AZB & Partners is advising Eaglebay Investment, an affiliate of Warburg Pincus, on its Rs14.8 billion (US$172m) sale, along with other sellers, of stake in Ecom Express to Delhivery. Partners Anil Kasturi, Anisha Sridhar and Anshuman Vikram Singh are leading the firm’s team in the transaction, which was signed on April 5, 2025 and is yet to be completed. AZB & Partners has also advised Baylink Capital, Trive Capital and West Agile Labs (Veltris) on their acquisition of 100 percent shareholding of BPK, including its Indian subsidiary BPK Tech Services India. Partners Anil Kasturi, Anisha Shridhar and Abhinav Ashwin led the firm’s team in the transaction, which was completed on March 25, 2025. Moreover, AZB & Partners has advised InCred Growth Partners Fund-I on its acquisition, along with other acquirers, of more than five percent stake in Manjushree Technopack from AI Lenarco Midco (Advent International). Partners Shriram Shah and Harshil Dalal led the firm’s team in the transaction, which was completed on March 27, 2025. Carey Olsen has advised Waton Securities International on its IPO on the Nasdaq, which successfully closed on April 2, 2025. BVI-incorporated Waton Securities operates primarily through its Hong Kong-based subsidiaries, providing financial services, including settlement services, for HK stock, US stock and A-share stock, as well as one-stop IT platform services to licensed brokerage firms. Singapore corporate partner Anthony McKenzie the firm’s team in the transaction, while Hunter Taubman Fischer & Li acted as US securities counsel and Han Kun Law Offices acted as Hong Kong counsel. Clifford Chance has advised global alternative asset management firm TPG on its acquisition of a majority stake in...

Allen & Gledhill has advised S&P Global Asian Holdings on its acquisition of a 43.4 percent shareholding interest in FiRsatings, a leading credit rating agency in Vietnam. S&P’s investment extends a long-standing partnership between the two companies, and significantly increases their commitment to strengthening credit-rating standards and efficient and liquid debt capital markets in Vietnam. Managing partner Oh Hsiu-Hau led the firm’s team in the transaction. AZB & Partners is advising Jumbotail Technology and its founders Subramanian Karthik Venkateswaran and Ashish Jhina on Jumbotail’s acquisition of Standard Chartered Research and Technology India from SC Ventures Holdings and Standard Chartered Research and Technology India. Partners Anand Shah, Kinshuk Jhunjhunwala and Harshil Dalal are leading the firm’s team in the transaction, which was signed on March 26, 2025 and is yet to be completed. AZB & Partners has also advised Welspun on its Rs3.6 billion (US$42m) sale of its 100 percent shareholding in Nauyaan Shipyard to Reliance Strategic Business Ventures, a wholly-owned subsidiary of Reliance Industries. Partners Darshika Kothari, Kritika Agarwal and Ruchit Parikh led the firm’s team in the transaction, which was completed on March 21, 2025. Moreover, AZB & Partners is advising Chemplast Sanmar and its wholly-owned subsidiary Chemplast Cuddalore Vinyls on the Rs213 million (US$2.5m) acquisition of 18.46 percent stake by Chemplast Sanmar and the Rs90.5 million (US$1m) acquisition of 7.81 percent stake by Chemplast Cuddalore Vinyls in JSW Green Energy Nine, a special purpose vehicle established by JSW Neo Energy. Partners Anand Shah, Anuja Tiwari, Hufriz Wadia and Mallika Anand are leading the firm’s team in the transaction, which was signed on February 27, 2025 and is...

Allen & Gledhill has advised Equinix Asia Financing and Equinix on the establishment of its US$3 billion euro medium term note programme and issue of S$500 million (US$374m) 3.50 percent senior notes due 2030 under the programme. The notes are green bonds issued pursuant to Equinix’s Green Finance Framework, and are recognised under the SGX Sustainable Fixed Income initiative. Partners Ong Kangxin and Sunit Chhabra led the firm’s team in the transaction. Allen and Gledhill has also advised DBS Bank on the S$1.57 billion (US$1.17b) term, revolving and bank guarantee facilities to GWC Commercial and GWC Serviced Apartments. The facilities are to refinance the existing borrowings relating to Great World City and Great World Serviced Apartments. Partners Lim Wei Ting and Ernest Teo led the firm’s team in the transaction. Moreover, Allen & Gledhill has advised DBS Bank on the S$475 million (US$355.5m) secured green committed facilities to CL Savour Property, a subsidiary of CapitaLand Development. The facilities will be used to finance the successful tender for an industrial site at Kallang Way. Partners Kok Chee Wai and Ernest Teo led the firm’s team in the transaction. AZB & Partners is advising Wave Group and join venture company Agristo Masa on the formation of the JV between Wave Group and Masa Group. Wave Group and Masa Group they will collectively invest US$86 million and contribute operational assets, such as intellectual property, software, proprietary know-how, infrastructure and human resources, among others, to the joint venture. Partners Hardeep Sachdeva and Priyamvada Shenoy are leading the firm’s team in the transaction, which was signed on March 2, 2025 and is yet to be...

Allen & Gledhill has advised the Housing and Development Board on the issue of S$700 million (US$526m) fixed rate notes due 2032, under its S$32 billion (US$24b) multicurrency medium term note programme. Partners Margaret Chin and Sunit Chhabra led the firm’s team in the transaction. Allen & Gledhill has also advised CIMB Bank Singapore Branch and The Bank of New York Mellon Hong Kong Branch on the US$200 million dual currency revolving credit facilities to Mapletree China Logistics Investment Trust. Proceeds from the facilities will be used to finance Mapletree China Logistics Investment Trust’s acquisition and/or development of logistics real properties in China. Partner Lim Wei Ting led the firm’s team in the transaction. AZB & Partners is advising Birla Estates and Vardhita Properties on the Rs5.6 billion (US$65m) acquisition by Birla Estates and Mitsubishi Estate of 49 percent stake in Vardhita Properties, a wholly-owned subsidiary of Birla Estates. Both the parties are contributing operational assets, such as Intellectual Property, software and proprietary know-how, as well as infrastructure and human resources, among others, to the joint venture. Partners Nandish Vyas, Malaveeka Chakraborty, Shivanand Nayak and Ruhit Parikh are leading the firm’s team in the transaction, which was signed on January 24, 2025 and is yet to be completed. AZB & Partners has also advised PAG Group on its US$200 million acquisition of a significant stake in Pravesha Industries. Partners Ashwath Rau and Kashish Bhatia led the firm’s team in the transaction, which was completed on January 13, 2025. Moreover, AZB & Partners is advising Greenpark Hotels and Resorts on its Rs536m (US$6.2m) acquisition of Duet India Hotels (Duet Chennai...

Allen & Gledhill has advised Clifford Capital on the issue of US$500 million 4.781 percent notes due 2030, under its S$2.5 billion (US$1.88b) euro medium term note programme. The notes are guaranteed by the Government of Singapore. Partners Yeo Wico and Jeanne Ong led the firm’s team in the transaction. Allen & Gledhill has also advised Qatar National Bank Singapore Branch and China CITIC Bank International Singapore Branch on the S$250 million (US$188m) syndicated term loan facilities to TP Utilities. The facilities will be used to finance the general corporate funding purposes of TP Utilities. A subsidiary of Singapore power generation firm Tuas Power, TP Utilities manages all businesses related to the Tembusu Multi-Utilities Complex situated in Jurong Island, which provides an integrated suite of multi-utility services to industries on Jurong Island. Partner Aloysius Ng led the firm’s team in the transaction. AZB & Partners has advised Vistaar Financial Services, a portfolio company of Warburg Pincus, on the acquisition by IMP2 Catalyst (ABC Impact), along with other entities, of more than five percent stake in Vistaar Financial Services. Partners Vaidhyanadhan Iyer and Jeet Chaudhuri led the firm’s team in the transaction, which was completed on February 28, 2025. AZB & Partners has advised Vistaar Financial Services, a portfolio company of Warburg Pincus, on the acquisition by True North affiliate True North Fund VII, along with other entities, of more than five percent stake in Vistaar Financial Services. Partners Vaidhyanadhan Iyer and Jeet Chaudhuri also led the firm’s team in the transaction, which was completed on February 28, 2025. Moreover, AZB & Partners has advised Vistaar Financial Services, a portfolio...