Allen & Gledhill LLP has advised Dolphin Acquisitions Pte Ltd (Dolphin) in respect of its proposal to privatise Soilbuild Group Holdings Ltd (Soilbuild) by way of a voluntary delisting from the Official List of the SGX. Under the delisting, Dolphin will offer S$0.80 (US$0.62) in cash per share to all the shareholders of Soilbuild, other than the shares already held by Dolphin, its related corporations or their respective nominees. In addition, Dolphin will make an offer for the free detachable warrants which were issued by Soilbuild as part of its rights issue of new shares. The deal is valued at approximately S$425 million (US$328m). Partners Andrew Lim and Christopher Koh led the transaction. WongPartnership LLP, led by partners Mark Choy and Quak Fi Ling, advised Soilbuild Group Holdings Ltd. Allen & Gledhill LLP has also advised Golden Concord Asia Limited in respect of the completion of the secondary placement of 120.5 million existing ordinary shares in the capital of Overseas Union Enterprise Limited. The placement raised gross proceeds of S$337.4 million (US$261m). The underwriters for the placement were CIMB Securities (Singapore) Pte Ltd, Credit Suisse (Singapore) Limited, Merrill Lynch (Singapore) Pte Ltd, Morgan Stanley Asia (Singapore) Pte and Standard Chartered Securities (Singapore) Pte Limited. Partners Tan Tze Gay, Yeo Wico and Lim Wei Ting led the transaction. AZB & Partners has advised Axis Bank Limited, acting through its Dubai International Financial Centre branch, in respect of the establishment of a program for the issuance of commercial paper notes in the United States of America, which are fully supported by a direct-pay letter of credit in an amount up to...

Allen & Gledhill LLP has advised Singapore Airlines Limited and the underwriters in respect of the company’s S$300 million (US$230m) offering in aggregate principal amount of 2.15 percent bonds due 2015. The offer was made to the public in Singapore by way of ATMs, in addition to institutional and other investors. DBS Bank Ltd, Oversea-Chinese Banking Corporation Limited and United Overseas Bank Limited are the coordinating bookrunners of the offer and bookrunners and underwriters of the public offer. Together with Standard Chartered Bank, they are also the joint lead managers, bookrunners and underwriters of the placement. The firm’s advisory team included partners Margaret Chin, Cara Chan, Au Huey Ling and Magdalene Leong. A team from Linklaters LLP, led by partner Arun Balasubramanian, provided US law advice to Singapore Airlines. Allen & Gledhill LLP has also advised a fund managed by Alpha Investment Partners Limited (AIP Fund) in respect of its acquisition of the entire shareholding of KAG 2 Holding SG Pte Ltd – which owns several units in the “Draycott Eight” condominium development – from a German core fund managed by Morgan Stanley. Partners Richard Young and Tan Yah Piang led the firm’s advisory team. Allens Arthur Robinson has advised Commonwealth Bank of Australia and Macquarie Capital Advisers, as the joint lead managers, in respect of DBP Finance Co Pty Limited’s A$550 million (US$537m) domestic bond issue. The issue was comprised of A$400 million (US$391m) floating-rate notes and A$150 million (US$146m) fixed-rate notes due September 2015. The transaction represents the largest domestic unwrapped bond deal by a non-financial issuer in a number of years. Partner James Darcy led the...

Allens Arthur Robinson has advised Equity Trustees Limited (ETL), a publicly-listed financial services provider, in respect of its agreement with Wesfarmers Group’s OAMPS Limited to acquire the OAMPS Super Fund. The acquisition will add about A$265 million (US$257m) in funds under management to ETL’s superannuation business, EquitySuper. The agreed purchase price was approximately A$10 million (US$9.7m), which included net assets, management rights and goodwill. Corporate partner Craig Henderson led the firm’s advisory team. Middletons acted for OAMPS Limited. Allens Arthur Robinson has also advised the Victorian Department of Transport in respect of the procurement of 50 new low-floor trams, valued at approximately A$350 million (US$340m), for the state’s expanding public transport system. The procurement is part of an A$807 million (US$783m) investment by the Victorian Government, which will include a new tram maintenance and storage depot at Preston in Melbourne. The firm’s team was led by partner Paul Kenny. AZB & Partners is advising Tata Consultancy Services (TCS) in respect of its acquisition of the entire share capital of SUPER VALU India Services Private Limited (Supervalu) from SUPER VALU Services USA and SUPER VALU India Inc. Supervalu provides IT, infrastructure and shared services as well as financial analysis, data management and production support to SUPER VALU Services USA and SUPER VALU Inc. Partner Vishnu Jerome is leading the transaction, which is scheduled to close on 8 October 2010. Davis Polk & Wardwell LLP is advising Canon Investment Holdings (Canon) in respect of its proposed acquisition of a majority interest in Nasdaq-listed Altair Nanotechnologies Inc (Altair). Under the proposed agreement, Canon will purchase newly issued common shares, representing 51 percent...

Allen & Gledhill LLP is advising Auric Pacific Group Limited (APGL) and Auric Pacific Real Estate Fund (Auric Fund) in respect of APGL’s establishment of Auric Fund, a closed-end private real estate fund. Auric Fund is an opportunistic private equity fund targeted at sophisticated and/or institutional investors which will invest in real estate and real estate-related assets globally, with a fund size of up to S$100 million (US$75m). The fund size can be expanded to more than S$100 million (US$75m), subject to the approval of investors. Partners Jerry Koh and Long Pee Hua are leading the transaction. Allen & Gledhill LLP is also acting as Singapore counsel and listing agent to Country Garden Holdings Company Limited in respect of its issuance of US$400 million 10.5 percent senior notes due 2015. The notes were listed on the SGX-ST. Partner Tan Tze Gay is leading the transaction. Allens Arthur Robinson has acted for GIC Real Estate (GIC), the real estate arm of the Government of Singapore Investment Corporation, in respect of the purchase of a portfolio of industrial properties from the Salta Property Group. The transaction represents GIC’s first direct investment in Australian industrial property and is one of the most significant industrial transactions in Australia this year. Partner Nicholas Cowie led the firm’s advisory team. Logie-Smith Lanyon advised Salta Property Group. AZB & Partners is representing Nurture Health Services Private Limited in respect of its proposal to initially acquire approximately 90 percent of the shareholding of iCare Health Projects & Research Private Limited (iCare). iCare is proposing to develop and run an integrated health care campus, including residential and commercial...

Allen & Gledhill LLP has advised Neptune Orient Lines Limited (NOL) in respect of its issue of S$280 million (US$209m) 4.65 percent notes due 2020 under its US$1.5 billion Euro medium term note programme. The sole lead manager and bookrunner for the notes was DBS Bank Ltd. Partners Tan Tze Gay and Glenn Foo acted on the matter. Allen & Gledhill LLP has also advised DBS Bank Ltd in respect of its issue of US$1 billion 2.375 percent notes due 2015 under its US$10 billion debt issuance programme. The joint lead managers for the notes are Barclays Bank PLC Singapore Branch, DBS Bank Ltd and Merrill Lynch (Singapore) Pte Ltd. Partner Glenn Foo led the transaction. Allens Arthur Robinson has acted for joint lead managers Macquarie Capital Advisers Limited and UBS AG Australia Branch in respect of Mirabela Nickel Limited’s (Mirabela) recently announced US$165 million capital raising. The deal was a global offer involving both conditional and unconditional tranches, and included an offer of shares listed on both the Australian Securities Exchange and the Toronto Stock Exchange. The funds raised will be used to prepay Mirabela’s senior debt facility and expand the company’s world-class Santa Rita nickel sulphide mine in Brazil. Robert Pick, co-head of the firm’s equity capital markets team, led the advisory team, whilst Sidley Austin and Cassels Brock & Blackwell LLP acted as US and Canadian counsel respectively. Hardy Bowen was Australian counsel to Mirabela Nickel Limited, with Paul, Weiss, Rifkind, Wharton & Garrison LLP and Lawson Lundell LLP respectively providing the company with US and Canadian advice. AZB & Partners has advised the Michael &...