Allen & Gledhill has acted as transaction counsel to the Housing and Development Board on the issue of S$800 million (US$596m) 2.977 percent green notes due 2029, under its S$32 billion (US$24b) multicurrency medium term note programme. The notes are 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 Board’s Green Finance Framework. Partners Margaret Chin and Sunit Chhabra led the firm’s team in the transaction. Allen & Gledhill has also advised Oversea-Chinese Banking Corporation, as the sole lead manager and book-runner, on the issue of S$450 million (US$335.4m) 4.05 percent perpetual capital securities first callable in 2029, under its US$30 billion global medium term note programme. Partner Glenn David Foo led the firm’s team in the transaction. Moreover, Allen & Gledhill has advised STT GDC on the issue of S$450 million (US$335.4m) 5.7 percent sustainability-linked perpetual (SLP) securities, under its US$1.5 billion multicurrency debt issuance programme. Partners Margaret Chin, Delwin Singh and Sunit Chhabra led the firm’s team in the transaction, which is the first public benchmark SLP in Asia, the first Singapore dollar-denominated SLP, and the first public perpetual securities issued by a pure play data centre. Cyril Amarchand Mangaldas has advised JSW Paints on the Rs7.5 billion (US$90m) strategic investment by JSW Steel into JSW Paints. JSW Paints issued equity shares aggregating to 12.84 percent (11.85 percent on a fully diluted basis) of JSW Paints equity share capital to JSW Steel. Corporate partner Gautam Gandotra led the firm’s team in the transaction, which closed...

Allen & Gledhill has acted as transaction counsel to Wavemaker Pacific 4 on leading a US$3.75 million seed round investment in Meatiply, a Singapore-based food research company that develops and produces meat alternatives through cell cultivation. Partner Nicholas Soh led the firm’s team in the transaction. Allen & Gledhill has also acted as transaction counsel to United Overseas Bank, Malayan Banking Singapore Branch, Hong Leong Finance and Bank of China Singapore Branch on the S$932 million (US$695m) conventional loan and Islamic Murabahah facilities to Chuan Park Development. The facilities were used to, among others, partially finance the acquisition via collective sale of the Chuan Park condominium, and the development and construction of a residential development on the site. Partners Aloysius Ng and Lyn Wee led the firm’s team in the transaction. Moreover, Allen & Gledhill has acted as transaction counsel to United Overseas Bank and Shanghai Pudong Development Bank Singapore Branch on the S$580 million (US$433m) term loan facilities to Kingsford Marina Development. The loan facilities were used to, among others, partially finance the acquisition of a 99-year leasehold site at Marina Gardens Lane, and the construction of a condominium development on the property. Partners Aloysius Ng and Lyn Wee also led the firm’s team in the transaction. AZB & Partners is advising BlackRock on its Rs1 trillion (US$12b) acquisition of Global Infrastructure Management (GIM). The acquisition includes Global Infrastructure Partners, GIM’s Indian wholly-owned indirect subsidiary, and the management of two India Infrastructure focused fund, namely Infrastructure Fund and Infrastructure Fund II, and companies held by the funds, which include Hanjer Biotech Energies, Ascend Telecom Infrastructure, ONGC Tripura Power,...

Allen & Gledhill has advised Wavemaker Pacific 4 on leading the US$1.1 million series pre-seed round investment in HR Tech Solutions (GetJobsPH). GetJobsPH is a Singapore-headquartered information technology start-up which provides information technology products and services, including research, software development, production, management and operation of software and hardware technology and other information technology applications. Partner Nicholas Soh led the firm’s team in the transaction. Allen & Gledhill has also advised Natixis Corporate & Investment Banking, AmInvestment Bank and AmBank Islamic, United Overseas Bank, ING Bank Singapore Branch, Affin Bank and CIMB Islamic Bank and CIMB Investment Bank, as the lenders, on the US$500 million conventional loan and Islamic financing facilities to Yinson Production Offshore. Natixis, AmInvestment, Affin, CIMB, ING and UOB were appointed coordinators, mandated lead arrangers and book-runners. The proceeds of the facilities will be used for refinancing certain existing debt and general corporate purposes. A portion of the facilities are specifically designated for green initiatives, in support of Yinson’s continuous efforts in innovating and introducing cutting-edge technologies to reduce emissions and be the frontrunner in decarbonising the FPSO industry towards the goal of net zero. Partner Aloysius Ng led the firm’s team in the transaction. Moreover, Allen & Gledhill has advised Energy Market Authority of Singapore (EMA) on the establishment of a S$2 billion (US$1.5b) multicurrency medium term note programme. Partners Margaret Chin and Sunit Chhabra led the firm’s team in the transaction. AZB & Partners has advised Warburg Pincus and its affiliates, including Warburg Pincus Singapore, on their Rs83.03 billion (US$1b) acquisition in Everise Group. The acquisition includes BCP V Everise Topco, Everise Holdings and its group companies,...

AZB & Partners has advised Kohlberg Kravis Roberts & Co and investment funds, vehicles and/or entities managed and/or advised by it or its affiliates on the Rs5.14 billion (US$62m) acquisition by Ontario Teachers Pension Plan and other minority investors of Highways Infrastructure Trust, an InvIT floated and sponsored by KKR. Partners Ashwath Rau and Atreya Bhattacharya led the firm’s team in the transaction, which was completed on October 13, 2023. AZB & Partners has also advised Great Terrain Investment, an affiliate of Warburg Pincus, on its Rs27 billion (US$324m) sale of equity stake of Computer Age Management Services. Partners Vaidhyanadhan Iyer and Jeet Chaudhuri led the firm’s team in the transaction, which was completed on December 4, 2023. Moreover, AZB & Partners has advised Cloverdell Investment and Dayside Investment on their Rs10 billion (US$120m) sale of equity stake in IDFC First Bank. Partners Vaidhyanadhan Iyer and Jeet Chaudhuri led the firm’s team in the transaction, which was completed on December 7, 2023. Baker McKenzie has advised the sole sponsor and sole overall coordinator and underwriters on the global offering and listing of BaTeLab in Hong Kong. The company’s H shares commenced trading on December 28, 2023. BaTeLab focuses on the design of all major categories of analog IC and mixed-signal IC products and systematic solutions. BaTeLab offers approximately 400 types of diversified industrial-grade analog IC-patterned wafer products across seven sub-categories in the power management category and the signal chain category. China International Capital Corporation Hong Kong Securities acted as the sole sponsor and the sole overall coordinator. China International Capital Corporation Hong Kong Securities, China Galaxy International Securities (Hong Kong), CMB International Capital, GF Securities (Hong Kong) Brokerage and Guotai Junan Securities (Hong Kong) acted as the...

AZB & Partners is advising Crosslay Remedies, a subsidiary of Max Healthcare, on its approximately Rs9.4 billion (US$113m) acquisition of Starlit Medical Centre from Star Landcraft and Ace Infracity Developers. Partners Niladri Maulik and Siddharth Khanna are leading the firm’s team in the transaction, which was signed on December 8, 2023 and is yet to be completed. AZB & Partners is also advising Guidehouse Holding Corporation on the approximately Rs441.73 billion (US$5.3b) acquisition by Bain Capital of Guidehouse Holding Corporation and its Indian subsidiary, Guidehouse India, from Veritas Capital Fund Management. Partners Ashwath Rau and John Adwet Raghav are leading the firm’s team in the transaction, which was signed on November 6, 2023 and is yet to be completed. Moreover, AZB & Partners has advised Warburg Pincus affiliate Sweet Clover Investment on the more than US$50 million acquisition by CEVA Corporate Services of 96 percent of the shareholding of Stellar Value Chain Solutions from Sweet Clover Investment and Mr Anshuman Sing, the promoter of Stellar Value Chain Solutions. Partners Anil Kasturi and Anisha Shridhar led the firm’s team in the transaction, which was completed on November 20, 2023. Clifford Chance has advised leading hygiene and health company Essity on the proposed sale of its controlling stake in Vinda International Holdings. The proposed sale will be implemented via a pre-conditional voluntary cash offer made by Isola Castle, a company indirectly wholly-owned by Asia Pacific Resources International, to acquire 100 percent of the shares in Vinda. The transaction is the largest third party offer for a Hong Kong-listed company announced in 2023 so far, with an offer price which corresponds to...