Allen & Gledhill has advised Cargill group (Cargill) in respect of its simultaneous purchases of approximately 629.2 million shares representing 68.82 per cent of the issued share capital of PT Sorini Agro Asia Corporindo Tbk (Sorini) from PT AKR Corporindo Tbk (AKR) at Rp3,500 (US$0.39) per share, and of approximately 148 million shares representing 16.19 per cent of the issued share capital of Sorini from UOB Kay Hian Private Limited at Rp3,500 (US$0.38) per share. Partners Lee Kim Shin, Sunit Chhabra, and Christopher Ong led the transaction. Allen & Gledhill has also advised ING Bank NV Singapore Branch and UBS AG Singapore Branch as the joint lead managers in respect of BOM Capital PLC’s issue of S$150 million (US$117.2m) 4.25 per cent loan participation notes due 2013 under its US$5 billion programme for the issuance of loan participation notes to be issued by, but with limited recourse to, BOM Capital PLC for the sole purpose of financing loans to joint stock commercial bank – Bank of Moscow (open joint stock company). The notes are cleared through The Central Depository (Pte) Limited and are listed on the SGX-ST. Partners Glenn Foo and Bernie Lee led the transaction. Baker & McKenzie is advising Cascade Coal shareholders in respect of the approximately A$500 million (US$507m) sale of Cascade Coal, owner of the Mt Penny Coal Project in the Western Coalfields of New South Wales, to White Energy Company Limited, a mid-tier coal company focusing on cleaner coal technology. The sale agreement was signed on 14 February 2011. Partner Steven Glanz is leading the transaction. Freehills is advising White Energy Company Limited. Baker...

Allen & Gledhill has advised Great Eastern Life Assurance Company Limited and the joint lead managers – composed of Oversea-Chinese Banking Corporation Limited and Morgan Stanley Asia (Singapore) Pte – in respect of its issue of S$400 million (US$314m) 4.6 per cent subordinated fixed rate notes due 2026 callable in 2021 under its S$1 billion (US$785m) multicurrency medium term note programme. The notes are expected to qualify as a Tier 2 resource, subject to the requirements of the Monetary Authority of Singapore. Partners Margaret Chin, Cara Chan and Bernie Lee led the team advising Great Eastern Life while partners Tan Tze Gay and Glenn Foo led the team advising the joint lead managers. Allen & Gledhill has also advised Singapore Exchange Limited (SGX) in respect of securing financing commitments comprising a S$3.8 billion (US$2.98b) senior term loan facility and a A$750 million (US$757m) senior term loan facility to be made available by Australia and New Zealand Banking Group Limited (ANZ), The Bank of Tokyo-Mitsubishi UFJ Ltd (Singapore Branch), DBS Bank Ltd, Oversea-Chinese Banking Corporation Limited, United Overseas Bank Limited and National Australia Bank Limited. ANZ was appointed as the coordinator to the financing. Partners Lim Wei Ting and Prawiro Widjaja led the transaction. Amarchand Mangaldas is advising Siemens AG, a part of the promoter group of Siemens Limited (SL) and currently holding 55.18 per cent of the issued and paid up equity capital of SL, in respect of the voluntary open offer made to the public shareholders of Siemens Limited on 31 January 2011. The offer was made under Regulation 11(2A) of the SEBI (SAST) Regulations to acquire up...

Allen & Gledhill is advising DBS Bank Ltd (DBS) in respect of a share purchase agreement with The Sumitomo Trust & Banking Co and Nikko Asset Management Co Ltd (NAM) to combine DBS Asset Management Limited (DBSAM) and NAM. Under the proposed transaction, NAM will acquire 100 per cent of DBSAM from DBS and DBS will acquire 7.25 per cent of NAM. The value of the proposed transaction is S$137 million (US$107m). Partners Prawiro Widjaja and Tham Kok Leong led the transaction. Allens Arthur Robinson has advised UK defence group BAE Systems in respect of its offer to acquire Norkom Group PLC (Norkom), a Dublin-based provider of innovative counter fraud and anti-money laundering solutions, through the acquisition of Norkom’s entire issued share capital for €2.1 (US$2.87) per share in cash, which values the business at approximately €217 million (US$297m). Expected to complete later this year, the deal is subject to standard terms and conditions, including approval from Norkom’s shareholders. Partner David Wenger led the transaction. Allens Arthur Robinson has also advised Australasian private equity firm Catalyst Investment Managers Pty Ltd in respect of its leveraged buyout of AC Components, reportedly Australia’s largest air-conditioning wholesaler. The new deal, which was completed late last year, involves a cash purchase with potential deferred payment of an undisclosed amount. Partner Steve Clifford led the transaction. Freehills acted for AC Components. Amarchand & Mangaldas & Suresh A Shroff & Co has advised enterprise data services provider Tulip Telecom Limited (Tulip Telecom) in respect of its acquisition, thru its wholly owned subsidiary Tulip Data Centre Services Private Limited, of 100 per cent of the equity...

Allen & Gledhill has advised Bowsprit Capital Corporation Limited, as manager of First Real Estate Investment Trust, in respect of a fully underwritten five-for-four renounceable rights issue to raise gross proceeds of approximately S$172.8 million (US$134.7m). Proceeds will be utilised to part finance the acquisitions of two hospitals in Indonesia. Partners Jerry Koh, Ho Kin San and Chua Bor Jern led the transaction. Allen & Gledhill has also advised AIMS AMP Capital Industrial REIT Management Limited (AIMSAMPIREIT) , as its manager in respect of AIMSAMPIREIT’s acquisition of 27 Penjuru Lane, Singapore for approximately S$161 million (US$125.5m) from AMP Capital Business Space REIT. The acquisition was partly financed by a fully underwritten and renounceable rights issue of approximately 513.3 million new units in AIMSAMPIREIT which raised gross proceeds of S$79.6 million (US$62m). Partners Jerry Koh and Foong Yuen Ping led the transaction. Clifford Chance has advised EQT Greater China II (EQT) in respect of its acquisition of a majority stake of Qinyuan Bakery (Qinyuan), a retail bakery chain in Southwest China with a market share of approximately 40 per cent in its two main markets, namely Chongqing and Guiyang. EQT will, over a two-year period and subject to certain conditions, acquire a total of 65 per cent of Qinyuan while the founding entrepreneurs will retain the remaining 35 per cent. Beijing corporate partner Terence Foo led the transaction. Fangda Partners has represented Focus Media Holding Limited, one of China’s largest lifestyle community digital out-of-home media companies, in respect of its purchase of approximately 15.3 million newly issued common shares of VisionChina Media Inc for approximately US$61 million. The firm’s team...

Allen & Gledhill LLP has provided Singapore law advice to DBS Bank Ltd as the lead manager and to The Trust Company (Asia) Limited as the trustee in respect of CapitaMalls Asia Treasury Limited’s up to S$200 million (US$155.2m) retail bond issue guaranteed by CapitaMalls Asia Limited. Partners Margaret Chin, Cara Chan and Senior Associate Tan Ngee Hao led the transaction. Allen & Gledhill LLP has also advised Wilmar International Limited as the guarantor in respect of Sucrogen Limited’s A$600 million (US$597.4m) syndicated revolving credit facility extended by a syndicate of banks. The facility is arranged by Australia and New Zealand Banking Group Limited, The Hongkong and Shanghai Banking Corporation Limited and Cooperative Centrale Raiffeisen-Boerenleenbank BA. Partner Margaret Chin led the transaction. Allen & Overy is advising the Bank of Tokyo-Mitsubishi UFJ Ltd (BTMU), a subsidiary of Mitsubishi UFJ Financial Group Inc (MUFG) and MUFG subsidiary Mitsubishi UFJ Securities International plc (MUSI), in respect of their acquisition of a portfolio of project finance assets from Royal Bank of Scotland Group (RBS). The portfolio comprises loans and related assets worth approximately GBP3.3 billion (US$5.2b) and principally consists of natural resources, power and other infrastructure assets in Europe, the Middle East and Africa. The firm’s team was led by partner Aled Davies in Tokyo and partners Stephen Mathews and Tim Arnheim in London. AZB & Partners has advised Tata International Limited in respect of its acquisition of a 76 per cent equity stake in each of Bachi Shoes (India) Private Limited and Euro Shoe Components Private Limited. Partner Darshika Kothari led the transaction which was completed on 27 December 2010. AZB...