Allen & Gledhill has advised Oversea-Chinese Banking Corporation on the issue of US$500 million 4.517 percent subordinated notes due 2036, under its US$30 billion global medium term note programme. Partner Glenn David Foo led the firm’s team in the transaction.
Allen & Gledhill has also advised Mapletree Industrial Trust Management, as manager of Mapletree Industrial Trust, on the issue of S$300 million (US$236m) 3.25 percent subordinated perpetual securities, under the S$2 billion (US$1.57b) euro medium term securities programme established by DBS Trustee, as trustee of Mapletree Industrial Trust. Partner Glenn David Foo also led the firm’s team in the transaction.
Moreover, Allen & Gledhill has advised Aonic Holdings on its Series A financing round, which raised US$5 million from Kairous Capital. Aonic holds a drone-technology start-up business in Malaysia that designs and manufactures autonomous platforms for industrial inspection, logistics and public-safety applications. Partner Nicholas Soh led the firm’s team in the transaction.
AZB & Partners has advised Quinag Bidco (Apax), TPG Fett Holdings and Satya Kumari Remala and Rao Venkateswara Remala, as the sellers, on the IPO by Fractal Analytics of approximately 31.6 million equity shares with face value of Rs1.00 (US$0.0109) each, aggregating to Rs28.34 billion (US$308m), comprising of a fresh issue of approximately 11.44 million equity shares aggregating up to Rs10.23 billion (US$111.3m) and an offer for sale of approximately 20.12 million equity shares aggregating up to Rs18.1 billion (US$197m). Partners Varoon Chandra, Lionel D’Almeida, Ashwath Rau, Divya Mundra, Vaidhyanadhan Iyer and Jeet Chaudhuri led the firm’s team in the transaction, which was completed on February 16, 2026.
AZB & Partners has also advised Vertex Venture Holdings on its Rs1.5 billion (US$16.3m) acquisition of stake, along with other acquirers, in Creatormon. Partners Hardeep Sachdeva, Ravi Bhasin and Gursimran Kohli led the firm’s team in the transaction, which was completed on February 24, 2026.
Moreover, AZB & Partners has advised CapitaLand Investment on its Rs7 billion (US$76m) acquisition of stake in CapitaLand India Trust’s three data centers. Partners Zia Mody, Anand Shah and Shriram Shah led the firm’s team in the transaction, which was completed on February 27, 2026.
Clifford Chance is advising an investment manager on the sale of its stake in Raksul, a Tokyo-listed digital printing and marketing services company, through a public tender offer and a management buyout transaction backed by a fund established by Goldman Sachs. Tokyo-listed Raksul operates online platforms connecting customers with printing, advertising and logistics providers in Japan, helping to improve efficiency across traditionally analogue industries. Its businesses span online printing and marketing services, television advertising through its Novasell platform, logistics solutions and corporate IT services. Partner Michihiro Nishi led the firm’s team in the transaction.
Clifford Chance has also advised ICG, via its Asia-Pacific Infrastructure strategy, on its acquisition of a majority stake in Ray8 Energy, a Japan-based developer and owner of grid-scale battery energy storage systems (BESS) projects. The investment marks ICG’s entry in Japan’s BESS market, and expands its renewable energy investment in the country beyond solar. Ray8 is a Tokyo-based platform focused on the development, ownership and long-term operation of grid-scale BESS projects across Japan. Ray8 Energy aims to invest approximately ¥50 billion (US$317m) to develop and own more than 1,000 MW of installed BESS capacity over the next five years. Partner Natsuko Sugihara, supported by partner Yusuke Abe, led the firm’s team in the transaction.
Paul Hastings (Hong Kong) has advised MeiG Smart Technology on its HK$1.16 billion (US$148m) global offering and listing in Hong Kong. The firm also assisted MeiG Smart in drafting the prospectus for its global offering and listing. A leading provider of wireless communication modules and solutions with a focus on smart modules, particularly high-computing-power smart modules, MeiG Smart is currently listed in Shenzhen. Founding partner and Greater China chair Raymond Li and corporate partner Steven Hsu, supported by regulatory affairs director Wendy Hung, led the firm’s team in the transaction.
Rajah & Tann Singapore is acting for Sauw Tjiauw Koe on a high-value family property trust dispute concerning the beneficial ownership of a complex 26-property portfolio in Singapore. Partners Adrian Wong and Ang Leong Hao from the Dispute Resolution practice are leading the matter.
Rajah & Tann Singapore has also advised Wee Hur Property, a wholly-owned subsidiary of Singapore-listed Wee Hur Holdings, on its joint venture with WA Education Service, a wholly-owned subsidiary of the BE Education group, to develop and operate the international school known as Wycombe Abbey School (Singapore). Located in Buckinghamshire, Wycombe Abbey is a leading British girls’ private boarding school. Partner Favian Tan (M&A), supported by TMT partners Benjamin Cheong and Glen Chiang on the intellectual property aspects, led the firm’s team in the transaction.
Moreover, Rajah & Tann Singapore is advising Low Keng Huat (Singapore) (LKHS), a diversified real estate investment holding company incorporated and listed in Singapore, on the voluntary general offer by Consistent Record for all the issued ordinary shares in the capital of LKHS, other than those already owned, controlled or agreed to be acquired by Consistent Record. The revised offer values LKHS at approximately S$576 million (US$453m), based on the final revised offer price of S$0.78 (US$0.61) in cash per share. M&A partners Sandy Foo and Goh Jun Yi are leading the firm’s team in the transaction.
Shardul Amarchand Mangaldas & Co has advised JSW Energy, an India-incorporated and listed company, on its approximately Rs30 billion (US$326.3m) fund raise, via preferential allotment of equity shares and convertible warrants. The fund raise comprises of the issuance to JTPM Metal Traders of approximately 9.5 million equity shares aggregating to Rs5 billion (US$54.4m) and approximately 47.6 million warrants aggregating to Rs25 billion (US$272m). Each warrant carries the right to subscribe to one equity share of the company within a period of 18 months from the date of allotment. Partners Ambarish and Manjari Tyagi led the firm’s team in the transaction.
Shardul Amarchand Mangaldas & Co has also advised Brookfield Promoter Selling Shareholder, Augment Infrastructure, Steadview Capital and Bain Capital on the IPO of equity shares by Clean Max Enviro Energy Solutions and certain related pre-IPO transactions. A provider of renewable energy to commercial and industrial customers with 15 years of experience since its inception in 2010, Clean Max specializes in delivering decarbonization solutions, including supplying renewable power and offering energy services and carbon credit solutions to customers. Partners Nikhil Naredi, Krupa Brahmbhatt, Jay Gandhi, Abhishek Parekh, Manjari Tyagi, Abhiroop Amitava Datta, VR Neelakantan, Samridha Neupane, Harshita Srivastava, Gunjan Shah, Nirmal Mahtani, Rohan Arora, Radhika Seth, Sayantan Dutta and Prashant Sirohi led the firm’s team in the transaction.
Moreover, Shardul Amarchand Mangaldas & Co has advised E2E Networks on its Qualified Institutions Placement aggregating to Rs1.07 billion (US$11.6m). The QIP was undertaken to raise capital from qualified institutional buyers, and the proceeds are proposed to be utilised towards funding the company’s capital expenditure for procurement of cloud compute infrastructure, including cloud GPUs, traditional compute infrastructure and other related IT equipment, as well as for general corporate purposes. Partner Sayantan Dutta led the firm’s team in the transaction.
Trilegal has advised Axis Capital, BofA Securities India, IIFL Capital Services and Kotak Mahindra Capital, as the book-running lead managers, on Moneyview’s proposed IPO, comprising of a fresh issue of equity shares aggregating up to Rs15 billion (US$163m) and an offer for sale of up to 136.1 million equity shares by existing shareholders. Moneyview is a consumer-focused, digital only, credit-led financial services platform providing access to a full suite of financial products through a network of financial partners on Moneyview’s mobile application. Moneyview is the largest full-stack digital lending platform among its unlisted peers in India, as of FY2025. Partners Vinay Sirohia and Jyotsna Jayaram led the firm’s team in the transaction.
TT&A has advised Dabur India on its approximately Rs600 million (US$6.5m) minority investment in RAS Beauty, a new age luxury skincare D2C company. This is the first minority investment through the Dabur Ventures initiative, an investment platform of Dabur. Partners Gautam Saha and Swati Chauhan led the firm’s team in the transaction. RAS Beauty was represented by RegFin Legal.
TT&A has also advised Finnish Fund for Industrial Cooperation on the subscription to compulsorily convertible debentures issued by Transvolt Mobility on a private placement basis, for an aggregate rupee amount equivalent to US$15 million. The deal will help Transvolt Group scale up its EV bus fleet portfolio to up to 3500 EVs in the next five years. Partners Gautam Saha and Nikhil Bahl led the firm’s team in the transaction.
WongPartnership has acted as transaction counsel to Granite Asia Capital on the establishment of Asia’s first artificial intelligence-focused IPO fund managed by Singapore-based Granite Asia Capital, and distributed exclusively to DBS wealth clients. The fund offers investors a rare opportunity to partner with one of Asia’s most experienced technology investors, Granite Asia Capital, at a moment when the IPO market is rebounding, artificial intelligence adoption is accelerating, especially in China, and the Hong Kong Exchange is seeing exceptional performance in core technology sectors. Partner Felicia Marie Ng led the firm’s team in the transaction.
WongPartnership is also acting for Lendlease Group on the sale of 30 percent of PLQ Mall to Lendlease REIT. Lendlease Global Commercial REIT will acquire the remaining 30 percent stake in PLQ Mall at an agreed property value of S$885 million (US$696m) (2.2 percent below valuation), taking full ownership of the asset and increasing its portfolio to S$4.2 billion (US$3.3b) with 90 percent in Singapore. The acquisition will be funded through a S$196.6 million (US$155m) underwritten non-renounceable preferential offering at S$0.558 (US$0.44) per unit. The transaction is expected to increase DPU by 0.2 percent on a standalone basis and 2.1 percent accretive, when combined with the earlier 70 percent acquisition completed in November 2025. Partner Low Kah Keong is leading the firm’s team in the transaction.
