25 Asian Legal Business | September 2024 Asia M&A Rankings 2024 M&A Profile WongPartnership LLP 12 Marina Boulevard, Level 28, Marina Bay Financial Centre Tower 3, Singapore, 018982 (+65) 6416 8000 contactus@wongpartnership.com www.wongpartnership.com As a market leader in Singapore and one of the largest in the country, WongPartnership stands out for its unique ability to have a deep bench strength and expertise in both advisory and transactional work, where it is continually involved in landmark corporate transactions, as well as complex and high-profile litigation and arbitration matters. Boasting one of the largest mergers and acquisitions (M&A) practices in Singapore, WongPartnership’s unparalleled M&A team is consistently approached to work on high-profile mergers and acquisitions and prominent corporate transactions in Singapore and the region. The firm’s clientele comprises Singapore’s leading listed companies, global private equity firms, major international and domestic financial institutions, well-established multinational corporations, and leading sovereign wealth funds. The M&A team has consistently been recognised as a Band One practice across major legal publications to include Chambers Asia-Pacific and Global, The Legal 500 Asia-Pacific, IFLR1000 and in various M&A legal league tables in the region. Andrew Ang Co-Head – Mergers & Acquisitions Practice and; Partner – Private Equity Practice Consistently recognised as a leading lawyer, Andrew specialises in local and cross-border mergers and acquisitions, corporate restructurings, joint ventures, privatisations as well as private equity investments. One of his most recent transactions include acting for Frasers Property Limited in relation to the proposed sale of stake in retail mall NEX to Frasers Centrepoint Asset Management Ltd.. Chan Sing Yee Co-Head – Mergers & Acquisitions Practice and; Partner – Private Equity Practice Focusing on mergers and acquisitions (including the sale and purchase of businesses), joint ventures, venture capital and corporate finance related transactions, Sing Yee is a recognised expert in the area of M&A. One of her recent transactions include advising Singtel in its participation in a consortium with Kohlberg Kravis Roberts & Co. L. P. (the “Consortium”), for the Consortium’s proposed investment of S$1.75 billion in STT GDC Pte. Ltd.. Practice Achievements As one of the largest M&A teams in Singapore, WongPartnership’s M&A practice is consistently involved in headline deals to include being Singapore counsel to UBS Group AG with respect to its merger with Credit Suisse; acting for Keppel Corporation on the combination of their Offshore & Marine (Keppel O&M) unit with Sembcorp Marine to form Seatrium, amongst others. Award-winning deals include ESR-REIT and Viva Industrial’s Merger, Restructuring of Noble Group Limited and Walmart’s acquisition of Flipkart, to name a few. weak return outlooks dampened the attractiveness of other traditional Asian markets, amongst them notably China. KKR & Co plans to buyout Japanese system developer Fuji Soft for $4.09 billion, Blackstone will take Japanese digital comic distributor Infocom private for $1.74 billion, while selling its stakeholding in Alinamin Pharmaceuticals to MBK Partners for $2.17 billion, and CVC Capital Partners will acquire the country’s fifth-biggest pharmacy store Sogo Medical Group for $1.2 billion. Going forward, the Japanese market will see more dealmaking from market, an increase in unsolicited offers following the notification of new corporate takeover guidelines in 2023, and an increase in shareholder activism-related dealmaking owing to improving disclosure guidelines and growing interest of U.S. activist investors.
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