Allen & Gledhill has advised United Overseas Bank, RHB Bank, The Hongkong and Shanghai Banking Corporation and Malayan Banking Singapore Branch, as the original lenders, mandated lead arrangers and book-runners, on the S$700 million (US$512.5m) term and revolving loan facilities to RBC Investor Services Trust Singapore, as trustee of ESR-Reit. The loan proceeds will partly finance the acquisition, by way of scheme of arrangement, by the borrower of all the stapled securities of Viva Industrial Trust. Partners Kok Chee Wai, Foong Yuen Ping and Goh Ping Ying led the firm’s team in the transaction.
AZB & Partners has advised Godrej Build To-Core I, a Singapore limited partnership which includes investors such as APG Asset Management, on the acquisition by its wholly-owned subsidiary GBTC I (Master) of a more than 25 percent equity stake in Godrej Green Homes. Partners Sai Krishna Bharathan, Monika Bhonsale and Pallabi Ghosal led the firm’s team in the transaction, which was completed on March 19, 2018.
AZB & Partners has also advised SoftBank and its affiliates on their Rs26 billion (US$379m) acquisition of approximately 21 percent of the total paid-up share capital of PayTM E-Commerce. Partner Vinati Kastia led the firm’s team in the transaction, which was completed on June 6, 2018.
Clove Legal has represented Welset Plast Extrusions, a company engaged in master batch (including PVC master batch) and PVC compound businesses, on an agreement with Mitsubishi Chemical for the acquisition, which will be carried out in the autumn of this year, of its PVC compound business by Mitsubishi Chemical. Partner Dharmesh Kotadia led the firm’s team in the transaction. Mitsubishi Chemical was represented by AZB & Partners, led by partner Shameek Chaudhuri.
Conyers Dill & Pearman has acted as special counsel in the Cayman Islands to Fantasia Holdings Group and to its BVI subsidiary guarantors Fantastic Victory, Wisdom Regal and Fantasia Financial Community Group on the company’s issue of US$100 million 8.5 percent senior notes due 2019, which are listed in Singapore. Fantasia Holdings Group is a leading property developer and property-related service provider in China. Hong Kong partner Anna Chong, working alongside Sidley Austin (Hong Kong), led the firm’s team in the transaction.
J Sagar Associates has advised Info Edge India on the signing of definitive agreements on its proposed US$45 million investment in ETechAces Marketing & Consulting. Info Edge is investing along with Softbank Vision Fund, through SVF India Holdings (Cayman). India-listed Info Edge runs the popular web portals Naukri.com, 99Acres.com, Jeevansathi.com and Shiksha.com. ETechAces operates the well-known portals www.policybazaar.com, an online marketplace for insurance products, and www.paisabazaar.com, an online marketplace for other financial products, like loans and credit cards. Partners Rohitashwa Prasad and Swetha Prashant led the firm’s team in the transaction, which is subject to applicable regulatory approvals.
K Law has advised Oman India Joint Investment Fund-II on its approximately Rs800 million (US$11.7m) financial investment into Divgi TorqTransfer Systems. Managing partner Naina Krishna Murthy led the firm’s team in the transaction, which was completed on May 15, 2018.
Khaitan & Co has acted as Indian law counsel to UST Global on the US$250 million investment of Temasek in UST Global. Based in Aliso Viejo in California, UST Global is an IT services company that provides services to several industries, such as healthcare, retail and consumer goods, banking and financial services, telecom, media and technology, and transportation and logistics. Partner Vinay Joy led the firm’s team in the transaction.
Khaitan & Co has also advised Apax Partners on the acquisition of a controlling stake by Quinag Acquisition (FDI), a company backed by funds advised by Apax Partners, in Healthium MedTech from its existing shareholders, including TPG Growth, CX Partners and the founding shareholders. Apax Partners is an investment firm specialising in direct and fund of fund investments in middle market. Within direct investments, it specialises in private equity and venture capital investments. Partners Haigreve Khaitan and Aakash Choubey, assisted by executive director Dinesh Agrawal and partners Bhavik Narsana, Vinay Joy and Bijal Ajinkya, led the firm’s team in the transaction.
Maples and Calder (Hong Kong) has acted as Cayman Islands counsel to Wise Talent Information Technology (Liepin) on its global offering and listing of shares in Hong Kong. Liepin operates the largest online talent acquisition services platform in China. Liepin is offering 88 million shares, with gross proceeds of around HK$2.9 billion (US$369.6m). Partner Derrick Kan led the firm’s team in the transaction, while Davis Polk & Wardwell acted as Hong Kong and US counsel.
S&R Associates has advised Penguin Random House India on its acquisition of Hind Pocket Books, a Hindi language publisher. Partner Rachael Israel led the firm’s team in the transaction.
S&R Associates has also advised JM Financial, Kotak Mahindra, Morgan Stanley, Motilal Oswal and Nomura, as the book-running lead managers, on the Rs18.44 billion (US$269m) IPO of Indostar Capital Finance, a non-banking finance company registered with the Reserve Bank of India as a systemically important non-deposit taking company. Partners Sandip Bhagat and Jabarati Chandra led the firm’s team in the transaction.
WongPartnership has advised principal investor Temasek Holdings on the Rs20 billion (US$292m) joint investment by Temasek Holdings and Ascendas-Singbridge Group in Ascendas India Logistics. The initiative falls under the auspices of Ascendas-Firstspace, a 2017 joint venture between Ascendas-Singbridge and Indian industrial real estate specialist Firstspace Realty, whose mandate is to deliver state-of-the-art logistics and industrial facilities across major warehousing and manufacturing hubs in India. Partner Low Kah Keong led the firm’s team in the transaction.
WongPartnership is also acting for Temasek Holdings, which together with returning investor GGV Capital, led the US$20 million Series B investment round raised by CashShield. Partners Mark Choy, Lam Chung Nian, Kylie Peh and Kyle Lee led the firm’s team in the transaction.