Allen & Gledhill has advised IOI Consolidated (Singapore), a wholly-owned subsidiary of IOI Properties Group, on the acquisition by IOI from Ascent View Holdings, a wholly- owned subsidiary of City Development, of a 50.10 percent interest in Scottsdale Properties, the registered proprietor of the commercial components of the South Beach mixed-use integrated development. The acquisition completed on September 1, 2025. Following completion, IOI holds 100 percent equity interest in Scottsdale. The purchase consideration is based on Scottdale’s consolidated net assets, which factors in an agreed property value of S$2.75 billion (US$2.15b) for the South Beach Property. Partners Jerry Koh, Richard Young, Ho Kin San, Teh Hoe Yue, Ong Kangxin, Shalene Jin, Zhao Jiawei and Victoria Leong led the firm’s team in the transaction. Allen & Gledhill has also advised Oversea-Chinese Banking Corporation on the issue of US$1 billion 4.55 percent subordinated notes due 2035, under its US$30 billion global medium term note program. Partner Glenn David Foo led the firm’s team in the transaction. Moreover, Allen & Gledhill has advised DBS Bank and Oversea-Chinese Banking Corporation on the issue of S$300 million (US$234m) 2.65 percent notes due 2035 by NetLink Treasury, under its S$1 billion (US$781m) multicurrency debt issuance programme. The notes are unconditionally and irrevocably guaranteed by NetLink NBN Management, as trustee-manager of NetLink NBN Trust. Partners Margaret Chin, Delwin Singh and Sunit Chhabra led the firm’s team in the transaction. AZB & Partners is advising Pacific Avenue Capital Partners on its acquisition of Pick Your Part (PYP), including its Indian entity PYP India, from LKQ Corp and LKQ India. Partner Nandita Govind is leading the firm’s team in the transaction, which...

Allen & Gledhill has also advised DBS Bank and United Overseas Bank, as mandated lead arrangers, on the S$840 million (US$655m) term loan facility to IOI Consolidated (Singapore). The facility will be used to finance the acquisition of 50.1 percent of the share capital of Scottsdale Properties, whose wholly-owned subsidiary, South Beach Consortium, is the registered proprietor of the iconic South Beach mixed-used integrated development. Following completion, IOI holds 100 percent equity interest in Scottsdale. Partners Lim Wei Ting and Andy Chee led the firm’s team in the transaction, which was completed on September 1, 2025. Moreover, Allen & Gledhill has advised CapitaLand Ascendas REIT Management, as manager of CapitaLand Ascendas REIT, on the issue of S$700 million (US$545m) 2.343 percent green notes due 2032, under the S$7 billion (US$5.45b) euro medium term securities programme established by HSBC Institutional Trust Services (Singapore), as trustee of CapitaLand Ascendas REIT Management. The notes were issued under CapitaLand Ascendas REIT’s Green Finance Framework. The framework is line with the International Capital Market Association’s Green Bond Principles 2021, and the Loan Market Association, the Asia Pacific Loan Market Association and the Loan Syndications and Trading Association’s Green Loan Principles 2023. The framework guides CapitaLand Ascendas REIT in the allocation and management of the proceeds raised from the issuance, as well as future green financing transactions. Partners Margaret Chin and Sunit Chhabra led the firm’s team in the transaction. AZB & Partners has advised Amansa Investments on its Rs2.5 billion (US$28.4m) acquisition of stake in Rubicon Research from General Atlantic Singapore RR. Partner Vaidhyanadhan Iyer led the firm’s team in the transaction, which was...

Allen & Gledhill has advised DBS Bank, Oversea-Chinese Banking Corporation, Bank of China Singapore Branch and Industrial and Commercial Bank of China Singapore Branch on the S$830 million (US$645m) term, revolving and bank guarantee facilities to OUE Allianz Bayfront. The facilities are aligned with the Green Loan Principles, and will be used to refinance borrowings relating to OUE Bayfront. Partners Lim Wei Ting and Ernest Teo led the firm’s team in the transaction. Allen & Gledhill has also advised Astrea 9 on the issue of S$615 million (US$477m) Class A-1 secured fixed rate bonds due 2040, US$200 million Class A-2 secured fixed rate bonds due 2040, and US$100 million Class B PIK secured fixed rate bonds due 2040. The bonds are the sixth issuance of retail bonds in Singapore backed by cash flows from private equity funds. Partners Yeo Wico, Jeanne Ong, Andrew Chan, Jo Tay and Lim Pek Bur led the firm’s team in the transaction. Moreover, Allen & Gledhill has advised Emerald Technology Ventures on leading the S$8 million (US$6.2m) investment in SG Enviro, a Singapore-based industrial wastewater engineering firm. Partners Julian Ho, Alexander Yap and Lim Pek Bur led the firm’s team in the transaction, while AGI Legal, led by partners Aris Budi Prasetiyo and Elsie Frieska Hakim, advised on Indonesian law aspects. AZB & Partners is advising Wipro on its Rs32 billion (US$363m) acquisition from Harman International Industries of Harman’s Digital Transformation Solutions (DTS) business unit. Partners Srinath Dasari, Bhuvana Veeraragavan, Bharat Budholia and Aditya Singh Chandel are leading the firm’s team in the transaction, which was signed on August 21, 2025 and is yet...

Allen & Gledhill has advised Temasek Financial (I) and Temasek Holdings on the issue of US$750 million 3.75 percent guaranteed notes due 2027, and US$750 million guaranteed floating rate notes due 2027, under their US$25 billion guaranteed global medium term note programme. The notes are unconditionally and irrevocably guaranteed by Temasek Holdings. Partners Yeo Wico, Wu Zhaoqi, Kern Wong and Sunit Chhabra led the firm’s team in the transaction. Allen & Gledhill has also advised Temasek Financial (I) and Temasek Holdings on the issue of offshore Rmb1.5 billion (US$209m) 1.85 percent guaranteed notes due 2030, offshore Rmb2 billion (US$279m) 2.05 percent guaranteed notes due 2035, and offshore Rmb2 billion (US$279m) 2.55 percent guaranteed notes due 2055, under their US$25 billion guaranteed global medium term note programme. The notes are unconditionally and irrevocably guaranteed by Temasek Holdings. Partners Yeo Wico, Wu Zhaoqi, Kern Wong and Sunit Chhabra also led the firm’s team in the transaction. Moreover, Allen & Gledhill has advised DBS Bank on the issue of Rmb3.5 billion (US$488m) 1.92 percent senior unsecured notes due 2028, under its US$30 billion global medium term note programme. Partners Glenn David Foo and Maree Quinn (foreign law) led the firm’s team in the transaction. AZB & Partners is advising existing investor TPG on participating, along with other investors, in the Rs14.7 billion (US$167m) acquisition of stake in Fractal Analytics. Partners Vaidhyanadhan Iyer and Jeet Chaudhuri are leading the firm’s team in the transaction, which was signed on July 1, 2025 and is yet to be completed. AZB & Partners has also advised Electrolux Home Products (Electrolux AB) on its sale of Kelvinator to Reliance Retail. Partners...

Allen & Gledhill has advised Oversea-Chinese Banking Corporation, acting through its Sydney Branch, on the issue of A$1 billion (US$649m) floating rate green notes due 2028, under its US$30 billion global medium term note programme. The net proceeds of the notes will be allocated towards the financing or refinancing of new or existing qualifying assets, which meet the eligibility criteria for green bonds under OCBC’s sustainability bond framework. Partner Glenn David Foo led the firm’s team in the transaction. Allen & Gledhill has also advised the Housing and Development Board on the issue of S$700 million (US$545m) fixed rate notes due 2032, under its S$42 billion (US$33m) multicurrency medium term note programme. Partners Margaret Chin and Sunit Chhabra led the firm’s team in the transaction. Moreover, Allen & Gledhill has advised Granite Asia on leading the US$2 million investment in Mamame Whole Foods, an Indonesian brand that aims to revolutionise the snack industry with its innovative, healthy and sustainable snack, that combines the rice tradition of Indonesian tempeh with modern dietary needs in the form of tempeh chips. Partners Julian Ho and Eugene Ho led the firm’s team in the transaction, while AGI Legal, led by partner Aris Budi Prasetiyo, advised on Indonesian law aspects. AZB & Partners is advising Dilip G Piramal and family, the promoters and promoter group of VIP Industries, on the Rs38.8 billion (US$446m) sale of stake by DGP Securities, Kemp & Co, Kiddy Plast, Piramal Vibhuti Investments and Alcon Finance & Investment in VIP industries to Multiples Private Equity Fund IV, Multiples Private Equity Gift Fund IV, Samvibhag Securities, Mithun Padam Sacheti and Siddhartha...