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Jurisdiction – India
Firm | Deal | Value | Client | Lawyer(s) involved |
Amarchand & Mangaldas & Suresh A. Shroff & Co | TVS Capital’s and co-investors’ acquisition of Financial Technologies India’s stake in Indian Energy Exchange | Undisclosed | Indian Energy Exchange Ltd | Yash Ashar (Partner) |
AZB & Partners | Alpha TC Holdings’ follow-on investment in Janalakshmi Financial Services | Confidential | Alpha TC Holdings Pte Ltd | Zia Mody (Partner)
Ratnadeep Roychowdhury (Associate) |
AZB & Partners | Bharti and its Nigerian affiliate’s sale of its passive infrastructure business to an American Tower Corp affiliate | Confidential | Bharti Airtel Ltd | Gautam Saha (Partner)
Amrita Patnaik (Senior associate) |
AZB & Partners | Coflexip Stena Offshore (Mauritius)’s sale of 24 percent of its share capital | Rs. 2.5 billion ($40.3 million) | Coflexip Stena Offshore (Mauritius) Ltd | Shameek Chaudhuri (Partner)
Rinki Ganguli (Senior associate) |
AZB & Partners | International Finance Corp’s acquisition of further equity shares in Equitas Holdings | Rs. 3.2 billion ($52.5 million) | International Finance Corp | Gautam Saha (Partner)
Swati Chauhan, Vinit Nalavadi (Associates) |
AZB & Partners | Manpasand Beverages’ initial public offering of equity shares | Rs. 4 billion ($65 million) | 1.Kotak Mahindra Capital Company Ltd 2.India Infoline Ltd 3.ICICI Securities Ltd | Varoon Chandra (Partner)
Lionel D’Almeida (Senior associate) |
AZB & Partners | Sequoia Capital’s acquisition of 33.36 percent equity shareholding in Curatio Health Care India (I) | Rs. 95 crores ($15.4 million) | One of Curatio Health Care India (I) Pvt Ltd’s promoters | Essaji Vahanvati (Partner)
Manan Mehta (Associate) |
AZB & Partners | The News Corp’s acquisition of 25 percent of Elara Singapore’s share capital | Rs. 1.8 billion ($30 million) | The News Corp | Shuva Mandal (Partner)
Roxanne Anderson (Senior associate) |
AZB & Partners | TPG Asia VI SF-led investment in Janalakshmi Financial Services | Confidential | Janalakshmi Financial Services Pvt Ltd | Srinath Dasari (Partner)
Veena Ganesh (Associate) |
AZB & Partners | TPG Asia SF’s acquisition of Janalakshmi Financial Services’ shares | Confidential | TPG Asia SF Pte Ltd | Shuva Mandal, Bhavi Sanghvi (Partners)
Noshir Vania (Associate) |
AZB & Partners | WestBridge Capital’s acquisition of 20 percent share of Aptus Value Housing Finance India | Rs. 980 million ($15.8 million) | WestBridge Capital | Srinath Dasari (Partner)
Nanditha Gopal (Senior associate) |
Davis Polk & Wardwell | Former Citigroup CEO’s investment in a JM Financial-promoted non-banking financial corporation | Rs. 540 crores ($87 million) | 1.Vikram Pandit (Former Citigroup CEO) 2.Hariharan Aiyer | Loius Goldberg (Partner) |
DSK Legal | Former Citigroup CEO’s investment in a JM Financial-promoted non-banking financial corporation | Rs. 540 crores ($87 million) | 1.Vikram Pandit (Former Citigroup CEO) 2.Hariharan Aiyer | Anand Desai (Managing partner)
Ajay Shaw (Partner)
Aditee Mohta (Senior associate) |
DSK Legal | TVS Capital’s and co-investors’ acquisition of Financial Technologies India’s stake in Indian Energy Exchange | Undisclosed | TVS Capital | Satish Kishanchandani (Co-founding partner)
Shoubhik Dasgupta (Senior associate)
Ishita Luthra (Associate) |
J. Sagar Associates | Equitas Holdings’, German Investment Development Corp’s and Creation Investments Equitas Holdings’ divestment of nearly 40 percent stake to a five-member investor group |
| 1.Equitas Holdings Private Ltd 2.German Investment Development Corp 3.Creation Investments Equitas Holdings | Shivpriya Nanda, Aarthi Sivanandh, Lalit Kumar (Partners)
Bhavana Alexander (Senior associate)
Dishaa Shiva, Aneesha Tawakley (Associates) |
J. Sagar Associates | Intas Pharmaceuticals’ sale of 10.16 percent equity shares held by Mozart in it to Dunearn Investment Mauritius | Undisclosed | Intas Pharmaceuticals Ltd | Nitin Potdar, Rinku Ambekar (Partners)
Puneet Shah, Aarti Iyer (Senior associates) |
J. Sagar Associates | Nihon Nohyaku Co’s acquisition of 74 percent of equity shareholding in Hyderabad Chemical | Undisclosed | Nihon Nohyaku Co Ltd | Vikram Raghani (Partner)
Anand Lakra, Yashodhara Ghorpade (Senior associates)
Suren Sundaram, Bir Bahadur Sachar (Associates) |
J. Sagar Associates | Sale of 100 percent equity shares of Jigrahak Mobility Solutions by its promoter shareholder to Next Generation Payments | Undisclosed | Jigrahak Mobility Solutions Pvt Ltd | Murali Ananthasivan (Partner)
Neha Bhatia (Senior associate)
Rajashree Balasubramanian (Associate) |
J. Sagar Associates | Sequoia Capital’s acquisition of 33.36 percent equity shareholding in Curatio Health Care India (I) | Rs. 95 crores ($15.4 million) | Curatio Health Care India (I) Pvt Ltd’s promoters | Aarthi Sivanandh (Partner)
Tamara Devanandan (Senior associate)
Sahana Raghunathan, Revathy Muralidharan, Bharath Sridhar (Associate) |
J. Sagar Associates | TVS Capital’s and co-investors’ acquisition of Financial Technologies India’s stake in Indian Energy Exchange | Undisclosed | Financial Technologies India Ltd | Rinku Ambekar (Partner) |
Khaitan & Co | Intas Pharmaceuticals’ sale of 10.16 percent equity shares held by Mozart in it to Dunearn Investment Mauritius | Undisclosed | Temasek |
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Khaitan & Co | Nippon Life Insurance Company’s acquisition of an additional 9 percent stake in Reliance Capital Asset Management from Reliance Capital | $108 million | Nippon Life Insurance Company | Niren Patel (Associate partner) |
Khaitan & Co | NorthEdge Capital’s buyout of video game developer F9E Europe from Foundation 9 Entertainment | Undisclosed | NorthEdge Capital LLP | Rabindra Jhunjhunwala, Avaantika Kakkar (Partners) |
Khaitan & Co | Sequoia Capital’s acquisition of 33.36 percent equity shareholding in Curatio Health Care India (I) | Rs. 95 crores ($15.4 million) | Sequoia Capital | Ganesh Prasad (Partner)
Vineet Shingal (Principal associate)
Mukund Thirumalai Srikant (Associate) |
Khaitan & Co | Wolters Kluwer’s acquisition of the remaining 62 percent stake in Third Coast Holding including its wholly owned Indian subsidiary, DataCert Consulting | $180 million | Wolters Kluwer Inc | Aakash Choubey, Bijal Ajinkya (Partners)
Iqbal Khan(Associate partner) |
Luthra & Luthra Law Offices | ICICI Home Finance’s issue of secured redeemable senior bonds | Rs. 1,000 crores ($161.5 million) | ICICI Home Finance Company Ltd | Piyush Mishra (Partner)
Siddharth Srivastava (Managing associate)
Abhiroop Lahiri (Senior associate)
Kanika Kadam (Associate) |
Nishith Desai Associates | Sale of 100 percent equity shares of Jigrahak Mobility Solutions by its promoter shareholder to Next Generation Payments | Undisclosed | Flipkart |
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Nishith Desai Associates | TVS Capital’s and co-investors’ acquisition of Financial Technologies India’s stake in Indian Energy Exchange | Undisclosed | Agri Power | Nishal Joshipura (Partner)
Deepak Jodhani (Senior associate) |
Themis Associates | Sequoia Capital’s acquisition of 33.36 percent equity shareholding in Curatio Health Care India | Rs. 95 crores ($15.4 million) | Sequoia Capital | Ashwani Kumar, Dheeraj Khanna (Senior associates)
Hardik Bhatia (Associate) |
Udwadia Udeshi & Argus Partners | Former Citigroup CEO’s investment in a JM Financial-promoted non-banking financial corporation | Rs. 540 crores ($87 million) | JM Financial Ltd | Darius Udwadia (Managing partner) |
Wadia Ghandy & Co | Intas Pharmaceuticals’ sale of 10.16 percent equity shares held by Mozart in it to Dunearn Investment Mauritius | Undisclosed | ChrysCapital |
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Jurisdiction – Indonesia
Firm | Deal | Value | Client | Lawyer(s) involved |
K&L Gates | PT Tower Bersama Infrastructure TBK’s acquisition of financing to refinance the group’s existing debt programme | $1.3 billion | PT Tower Bersama Infrastructure TBK | Chris Scott (Perth special counsel) |
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Jurisdiction – Pakistan
Firm | Deal | Value | Client | Lawyer(s) involved |
Norton Rose Fulbright | The Government of Pakistan’s sukuk issue | $1 billion | The Government of Pakistan | Peter Young (Partner)
Andrew Coote (Senior associate)
Jordina Walker (Associate) |
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Jurisdiction – Singapore
Firm | Deal | Value | Client | Lawyer(s) involved |
Allen & Gledhill | Bank consortium’s loan grant to Central Boulevard Development | S$1.62 billion ($1.25 billion) | Central Boulevard Development Pte Ltd | Jafe Ng, Ong Kangxin (Partners)
Daniel Mok (Senior associate) |
Allen & Gledhill | Combination of KIT and CitySpring Infrastructure Trust and its acquisition of a 51 percent stake in Keppel Merlimau Cogen | Acquisition worth S$510 million ($391.1 million) | CitySpring Infrastructure Trust | Prawiro Widjaja, Michelle Fum, Bernie Lee (Partners) |
Allen & Gledhill | DBS Bank’s and United Overseas Bank’s term loan grant to United Industrial Corp | S$600 million ($456.5 million) | 1.DBS Bank Ltd 2.United Overseas Bank Ltd | Lim Wei Ting (Partner) |
Allen & Gledhill | DBS Bank’s capped cash tender offer in respect of its $900 million floating-rate subordinated notes | $550 million | DBS Bank Ltd | Glenn Foo, Sunit Chhabra (Partners) |
Allen & Gledhill | SP PowerAssets’ updation of its global medium-term note programme | S$8 billion ($6.1 billion) | SP PowerAssets Ltd |
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Cadwalader, Wickersham & Taft | Grand China Air (Hong Kong)’s offer of Singapore dollar-denominated guaranteed bonds | S$250 million ($200 million) | 1.Grand China Air (Hong Kong) Ltd (Issuer)
1.Hainan Airlines Co Ltd 2.Grand China Air Co Ltd (Guarantors) | David Neuville, Joseph Lee, Linda Swartz (Partners)
Jay Aggarwal, Jean Marie Bertrand (Special counsel)
Nancy Yang, Christopher Ma (Associates) |
Kelvin Chia Partnership | Sale of Fassler Gourmet to Credence Partners through Credence Capital Fund II (Cayman) Ltd | S$23 million ($17.64 million) | Credence Partners Pte Ltd | Andrew Lai (Partner)
Lee Jin Rui, Su Zhirong (Associates) |
TSMP Law Corporation | Credit Suisse (Singapore)’s mandatory conditional cash offer for and on behalf of New Precise Holdings for Forterra Real Estate | ~ $330 million (~$254.26 million) | Credit Suisse (Singapore) Ltd | Stefanie Yuen Thio (Joint managing director)
Kimberly Neo, Sherri Chiam Siying (Associates) |
WongPartnership | Bank consortium’s loan grant to Central Boulevard Development | S$1.62 billion ($1.25 billion) | 1.DBS Bank Ltd 2.The Bank of Tokyo-Mitsubishi UFJ Ltd 3.Mizuho Bank Ltd | Christy Lim, Carol Anne Tan (Partners) |
WongPartnership | Combination of KIT and CitySpring Infrastructure Trust and its acquisition of a 51 percent stake in Keppel Merlimau Cogen | Acquisition worth S$510 million ($391.1 million) | Keppel Infrastructure Trust | Ng Wai King (Joint managing partner)
Low Kah Keong, Quak Fi Ling, Karen Yeoh, Angela Lim, Ethel Yeo, Lam Chung Nian (Partners) |
WongPartnership | Credit Suisse (Singapore)’s mandatory conditional cash offer for and on behalf of New Precise Holdings for Forterra Real Estate | ~ $330 million (~$254.26 million) | Forterra Real Estate Pte Ltd | Jason Chua (Partner) |
WongPartnership | Sale of Fassler Gourmet to Credence Partners through Credence Capital Fund II (Cayman) Ltd | S$23 million ($17.64 million) | Martin Fassler and Jaclyn Ang Peck Neo | Dawn Law (Partner) |
WongPartnership | Tiger Airways Holdings’ sale of its entire 40 percent shareholding interest in Tiger Airways Australia to VAH Newco No. 1 | N/A | Tiger Airways Holdings Ltd | Mark Choy, Tan Sue-Lynn, Lam Chung Nian (Partners) |
