Allen & Gledhill has acted as transaction counsel to the Monetary Authority of Singapore on the re-opening issuance of US$2.8 billion fixed rate bonds due 2072, under the Government of Singapore’s medium term note programme for issuance of Singapore Government Securities (Infrastructure) via syndication. The bonds are Singapore’s sovereign green bonds, and a re-opening issuance of the 50-Year Green SGS (Infrastructure) issued in August 2022. The 50Y Green SGS (Infrastructure) forms part of the pipeline of up to S$35 billion (US$25.7m) of sovereign and public sector green bonds that the government and its statutory boards will issue by 2030. Proceeds from the reopening issuance of 50Y Green SGS (Infrastructure) will also be used to finance expenditures in support of the Singapore Green Plan 2030. Partners Yeo Wico, Jeanne Ong, Sunit Chhabra and Jo Tay led the firm’s team in the transaction. AZB & Partners is advising Schaeffler AG and Schaeffler India on the Rs1.42 billion (US$17m) acquisition by Schaeffler India of KRSV Innovative Auto Solutions (Koovers) from Koovers founders Mr Begur Sheshadri Sandeep, Mr Vinayak Basavaraju Yadathore and Mr Sathianarayanan Premkumar and other Koovers resident and non-resident individual and corporate shareholders. Partners Ashwath Rau, John Raghav and Ramya Suresh are leading the firm’s team in the transaction, which was signed on August 28, 2023 and is yet to be completed. AZB & Partners has also advised TPG Asia VII SF on its Rs6.62 billion (US$80m) sale of equity stake in Five-Star Business Finance. Partners Varoon Chandra and Lionel D’Almeida led the firm’s team in the transaction, which was completed on September 4, 2023. Moreover, AZB & Partners is advising Naspers...

AZB & Partners is advising Qatar Investment Authority on the Rs82.78 billion (US$1b) acquisition by Qatar Holding of equity stake of Reliance Retail Ventures. Partners Ashwath Rau and Atreya Bhattacharya are leading the firm’s team in the transaction, which was signed on August 23, 2023 and is yet to be completed. AZB & Partners has also advised Omega TC Sabre Holdings and Tata Capital Financial Services, as the investor selling shareholders, and shareholder Mahogany Singapore on the IPO by TVS Supply Chain Solutions of equity shares, comprising a fresh issue aggregating up to Rs6 billion (US$72m) and an offer for sale of up to Rs2.8 billion (US$33.7m), by the selling shareholders. Partners Varoon Chandra, Nilanjana Singh and Agnik Bhattacharyya led the firm’s team in the transaction, which was completed on August 23, 2023. Khaitan & Co has advised Shiva Pharmachem on its proposed IPO of equity shares of Rs2 (US$0.024) each, aggregating up to Rs9 billion (US$108m) and an offer for sale of equity shares by Vishal Rakesh Agrawal, Rahul Rakesh Agrawal and Geetganga Investment, the selling shareholders. The company has filed the draft red herring prospectus on August 21, 2023. Partners Aditya Cheriyan and Chirayu Chandani led the firm’s team in the transaction. Khaitan & Co has also advised TVS Supply Chain Solutions and certain individual selling shareholders on the IPO of equity shares of TVS Supply Chain Solutions, comprising of a fresh issue aggregating to Rs6 billion (US$72m) and an offer for sale by the selling shareholders of the company aggregating to Rs2.8 billion (US$33.7m). The book-running lead managers to the offer are JM Financial, Axis Capital,...

Allen & Gledhill has acted as transaction counsel to DBS Bank, Oversea-Chinese Banking Corporation, Sumitomo Mitsui Banking Corporation Singapore Branch and United Overseas Bank on the S$974 million (US$717m) and S$147 million (US$108m) green loan facilities to GuocoLand. GuocoLand’s largest green loan facilities to date, the S$974 million (US$717m) will be used to refinance GuocoLand’s borrowings in connection with the commercial component of Guoco Tower, an integrated mixed-use development in Tanjong Pagar, Singapore. The S$147 million (US$108m) green loan facilities will be used to refinance GuocoLand’s borrowings in connection with Sofitel Singapore City Centre, a five-star luxury hotel in Tanjong Pagar, Singapore. DBS, OCBC, SMBC and UOB were appointed as mandated lead arrangers, while DBS, OCBC and UOB were appointed as green loan advisors. Partner Aloysius Ng led the firm’s team in the transaction. Allen & Gledhill has acted as transaction counsel to Oversea-Chinese Banking Corporation, as the sole lead manager and book-runner, on the issue of S$550 million (US$405m) 4.5 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 acted as transaction counsel to venture capital firm Wavemaker Pacific 3 on leading a convertible note investment in AimBiotech, a biotechnology start-up focused on leading the shift from preclinical animal models to humanised in vitro physiological models for the discovery of new medicines. Partner Nicholas Soh led the firm’s team in the transaction. Allen & Gledhill has acted as transaction counsel to DBS Bank, Oversea-Chinese Banking Corporation, Sumitomo Mitsui Banking Corporation Singapore Branch and United Overseas Bank on the S$974 million (US$717m)...

Allen & Gledhill has acted as transaction counsel to Sembcorp Industries (SI) and Sembcorp Financial Services (SFS) on the establishment of a S$5 billion (US$3.7b) euro medium term note programme, pursuant to which SI and SFS may from time to time issue notes and perpetual securities. Partners Bernie Lee and Sunit Chhabra led the firm’s team in the transaction, which is SI’s first euro medium term note programme. Allen & Gledhill has also acted as transaction counsel to DBS Bank and United Overseas Bank, as the joint lead managers and joint book-runners, on the issue of S$300 million (US$221m) 5.5 percent subordinated perpetual securities by Singapore Technologies Telemedia, under its S$3 billion (US$2.21b) multicurrency debt issuance programme. The firm also advised The Hongkong and Shanghai Banking Corporation Singapore Branch, as dealer, on the issue of S$30 million (US$22.1m) 5.5 percent subordinated perpetual securities under the programme, to be consolidated and form a single series with the original securities. Partners Ong Kangxin and Sunit Chhabra led the firm’s team in the transaction. AZB & Partners is advising Canal+ International and Multimedia Investment Holding on their Rs24.6 billion (US$296m) acquisition of 51 percent equity shares of the capital of Viu International, and indirect acquisition of the two Indian subsidiaries Vuclip India and Vuclip Digital Media. Partner Srinath Dasari is leading the firm’s team in the transaction, which was signed on June 21, 2023 and is yet to be completed. AZB & Partners is also advising Dharma Productions on its acquisition of stake in Sanghvi Beauty & Technologies. Partner Nandish Vyas is leading the firm’s team in the transaction, which was signed on August 7, 2023 and is yet to be...

Goodwin has advised New York-listed Catcha Investment, a publicly traded special purpose acquisition company, on its definitive agreement with Crown LNG Holdings, for a business combination that would result in Crown becoming a US publicly listed company. The combined company, which will have a pro forma implied enterprise value of approximately US$685 million, intends to apply to list its shares in New York. Crown LNG Holdings is a leading provider of offshore LNG liquefaction and regasification terminal technologies for harsh weather locations. Catcha Investment was formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. Catcha is sponsored by Catcha Group, one of the earliest and most established new economy-focused investment groups in Southeast Asia and Australia. Hong Kong private equity partners Daniel Dusek, Douglas Freeman and Victor Chen, Boston partner Jocelyn Arel and New York partner Jeffrey Letalien (capital markets / SPACs) and Boston partner Daniel Karelitz (tax) led the firm’s team in the transaction, which is expected to be completed in the fourth quarter of 2023. JSA has advised the shareholders, including Mr Sanjeev Fadnavis, (as the sellers) and Nitor Infotech, on the acquisition of a 100 percent stake in Nitor by Ascendion Engineering (Ascendion India). A leading software product development company in India, Nitor provides software product development and platform development services to its clients that are independent software vendors, platforms and enterprises. Nitor’s services include UI/UX, architecting, design and development, quality engineering and test automation, data engineering, cloud engineering and DevOps services. Ascendion India is a part of the New Jersey-based Ascnedion group, a leading technology company in the US....