Allen & Gledhill has acted as transaction counsel to Wavemaker Pacific 4 on leading the US$3 million series seed round investment in Singapore-headquartered customer data platform Meiro, which helps brands use customer data to significantly improve customer experience and marketing campaign performance, empowering brands to gain a holistic understanding of customer preferences and behaviours across various touchpoints and ultimately maximizing customer satisfaction and business profitability. Partner Nicholas Soh led the firm’s team in the transaction. Allen & Gledhill has also acted as transaction counsel to ARA Trust Management (Suntec), as manager of Suntec Real Estate Investment Trust (Suntec REIT), on the S$950 million (US$707m) sustainability-linked term loan facility to HSBC Institutional Trust Services (Singapore), as trustee of Suntec REIT. Partner Jafe Ng led the firm’s team in the transaction. Moreover, Allen & Gledhill has also advised Temasek Financial (I) and Temasek Holdings on the issue of Rmb750 million (US$104m) 3.2 percent guaranteed notes due 2029, under the US$25 billion guaranteed global medium term note programme established by Temasek Financial (I). The notes are unconditionally and irrevocably guaranteed by Temasek Holdings and is its inaugural issuance of offshore renminbi- denominated bonds. Partners Yeo Wico, Wu Zhaoqi, Kern Wong and Sunit Chhabra led the firm’s team in the transaction. AZB & Partners has advised Aegon India Holding on the acquisition by Bandhan Financial Holdings of 95.8 percent equity stake of Aegon Life Insurance from Aegon India Holding and Bennett Coleman & Company. Partners Darshika Kothari, Nandish Vyas, Kritika Agarwal, Nandan Pendsey, Nishanth Ravindran, Gaurav Bansal and Aditya Singh Chandel led the firm’s team in the transaction, which was completed on February...

AZB & Partners has advised Client Rosehill, CVCIGP II Employee Rosehill, Global Impact Funds, SCA, SICAR, sub-fund Global Financial Inclusion Fund, Growth Partnership II Ajay Tandon Co-Investment Trust, Growth Partnership II Siva Shankar Co-Investment Trust and Hero Enterprise Partner Ventures, as the selling shareholders, on Jana Small Finance Bank’s IPO comprising a fresh issue of equity shares aggregating up to Rs4.62 billion (US$55.7m) and an offer for sale aggregating up to Rs1.1 billion (US$13.3m) by the selling shareholders. The equity shares listed on February 14, 2024. Partners Varoon Chandra and Lionel D’Almeida led the firm’s team in the transaction. AZB & Partners is also advising OCP, a member of the promoter/promoter group of Paradeep Phosphates, on its Rs16.43b (US$198m) acquisition of Mangalore Chemicals and Fertilizers. Partner Vaidhyanadhan Iyer is leading the firm’s team in the transaction, which was signed on February 7, 2024 and is yet to be completed. Moreover, AZB & Partners has advised FIH Mauritius Investments on its sale of shares of the National Stock Exchange of India to 360 One. Partners Darshika Kothari and Kritika Agarwal led the firm’s team in the transaction, which was completed on January 29, 2024. Baker McKenzie has advised Nexif Ratch Energy SE Asia, a joint venture company owned by Nexif Energy of Singapore and Ratch Group of Thailand, on the acquisition of 100 percent of the shares in Minh Luong Energy Development, together with its 30 MW Minh Luong hydropower project located in Van Ban district, Lao Cai province, Vietnam. This Minh Luong Project has been in commercial operation since April 2018, and has played an important role in ensuring the electricity...

AZB & Partners has advised Lone Star Global Acquisitions on Rajiv Rattan’s Rs6.1 billion (US$73.5m) acquisition of equity stake in RattanIndia Finance from Lone Star Global Acquisitions. Partners Ajay Bahl, Anil Kasturi, Vijayendra Pratap Singh, Abhinav Ashwin, Abhimanyu Chopra, Anisha Shridhar, Aditya Jalan and Dhiraj Kumar Totala led the firm’s team in the transaction, which was completed on February 1, 2024. AZB & Partners has also advised TPG Capital-TPG SG Magazine (TPG Asia VIII) and Phoenix Bear Investments (CalPers) on their acquisition of equity stake in Manipal Health Enterprises from Kabru Investments (Temasek). Partners Vaidhyanadhan Iyer, Bhuvana Veeraragavan and Bharat Budholia led the firm’s team in the transaction which was completed on January 8, 2024. Moreover, AZB & Partners is advising Nordic Capital on the acquisition by its portfolio entity, Sepia Holdco, of Zafin Labs Americas and its Indian subsidiary, Zafin Software Centre of Excellence, from multiple sellers, including Al Karim Somji and 1464086 BC. Partners Ashwath Rau and John Raghav are leading the firm’s team in the transaction, which was signed on February 8, 2024 and is yet to be completed. Baker McKenzie has advised Weave Living, Asia Pacific’s preeminent living sector specialist, on its joint venture with a fund managed by BlackRock, the world’s largest asset manager, to acquire Citadines Mount Sophia, a serviced apartment residence at 8 Wilkie Road in Singapore. The newly acquired property, which marks Weave’s second in Singapore and 22nd location in Asia Pacific, will undergo an extensive year-long renovation, and will reopen under the company’s contemporary serviced accommodation brand, Weave Suites, in early 2025. The JV partners anticipate a significant increase in yield and eventual capital value of the property through Weave Living’s active operations and asset enhancement capabilities. Partner Jason Ng led...

AZB & Partners is advising Bharti Hexacom and Telecommunications Consultants India on the IPO, via an offer for sale, of up to 100 million equity shares by Telecommunications Consultants India. The draft red herring prospectus was filed with the SEBI on January 19, 2024. Partners Varoon Chandra and Agnik Bhattacharyya are leading the firm’s team in the transaction, which is yet to be completed. AZB & Partners is also advising Internet Fund V, a fund managed by Tiger Global Management, on the Rs4.14 billion (US$50m) acquisition by the Oaks Group, consisting of Oaks Consumer Fund-I, Oaks Asset Management and V’ocean Investments, and Tanjung Buai Ventures (Khazanah) of more than 10 percent equity stake 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 January 12, 2024 and is yet to be completed. Moreover, AZB & Partners has advised Genesys Cloud Services Holdings III on its acquisition of Radarr Technologies, including Radarr Technologies India. Partners Darshika Kothari and Vasudha Asher led the firm’s team in the transaction, which was signed on January 21, 2024 and completed on January 22, 2024. Baker McKenzie Wong & Leow, the Singapore member firm of Baker McKenzie, has represented TA Associates, a leading global private equity firm, on the sale of InCorp Global. Headquartered in Singapore, InCorp is a leading provider of corporate solutions and business advisory in Asia Pacific with operating presence across Singapore, Indonesia, Malaysia, Vietnam, the Philippines, Australia, India and Hong Kong. Singapore M&A principals Theodore Heng and Andrew Martin, supported by Baker McKenzie’s multidisciplinary experts across Australia,...

AZB & Partners has advised Nuvama Wealth Management (formerly known as Edelweiss Securities) and DAM Capital Advisors, as the book-running lead managers, on the qualified institutions placement of Sterling and Wilson Renewable Energy’s equity shares with face value of Rs1 (US$0.012) each for Rs15 billion (US$181m). Partners Varoon Chandra and Lionel D’Almeida led the firm’s team in the transaction, which was completed on December 14, 2023. Allen & Gledhill has acted as transaction counsel to DBS Bank, United Overseas Bank, Oversea-Chinese Banking Corporation and Sumitomo Mitsui Banking Corporation Singapore Branch on the S$970 million (US$721m) term and revolving loan facilities to Jewel Changi Airport Trustee, the trustee-manager of Jewel Changi Airport Trust. The facilities will be used to refinance the development of Jewel Changi Airport. Partner Lim Wei Ting led the firm’s team in the transaction. Allen & Gledhill has also advised DCW and DCKC on the S$535 million (US$397m) green loan facilities granted by DBS Bank, Oversea-Chinese Banking Corporation, United Overseas Bank and Standard Chartered Bank (Singapore) to DCW and DCKC. The loan facilities were intended to refinance borrowings and support the operations of two of Singtel’s data centres, DC West and DC Kim Chuan. Partner Ong Kangxin led the firm’s team in the transaction, which is the first green loan obtained by Singtel. Moreover, Allen & Gledhill has acted as transaction counsel to Square Peg and Novo Holdings on jointly leading the US$40.8 million series C1 extension all-equity funding round in Doctor Anywhere, a Singapore-headquartered regional tech-led healthcare company. With a strong network of established healthcare providers and experienced doctors, the Doctor Anywhere mobile app empowers users to...