Clifford Chance has also advised Cofco International in respect of the acquisition of the remaining minority interest that it does not own in Nidera Capital, a major international agribusiness and trading company headquartered in the Netherlands, bringing Cofco’s ownership in Nidera to 100 percent. The original controlling interest was acquired by Cofco in 2014, on which the firm also advised. Cofco International is the overseas investment and management platform for the agribusinesses of Cofco. Co-managing partner of China Terence Foo, assisted by partners David Griston, Dirk Jan Duynstee, Richard Blewett and Anthony Wang, led the transaction which is subject to regulatory approvals. Conyers Dill & Pearman is advising Iluka Resources in respect of its proposed acquisition of Sierra Rutile, an AIM-listed BVI company with mineral sands mining operations in Sierra Leone. The takeover, which is to be implemented by way of a BVI statutory merger, is valued at approximately £215 million (US$281.7m) and is subject to approval by SRL’s shareholders and satisfaction of other customary conditions. Anton Goldstein led the transaction, working alongside Ashurst. Conyers Dill & Pearman has also acted as Cayman Islands counsel to Greenland Hong Kong Holdings in respect of its issue of US$450 million 3.875 percent notes due 2019. Greenland Hong Kong Holdings is the subsidiary of Greenland Group, a company headquartered in Shanghai, China. Partner Lilian Woo led the transaction, working alongside Davis Polk & Wardwell and Allbright Law Offices. Cyril Amarchand Mangaldas acted as sole counsel to Essar Ports in respect of the internal restructuring of its business operations by way of a composite scheme of arrangement involving Essar Ports, its wholly-owned subsidiary...

Allen & Gledhill has advised OUE Hospitality Reit Management, as manager of OUE Hospitality Real Estate Investment Trust (OUE H-Reit), in respect of OUE H-Reit’s S$205 million (US$151.9m) acquisition of the extension to Crown Plaza Changi Airport, through RBC Investor Services Trust Singapore, as trustee of OUE H-Reit. Partners Ho Kin San, Serena Choo and Chua Bor Jern led the transaction. Allen & Gledhill has also advised DBS Bank, as the facility agent, and HSBC, OCBC, Bank of China, Sumitomo Mitsui Trust Bank and Sumitomo Mitsui Banking Corp, in respect of the S$800 million (US$592.6m) facilities to DBS Trustee, trustee of Mapletree Commercial Trust. The proceeds of the facilities were used to finance the acquisition of Mapletree Business City. Partner Lim Wei Ting led the transaction. AZB & Partners is advising M3M India in respect of the acquisition of a majority stake of its subsidiary Mikado Realtors by Tata Realty and Infrastructure and Standard Chartered Real Estate Investment (Singapore) VII. Partner Hardeep Sachdeva is leading the transaction, which is valued at Rs5 billion (US$74.5m) and is yet to be completed. AZB & Partners has also advised Health Care at Home India, as the selling shareholder, and Health Impetus in respect of the acquisition of a majority stake in Health Impetus by M3. Partner Gautam Saha led the transaction which was completed on August 1, 2016. Baker & McKenzie has advised building materials company LafargeHolcim in respect of the divestment of its interest in Holcim Lanka to Siam City Cement, Thailand’s second largest cement producer, for an enterprise value of US$400 million. Holcim Lanka is a leading cement manufacturer in...

AZB & Partners is advising the Max Group, consisting of Max Life Insurance Company Ltd, Max Financial Services Ltd and Max India Ltd, in respect of the merger of the life insurance businesses of Max Group into HDFC. Partners Ajay Bahl, Anil Kasturi and Niladri Maulik are leading the transaction which is valued at approximately INR650 billion (US$9.7m) and is yet to be completed. AZB & Partners is also advising Tata Chemicals Ltd in respect of the acquisition of its Urea business by Yara Fertilisers India Private Ltd, a wholly-owned subsidiary of Yara International ASA. Partners Darshika Kothari, Rishi Gautam and Anand Shah are leading the transaction which is valued at approximately INR26.7 billion (US$399.3m) and is yet to be completed. Clyde & Co has advised Younata in respect of the sale of a majority stake in the Kalium group of companies, a well-established medical solutions provider in the Middle East and North Africa, to AVIVO Group, a unit of the private equity firm Al Masah Capital. Established 10 years ago, Kalium is one of the leading medical aesthetics solutions providers in the MENA region. It owns and operates clinics and education institutions and distributes advanced medical equipment, skin care products and aesthetic devices. AVIVO is a leading healthcare services provider in the GCC and has more than 40 healthcare facilities in MENA with plans to expand to South-East Asia. Corporate partner Naji Hawayek led the transaction. Cyril Amarchand Mangaldas is advising Yara Fertilisers India Private Ltd and Yara International ASA in respect of the proposed acquisition by Yara of Tata Chemicals Ltd’s (TCL) business of sale and distribution...

Allen & Gledhill has advised Noble Group Ltd in respect of the approximately S$718.9 million (US$533.2m) renounceable underwritten rights issue. Partners Leonard Ching and Alvin Zhuang led the transaction. Allen & Gledhill has also advised Oversea-Chinese Banking Corp Ltd as the sole lead manager and book-runner in respect of the issue of US$200 million 2.5 percent notes due 2021 under the S$3 billion (US$2.2b) multicurrency debt issuance programme by FCL Treasury Pte Ltd. Partners Ong Kangxin and Sunit Chhabra led the transaction. AZB & Partners is advising Onex Corp in respect of the India leg of its acquisition of the intellectual property and life sciences business of Thomson Reuters. Partners Ashwath Rau and Anu Tiwari are leading the transaction which was valued at approximately INR238 billion (US$3.56b) and is yet to be completed. AZB & Partners has also advised International Finance Corp (IFC) in respect of the issuance on a private placement basis to IFC of secured, rated, listed, redeemable, non-convertible debentures by Aptus Value Housing Finance India Ltd. Partners Gautam Saha and Amrita Patnaik led the transaction which was completed on 27 July 2016. Corrs Chambers Westgarth has advised Aurizon Holdings in respect of the sale of its 33 percent equity stake in the proposed Moorebank Intermodal Terminal. Aurizon sold its holding to Qube Holdings, which currently has a 67 percent stake, for A$98.9 million (US$75.3m). Aurizon and Qube had initially formed the Sydney Intermodal Terminal Alliance to develop the Moorebank terminal in south western Sydney, Australia. The firm also advised the company on its joint venture arrangements with Qube for the Moorebank project in 2015. The sale...

Allen & Gledhill has advised Oil and Natural Gas Corp Ltd, through its wholly-owned Singapore-incorporated subsidiary Videsh Vankorneft Pte Ltd, in respect of the issue of US$400 million 2.875 percent senior notes due 2022 and US$600 million 3.75 percent senior notes due 2026. Partner Glenn Foo led the transaction. AZB & Partners has advised Jaydev Mody in respect of its acquisition of 65 percent shares in Goan Football Club Pvt Ltd. Partners Zia Mody and Anand Shah led the transaction which was completed on 22 July 2016. AZB & Partners has also advised Max Ventures and Industries Ltd in respect of its acquisition of approximately 11 percent equity share capital of Azure Hospitality Private Ltd. Partners Anil Kasturi and Aparna Mittal led the transaction which was valued at approximately INR335 million (US$5m) and was completed on 19 July 2016. Colin Ng & Partners has advised United Overseas Bank Ltd as the sponsor, issue manager and placement agent in respect of the IPO of Wong Fong Industries Ltd on the Catalist Board of the SGX-ST. The IPO, by way of placement of 43 million shares in the capital of Wong Fong Industries at S$0.23 (US$0.17) per share, raised approximately S$8 million (US$6m) in net proceeds. Following the IPO, Wong Fong Industries’ market capitalisation is approximately S$54.1 million (US$40.4m), based on the issue price and post-placement share capital of 235 million shares. With origins which can be traced back to 1964, Wong Fong Industries is one of Singapore’s leading providers of land transport engineering solutions and systems and has a presence in Singapore, Malaysia and China. Joint managing partner Tan Min-Li...