32 billion (US$23.8b) multicurrency medium term note programme. The notes are 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 the HDB. Partners Margaret Chin and Sunit Chhabra led the firm’s team in the transaction. Allen & Gledhill has also advised Titan Dining Group on the S$252 million (US$187.3m) sale of shares in Tim Ho Wan Holdings to Jollibee Foods. Partners Michèle Foo and Alexander Yap led the firm’s team in the transaction. AZB & Partners has advised Cintra InvIT Investments and Cintra IM Investments on a secondary off-market transaction with GIC, through its affiliate Stretford End Investment, wherein Cintra InvIT and Cintra IM purchased additional shares, pursuant to an agreement dated December 16, 2024. Partners Janhavi Seksaria, Rushabh Maniar and Kirthi Srinivas led the firm’s team in the transaction, which was completed on December 20, 2024. AZB & Partners is also advising Blue Horizon Hotels and AS Muniswamy Raju HUF on their Rs8.7 billion (US$100m) sale of Vega City Mall to Vijaya Productions, a special purpose vehicle of Nexus Select Trust. Partners Bhuvana Veeraragavan and Malini Raju are leading the firm’s team in the transaction, which was signed on October 17, 2024 and is yet to be completed. Moreover, AZB & Partners has advised Incuspaze Solutions on its Rs500 million (US$5.8m) sale...

Allen & Gledhill has advised venture capital firm Cercano Management Asia on the US$2 million Series A fundraising round in Heli Care, the Singapore-based holding company of Heli Care Joint Stock Company, a Vietnam-based clinic chain which provides private family doctor services to deliver convenient and personalised healthcare. Partner Nicholas Soh, supported on Vietnam law issues by Allen & Gledhill (Vietnam) partners Oh Hsiu-Hau and Tran Ngoc Hoang Phuong, led the firm’s team in the transaction. AZB & Partners has advised KKR India Financial Investments on its sale of stake in InCred Holdings (formerly known as KKR Capital Markets India), to InCred Wealth & Investment Services. Partner Roxanne Anderson led the firm’s team in the transaction, which was completed on December 5, 2024. AZB & Partners has also advised Royce Asia Holdings II on its acquisition of stake in Rebel Foods. Partners Roxanne Anderson, Nishanth Ravindran, Nandan Pendsey and Bharat Budholia led the firm’s team in the transaction, which was completed on December 19, 2024. Moreover, AZB & Partners is advising Delta Manufacturing on the acquisition of 50 percent shareholding by Premo in MMG Ferrites, a wholly-owned subsidiary of Delta Manufacturing. Partners Ashwath Rau and Aditya Alok are leading the firm’s team in the transaction, which was signed on December 19, 2024 and is yet to be completed. Clifford Chance has advised Goldman Sachs and Huatai Financial, as the joint sponsors and underwriters, on Bloks Group’s IPO and listing in Hong Kong. The IPO received substantial investor interest, ranking as one of the top three most oversubscribed, in terms of margin subscription, in the history of Hong Kong’s capital markets. Bloks Group...

Allen & Gledhill (Vietnam) has advised Mitsui & Co on its joint venture with Vedan Viet Nam Enterprise, which involved the establishment in Vietnam of a new company dedicated to the international trade of bio-stimulant products. The JV marks a significant step in advancing sustainable agricultural nutrition, and underscores Mitsui and Vedan’s commitment to innovation in this growing sector. Managing partner Oh Hsiu-Hau and partner Tran Ngoc Hoang Phuong led the firm’s team in the transaction. AZB & Partners has advised Kohlberg Kravis Roberts & Co and investment funds, vehicles and/or entities managed and/or advised by it or its affiliates on their Rs5 billion (US$58.3m) acquisition, thru Vertical Holdings II, along with other acquirers, of stake in LEAP India. Partners Ashwath Rau and Atreya Bhattacharya led the firm’s team in the transaction, which was completed on December 24, 2024. AZB & Partners has also advised Amansa Investments on its Rs400 million (US$4.7m) acquisition of stake by Amansa in Standard Glass Lining Technology. Partner Vaidhyanadhan Iyer led the firm’s team in the transaction, which was completed on December 17, 2024. Moreover, AZB & Partners is advising Oravel Stays on its Rs5 billion (US$58.3m) sale of stake to Redsprig Innovation Partners. Partners Niladri Maulik and Anshuman Vikram Singh are leading the firm’s team in the transaction, which was signed on December 12, 2024 and is yet to be completed. Baker & McKenzie has advised Tokyo Gas on its acquisition of a 21.2 percent stake in WindFloat Atlantic, an operational floating offshore wind farm in Portugal operated by Windplus, a majority-owned subsidiary of Ocean Winds. The deal, which closed in November, is also Tokyo...