DEALS AZB & Partners has advised Cube Highways and Infrastructure I-D, a portfolio company of I Squared Capital, on the Rs3.85 billion (US$52.8m) acquisition by Nelamangala Devihalli Expressway from Lanco Devihalli Highways of an NHAI four-lane toll road connecting Neelamangala and Devihalli in Karnataka-Cube Highways. Partners Gautam Saha, Rajendra Barot and Ambarish Mohanty led the firm’s team in the transaction, which was completed on January 11, 2021. AZB & Partners has also advised Tata Capital on the Rs12.5 billion (US$171.5m) acquisition by various institutional investors of shareholding in the Tata Capital Growth Fund II set up by Tata Capital. Partners Ashwath Rau and Pallabi Ghosal led the firm’s team in the transaction, which was signed and completed on January 15, 2021. Clifford Chance has advised global energy company Iberdrola on its acquisition of Japan’s renewable developer, Acacia Renewables KK. Iberdrola has acquired Acacia Renewables and entered into a joint venture with Macquarie’s Green Investment Group to develop a 3.3GW offshore wind portfolio in Japan. The acquisition opens up the opportunity for Iberdrola to enter the Japanese offshore wind market, which is in its early stages and has strong growth potential over the coming decades. Partners Natsuko Sugihara and Yusuke Abe led the firm’s team in the transaction. Clifford Chance has also advised the joint sponsors and underwriters, including Morgan Stanley, Bank of America and China Renaissance Securities, on short video social platform Kuaishou Technology’s US$5.4 billion IPO and listing in Hong Kong. The IPO is Hong Kong’s largest technology IPO in history, and the world’s largest by a technology company since Uber Technologies’ in 2019. The retail tranche was...
