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Asia Deals: Week of May 24

BY Rowena Muñiz |

S&R Associates Embassy’s deal with Blackstone, Latham on Vietnam’s largest conglomerate in $500 mln offering, and much more in this week’s Asia Deals table.
Davis Polk, AHP, A&O act as Gojek, Tokopedia announce merger plans

BY Asian Legal Business《亚洲法律杂志》, Reuters |

Davis Polk & Wardwell and Assegaf Hamzah & Partners are advising Indonesian ride-hailing and payments firm Gojek on its planned merger with the country’s e-commerce leader Tokopedia, which is being represented by Allen & Overy.
SAM, AZB act on Swiggy’s $800 mln fundraising

BY Aparna Sai |

Shardul Amarchand Mangaldas has advised Indian food-delivery app Swiggy on its $800 million fundraising round, which now values the company at $5 billion, with AZB & Partners representing Qatar Holding, one of the investors.
India: AZB acts on Byju’s $1 bln fundraising round

BY Aparna Sai |

AZB & Partners has advised SLP Beta Cayman (Silver Lake) as one of the investors in Indian online learning platform Byju’s $1 billion fundraising round, which values the company at $15 billion.
White & Case represents Panasonic on largest acquisition in a decade

BY Aparna Sai |

White & Case has advised Japan’s Panasonic Corporation on the purchase of the remaining 80 percent of U.S. supply-chain software company Blue Yonder for $5.6 billion.
Skadden advises HR firm on biggest Japan IPO since 2018

BY Aparna Sai |

Skadden, Arps, Slate, Meagher & Flom has counselled human resources firm Visional Inc. on its 66.88-billion-yen ($618 million) IPO on the Tokyo Stock Exchange Mother’s market.
Skadden, Latham act on Trip.com’s $1.09 bln secondary listing

BY Aparna Sai |

Skadden, Arps, Slate, Meagher & Flom and Commerce & Finance Law Offices have counselled travel website Trip.com on its $1.09 billion secondary listing on the Hong Kong Stock Exchange, with Latham & Watkins and Jingtian & Gongcheng advising the joint sponsors and the underwriters.
CAM, IndusLaw, Sidley act on Indian real estate firm’s $331 mln IPO

BY Aparna Sai |

Cyril Amarchand Mangaldas has represented Indian real estate company Macrotech Developers on its 25-billion-rupee ($331 million) IPO on the BSE and NSE, with IndusLaw and Sidley Austin advising the lead managers.
Induslaw advises India unicorn Mohalla Tech on $502 mln funding round

BY Aparna Sai |

IndusLaw has counselled Indian company Mohalla Tech, which owns social media platform ShareChat and short video app Mo, on its $502 million fundraising round. The funding values Mohalla Tech at $2.1 billion.
SAM, Khaitan act on $1 bln Indian education deal

BY Aparna Sai |

Shardul Amarchand Mangaldas has advised Indian online learning platform Byju’s on its $1 billion acquisition of Blackstone-backed Indian tutor Aakash Educational Services, which was represented by Khaitan & Co. Trilegal counselled Blackstone.