Allen & Gledhill has also advised DBS Bank on the S$760 million (US$598m) term and revolving loan facilities to Horizon Residential, a company sponsored by CRL Realty, UOL Group, Singapore Land Group and Kheng Leong. Aligned with the Green Loan Principles, the facilities will be used to finance the acquisition and development of the residential component of a mixed development (integrated with an MRT station, a bus interchange and a town plaza) at Hougang central. Partners Lim Wei Ting and Ernest Teo led the firm’s team in the transaction.
Moreover, Allen & Gledhill has advised Oversea-Chinese Banking Corporation on the US$350 million term and revolving credit facilities to Full Grace Enterprises, a vehicle sponsored by CapitaLand Mall Asia and CapitaLand Mall China Income Fund II. The facilities will be used to finance the general corporate purposes of Full Grace Enterprises, and to refinance certain borrowings relating to Minhang Plaza, Shanghai. Partner Lim Wei Ting led the firm’s team in the transaction.
AZB & Partners is advising Mars Equity MC on its Rs26.1 billion (US$279m) acquisition of stake, along with other acquires, in Finnovation Tech Solutions. Partners Srinath Dasari and Adoksh Shastry are leading the firm’s team in the transaction, which was signed on April 3, 2026 and is yet to be completed.
AZB & Partners has also advised FIH Mauritius Investments on its Rs2.4 billion (US$26m) sale of stake in Sanmar Chemical Enterprises (SCE) to SCE affiliate SCL Property. Partners Darshika Kothari and Kritika Agarwal led the firm’s team in the transaction, which was completed on April 10, 2026.
Moreover, AZB & Partners has advised Everdoc and Wingify Software on the Rs13.8 billion (US$148m) acquisition of stake by Everdoc in Wingify. Partners Anil Kasturi and Anisha Shridhar led the firm’s team in the transaction, which was completed on March 31, 2026.
Baker McKenzie has acted as lead counsel to Resulticks Global Companies on its entry into a definitive share purchase agreement with Nasdaq-listed Diginex, pursuant to which Diginex will acquire Resulticks in an all‑share transaction valued at approximately US$1.5 billion. Singapore M&A principals Shirin Tang and Ting Xiao Hui, US M&A partners Piotr Korzynski and Derek Liu, and US capital markets partners Per Chilstrom and Michael Pilo led the firm’s cross-border, multi-disciplinary team in the transaction.
Baker McKenzie has also advised the joint global coordinators and joint book-runners, as to US federal securities laws and English law, on the M$652 million (US$165m) IPO and listing of MTT Shipping and Logistics (MTTSL) in Malaysia. The company’s shares commenced trading on April 21, 2026. The listing of MTTSL represents the largest IPO for Malaysia’s transportation and logistics sector since 2013.
CIMB Investment Bank is the principal adviser and, together with CLSA and CLSA Securities Malaysia, the joint global coordinators and joint book-runners. Affin Hwang Investment Bank also acts as a joint book-runner in this international IPO, which included an offering to retail investors in Malaysia and institutional investors internationally in reliance on Regulation S under the US Securities Act of 1933. US-qualified capital markets principal Alexander Stathopoulos of Baker McKenzie Wong & Leow, the Singapore member firm of Baker McKenzie, supported by London corporate partner George Marshall on English law aspects, led the firm’s team in the transaction.
Clifford Chance has advised Hong Kong’s leading Exchange Traded Funds (ETF) provider CSOP Asset Management on the successful launch and listing of CSOP Gold ETF in Hong Kong. CSOP Gold ETF directly holds physical gold stored in Hong Kong, and offers flexible cash or in‑kind (physical gold) creation and redemption, providing efficient Hong Kong–based gold bullion access. It opens up a new option for Hong Kong investors to allocate to gold. Partner Rocky Mui led the firm’s team in the transaction.
Davis Polk has advised the underwriters on Manycore Tech’s IPO and listing in the Hong Kong, and its Rule 144A / Regulation S international offering. The gross proceeds from the offering were approximately HK$1.2 billion (US$153m), prior to the exercise of the over-allotment option. Manycore Tech is a leading provider in China of cloud-native spatial design software adopted across a wide range of business scenarios – from residences and office buildings to retail stores and commercial projects. Its product suite centers on Kujiale, a cloud-native spatial design software in China offering rapid drag-and-drop 3D design, instant photorealistic rendering, an extensive model library and BIM capabilities. Internationally, it offers Coohom, a localized spatial design software tailored to markets across Asia and the US, featuring region-specific design interfaces and model libraries and supporting 18 languages. Beyond its software products, Manycore Tech provides professional services, which primarily include modeling services, technical deployment services and customer trainings. Through SpatialVerse, launched in 2024, Manycore Tech creates realistic and physically accurate synthetic 3D datasets. Partners Li He and Jason Xu led the firm’s multi-jurisdictional team in the transaction.
Davis Polk has also advised Sigenergy Technology on its IPO and listing in Hong Kong, and its Regulation S international offering. The gross proceeds of the offering were approximately HK$4.4 billion (US$562m), prior to the exercise of the over-allotment option. The listing marks the largest primary listing globally in the energy storage sector in the last four years. Sigenergy is a global leader in distributed energy storage system (DESS) solutions, strategically focused on the stackable all-in-one DESS market. Founded in 2022, Sigenergy has expanded its presence to 85 countries and regions across APAC, Europe, Africa and other markets, and is the world’s leading provider of stackable all-in-one DESS solutions, as measured by product shipments in 2024. Partners Li He and Jason Xu led the firm’s Hong Kong and Beijing team in the transaction.
Moreover, Davis Polk has advised VNET Group on its US$137.7 million private placement of its Class A ordinary shares. VNET’s American depositary shares are listed on the Nasdaq. A leading carrier and cloud-neutral internet data center services provider in China, VNET provides hosting and related services, including IDC services, cloud services and business VPN services, to improve the reliability, security and speed of its customers’ internet infrastructure. Hong Kong partner James Lin led the firm’s team in the transaction.
DLA Piper has advised Haier Smart Home, a world‑leading producer of home appliances listed in Shanghai, Hong Kong and Germany, on the partial sale of its shareholding in Haier Appliances (India), and Haier India’s issuance of new equity to an investor consortium comprising affiliates of global private equity firm Warburg Pincus and Indian multinational conglomerate Bharti Enterprises. Following completion of the transaction in March 2026, Haier and the investor consortium each hold 49 percent of Haier India, with the remaining two percent allocated to Haier India’s ESOP scheme. A subsidiary of the Haier Group founded in 1984, Haier Smart Home is the world’s largest home appliance manufacturer specializing in smart home solutions. With over 100,000 employees globally, Haier has established seven premium home appliance brand clusters worldwide, including Haier, Casarte, Leader, GE Appliances (United States), Fisher & Paykel (New Zealand), AQUA (Japan) and Candy (Italy). Haier also introduced the world’s first scenario brand, SANYINIAO, defining innovative smart home solutions for users. Haier India, which began commercial operations in January 2004, has launched a wide range of innovative products across major categories, including refrigerators, air conditioners, washing machines, LED panels, water heaters, commercial refrigerators, wine cellars and microwave ovens. Over the past seven years, Haier India has achieved a compounded growth rate of 25 percent. Corporate partner James Chang, supported by partners Stewart Wang – Shanghai Kaiman Law Firm corporate head), Horace Lam (Beijing-intellectual property), Nathan Bush (Singapore-competition), Katherine Chew (Singapore-competition), Windson Li (Beijing-tax), Benjamin Parameswaran (Hamburg -corporate), Alexander Kolmakov (London-corporate), Johnny Choi (Hong Kong-employment), Nick Hipwell (London-employment), Ernest Yang (Hong Kong-litigation and regulatory) and Xiaoshan Chen (Shanghai Kaiman Law Firm litigation head), led the firm’s cross‑practice, multi‑jurisdictional team in the transaction. AZB & Partners acted as co‑counsel on Indian law matters.
DLA Piper has advised Banco Bilbao Vizcaya Argentaria on a US$500 million global vendor financing programme for Envision Energy, a leading global provider of renewable energy and green technology solutions. The financing programme will support Envision Energy’s international business expansion across Europe, Asia and Latin America, enabling the deployment of wind power, battery storage and integrated clean energy projects in multiple markets. Designed as a multi‑project, multi‑jurisdictional financing, the programme features a highly flexible and bespoke structure, incorporating multiple financing instruments and operating across several currencies. The structure allows financing opportunities to be identified at early stages of project development. Naomi Hong led the firm’s team in the transaction.
JSA Advocates & Solicitors has advised Apothecon Pharmaceuticals and its founders, Dr Mahendra Patel and Joe Renner, on an approximately US$270 million investment by Everstone in the Apothecon Group. Partner Sidharrth Shankar, supported by partners Nandini Seth, Aditya Vardhan Dayal and Dheeraj Nair, led the firm’s team in the transaction.
JSA Advocates & Solicitors has also advised IvyCap Ventures Fund and its affiliates on their investment in Astranova Mobility (formerly known as Electrifi Mobility), which provides sustainable transportation solutions, including electric vehicle (EV) asset management and financing solutions, such as leasing. Partner Anurag Shrivastav, supported by partner Siddharth Mody, led the firm’s team in the transaction.
Moreover, JSA Advocates & Solicitors has advised 5paisa Capital on its rights issue of equity shares aggregating up to Rs4.7 billion (US$50.3m). The issue comprises up to 15.63 million equity shares offered on a rights basis to eligible shareholders. 5paisa is a technology-driven financial services company offering discount broking and a wide range of investment and trading solutions across capital markets through its digital platforms, including mobile and web-based applications. Its services span capital markets, futures and options, currency derivatives and commodity derivatives segments, and include distribution of mutual funds and IPOs with memberships across leading Indian stock exchanges. Partners Arka Mookerjee, Siddhartha Desai and Ananth Balaji led the firm’s team in the transaction.
K&L Gates, together with Trilegal, has advised Olam Holdings, a wholly-owned subsidiary of Singapore-listed Olam Group, on the sale of Mindsprint and its subsidiaries to Wipro Networks at an enterprise value of US$375 million. The sale is expected to close at the end of June 2026, subject to regulatory approvals and closing conditions. As part of the broader transaction, the Olam Group has also awarded an eight-year services contract to Wipro, drawing on their industry expertise to advance the Olam Group’s transformation across its ‘farm to fork’ value chain by deploying industry-specific solutions aligned with its business priorities. Headquartered in Singapore, the Olam Group operates in over 60 countries, and is one of the leading global agri-business and food ingredient majors, ranking among the world’s largest suppliers of cocoa, coffee, cashew, rice and cotton. Primarily based in India, Mindsprint provides technology, cybersecurity and digital solutions. It serves multiple clients across the food and agri-business, manufacturing, retail, consumer packaged goods, healthcare, and life-sciences verticals, including large enterprise accounts across the US, Asia-Pacific and Middle East. Wipro Networks is a wholly-owned subsidiary of Wipro, a New York and Bangalore-listed AI-powered technology services and consulting company. Singapore corporate partners David Kuo and Meraj Noor from K&L Gates Straits Law, supported by Sydney partners Ayman Guirguis (antitrust and competition), Cameron Abbott (technology outsourcing) and Dan Atkin (corporate), led the firm’s team in the transaction.
Shardul Amarchand Mangaldas & Co has advised Poonawalla Fincorp on its qualified institutions placement of equity shares, through which the company raised approximately Rs25 billion (US$267m). The net proceeds of the issue are proposed to be used for augmenting the issuer’s assets under management, strengthening its capital base, and repaying or prepaying certain existing borrowings. Partners Nikhil Naredi and Shubhangi Garg led the firm’s team in the transaction.
Shardul Amarchand Mangaldas & Co has also advised Permira Advisors and Norwest Venture Partners X – Mauritius on a cross-border, multi-tranche secondary acquisition of securities in SILA Solutions. The transaction involves an investment, via acquisition of approximately 40 percent shareholding of SILA Solutions from Norwest and certain other existing shareholders, of approximately US$100 million in SILA Solutions by Permira. M&A and private equity regional head Raghubir Menon (Mumbai), supported by partners Manan Mehta, Dipayan Bhattacherjee, Shweta Shroff Chopra, Pooja Ramchandani, Lalan Gupta, Puja Sondhi, Aayush Kapoor, Yaman Verma and Aman Singh Sethi, led the firm’s team in the transaction.
Moreover, Shardul Amarchand Mangaldas & Co has advised IndiaIdeas.com (Billdesk) on its proposed acquisition of 100 percent equity stake in Worldline ePayments India and Worldline India from their existing shareholders. The transaction will strengthen Billdesk’s end-to-end digital payments capabilities, and expand its merchant acquiring and enterprise payment solutions footprint in India. M&A and private equity, general corporate regional head Raghubir Menon and partners Natashaa Shroff and Shiladitya Banerjee, supported by partners Gouri Puri, Rahul Yadav, Manika Brar, Radhika Seth, Shiladitya Banerjee and Kirti Mahapatra, led the firm’s team in the transaction, which is subject to completion of conditions precedent, as set out in the share purchase agreement.
Simpson Thacher is representing Onto Innovation on its strategic collaboration with Rigaku Holdings, a leading manufacturer of X-ray related technologies, to advance next-generation process control solutions for semiconductor manufacturing. In connection with the strategic collaboration, the firm is also representing Onto Innovation on its entry into a definitive share purchase agreement with The Carlyle Group affiliate Atom Investments to acquire 27 percent of the outstanding common stock of Rigaku for approximately US$710 million. Onto Innovation is a leader in process control, combining global scale with an expanded portfolio of leading-edge technologies that includes un-patterned wafer quality, 3D metrology spanning chip features from nanometer scale transistors to large die interconnects, macro defect inspection of wafers and packages, metal interconnect composition, factory analytics, and lithography for advanced semiconductor packaging. M&A partners Joe Conahan (Boston), Andy Alin (New York), Jonathan Stradling (Tokyo), Katherine Reaves (New York-banking & credit), Elizabeth Kates (Boston-banking & credit), Sunny Cheong (New York-capital markets), Sara Razi (New York-antitrust) and Preston Miller (Washington DC-antitrust) led the firm’s team in the transaction, which is expected to close in the second half of 2026, subject to customary closing conditions, including receipt of customary regulatory approvals.
S&R Associates has represented Modern Safety Glass, a glass processing company operating the brand “Hercules”, and its promoters on its sale to Ozone Overseas, a manufacturer and supplier of architectural hardware and security solutions. Partners Swapneil Akut and Aparna Ravi led the firm’s team in the transaction.
Trilegal is advising Macquarie on several legal aspects of the sale process until closing of the transaction, including conducting a vendor due diligence on behalf of Macquarie Corporate Holdings and Aragorn Holding Company on Vibrant’s portfolio in India, and assisting with transaction structuring, finalisation of the transaction document and all closing related actions. Partners Amar Narula, Arjun Ghose and Rahil Pereira, supported by partners Rahul Arora, Gautam Chawla and Kunal Gupta, led the firm’s team in the transaction.
Trilegal has also advised Times Group entities Times Internet, Bennett Coleman and Company and Cyber Space Infotainment, as existing investors, on the reverse merger and re-domiciliation of Mensa Brands from Singapore to India. A technology-driven consumer brands platform that acquires and scales digital-first brands, Mensa Brands has undertaken this reverse flip as a significant step towards its proposed IPO in India’s stock exchanges. Corporate partner Nikhil Sachdeva led the firm’s team in the transaction.
Moreover, Trilegal has advised Agrow Allied Ventures, along with its promoters and existing shareholders, on its first external fundraising round amounting to Rs1.86 billion (US$20m). The transaction comprised a combination of primary capital infusion and secondary sale by existing shareholders, and was undertaken with India Advantage Fund S5 I, a fund managed by ICICI Venture Funds Management. Agrow Allied Ventures manufactures agrochemicals, including herbicides, insecticides and fungicides, and has a presence across more than 80 countries. The company has a strong product portfolio comprising over 15 technical products and more than 400 formulations, including specialty and patented offerings. Partner Nikhil Sachdeva also led the firm’s team in the transaction.
