Allen & Gledhill has advised Bayfront Infrastructure Capital III, a wholly-owned subsidiary of Bayfront Infrastructure Management, on the issue of four classes of investment grade rated notes, comprising US$187.9 million Class A1 senior secured floating rate notes due 2044, US$110 million Class A1-SU senior secured floating rate notes due 2044, US$33.4 million Class B senior secured floating rate notes due 2044 and US$43 million Class C senior secured floating rate notes due 2044. Bayfront Infrastructure Management is the sponsor for the transaction and the holder of preference shares issued by Bayfront Infrastructure Capital. BIM Asset Management, a wholly-owned subsidiary of Bayfront Infrastructure Management, is the collateral manager for the transaction. The four classes of notes are backed by cash flows from a portfolio of project and infrastructure loans in the Asia-Pacific, Middle East and Americas regions. The notes were offered to institutional investors and are listed in Singapore. Partners Yeo Wico, Jeanne Ong, Andrew Chan, Jo Tay and Sunit Chhabra led the firm’s team in the transaction. Allen & Gledhill has also acted as transaction counsel to PayU Fintech Investments on its participation in the US$13 million Series B financing round of AYO Technology (Ayoconnect), which was led by SIG Venture Capital. PayU is the payment and fintech business of Prosus. Ayoconnect is an open finance platform in Indonesia with more than 200 application programming interface (API) customers and 4,000 embedded finance products. Partner Nicholas Soh led the firm’s team in the transaction. Ashurst has represented Rego Interactive on its HK$100.7 million (US$12.8m) global offering and listing of its shares in Hong Kong. A marketing service provider based in China,...

Allen & Gledhill has acted as transaction counsel to JHF Mercury Capital Partners, acting through its general partner Mercury JHF Capital Partners, on the ¥15 billion (US$102m) revolving credit, letter of credit and bank guarantee facility, with an accordion increase up to ¥25 billion (US$170m), from United Overseas Bank, DBS Bank and Oversea-Chinese Banking Corporation as joint mandated lead arrangers and book-runners, lenders and issuing banks. The facility is used for funding expenses, investments and general working capital purposes, for which a capital call is expressly allowed to be made under the limited partnership documents relating to JHF Mercury Capital Partners. Partners Kok Chee Wai and Wong Jie Ning led the firm’s team in the transaction. Allen & Gledhill has also acted as transaction counsel to DBS Bank, Sumitomo Mitsui Banking Corporation Singapore Branch, United Overseas Bank, Malayan Banking Singapore Branch, The Hongkong and Shanghai Banking Corporation Singapore Branch, Oversea-Chinese Banking Corporation and MUFG Bank Singapore Branch on the S$620 million (US$432m) and US$162 million dual currency loan facilities to Asia Mobile Holdings. The facilities are to finance, among others, its working capital requirements. Partner Lim Wei Ting led the firm’s team in the transaction. Allen & Overy has advised Infinigate Group, a pan-European value-added distributor (VAD) of cybersecurity solutions and a portfolio company of private equity firm Bridgepoint, on its merger with StarLink. This is the latest important step in Infinigate’s expansion strategy, which will extend its reach to more than 50 countries, with offices in more than 30 countries. Founded in 2005 and based in Dubai, StarLink is a market-leading VAD in cybersecurity, secure cloud and secure networking in the...

Allen & Gledhill has acted as transaction counsel to Immuni Software on its US$24 million Series A financing, led by Framework Ventures. Immunefi is a bug bounty and security services platform for Web3, which provides cybersecurity software and services to blockchain and DeFi projects. Partner Nicholas Soh led the firm’s team in the transaction. Allen & Gledhill has also acted as transaction counsel to CIMB Bank Singapore Branch and Shanghai Pudong Development Bank Singapore Branch on the US$150 million term and revolving green loan facilities granted to Shining Pearl Investments, as part of an offshore-onshore linked financing. The proceeds were used to, among others, refinance existing borrowings and to finance Shining Pearl Investments’ general and working capital purposes, in relation to real estate located in Shanghai’s central business district. Partner Kok Chee Wai led the firm’s team in the transaction. AZB & Partners has advised Mayo Clinic on its acquisition of stake in Karkinos Healthcare. Partners Darshika Kothari and Vasudha Asher led the firm’s team in the transaction, which was completed on August 31, 2022. AZB & Partners has also advised Radici Plastics India on its acquisition, via slump sale as a ‘going concern’ for an aggregate all-cash consideration of approximately Rs2.9 billion (US$35.6m), of the engineering plastics business of Ester Industries. Partners Srinath Dasari, Nohid Nooreyezdan, Nanditha Gopal, Aditya Singh Chandel, Bharat Budholia and Veena Gopalakrishnan led the firm’s team in the transaction, which was completed on September 15, 2022. Bird & Bird ATMD has acted for East Ventures, a pioneering and leading sector-agnostic and Indonesia-focused venture capital firm, as the lead investor on the US$26 million Series A fundraising...

Allen & Gledhill has acted as transaction counsel to The Hongkong and Shanghai Banking Corporation Singapore Branch, as the facility agent for both the financing and the lending group, consisting of 19 banks from Australia, Canada, Europe, Japan, the Middle East, Singapore and the US. The facility was for the refinancing of Olam Food Ingredients’ existing loans and general corporate purposes. The interest margin on the financing is linked to the achievement of sustainability targets across environmental, social and governance areas. Partner Mark Hudspeth led the firm’s team in the transaction. Allen & Gledhill has also acted as transaction counsel to DBS Bank, Oversea-Chinese Banking Corporation and United Overseas Bank on the S$1.2 billion (US$830m) facilities to Grand Dunman (sponsored by SingHaiyi Group, Haiyi Holdings and China Construction (South Pacific) Development). The facilities are to finance the acquisition of the government land sale site at Dunman Road, Singapore and the construction of a residential development with more than 1,000 units. Partners Lim Wei Ting and Ernest Teo led the firm’s team in the tranaction. AZB & Partners is advising Gruppo Mutuionline on the Indian aspect of its Rs12 billion (US$147m) acquisition from ZPG Comparison Services Holdings UK of 100 percent share capital of group entities Preminen Price Comparison Holdings, Rastreator.com and LeLynx SAS, and the business acquisition of the India branch office of Inspop.com. Partners Roxanne Anderson and Gautam Ganjawala are leading the firm’s team in the transaction, which was signed on August 28, 2022 and is yet to be completed. AZB & Partners is also advising Reliance Industries, via its subsidiary Reliance Strategic Business Ventures, on its Rs16.7 billion (US$204m) acquisition of 50.1 percent...

Allen & Gledhill has advised Public Utilities Board (PUB) on the establishment of S$10 billion (US$7b) multicurrency medium term note programme and issue of US$800 million 3.43 percent green notes due 2052. The notes will be used to finance or refinance new or existing eligible green projects under PUB’s Green Financing Framework. Partners Margaret Chin, Fabian Tan and Sunit Chhabra led the firm’s team in the transaction. Allen & Gledhill has also advised Housing and Development Board on the issue of S$1 billion (US$709m) fixed rate notes due 2029, under its S$32 billion (US$22.7b) multicurrency medium term note programme. Partners Margaret Chin, Fabian Tan and Sunit Chhabra also led the firm’s team in the transaction. AZB & Partners advised Tata Sons affiliate Tata Digital on its acquisition, along with certain other existing shareholders, of stake in Tata 1MG Technologies (formerly known as 1MG Technologies), pursuant to a rights issue undertaken by 1MG. The total rights issue size is Rs3.2 billion (US$40m), while the amount invested by Tata in 1MG is Rs2.54 billion (US$32m). Partner Nilanjana Singh led the firm’s team in the transaction, which was completed on September 2, 2022. AZB & Partners is also advising Internet Fund V, a fund managed by Tiger Global Management, on the Rs1.25 billion (US$15.6m) acquisition of equity stake by Oaks India Consumer Fund-I (OAKS Asset Management) in Wow Momo Foods, via Series D fund raise round. Internet Fund V is an existing investor in Wow Momo Foods. Partners Ashwath Rau, Srinath Dasari and Nanditha Gopal are leading the firm’s team in the transaction, which was signed on September 05, 2022 and is yet...