AZB & Partners has advised Cognizant Technology Solutions on its Rs35.85 billion (US$431m) acquisition of Thirdera Holdings and its Indian subsidiary Thirdera India. Partners Ashwath Rau and Atreya Bhattacharya led the firm’s team in the transaction, which was completed in January 2024. AZB & Partners is also advising HarbourVest Partners (Asia) on its Rs4 billion (US$48m) acquisition, together with other investors, of stake in ShareChat. Partners Divya Mundra and Shivanand Nayak are leading the firm’s team in the transaction, which was signed on March 6, 2024 and is yet to be completed. Moreover, AZB & Partners has advised Dev Milk Foods on the acquisition of stake in Dev Milk Foods by new investor Fireside Ventures, existing investor Narotam Sekhsaria Family Office, Pi Ventures and other existing individual investors. Partners Aarthi Sivanandh and Bhavana Alexander led the firm’s team in the transaction, which was completed on January 5, 2024. Baker McKenzie has advised Gaw Capital Partners on its partnership with GDS, a leading developer and operator of high-performance data centers in Asia, to build a 40-MW carrier-neutral data center campus in Fuchu, west Tokyo. Through a fund under its management, Gaw Capital has acquired two adjacent data center sites in Fuchu Intelligent Park, a well-established data center cluster less than 30 kilometers from central Tokyo. Spanning a total land size of 10,969 square meters and with IT capacity expected to reach 40 MW, it will be the largest data center facility in Fuchu City, in terms of IT load. GDS has already garnered preliminary customer demands, and the operation is expected to commence by the end of 2026. Hong Kong partner...

AZB & Partners is advising Decision Point on the Rs3.2 billion (US$38.3m) acquisition by LatentView Analytics of Decision Point. Partners Aarthi Sivanandh and Bhavana Alexander are leading the firm’s team in the transaction, which was signed on March 28, 2024 and is yet to be completed. AZB & Partners has also advised Sterlite Power Transmission on the Rs75 billion (US$898.2m) acquisition of 49 percent stake by GIC Infra Holdings affiliates Stretford End Investment and Anahera Investment in Sterlite Power Transmission. Partners Zia Mody, Ashwath Rau and Atreya Bhattacharya led the firm’s team in the transaction, which was completed on March 26, 2024. Moreover, AZB & Partners has advised Sterlite Power Transmission on the acquisition by SGL 32, a joint venture company set up by Sterlite Power Transmission with GIC Infra Holdings, of Kishtawar Transmission, Nangalbibra Bongaigaon Transmission and Fatehgarh III Beawar Transmission from Sterlite Power Transmission. Partners Ashwath Rau and Atreya Bhattacharya led the firm’s team in the transaction, which was completed on March 28, 2024. Cyril Amarchand Mangaldas has advised Adani Ports and Special Economic Zone (APSEZ) on its acquisition of 95 percent stake, comprising of 56 percent from SP Port Maintenance and 39 percent from Orissa Stevedores, of Gopalpur Ports from the existing shareholders. The investment is in line with APSEZ’s strategy of East Coast to West Coast parity. Partner Surya Sreenivasan, supported by partners Paridhi Adani, Surya Sreenivasan, Ankita Ray, Monark Gahlot and Kirthi Srinivas, led the firm’s team in the transaction, which was signed on March 25, 2024. Davis Polk has advised Lianlian DigiTech on its IPO and listing in Hong Kong and Rule 144A...

Allen & Gledhill has acted as Singapore counsel to Mitsui & Co on the US$360 million acquisition of a 20 percent stake in the world’s largest shrimp farming company, Ecuador-based Industrial Pesquera Santa Priscila (IPSP), through a Singapore holding company owned by IPSP’s founders. Partners Gabriel Lee and Sunit Chhabra led the firm’s team in the transaction. Allen & Gledhill has also advised Daiwa House Asset Management Asia, as manager of Daiwa House Logistics Trust, on the acquisition of 100 percent of capital contribution in a target company owning a cold storage logistics facility with a net lettable area of 18,465 sqm in Tan Duc Industrial Park, Long An Province, Vietnam. The agreed property value for the purpose of this acquisition is Vnd483 billion (US$19.4m). The transaction comprises multiple legal aspects under Singapore and Vietnam jurisdictions, including the property transfer through a share acquisition of a property holding company, the novation/transfer of shareholder loans extended to the target company from the seller to the buyer, capital market regulations and merger filing clearance. Singapore partners Foong Yuen Ping and Victoria Leong and Vietnam managing partner Oh Hsiu-Hau and partner Tran Thi Phuong Thao led the firm’s team in the transaction. Moreover, Allen & Gledhill has advised Penguin Securities Holdings on a series seed financing round led by Daiwa Securities Group, a Japanese investment bank and one of the largest securities brokerages in Japan. A Singapore-headquartered financial services and digital assets startup co-founded by Yuya Kuratomi, Kentaro Kawabe and Sho Setoguchi, Penguin Securities Holdings offers institutional-grade cryptocurrency derivative investment products with innovative structures using cutting edge and the traditional finance. Partner...

Allen & Gledhill has advised the Housing and Development Board (HDB) on the issue of S$700 million (US$521.6m) fixed rates notes due 2031, under its S$32 billion (US$23.8b) multicurrency medium term note programme. Partners Margaret Chin and Sunit Chhabra led the firm’s team in the transaction. Allen & Gledhill has also advised Gateway Partners on leading the US$32 million pre-Series B financing round of UNOAsia, the parent company of Uno Digital Bank in the Philippines. Gateway Partners is an emerging markets manager investing responsibly across the fast-growing markets of Africa, Middle East, South and Southeast Asia. One of six digital bank licence holders in the Philippines, Uno Digital Bank offers savings, transactions, investment products and insurance services to the growing bankable population in the Philippines. Partners Julian Ho and Jonathan Choo led the firm’s team in the transaction. Moreover, Allen & Gledhill has advised Openspace Ventures, a leading Southeast Asian venture capital firm, on its investment in the US$10 million series seed financing round of LXA, a Singapore-headquartered fintech company geared towards matching institutional capital pools and residential mortgage borrowers. LXA is targeting the mortgage ecosystem in Asia, and its platform aims to utilise end-to-end technology to streamline the entire mortgage lifecycle, from loan origination and borrower processing to loan servicing. Partners Julian Ho and Adrian Ang led the firm’s team in the transaction. AZB & Partners has advised Hyatt Hotels and its affiliates, including one of the promoters of Juniper Hotels, and Two Seas Holdings on the IPO via a fresh issuance of 50 million equity shares by Juniper Hotels aggregating to Rs18 billion (US$217m). The prospectus was filed...

Allen & Gledhill has advised Eurofins Food Testing Lux Holding, a wholly-owned subsidiary of Eurofins Assurance Lux Holding SARL, on the acquisition of approximately 1.14 million ordinary shares in The Superintendence and Inspection of Coffee and Products for Export and Import (Cafecontrol), one of leading companies in testing and support service industry in Vietnam. In addition, Eurofins shall enter into an option agreement, in which Eurofins will be entitled to acquire additional shares from the sellers in Cafecontrol. Following completion of the transaction, Eurofins shall hold at least 67 percent and up to 95 percent of total ordinary shares in Cafecontrol. Vietnam partner Tran Ngoc Hoang Phuong led the firm’s team in the transaction. Allen & Gledhill has also advised Phu My 3 Bot Power Company (PM3) on the project transfer process and the post-transfer liquidation process Phu My 3 BOT Thermal Power Plant (PM3 Plant) to the Ministry of Industry and Trade (MOIT) and Vietnam Electricity (EVN). The PM3 Plant, a combined-cycle gas turbine power plant that uses domestic gas sources to operate, was developed by PM3, which was a joint venture among Sembcorp Utilities, Kyuden International and Sojitz. Upon completion of the transfer to the MOIT and EVN, the PM3 Plant is expected to contribute around 4.6 billion kWh to the national electricity system. Vietnam partner Jonathan Lin led the firm’s team in the transaction. AZB & Partners is advising BTS Investments 1 (Bodhi Tree) on the Rs374.2 billion (US$4.5b) acquisition of Star India (Disney Star) by Reliance Industries and Viacom18 Media, a joint venture between Reliance Industries and Bodhi Tree. Partners Ashwath Rau and Kashish Bhatia...