Código 1530 Asia Private Limited

Acted as local counsel to Código 1530 Tequila (Código 1530) in the acquisition of a majority stake in it by Pernod Ricard USA, LLC (Pernod Ricard), a global powerhouse in the field of beverage production and distribution. Código 1530 is an ultra-premium tequila and mezcal brand combining traditional roots with exclusive quality. Produced in Mexico and distributed thereafter to many markets, Código 1530 has a growing presence in the United States, Europe and Asia. Through this acquisition, Código 1530 is able to tap into Pernod Ricard’s expertise and resources to further accelerate its global growth and reach new consumers.  

Tonik Financial Pte. Ltd.

Acted for Tonik Financial Pte. Ltd. (Tonik), the first digital-only bank in Southeast Asia, in its US$131 million Series B equity round led by Mizuho Bank, US$21 million Series A equity round led by Sequoia Capital India and Point72 Ventures and US$6 million seed round led by Insignia Ventures Partners and Credence Partners.

CMTi Pte. Ltd.

Acted for the sellers of CMTi Pte. Ltd. (CMTi) in the sale of their interest to the Storskogen Group (Storskogen), a Sweden based investment group. CMTi Pte. Ltd. is a successful industry leader in the production and supply or wire harnesses, cable assemblies and electro-mechanical assemblies in the Southeast Asian region. CMTi boasts over 300 employees and their clients include multi-national companies in the medical, automative, industrial and aviation industries.  The acquisition by Storskogen would expand CMTi’s global networks and bolster CMTi’s capacity for future growth.

Niometrics (Pte.) Ltd.

Acted for Niometrics (Pte.) Ltd. (Niometrics) and its shareholders in the sale of its entire equity interest to Mobileum Inc. (Mobileum), a portfolio company of Audax Private Equity. Niometrics is a deep network analytics company that provides solutions for Communications Service Providers (CSPs) to develop strategies and decisions for new digital businesses, customer experience management, and network planning and optimization.

The acquisition of Niometrics expands Mobileum’s actionable analytics platform with customer discovery, engagement, and experience capabilities, enabling CSPs to identify new revenue streams and to improve customer experience across the entire customer lifecycle.

The Great Room

Acted for The Great Room Pte. Ltd. (The Great Room) and its key shareholders in the sale of its entire equity interest to Industrious National Management Company, LLC (Industrious). The Great Room is a premium hospitality-based, co-working space operator with 7 locations across Singapore, Hong Kong and Bangkok. Industrious, which is backed by CBRE Group Inc., is a co-working space operator headquartered in New York with over 150 co-working locations in over 65 cities.

Taliworks Corporation Berhad

Acted as Singapore counsel to Taliworks Corporation Berhad (TCB), a company listed on the Main Market of Bursa Malaysia Securities Berhad in its proposed acquisition of the equity interests in three Malaysian-incorporated feed-in approval holders, which collectively own and operate four solar projects in Selangor, Malaysia for a total transaction sum of RM180.4m. The acquisition is made by TCB, through its wholly owned subsidiary Taliworks Renewables Sdn. Bhd., which had entered into two conditional SPAs for the acquisition, one with affiliates of Brookfield Asset Management Inc., an alternative asset management company focusing on real estate, renewable power, infrastructure and private equity, and the other with a subsidiary of SEV Renewables Sdn Bhd, a company in the Malaysian renewable energy industry.

Tonik Financial Pte. Ltd.

Acted for Tonik Financial Pte. Ltd. (Tonik), the first digital-only bank in Southeast Asia, in both its US$6 million seed equity financing round led by Insignia Ventures Partners and Credence Partners, as well as the US$21 million Series A equity financing round led by Sequoia Capital India and Point72 Ventures. Tonik will be launching its digital bank in the Philippines, where it has been granted a bank licence by the Philippines’ banking regulator, making it the first neobank in Southeast Asia and one of the very few globally to be operating on the basis of its own bank licence.

China Merchants Industry Holding Company Limited

Acted for China Merchants Industry Holding Company Limited, a central state-owned enterprise headquartered in Hong Kong and a leading offshore engineering equipment and service provider, in a voluntary conditional cash offer (Offer) by its wholly-owned subsidiary, China Merchants Industry Investment Limited, for all the issued and paid-up shares in the capital of AVIC International Maritime Holdings Limited, an SGX-ST Catalist Board listed company, which provides integrated solutions in the marine business industry including shipbuilding project management and consultancy, design and engineering, shipbuilding, and ship-trading. The deal, at an offer price of S$0.15 per share, is valued at over S$42.8 million and also involved the compulsory acquisition of all remaining shares not acquired during the Offer. 

Cloud Comrade Pte. Ltd.

Acted for Cloud Comrade Pte. Ltd. and the vendors of Cloud Comrade Pte. Ltd., a cloud computing and services provider being the only South-East Asia headquartered AWS Partner Network Premier Tier Consulting Partner, Google Premier Partner, and Microsoft Gold Cloud Competency Partner. The deal involved the subscription of shares by Leap (G) Pte. Ltd. (a company part of the group comprising of Temasek-owned Singapore Technologies Telemedia Pte Ltd) in Cloud Comrade Pte. Ltd. and an acquisition of shares by Leap (G) Pte. Ltd. from the vendors.

Eurofins Scientific

Acted as Singapore counsel to Eurofins Scientific (a global scientific leader in bioanalytical testing) in its acquisitions of EAG Laboratories (a leading global scientific services company) and Covance Food Solutions (a provider of product integrity, food safety, product development and consulting solutions), which transactions are valued at US$780 million and US$670 million respectively. These acquisitions see Eurofins expanding its business lines and presence in North America, the United Kingdom and Asia.

Innovative Diagnostics Pte Ltd & Quantum Diagnostics Sdn Bhd

Acted for the vendors in the sale of two private clinical laboratories, Innovative Diagnostics Pte Ltd (a Singapore based medical laboratory with five facilities) and Quantum Diagnostics Sdn Bhd (a Malaysia based medical laboratory) to TPG Capital Asia (a private equity firm).

Grab Inc.

Acted for Grab Inc., a technology company specialising in ride-hailing and logistics services, in the acquisition of online payment services company Kudo Digital Solutions Pte Ltd which operates a leading online to offline e-commerce platform in Indonesia.

Cordlife Group Limited

Acted for Cordlife Group Limited (CGL), a service provider of umbilical cord blood and cord lining banking, in a consent solicitation exercise to obtain the approval of noteholders in connection with the early redemption of the S$120,000,000 4.90 percent notes due 2017 issued by CGL.

Nanjing Xinjiekou Department Store Co. Ltd

Acted for Nanjing Xinjiekou Department Store Co. Ltd (related to Sanpower Group Corporation) in its acquisition of a 20% stake in Cordlife Group Limited.

Hotel Properties Limited

Acted for Hotel Properties Limited (HPL) in relation to the mandatory conditional cash offer for HPL by 68 Holdings Pte. Ltd. (a consortium formed between Ong Beng Seng, David Ban and Wheelock Properties (Singapore) Pte Ltd). This deal valued HPL at approximately S$2 billion.

Swissco Holdings Limited

Acted for Swissco Holdings Limited, a marine service provider for the shipping and offshore oil and gas industry, in relation to its acquisition of Scott and English Energy Pte. Ltd., an offshore rig charterer, for a purchase consideration of S$285 million, being a very substantial acquisition under the rules of the Singapore Exchange.

Eng Kong Holdings Limited

Acted for Eng Kong Holdings Limited, a container services company, in its takeover by the private equity group, Navis Capital Partners. The offeror exercised its right of compulsory acquisition and delisted the target.