SE Asia Deals: DBS divests stake in BPI to Ayala

Jurisdiction – India

*Firm*	*Deal*	*Value*	*Client*	*Lawyer(s) involved*
Amarchand & Mangaldas & Suresh A. Shroff & Co	Eros International Plc’s Initial public offering of 5,000,000 A ordinary shares	$55 million	Eros International Plc	Shardul Shroff (Managing Partner) Prashant Gupta (Partner) Monal Mukherjee (Principal associate) Riddhi Shah, Shraddha Krishnan (Associates)
Amarchand & Mangaldas & Suresh A. Shroff & Co	Offer for sale by certain members of Poddar Heritage Group and Procter & Gamble India Holdings B.V. of equity shares of Gillette India	Rs. 5,711 million ($91 million)	Poddar Heritage Group	Shardul Shroff (Managing Partner) Prashant Gupta (Partner) Sayantan Dutta (Principal associate) Apurva Rai (Senior associate)
AZB & Partners	TPG Group’s acquisition of 23 percent shares of Sutures India	Rs. 1.4 billion ($26 million)	TPG Growth	Abhijit Joshi, Vivek Bajaj, Nandish Vyas (Partners)
Cains Advocates Ltd (Isle of Man counsel)	Eros International Plc’s Initial public offering of 5,000,000 A ordinary shares	$55 million	Eros International Plc
Gibson, Dunn & Crutcher (International counsel)	Eros International Plc’s Initial public offering of 5,000,000 A ordinary shares	$55 million	Eros International Plc
Jones Day	Offer for sale by certain members of Poddar Heritage Group and Procter & Gamble India Holdings B.V. of equity shares of Gillette India	Rs. 5,711 million ($91 million)	Procter & Gamble India Holdings B.V.
J.Sagar & Associates	Offer for sale by certain members of Poddar Heritage Group and Procter & Gamble India Holdings B.V. of equity shares of Gillette India	Rs. 5,711 million ($91 million)	Procter & Gamble India Holdings B.V.
Luthra & Luthra, Law Offices	Offer for sale by certain members of Poddar Heritage Group and Procter & Gamble India Holdings B.V. of equity shares of Gillette India	Rs. 5,711 million ($91 million)	Brokers
O’Melveny & Myers (International counsel)	Eros International Plc’s Initial public offering of 5,000,000 A ordinary shares	$55 million	Underwriters: 1.Deutsche Bank Securities 2.BofA 3.Merrill Lynch 4.UBS Investment Bank 5.Jefferies 6.Credit Suisse 7.EM Securities
O'Melveny & Myers	Offer for sale by certain members of Poddar Heritage Group and Procter & Gamble India Holdings B.V. of equity shares of Gillette India	Rs. 5,711 million ($91 million)	Brokers
S&R Associates	Eros International Plc’s Initial public offering of 5,000,000 A ordinary shares	$55 million	Underwriters: 1.Deutsche Bank Securities 2.BofA 3.Merrill Lynch 4.UBS Investment Bank 5.Jefferies 6.Credit Suisse 7.EM Securities
Simcocks Advocates Ltd (Isle of Man counsel)	Eros International Plc’s Initial public offering of 5,000,000 A ordinary shares	$55 million	Underwriters: 1.Deutsche Bank Securities 2.BofA 3.Merrill Lynch 4.UBS Investment Bank 5.Jefferies 6.Credit Suisse 7.EM Securities

Jurisdiction – Philippines

Firm

Deal

Value

Client

Lawyer(s) involved

Paul Hastings

Travellers International Hotel Group’s IPO and listing of shares on the Philippine Stock Exchange

$405 million

Underwriters:

1.BDO Capital

2.Maybank ATR Kim Eng

3. UBS

Patricia Tan Openshaw,

Steven Winegar

(Partners)

Jordan Baggs

(Associate)

Jurisdiction – Singapore

*Firm*	*Deal*	*Value*	*Client*	*Lawyer(s) involved*
Allen & Gledhill	DBS Bank’s divestment of its remaining 9.9 percent stake in Bank of the Philippine Islands to Ayala Corp and GIC Private	S$850 million ($681 million)	DBS Bank Ltd	Prawiro Widjaja (Partner)
Allen & Gledhill	SEA9’s proposed acquisition of all the issued and paid-up ordinary shares in Kreuz Holdings’ capital	S$445.6 million ($357 million)	SEA9 Pte Ltd	Song Su-Min, Daren Shiau, Kok Chee Wai (Partners)
Shearman & Sterling	IntercontinentalExchange Group’s acquisition of Singapore Mercantile Exchange in an all-cash transaction	Undisclosed	IntercontinentalExchange Group Inc	David Connolly, Barney Reynolds, John Cannon, Thomas Donegan, Stephen Fishbein, Geoffrey Goldman, Iain Scoon (Partners) Christopher LaVigne, Simon Letherman, Shirin Tang (Counsel)