AZB & Partners is advising Decision Point on the Rs3.2 billion (US$38.3m) acquisition by LatentView Analytics of Decision Point. Partners Aarthi Sivanandh and Bhavana Alexander are leading the firm’s team in the transaction, which was signed on March 28, 2024 and is yet to be completed. AZB & Partners has also advised Sterlite Power Transmission on the Rs75 billion (US$898.2m) acquisition of 49 percent stake by GIC Infra Holdings affiliates Stretford End Investment and Anahera Investment in Sterlite Power Transmission. Partners Zia Mody, Ashwath Rau and Atreya Bhattacharya led the firm’s team in the transaction, which was completed on March 26, 2024. Moreover, AZB & Partners has advised Sterlite Power Transmission on the acquisition by SGL 32, a joint venture company set up by Sterlite Power Transmission with GIC Infra Holdings, of Kishtawar Transmission, Nangalbibra Bongaigaon Transmission and Fatehgarh III Beawar Transmission from Sterlite Power Transmission. Partners Ashwath Rau and Atreya Bhattacharya led the firm’s team in the transaction, which was completed on March 28, 2024. Cyril Amarchand Mangaldas has advised Adani Ports and Special Economic Zone (APSEZ) on its acquisition of 95 percent stake, comprising of 56 percent from SP Port Maintenance and 39 percent from Orissa Stevedores, of Gopalpur Ports from the existing shareholders. The investment is in line with APSEZ’s strategy of East Coast to West Coast parity. Partner Surya Sreenivasan, supported by partners Paridhi Adani, Surya Sreenivasan, Ankita Ray, Monark Gahlot and Kirthi Srinivas, led the firm’s team in the transaction, which was signed on March 25, 2024. Davis Polk has advised Lianlian DigiTech on its IPO and listing in Hong Kong and Rule 144A...

Allen & Gledhill has acted as Singapore counsel to Mitsui & Co on the US$360 million acquisition of a 20 percent stake in the world’s largest shrimp farming company, Ecuador-based Industrial Pesquera Santa Priscila (IPSP), through a Singapore holding company owned by IPSP’s founders. Partners Gabriel Lee and Sunit Chhabra led the firm’s team in the transaction. Allen & Gledhill has also advised Daiwa House Asset Management Asia, as manager of Daiwa House Logistics Trust, on the acquisition of 100 percent of capital contribution in a target company owning a cold storage logistics facility with a net lettable area of 18,465 sqm in Tan Duc Industrial Park, Long An Province, Vietnam. The agreed property value for the purpose of this acquisition is Vnd483 billion (US$19.4m). The transaction comprises multiple legal aspects under Singapore and Vietnam jurisdictions, including the property transfer through a share acquisition of a property holding company, the novation/transfer of shareholder loans extended to the target company from the seller to the buyer, capital market regulations and merger filing clearance. Singapore partners Foong Yuen Ping and Victoria Leong and Vietnam managing partner Oh Hsiu-Hau and partner Tran Thi Phuong Thao led the firm’s team in the transaction. Moreover, Allen & Gledhill has advised Penguin Securities Holdings on a series seed financing round led by Daiwa Securities Group, a Japanese investment bank and one of the largest securities brokerages in Japan. A Singapore-headquartered financial services and digital assets startup co-founded by Yuya Kuratomi, Kentaro Kawabe and Sho Setoguchi, Penguin Securities Holdings offers institutional-grade cryptocurrency derivative investment products with innovative structures using cutting edge and the traditional finance. Partner...

Allen & Gledhill has advised the Housing and Development Board (HDB) on the issue of S$700 million (US$521.6m) fixed rates notes due 2031, under its S$32 billion (US$23.8b) multicurrency medium term note programme. Partners Margaret Chin and Sunit Chhabra led the firm’s team in the transaction. Allen & Gledhill has also advised Gateway Partners on leading the US$32 million pre-Series B financing round of UNOAsia, the parent company of Uno Digital Bank in the Philippines. Gateway Partners is an emerging markets manager investing responsibly across the fast-growing markets of Africa, Middle East, South and Southeast Asia. One of six digital bank licence holders in the Philippines, Uno Digital Bank offers savings, transactions, investment products and insurance services to the growing bankable population in the Philippines. Partners Julian Ho and Jonathan Choo led the firm’s team in the transaction. Moreover, Allen & Gledhill has advised Openspace Ventures, a leading Southeast Asian venture capital firm, on its investment in the US$10 million series seed financing round of LXA, a Singapore-headquartered fintech company geared towards matching institutional capital pools and residential mortgage borrowers. LXA is targeting the mortgage ecosystem in Asia, and its platform aims to utilise end-to-end technology to streamline the entire mortgage lifecycle, from loan origination and borrower processing to loan servicing. Partners Julian Ho and Adrian Ang led the firm’s team in the transaction. AZB & Partners has advised Hyatt Hotels and its affiliates, including one of the promoters of Juniper Hotels, and Two Seas Holdings on the IPO via a fresh issuance of 50 million equity shares by Juniper Hotels aggregating to Rs18 billion (US$217m). The prospectus was filed...

Allen & Gledhill has advised Eurofins Food Testing Lux Holding, a wholly-owned subsidiary of Eurofins Assurance Lux Holding SARL, on the acquisition of approximately 1.14 million ordinary shares in The Superintendence and Inspection of Coffee and Products for Export and Import (Cafecontrol), one of leading companies in testing and support service industry in Vietnam. In addition, Eurofins shall enter into an option agreement, in which Eurofins will be entitled to acquire additional shares from the sellers in Cafecontrol. Following completion of the transaction, Eurofins shall hold at least 67 percent and up to 95 percent of total ordinary shares in Cafecontrol. Vietnam partner Tran Ngoc Hoang Phuong led the firm’s team in the transaction. Allen & Gledhill has also advised Phu My 3 Bot Power Company (PM3) on the project transfer process and the post-transfer liquidation process Phu My 3 BOT Thermal Power Plant (PM3 Plant) to the Ministry of Industry and Trade (MOIT) and Vietnam Electricity (EVN). The PM3 Plant, a combined-cycle gas turbine power plant that uses domestic gas sources to operate, was developed by PM3, which was a joint venture among Sembcorp Utilities, Kyuden International and Sojitz. Upon completion of the transfer to the MOIT and EVN, the PM3 Plant is expected to contribute around 4.6 billion kWh to the national electricity system. Vietnam partner Jonathan Lin led the firm’s team in the transaction. AZB & Partners is advising BTS Investments 1 (Bodhi Tree) on the Rs374.2 billion (US$4.5b) acquisition of Star India (Disney Star) by Reliance Industries and Viacom18 Media, a joint venture between Reliance Industries and Bodhi Tree. Partners Ashwath Rau and Kashish Bhatia...

Allen & Gledhill has acted as transaction counsel to Wavemaker Pacific 4 on leading the US$3 million series seed round investment in Singapore-headquartered customer data platform Meiro, which helps brands use customer data to significantly improve customer experience and marketing campaign performance, empowering brands to gain a holistic understanding of customer preferences and behaviours across various touchpoints and ultimately maximizing customer satisfaction and business profitability. Partner Nicholas Soh led the firm’s team in the transaction. Allen & Gledhill has also acted as transaction counsel to ARA Trust Management (Suntec), as manager of Suntec Real Estate Investment Trust (Suntec REIT), on the S$950 million (US$707m) sustainability-linked term loan facility to HSBC Institutional Trust Services (Singapore), as trustee of Suntec REIT. Partner Jafe Ng led the firm’s team in the transaction. Moreover, Allen & Gledhill has also advised Temasek Financial (I) and Temasek Holdings on the issue of Rmb750 million (US$104m) 3.2 percent guaranteed notes due 2029, under the US$25 billion guaranteed global medium term note programme established by Temasek Financial (I). The notes are unconditionally and irrevocably guaranteed by Temasek Holdings and is its inaugural issuance of offshore renminbi- denominated bonds. Partners Yeo Wico, Wu Zhaoqi, Kern Wong and Sunit Chhabra led the firm’s team in the transaction. AZB & Partners has advised Aegon India Holding on the acquisition by Bandhan Financial Holdings of 95.8 percent equity stake of Aegon Life Insurance from Aegon India Holding and Bennett Coleman & Company. Partners Darshika Kothari, Nandish Vyas, Kritika Agarwal, Nandan Pendsey, Nishanth Ravindran, Gaurav Bansal and Aditya Singh Chandel led the firm’s team in the transaction, which was completed on February...