AZB & Partners has advised HSBC Securities and Capital Markets (India), as the brokers, on the offer for sale undertaken for 37.5 percent of the equity share capital of Wendt India. The offering, which aggregated to approximately Rs606 million (US$7.1m), is one of the first that was undertaken for a complete promoter exit. Partners Varoon Chandra and Lionel D’Almeida led the firm’s team in the transaction, which was completed on May 16, 2025. AZB & Partners has also advised Tata AutoComp Systems on its agreement with Katcon to each acquire 50 percent stake in a company. This company will manufacture advanced composite materials, and will produce lightweight components for passenger and commercial vehicles, agricultural tractors, off-road vehicles and non-automotive segments. Both parties are contributing operational assets, such as intellectual property, software and proprietary know-how, infrastructure and human resources, to this joint venture company. Along with these operational assets, Tata AutoComp will contribute technology and customer relationships, while Katcon will provide operational expertise, regulatory knowledge and local execution capabilities. Partners Aarthi Sivanandh and Bhavana Alexander led the firm’s team in the transaction, which was completed on May 14, 2025. Moreover, AZB & Partners has advised Samsung Electronics on its Rs141 billion (US$1.65b) acquisition from Triton Advisers of FlaektGroup, including its Indian entity FläktGroup India. Partners Alka Nalavadi and Kunal Kumbhat are leading the firm’s team in the transaction, which was signed on May 14, 2025 and is yet to be completed. Baker McKenzie has advised Global Infrastructure Partners (GIP), a part of BlackRock, on forming a strategic partnership with Charoen Pokphand Group (CP Group) and True Internet Data Center, a...

Allen & Gledhill has advised venture capital firm Wavemaker Pacific 5 on leading a series seed round investment in Assetfindr, a Singapore-headquartered, AI-powered asset maintenance and management platform which provides tools for real-time insights, advanced risk management and data-driven decision-making. Partner Nicholas Soh led the firm’s team in the transaction. AZB & Partners has advised InCred Growth Partners Fund-I on its Rs1.2 billion (US$14m) acquisition, along with other acquirers, of more than five percent stake in Celebal Technologies. Partners Anand Shah, Harshil Dalal and Kinshuk Jhunjhunwala led the firm’s team in the transaction, which was completed on May 9, 2025. AZB & Partners has also advised Picus Global (Picus Capital) on its Rs180.4 million (US$2.1m) acquisition, along with other acquirers, of more than five percent stake in ReelSaga Innovations. Partner Aman Jain led the firm’s team in the transaction, which was completed on April 7, 2025. Baker McKenzie has advised UOB Venture Management (UOBVM), a wholly-owned subsidiary of United Overseas Bank, on the acquisition of a 12 percent stake in Bien Hoa Consumer (BHC). With this transaction, UOBVM becomes a substantial shareholder of BHC, and partners with BHC to deploy supply chain finance solutions across the entire agricultural value chain. This collaboration aims to optimize financial resources and drive long-term, sustainable growth across BHC’s operations, from production to distribution. The investment enables BHC to invest in a state-of-the-art food and beverage manufacturing facility and expand its portfolio. BHC operates a robust multichannel distribution network, with nearly 2,000 business clients and more than 100,000 points of sale and e-commerce platforms. The company has a diverse product portfolio, including sugar, organic...

Allen and Gledhill has advised DBS Bank and Oversea-Chinese Banking Corporation on the S$500 million (US$383m) term loan facility to SATS. The facility will be used to finance general corporate purposes. Partner Lim Wei Ting led the firm’s team in the transaction. AZB & Partners is advising TPG Capital on its acquisition of 35 percent stake in Schott Poonawalla from Serum Institute of India. Partners Nandish Vyas, Devika Nayak and Bharat Budholia are leading the firm’s team in the transaction, which was signed on April 29, 2025 and is proposed to be completed by May 13, 2025. AZB & Partners is also advising MSA Safety on its Rs16.9 billion (US$198m) acquisition of M&C TechGroup, including its Indian subsidiary M&C TechGroup India. Partners Alka Nalavadi and Divya Mundra are leading the firm’s team in the transaction, which was signed on May 7, 2025 and is yet to be completed. Moreover, AZB & Partners is advising Sumitomo Mitsui Banking Corporation on its Rs134.8 billion (US$1.58b) acquisition of 20 percent stake in Yes Bank from SBI, HDFC, ICICI, Kotak Mahindra, Axis, IDFC First, Federal and Bandhan. Partners Zia Mody, Vaidhyanadhan Iyer, Gautam Ganjawala, Abhilash Chandran and Bhargavy Ramesh are leading the firm’s team in the transaction, which was signed on May 9, 2025 and is yet to be completed. Clifford Chance has advised Chinese freshly-made tea beverage company Auntea Jenny (Shanghai) Industrial Co on its IPO and listing in Hong Kong. With 9,176 stores as of December 31, 2024, Auntea Jenny operates one of the largest networks of freshly-made tea shops in China. China practice chair Tim Wang and partners Jean Thio and...

Allen & Gledhill has advised a key investor on the US$110 million investment in SILQ Group, which was formed through the merger of ShopUp, Bangladesh’s biggest full-stack B2B commerce platform, and Sary, a B2B marketplace and services platform in the Arabian Gulf. The formation of SILQ Group brings together the Arabian Gulf and Emerging Asia, creating the largest B2B commerce platform to serve the fastest-growing consumer markets in the region and across the globe. Partners Nicholas Soh, Eugene Ho and Aaron Lee led the firm’s team in the transaction. AZB & Partners is advising BLAST and its wholly-owned subsidiary BLAST Esports on its agreement with RISE, a wholly-owned subsidiary of Reliance, to each acquire a 50 percent stake in an Indian company, which focuses on organizing virtual and real eSports tournaments, nurturing eSports talent and creating career opportunities for eSports gamers in India. The JV also intends to set up centers of excellence to engage in remote production for eSports tournaments and events. Both parties are contributing operational assets, such as intellectual property, software, proprietary know-how, infrastructure and human resources, to the JV company. Partners Darshika Kothari and Kunal Kumbhat are leading the firm’s team in the transaction, which was signed on March 20, 2025 and is yet to be completed. AZB & Partners has also advised Wind Point Partners on its acquisition of Sigma Companies International, including its Indian subsidiary Sigmaflow Production Solutions (Sigma India). Partners Ashwath Rau and John Raghav led the firm’s team in the transaction, which was completed on March 28, 2025. Moreover, AZB & Partners is advising Murugappa group company Coromandel International on its...

AZB & Partners is advising KFintech Technologies on its Rs2.8 billion (US$33m) acquisition of a 51 percent stake in Ascent Fund Services. Partners Divya Mundra and Devika Nayak are leading the firm’s team in the transaction, which was signed on April 16, 2025 and is yet to be completed. AZB & Partners is also advising Bain Capital on its more than US$2 billion acquisition from Blackstone of HealthEdge Group and its subsidiary HealthEdge Software, including its Indian subsidiaries HealthEdge Technologies India and HealthEdge Software. Partners Ashwath Rau and John Raghav are leading the firm’s team in the transaction, which was signed on April 6, 2025 and is yet to be completed. Moreover, AZB & Partners has advised Trivest Partners V and GetixHealth Group on the acquisition by HIG Capital and its affiliates of GetixHealth Group and its subsidiaries, including its Indian subsidiary GetixHealth India, from Trivest Partners. Partners Ashwath Rau and John Raghav also led the firm’s team in the transaction, which was completed on March 31, 2025. Baker McKenzie is advising Hong Kong-listed China Ruyi Holdings on the proposed issuance of HK$2.34 billion (US$302m) convertible bonds due 2030, with a coupon rate of 3.95 percent per annum. The proceeds from the bond issuance will be used for the growth and expansion of the business of the group, including content production, purchasing drama scripts and copyrights, acquiring copyrights of films and TV programs, as well as for general working capital purposes. CLSA, Deutsche Bank Hong Kong Branch, Goldman Sachs (Asia), Macquarie Capital and Merrill Lynch (Asia Pacific) are the joint global coordinators, joint book-runners and joint lead managers in...