Clifford Chance has acted for UBS AG and DBS as the joint lead underwriters on the Singapore initial public offer of Babcock and Brown Structured Finance Fund (BBSFF), the first listing of its kind in Singapore. The offer raised approximately S$365.77 million, including the partial exercise of the over-allotment option. BBSFF is managed by a member of the Babcock & Brown Group, a global investment and advisory business. The offering comprised an international placement of shares, including to institutional and other investors and a public offering of shares in Singapore. Shares were offered under Regulation S of the US Securities Act.

Colin Ng & Partners has acted for MacarthurCook Fund Management Limited in the secondary listing of the MacarthurCook Property Securities Fund as a business trust on the Singapore Exchange. The listing of MacarthurCook Property Securities Fund, which has its primary listing on the Australian Stock Exchange, raised a total of S$27.5 million through the issue of 22 million units by way of placement to institutional and other investors at a price of S$1.25 per unit. MacarthurCook Property Securities Fund is a diversified trust with interests in listed and unlisted property trusts and property-related companies.

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