Allen & Gledhill has advised DBS Bank and United Overseas Bank, as green loan coordinators and lenders, on the S$680 million (US$522m) term and revolving loan facilities to Holly Development (sponsored by CapitaLand Development, UOL Group, Singapore Land Group and Kheng Leong Company. The facilities are aligned with the Green Loan Principles, and will be used to finance the acquisition and development of a residential project at Holland Drive. Partners Lim Wei Ting and Ernest Teo led the firm’s team in the transaction. Allen & Gledhill has also advised venture capital firm Wavemaker Pacific 5 on leading the US$1.5 million series seed round investment in Tour Amigo, a Singapore-headquartered travel technology start-up focused on providing a full enterprise resource planning (ERP) system and booking, reservation and channel management software to travel businesses, including travel operators and destination management companies. Partner Nicholas Soh led the firm’s team in the transaction. Moreover, Allen & Gledhill has advised Tangram Asia Capital, the corporate venture capital firm established by NTUC Enterprise, and NTUC Health Co-operative on NTUC Health’s divestment of its dental business Denticare to Tangram Asia, and the subsequent merger of Denticare with Royce Dental Group. The merged entity will be one of the leading dental care groups in Singapore, comprising over 45 clinics with more than 160 professional dentists and specialists, providing patients with greater access to quality dental care and better coordination between general and specialist services to meet their needs. Partners Julian Ho, Eugene Ho, Lim Pek Bur, Koh En Ying and Tan Kai Liang led the firm’s team in the transaction. AZB & Partners is advising RTX Corporation...

    Allen & Gledhill has advised Certis & Lendlease Property Trust (CLPT) on its procurement of an operator to design, build, own and operate an integrated chilled water plant system, which will be implemented at the new Paya Lebar Green development, as part of major redevelopment works to be carried out on the site. The project demonstrates CLPT’s commitment to contribute to the “80-80-80 in 2030” key targets set by the Singapore Government under the Singapore Green Building Masterplan. Partners Yeo Boon Kiat and Sathiaseelan Jagateesan led the firm’s team in the transaction. Allen & Gledhill has also advised CapitaLand Development on the implementation of Cooling-as-a-Service (CAAS) arrangements for Raffles City Singapore provided by Keppel DHCS. The provision of CAAS at Raffles City Singapore is expected to reduce carbon emissions by at least 118,680 tonnes over a 15-year period. Partners Yeo Boon Kiat and Tan Wee Meng led the firm’s team in the transaction. Moreover, Allen & Gledhill has advised Wavemaker Pacific 4, a venture capital firm, on leading the Series A round of investment in Digital Property Hub, the Singapore-based holding company of Fit Hub, an Indonesia-based fitness platform start-up which operates over 80 tech-enabled premium and affordable gyms across Indonesia. Partner Nicholas Soh led the firm’s team in the transaction. AZB & Partners has advised Accenture on its acquisition of Logic Global and its subsidiaries, including its Indian subsidiary Logic Information Systems (India). Partners Vaidhyanadhan Iyer, Malaveeka Chakravarthy and Nishanth Ravindran led the firm’s team in the transaction, which was completed on August 13, 2024. AZB & Partners has advised Accenture on its acquisition of Cientra, including its Indian...

Allen & Gledhill has advised Novo Tellus Capital Partners on leading, along with 65 Equity Partners Holdings, the S$344 million (US$261m) acquisition of TD Connex, a division of Tongda Group Holdings. The cross-border acquisition involved the spin-off of various Chinese, Singaporean and Indian entities, and comprised two parallel transactions involving business transfers of various entities held by the Tongda Group and, concurrently, the 100 percent acquisition of the shares of TT Connex Holding, Tongda Precision Technology (Singapore) and Tongda (Xiamen) Elastomers. Partners Christopher Ong, Lim Wei Ting, Yeo Boon Kiat, Eugene Ho, Lim Xiu Hui, Shalene Jin, Elsa Chen, Lee Bik Wei and Sunit Chhabra led the firm’s team in the transaction. Allen & Gledhill has also advised venture capital firm Granite Asia on leading the US$3.3 million pre-Series A financing of Beep Technologies, a Singapore-based Internet of Things startup. Beep’s solutions include the Voltality platform, which connects electric vehicle drivers with charging points from different operators through a single account. The funding secured will aid Beep to expand its Voltality platform in South-east Asia, starting with Thailand and Malaysia. Partner Julian Ho led the firm’s team in the transaction. AZB & Partners is advising Welspun on the Rs850 million (US$10m) acquisition by its subsidiary, Sintex-BAPL, of Weetek. Partners Darshika Kothari and Kunal Kumbhat are leading the firm’s team in the transaction, which was signed on August 7, 2024 and is yet to be completed. AZB & Partners has advised Inflexion Private Equity Partners, through Addleshaw Goddard, on its acquisition of a significant stake in UP Global and its Indian subsidiary, Ultimate Performance India. Partners Darshika Kothari and Kunal Kumbhat...

Allen & Gledhill has advised Astrea 8 on the issue of S$520 million (US$392m) Class A-1 secured fixed rate bonds due 2039 and US$200 million Class A-2 secured fixed rate bonds due 2039. The bonds are the fifth issuance of retail bonds in Singapore backed by cash flows from private equity funds. Partners Yeo Wico, Jeanne Ong, Andrew Chan and Lim Pek Bur led the firm’s team in the transaction. Allen & Gledhill has also advised Keppel Infrastructure Fund Management, as trustee-manager of Keppel Infrastructure Trust, on the S$612.5 million (US$461.4m) sustainability-linked term loan facility obtained by Keppel Merlimau Cogen, a subsidiary of Keppel Infrastructure Trust. Partner Ong Kangxin led the firm’s team in the transaction. AZB & Partners has advised Goldman Sachs & Co on its Rs10 billion (US$119m) sale of equity stake in Manash Lifestyle (doing business as Purplle) to Abu Dhabi Investment Authority. Partners Nandish Vyas and Sneha Nagvekar led the firm’s team in the transaction, which was completed on June 27, 2024. AZB & Partners is also advising Mankind Pharma on its Rs136.2 billion (US$1.62b) acquisition of Bharat Serums from Advent International. Partners Zia Mody, Vaidhyanadhan Iyer, Sneha Nagvekar, Nikunj Maheshwari and Bharat Budholia are leading the firm’s team in the transaction, which was signed on July 25, 2024 and is yet to be completed. Moreover, AZB & Partners has advised Hero Enterprise Partner Ventures on its Rs3.9 billion (US$46.5m) acquisition, along with other acquirers, of significant stake in Sabine Hospital & Research Centre. Partners Anil Kasturi and Ashish Pareek led the firm’s team in the transaction, which was completed on July 4, 2024. Christopher...

AZB & Partners is advising Accenture Holding & Co KG on its acquisition of Camelot Management Consultants, including its Indian entity Camelot ITLab (Camelot India). Partners Vaidhyanadhan Iyer and Vasudha Asher are leading the firm’s team in the transaction, which was signed on July 22, 2024 and is yet to be completed. AZB & Partners is also advising on the sale by the seller of its entire shareholding in 200 MW to 300 MW of wind and solar power assets to Hexa Climate Solutions, a platform backed by I Squared Capital. Partners Anuja Tiwari and Mallika Anand are leading the firm’s team in the transaction, which was signed on June 24, 2024 and is yet to be completed. Moreover, AZB & Partners has advised Evolvence India Fund IV on its Rs2.5 billion (US$30m) acquisition of stake, along with Valuequest Investment Advisors and Steadview Capital Mauritius, in Unimech Aerospace and Manufacturing. Partners Aarthi Sivanandh and Bhavana Alexander led the firm’s team in the transaction, which was completed on July 19, 2024. Allen & Gledhill has advised the Housing and Development Board (HDB) on the issue of S$965 million (US$721m) fixed rate green notes due 2026 under its S$32 billion (US$24b) multicurrency medium term note programme. The issue is 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 HDB. Partners Margaret Chin and Sunit Chhabra led the firm’s team in the transaction. AZB & Partners is advising Accenture Holding &...