Allen & Gledhill has advised Frasers Property North Gem Trustee, as trustee-manager of North Gem Trust, on the S$660 million (US$515m) term and revolving credit facilities granted by Oversea-Chinese Banking Corporation, DBS Bank, United Overseas Bank and Bank of China Singapore Branch. The facilities are aligned with the Green Loan Principles, and will be used to refinance existing borrowings relating to the South Wing of Northpoint City, a suburban shopping mall in the North Region of Singapore. Partner Lim Wei Ting led the firm’s team in the transaction.
Allen & Gledhill (Vietnam) has also advised OCI TerraSus, a subsidiary of OCI Holdings, via its Singapore-based special purpose vehicle OCI ONE, on the acquisition of a 65 percent controlling stake in a 2.7 GW solar wafer plant under construction in Vietnam. Partners Tran Ngoc Hoang Phuong and Oh Hsiu-Hau, Scott Clements (Singapore) and Han Junwei (Singapore), and partners Desmond Liew and Florence Yong from Rahmat Lim & Partners led their respective firms’ teams in the transaction.
AZB & Partners is advising Tata Motors (formerly known as TML Commercial Vehicles), TMF Holdings and TMF Business Services on the merger of TMF Holdings and TMF Business Services into Tata Motors. The Scheme of Arrangement was approved by the Board of Directors on January 29, 2026. Partners Vaidhyanadhan Iyer, Himanshoo Tembe, Gautam Ganjawala and Karthik Mudaliar are leading the firm’s team in the transaction, which is yet to be completed.
AZB & Partners has also advised Axis Capital and HSBC Securities and Capital Markets (India), as the brokers, on the Rs5.4 billion (US$59m) sale by National Investment and Infrastructure Fund II of 49 percent stake in Ather Energy. Partners Varoon Chandra, Lionel D’Almeida and Sweta Ananthanarayanan led the firm’s team in the transaction, which was completed on February 11, 2026.
Moreover, AZB & Partners is advising Wingify Software and its wholly-owned subsidiary in France, EverSaaS (Wingify France), on the merger of Wingify Software and AB Tasty. Partners Anil Kasturi and Anisha Shridhar are leading the firm’s team in the transaction, which was signed on January 30, 2026 and is yet to be completed.
Baker McKenzie is advising Tokyo-listed Genki Global Dining Concepts Corporation (GGDC) on its acquisition of Food Odyssey, operator of Australian sushi chain Sushi Sushi. This acquisition represents a key step in GGDC’s international growth strategy. Through Sushi Sushi, the company will secure a strong market position, with approximately 180 restaurants operating across Australia. Sushi Sushi has also recently expanded into New Zealand and Saudi Arabia. The brand has achieved stable growth by securing locations in high traffic areas, such as shopping centers, tailoring product offerings to local consumer preferences, maintaining a strong commitment to high quality ingredients, and implementing efficient store operations. Tokyo corporate/M&A partner Byron Frost, supported by partners Richard Lustig (Melbourne) and Tetsuo Tsujimoto (Tokyo), led the firm’s team in the transaction.
JSA Advocates & Solicitors has advised PPAP Automotive on the sale of its 50 percent stake in its joint venture, PPAP Tokai India Rubber, to its joint venture partner, Tokai Kogyo. Partners Sidharrth Shanka, Sidharth Sethi, Prakriti Jaiswal and Shreya Sircar led the firm’s team in the transaction, which marks the exit of PPAP Automotive from the joint venture.
JSA Advocates & Solicitors has also advised MKU on the sale of its entire share capital in EIS Electronics to its joint venture partner, EIS International. MKU is a global manufacturer of defence and homeland security solutions, specialising in ballistic body armour, platform armouring for vehicles and aircraft, and electro-optic night vision devices. Previously a joint venture between MKU and EIS International, EIS Electronics primarily manufactures cable harnesses and related assemblies. Partner Upendra Nath Sharma led the firm’s team in the transaction.
Maples and Calder has acted as Cayman Islands counsel for Global Funds Trust, a member of the Nomura Group, on the launch of Nomura Fund Select-Apollo Multi Alternative Strategies Fund, which launched on December 22, 2025. Structured as a Cayman Islands unit trust, and authorised for public offering in Japan, the fund will be distributed in Japan by Nomura Securities, with Nomura Asset Management acting as the fund’s investment adviser. The fund’s investment objective is to provide returns from capital invested in private equity, private credit, infrastructure, real estate and/or other investments, while reducing investment risks, through diversification across countries, sectors and investment styles. The fund will seek to achieve its investment objective by investing substantially all of its assets in Apollo Aligned Alternatives (E-1), an open-ended investment compartment of Apollo Private Markets SICAV. Singapore funds and investment management partner Nick Harrold led the firm’s team in the transaction.
Maples and Calder has also acted as Cayman Islands counsel for Glenwood Private Equity on the formation of Glenwood Private Equity Fund III, with total commitments of approximately US$1.1 billion. A leading independent investment firm headquartered in Seoul, Glenwood primarily focuses on buyout opportunities in Korea with US$3.9 billion cumulative assets under management. Hong Kong funds and investment management partner Sharon Yap, supported by fiduciary services global head Charlie Sparrow, led the firm’s team in the transaction.
Moreover, Maples and Calder has acted as Cayman Islands counsel for ORIX Corporation on the launch of a US$2.5 billion Japan-targeted private equity fund, in partnership with Qatar Investment Authority. This is the first time that ORIX has launched a fund that welcomes capital from an international third-party investor for domestic private equity investment in Japan. The fund will invest in Japanese companies with an enterprise value of at least ¥30 billion (US$190m) per investment. Hong Kong funds and investment management partners Sharon Yap and Aidan O’Regan, supported by Asia regional heads Eastern Fong (fund services) and Charlie Sparrow (fiduciary services), led the firm’s team in the transaction.
Shardul Amarchand Mangaldas & Co has advised a consortium of lenders led by Standard Chartered Bank on the provision of Rs26.23 billion (US$284m) senior secured project financing to Rajgarh Neemuch Power Transmission for the development of a dedicated renewable energy transmission project in Madhya Pradesh. The lending consortium comprised Standard Chartered Bank (as lead arranger), YES Bank, ICICI Bank, Union Bank of India, and Punjab National Bank. Partner Anurag Dwivedi led the firm’s team in the transaction.
Shardul Amarchand Mangaldas & Co has also advised a consortium of lenders led by Axis Bank on the provision of senior secured financing of up to US$1 billion to Jindal Energy (Botswana), a step-down subsidiary of Jindal Power, for the development of a power project in Botswana. Phase 1 of the transaction involved the execution of financing documents aggregating to US$507.5 million, with the lending consortium comprising of Axis Bank (as lead lender), ICICI Bank, IDFC First Bank, RBL Bank, YES Bank, Export-Import Bank of India, and IndusInd Bank. The financing will support the construction, development and commissioning of a greenfield power project in Botswana. Partner Anurag Dwivedi, supported by partners Saurav Panda and Anoop Rawat (insolvency and restructuring national head), also led the firm’s team in the transaction, which represents one of the largest overseas US$ lending transactions undertaken by Indian banks in recent times, and underscores the growing role of Indian financial institutions in supporting cross-border infrastructure and energy projects across emerging markets.
Moreover, Shardul Amarchand Mangaldas & Co has advised Tata Capital on the Rs3 billion (US$32.5m) framework rupee facilities financing for multiple renewable energy projects to be implemented by Hexa Climate Solutions via identified special purpose vehicles. The transaction involved a secured framework financing structure comprising a combined commitment of Rs3 billion (US$32.5m), available on an interchangeable basis between a rupee term loan facility and a letter of comfort facility, to part-finance multiple identified renewable energy projects undertaken by Hexa Climate Solutions, which is promoted by Hexa Renewables India Investments, a part of the I Squared Capital group. The financing provides a flexible, portfolio-style funding platform for the deployment of capital across multiple renewable assets, supporting scalable project execution and efficient capital allocation across Hexa’s renewable energy pipeline. Partner Anurag Dwivedi also led the firm’s team in the transaction.
WongPartnership has acted for United Overseas Bank on its issue of S$850 million (US$663m) aggregate principal amount of 3.00 percent perpetual capital securities first callable in 2033, under its US$30 million Global Medium Term Note Programme. This is the first Additional Tier 1 issue by a Singapore bank since 2024. Partner Alvin Chua led the firm’s team in the transaction.
WongPartnership has also acted for United Overseas Bank on its issue of A$750 million (US$524m) aggregate principal amount of senior unsecured floating rate notes due 2031, and A$1.25 billion (US$874m) aggregate principal amount of senior unsecured fixed rate notes due 2031, in each case, through its Sydney branch, under UOB’s US$30 billion Global Medium Term Note Programme. Partner Alvin Chua also led the firm’s team in the transaction.
