Allen & Gledhill has advised Frasers Property Aquamarine Trustee, as trustee-manager of Aquamarine Star Trust, on the S$1.08 billion (US$842m) term loan facility from United Overseas Bank, DBS Bank, Industrial and Commercial Bank of China Singapore Branch, Oversea-Chinese Banking Corporation, Bank of China Singapore Branch and Bank of Communications Singapore Branch. The facilities are aligned with the Green Loan Principles, and will be used to refinance existing borrowings relating to Frasers Tower. Partner Lim Wei Ting led the firm’s team in the transaction.
Allen & Gledhill has also advised FC Retail Trustee, as trustee-manager of Sapphire Star Trust, on the S$589 million (US$459m) term and revolving credit facilities from DBS Bank and United Overseas Bank. The facilities are aligned with the Green Loan Principles, and will be used to refinance existing borrowings relating to Waterway Point. Partner Lim Wei Ting also led the firm’s team in the transaction.
Moreover, Allen & Gledhill has advised Oversea-Chinese Banking Corporation on the issue of US$500 million floating rate notes due 2029, under its US$30 billion global medium term note programme. Partner Glenn David Foo led the firm’s team in the transaction.
AZB & Partners is advising Bharti Airtel on its Rs282 billion (US$2.96b) acquisition of stake in Airtel Africa from Indian Continent Investment. Partners Anil Kasturi and Ashish Pareek are leading the firm’s team in the transaction, which was signed on May 13, 2026 and is yet to be completed.
Clifford Chance has advised CICC and CITIC Securities (Hong Kong), as the joint sponsors, and the underwriters on Viewtrix Technology’s IPO and Hong Kong listing, raising approximately HK$1.1 billion (US$140m). Working with leading manufacturers and major global and Chinese handset brands across both premium and mass‑market segments, Viewtrix Technology designs and supplies specialised components that underpin how smartphone screens operate and display content. The company has developed an integrated, end‑to‑end technology platform spanning chip design, image optimisation software and circuit engineering, alongside similar solutions for next‑generation devices, such as augmented and virtual reality. Partners Tim Wang (China practice chair), Jean Thio and Tianning Xiang led the firm’s team in the transaction.
Clifford Chance has also advised the Government of the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR Government), as issuer, on its latest multi-currency issuance of approximately HK$27.6 billion (US$3.5b) equivalent of green bonds and infrastructure bonds under the Government Sustainable Bond Programme and the Infrastructure Bond Programme. The offering, which is listed in Hong Kong and London, comprised five institutional tranches denominated in Hong Kong dollars, Renminbi, US dollars and euro, as follows: 1) HK$3 billion (US$383m) 30-year infrastructure tranche; 2) Rmb6 billion (US$887m) 20-year infrastructure tranche; 3) Rmb6 billion (US$887m) 30-year infrastructure tranche; 4) US$500 million 5-year infrastructure tranche; and, 5) €750 million (US$873m) 8-year green tranche. The green bonds and the infrastructure bonds are governed by the HKSAR Government’s Green Bond Framework and Infrastructure Bond Framework, respectively. Proceeds raised will be credited to the Capital Works Reserve Fund to finance or refinance eligible green projects and infrastructure projects, in accordance with the relevant frameworks. Partner Mark Chan led the firm’s team in the transaction.
Moreover, Clifford Chance is advising CVC Capital Partners on the international aspects of its proposed investment in Indonesia-listed Mitra Adiperkasa (MAPI), one of Indonesia’s leading retail groups with substantial operations across Indonesia and South East Asia. The transaction is expected to involve a mandatory tender offer (MTO), under which CVC funds will acquire shares that are tendered by minority shareholders through the MTO. Following the transaction, CVC will participate as a shareholder, alongside MAPI’s controlling shareholder. Private equity partner Tom Lin, supported by finance partners Matthew Truman and Charlotte Leung, led the firm’s team in the transaction.
JSA Advocates & Solicitors has advised Cigniti Technologies (transferor) and Coforge (transferee) on achieving successful closure of Coforge’s acquisition of Cigniti. This milestone acquisition secured, in record time and with efficiency, sanction for a composite scheme of amalgamation between leading public limited companies listed in India’s stock exchanges. Partners Anand Lakra, Sidharth Sethi and Shreya Sircar led the firm’s team in the transaction.
JSA Advocates & Solicitors is also advising A91 Emerging Fund I, the investor selling shareholder, on the IPO of branded packaged spices and food manufacturer Pushp Brand (India). The proposed IPO is structured entirely as an offer for sale of up to 7.44 million equity shares by the promoters and investor selling shareholders. Partner Madhurima Mukherjee Saha, supported by partner Shivali Singh, led the firm’s team in the transaction.
Latham & Watkins has advised CICC as sole sponsor on Shenzhen Creality 3D Technology’s HK$1.38 billion (US$176m) IPO of 73.42 million H Shares at an offer price of HK$18.80 (US$2.39) per share in Hong Kong. The offering includes an over-allotment option of up to 11.01 million additional H Shares at the offer price. Shenzhen Creality 3D Technology is a global consumer 3D printing product and service provider, with products including 3D printers, 3D printing consumables, 3D scanners, laser engravers and accessories. Hong Kong partners Daying Zhang and Mandy Wong led the firm’s team in the transaction.
Shardul Amarchand Mangaldas & Co has acted as Indian counsel to Jefferies India, as the sole book-running lead manager, on the qualified institutions placement by JSW Energy. The QIP involved the issuance of approximately 76.2 million equity shares with face value Rs10.00 (US$0.10) each at Rs525.00 (US$5.50) per equity share, aggregating to approximately Rs40 billion (US$420m). The issue was marketed to institutional investors in India and overseas, and was completed within an accelerated timeline amid challenging market conditions. JSW Energy is one of India’s leading private sector power producers with a diversified portfolio spanning thermal, hydro and renewable energy assets, including battery energy storage systems. The proceeds from the QIP are proposed to be utilised towards repayment and prepayment of certain borrowings of the company and its subsidiaries, investment in subsidiaries, including JSW Neo Energy and JSW Thermal Energy, and for general corporate purposes. Partners Nikhil Naredi and Devi Prasad Patel led the firm’s team in the transaction.
Simpson Thacher has represented Blackstone on the establishment of its third Asia-Pacific private equity fund, Blackstone Capital Partners Asia III (BCP Asia III). Blackstone has announced that BCP Asia III has held its final closing and reached its hard cap. Together with commitments from Blackstone and its affiliates, BCP Asia III raised US$13.1 billion of capital commitments. Partners Steven Klar (New York), Ben Steelsmith (New York), Jonathan Karen (New York), Adam Furber (Hong Kong), Nadia Bonnet (New York), Jonathan Goldstein (New York), Jodi Schneider (New York), Erica Rozow (Washington DC) and Julia Kohen (New York) led the firm’s multi-disciplinary team in the transaction.
Skadden has advised leading China-based beauty group Yatsen Holding on its definitive agreement with an investment vehicle affiliated with Trustar Capital, Hillhouse and Mr Jinfeng Huang, the company’s founder, Chairman of the Board of Directors and Chief Executive Officer, on the private placement of Rmb-denominated convertible senior notes in an aggregate principal amount equivalent to approximately US$120 million, issued in two equal tranches, together with warrants to purchase Class A ordinary shares of the company. The closing of the first tranche of notes and the corresponding warrant occurred on May 21, 2026. The second tranche of the notes is expected to be issued later this year. Hong Kong partner and China practice co-head Haiping Li led the firm’s team in the transaction.
Trilegal has successfully represented Education Today, a part of the India Today Group, before the Delhi High Court on a trademark action to secure its intellectual property rights in its registered mark “Vasant Valley”. The High Court secured Education Today’s rights in the trademark, and decreed the Suit in terms of a Settlement Agreement dated May 12, 2026 entered between Education Today and the Vasant Valley Concept School, Telangana. As a part of the decree, the Vasant Valley Concept School, Telangana, was caused to change its name and take down its website, social media handles and advertisements on public platforms using the infringing mark, and undertake to not indulge in any act of infringement, passing off and/or dilution of Education Today’s registered mark – “VASANT VALLEY”. The High Court passed appropriate directions to Meta Platforms and Just Dial to ensure compliance with the terms of the Settlement Agreement, should Vasant Valley Concept School fail to take down its pages on Facebook and Just Dial. The High Court also directed Vasant Valley Concept School to file a compliance report by July 10, 2026. The disputes arising out of the infringement of Education Today’s mark were resolved in a fortnight. Partners Ketan Gaur (dispute resolution) and Kirti Balasubramanian (technology, media and telecommunications) led the firm’s team in the matter, while senior advocates Rajiv Nayar and Nakul Dewan argued the case.
