SE Asia Deals: IFC invests $723 mln in Flexituff

Jurisdiction – India

Firm	Deal	Value	Client	Lawyer(s) involved
Amarchand Mangaldas & Suresh A. Shroff and Co	International Finance Corp’s investment in Flexituff International	Rs. 43.75 crores ($714 million) for the equity subscription. $9 million for the FCCB subscription.	International Finance Corp	Ravindra Bandhakavi, Shweta Shroff Chopra (Partners) Vaibhav Kothari, Swagata Bhattacharya, Harman Singh Sandhu (Principal associates) Apurva Rai (Senior associate) Parnika Malhotra, Ishan Jhingran, Sangeetha Mugunthan (Associates)
ALMT Legal	International Finance Corp’s investment in Flexituff International	Rs. 43.75 crores ($714 million) for the equity subscription. $9 million for the FCCB subscription.	Flexituff International Ltd
AZB Partners	Indian Railway Finance Corp’s issue of 3.917 percent notes to be listed on the SGX	$500 million	Indian Railway Finance Corp Ltd	Varoon Chandra (Partner)
AZB Partners	International Finance Corp’s investment in Flexituff International	Rs. 43.75 crores ($714 million) for the equity subscription. $9 million for the FCCB subscription.	TPG Growth II SF Pte Ltd
AZB & Partners	KfW Frankfurt am Main’s loan grant to Ford India	Rs. 7.10 billion ($115 million)	KfW Frankfurt am Main, Germany	Bahram Vakil (Partner) Debashree Dutta (Associate)
AZB & Partners	Montblanc Services B.V. Netherlands’ joint venture with Titan Industries	Undisclosed	Montblanc Services B.V. Netherlands
AZB & Partners	Muthoot Finance’s public issue of secured and unsecured non-convertible debentures	Rs. 5 billion ($83 million)	Muthoot Finance Ltd	Srinath Dasari (Partner)
AZB & Partners	Parsvnath Estate Developers’ issue of rated, listed, secured, redeemable non-convertible debentures	Rs. 2.10 billion ($34 million)	Proprium Finance Coöperatief U.A.	Sai Krishna Bharathan (Partner) Pallavi Satpute, Nayantara Menon (Associates)
AZB & Partners	Reat Estate Opportunities Trust’s acquisition of Assetz Property & Homes’ non-convertible debentures	Rs. 240 million ($6 million)	Assetz Property & Homes LLP	Anind Thomas (Partner) Vydyanathan L. (Associate)
Economics Law Practice	Montblanc Services B.V. Netherlands’ joint venture with Titan Industries	Undisclosed	Titan Industries Ltd	Vinayak Burman (Associate partner) Archana Khosla (Associate manager) Trishna Sharma, Shubhra Sharma (Associates)
HSA Advocates	Development of the Vizhinjam International Deepwater Multipurpose Seaport	$1 billion	Vizhinjam International Deepwater Multipurpose Seaport, Kerala
Indus Law	eBay Singapore’s investment in Jasper Infotech	$134 million	Jasper Infotech Pvt Ltd	Srinivas Katta (Partner) Rashi Saraf, Sherrill Pal (Associates)
J. Sagar Associates	eBay Singapore’s investment in Jasper Infotech	$134 million	eBay Singapore	Vivek Chandy (Partner) Archana Tewary (Senior associate) Siddharth Vedula (Associate)
Khaitan & Co	Foliage Software Systems’ and Vignani Technologies’ acquisition by Altran Solutions Corp	Undisclosed	Foliage Software Systems Business Trust	Daksha Baxi (Executive director) Aakash Choubey (Lead partner)
Khaitan & Co	Jindal India Powertech’s reduction, restructuring and reorganisation of its capital and unsecured loans	N/A	Jindal India Powertech Ltd	Sharad Vaid (Partner)
Khaitan & Co	SREI Infrastructure Finance’s public issue of secured redeemable non-convertible debentures	Rs. 1,000 million ($16.3 million)	SREI Infrastructure Finance Ltd	N. G. Khaitan (Partner)
KLaw	eBay Singapore’s investment in Jasper Infotech	$134 million	Some existing investors of Jasper Infotech Pvt Ltd	Praveen Raju (Partner)

Jurisdiction – Indonesia

Firm

Deal

Value

Client

Lawyer(s) involved

Soewito Suhardiman Eddymurthy Kardono

Woori Bank of South Korea’s purchase of a 33 percent stake in Bank Himpunan Saudara 1906 (Indonesia)

713.1 billion rupiah

($61 million)

Woori Bank of South Korea

Fahrul Yusuf

(Partner)

Bezaliel Basuki

(Senior associate)

Jurisdiction – Philippines

Firm

Deal

Value

Client

Lawyer(s) involved

Latham & Watkins

MCE Leisure (Philippines) Corp’s issue of 5 percent senior notes due 2019

PHP15 billion ($330 million)

Melco Crown Entertainment Ltd

Bryant Edwards, Eugene Lee

(Partners)

Benjamin Carale

(Counsel)

Helena Kim,

Eric Yiu

(Associates)

Latham & Watkins

SMC Global Power Holdings Corp’s issue of 7 percent notes due 2016

$300 million

SMC Global Power Holdings Corp

Benjamin Carale

(Counsel)

Wally Suphap

(Associate)

Jurisdiction – Singapore

Firm	Deal	Value	Client	Lawyer(s) involved
Allen & Gledhill	Disposal of all the subsidiaries of Jaya Holdings	S$625 million ($494.4 million)	1.Mermaid Marine Australia Ltd 2.Mermaid Marine Asia Pte Ltd	Lim Mei, Sharon Wee (Partners)
Allen & Gledhill	Top Global’s acquisition of interest in PT Suryamas Dutamakmur Tbk	S$153 million ($121 million)	Top Global Ltd	Christopher Ong, Sharon Wee, Hilary Low (Partners)
Allen & Gledhill	Yang Guang Co’s acquisition of interest in Coralvest and Merino	$309.04 million	Recosia China Pte Ltd
Bingham McCutchen	eBay Singapore’s investment in Jasper Infotech	$134 million	eBay Singapore	William Perkins (Partner) Kristen Ferris (Counsel)
Rajah & Tann	Mr. Wang Wan Fa’s acquisition of 3,415,432 issued and paid-up common stock in Medtecs (Taiwan) Corp’s capital	$0.05 per consideration share	Medtecs (Taiwan) Corp
Rajah & Tann	Voluntary conditional cash partial offer by Mr. Ng Hock Ching to acquire 10.3 percent of the total number of issued ordinary shares in Fu Yu Corp’s capital	S$6.3 million (~$5 million)	Fu Yu Corp	Danny Lim (Partner) Bernia Tan
Rajah & Tann	Yang Guang Co’s acquisition of interest in Coralvest and Merino	$309.04 million	Yang Guang Co Ltd	Danny Lim, Chia Lee Fong (Partners) Caitlin Huang (Associate)