Bakers and L&L on KKR’s $4.3 bln beauty business acquisition, Freshfields, Sidley, Simpson and Links on Yum China’s $2.2 bln secondary listing, and much more in this week’s Asia Deals roundup.

Shardul Amarchand Mangaldas and Khaitan & Co. have advised India’s Reliance Retail Ventures on its purchase of retail businesses of conglomerate Future Group for 247.13 billion rupees ($3.38 billion). The seller was represented by Trilegal and Wadia Ghandy & Co.

Freshfields Bruckhaus Deringer and Jingtian & Gongcheng have advised Chinese bottled water and beverage company Nongfu Spring's on its $1.08 billion initial public offering on the Hong Kong Stock Exchange, with Clifford Chance and Tian Yuan Law Firm representing the joint sponsors and underwriters.

Cyril Amarchand Mangaldas and Talwar Thakore & Associates have represented Bharti AXA General Insurance and Bharti General Ventures on the demerger of Bharti AXA’s general insurance business with ICICI Lombard General Insurance, which was counselled by AZB & Partners.

Allen & Gledhill on HSBC’s $5.1 bln EMTN programme, Khaitan, AZB, CAM, and Nishith Desai on BCI’s $3.4 bln acquisition, and much more in this week’s Asia Deals roundup.

Zaid Ibrahim & Co has advised Axiata Group, the largest Asian telecommunications group, on its dual offering of $500 million 10-year trust certificates and $1 billion 30-year senior notes, with Clifford Chance and Adnan, Sundra & Low representing the arrangers and the bookrunners.

Simpson Thacher & Bartlett and Fangda Partners are advising Chinese fintech firm Ant Group on its planned $30 billion initial public offering in Hong Kong and Shanghai, with Freshfields Bruckhaus Deringer and King & Wood Mallesons counselling the joint sponsors.

Angara Abello Concepcion Regala & Cruz Law Offices (ACCRALAW), Allen & Overy and Dechert advised the Ayala Land-backed AREIT on its $276.65 million IPO, with Picazo Buyco Tan Fider & Santos Law Offices and Latham & Watkins representing the lead managers and book runners.

Simpson Thacher & Bartlett and Anderson Mori & Tomotsune have represented Blackstone in its 242 billion yen ($2.3 billion) acquisition of Takeda Consumer Healthcare, which turned to Nishimura & Asahi for advice.