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...

Allen & Gledhill has advised United Overseas Bank, as the appointed mandated lead arranger, underwriter and book-runner, original lender, green loan coordinator, facility agent and security agent, on the S$410 million (US$310m) green term loan facility to Oxley Beryl. The facility will be used to refinance existing facilities granted to Oxley Beryl, in respect of its acquisition of certain strata lots in the building known as CIMB Plaza in Singapore. Partner Kok Chee Wai led the firm’s team in the transaction. Allen & Gledhill has also advised Nanshan Life and Nan Shan Life Insurance on Nanshan Life’s issue of US$700 million 5.45 percent Tier 2 subordinated dated capital bonds due 2034, which involved the incorporation of Nanshan Life as a special purpose vehicle in Singapore. The bonds are irrevocably and unconditionally guaranteed by Nan Shan Life Insurance. Partners Patricia Seet, Bernie Lee, Aaron Lee, Jo Tay, Sunit Chhabra and Alexander Yap led the firm’s team in the transaction. Moreover, Allen & Gledhill has advised Zevero, a Singapore-headquartered climate technology startup, on the US$7 million series seed financing round led by Japanese venture capital firm Spiral Capital, together with other co-investors, including East Ventures. Zevero helps companies seamlessly track and analyse their carbon footprints, and comply with sustainability disclosures through its AI-enabled software, with an ultimate mission of making a zero-emission world possible. Partner Nicholas Soh led the firm’s team in the transaction. AZB & Partners is advising the Heubach group, which includes a group of entities comprised within the Heubach group and the lenders controlling some of these entities, on the Rs11.8 billion (US$140m) acquisition of stake in Heubach...

Allen & Gledhill has advised Keppel, via its subsidiary, Oil (Asia), on the S$391.1 million (US$297m) divestment of a 70 percent stake in Saigon Sports City, which holds the right to develop a mixed-use project on a land plot of approximately 64 hectares in Thu Duc City, Ho Chi Minh City, Vietnam for a transaction value of up to S$391.1 million (US$297m). Managing partner Oh Hsiu-Hau and partner Tran Ngoc Hoang Phuong from Allen & Gledhill (Vietnam) and partners Tan Kai Liang and Wong Yi Jia from Allen & Gledhill’s Singapore office led the firms’ teams in the transaction. Allen & Gledhill has also advised Mizuho Bank and RHB Bank on the S$224 million (US$170m) term loan facilities to YTL Cement Singapore. The facilities will be used to finance the acquisition of approximately 81.24 percent of the ordinary shares and the mandatory general offer for the remaining ordinary shares in Singapore-listed NSL. Partner Aloysius Ng led the firm’s team in the transaction. Moreover, Allen & Gledhill has advised Advario on the acquisition of a minority stake in Chemoil Storage, the holding company of Advario Helios Singapore, which indirectly owns and operates the Helios storage terminal in Singapore, from Macquarie Helios Holdings, which is jointly held by Macquarie Capital and the Employees Provident Fund of Malaysia. Following the transaction, Advario owns 100 percent of the shares in Chemoil Storage. Partners Oh Hsiu-Hau and Wong Yi Jia led the firm’s team in the transaction. AZB & Partners has advised Prescinto Technologies on the acquisition of Prescinto Technologies by International Business Machines (IBM) and its affiliates. Partners Anil Kasturi and Ashish Pareek led the firm’s...

Allen & Gledhill has advised the Housing and Development Board on the issue of S$500 million (US$382m) fixed rate notes due 2034, under its S$32 billion (US$24.43b) multicurrency medium term note programme. Partners Margaret Chin and Sunit Chhabra led the firm’s team in the transaction. AZB & Partners is advising Mankind Pharma on its Rs136.2 billion (US$1.62b) acquisition of Bharat Serums and Vaccines from Advent International. The deal was approved by the CCI on October 1, 2024. Partner Bharat Budholia is leading the firm’s team in the transaction, which was signed on July 25, 2024 and is yet to be completed. AZB & Partners is also advising an affiliate of TA Associates Management on its acquisition from Insight Partners of stake in CB Super Holdco USA (Community Brands) and its Indian subsidiary, Community Brands Software Development Solutions India. Partners Darshika Kothari and Vasudha Asher are leading the firm’s team in the transaction, which was signed on May 20, 2024 and is yet to be completed. A&O Shearman has advised the joint lead managers on the dual-tranche Reg S offering of €2 billion (US$2.18b) sovereign bonds by the Ministry of Finance of China. The issuance comprises two tranches, including €1.25 billion (US$1.36b) 2.50 percent three-year bonds and €750 million (US$817.43m) 2.625 percent seven-year bonds. After its last issuance in 2021, this issuance sees China’s return to the euro bond market, this time setting a new pricing benchmark for Chinese corporate offshore bond issuances. Partner Agnes Tsang led the firm’s team in the transaction. Carey Olsen has advised Gate Ventures Capital, the venture capital arm of global cryptocurrency exchange Gate.io, on the establishment...