Allen & Gledhill has advised Oversea-Chinese Banking Corporation, as the lead manager, on the issue of S$260 million (US$203m) 4.20 percent subordinated perpetual securities by DBS Trustee, as trustee of CapitaLand Ascott Real Estate Investment Trust. Partners Margaret Chin and Sunit Chhabra led the firm’s team in the transaction.
Allen & Gledhill has also advised PSA Treasury and PSA International on the issue of offshore Rmb1.25 billion (US$174m) 2.70 percent guaranteed notes due 2035, under their US$5 billion global medium term note programme. The notes are unconditionally and irrevocably guaranteed by PSA International. This was PSA International’s inaugural issue of offshore Rmb-denominated notes. Partners Tan Tze Gay, Wu Zhaoqi and Sunit Chhabra led the firm’s team in the transaction.
Moreover, Allen & Gledhill has advised venture capital firm Openspace Ventures on leading the US$3 million pre-Series A funding round in Every Half Coffee Roasters, a Vietnamese specialty coffee chain and roaster. Partner Julian Ho led the firm’s team in the transaction.
Clifford Chance has advised MEC Global Partners Asia on its structuring and acquisition of a minority interest in 180 George Street, Sydney NSW (Sydney Place). Partner Philip Podzebenko, supported by partners Kai-Niklas Schneider and Chloe Cheng on Singapore structuring, led the firm’s team in the transaction.
JSA has advised Prana Ventures on its investment in the US$19 million Series A2 and Series B1 funding rounds of Cloudsek Research, a company specialising in AI-driven threat prediction and intelligence solutions. Founded in 2015, CloudSEK aims to build a safer digital future by proactively predicting and mitigating cyber threats. CloudSEK will deploy the capital raised through these rounds to fuel its next phase of product innovation, international expansion and further development of its artificial intelligence models and platform-level integrations. The round included participation from a mix of India and US-based investors, such as MassMutual Ventures, Inflexor Ventures and Tenacity Ventures, and strategic investors, including Commvault. Eastern Group founders Meeran Family, StartupXSeed, Neon Fund and Exfinity Ventures are among CloudSEK’s early investors. Partner Archana Tewary led the firm’s team in the transaction.
JSA has also advised Felix Pharmaceuticals on a US$ 175 million investment by leading global private equity firm Advent International for acquiring a significant minority stake in the company. Founded in 2015, Dublin-headquartered Felix Pharmaceuticals develops and manufactures generic (off-patent) medicines for companion animals, such as dogs, cats and horses. The company boasts one of the industry’s broadest product portfolios, including 14 US FDA-approved drugs, with a robust pipeline under development. Felix supplies these products under private labels, and is one of the fastest-growing players in the global animal health space. Partner Sidharrth Shankar, supported by partner Prakriti Jaiswal, led the firm’s team in the transaction.
Moreover, JSA has advised Summit Digitel Infrastructure, one of India’s largest telecom infrastructure providers, on its latest debt raise through the private placement of listed, rated, secured, redeemable, non-convertible debentures (NCDs) aggregating to Rs14.75 billion (US$171m). Summit Digitel is a wholly-owned subsidiary of Altius Telecom Infrastructure Trust (formerly known as Data Infrastructure Trust), a SEBI-registered Infrastructure Investment Trust (InvIT) sponsored by Brookfield Asset Management. Partner Tirthankar Datta led the firm’s team in the transaction.
Maples has acted as Cayman Islands counsel to Antalpha Platform Holding Company on its IPO of approximately 4.43 million ordinary shares and its listing on the Nasdaq. Antalpha provides financing, technology and risk management solutions to the digital asset industry. The offering, which closed on May 15, 2025, raised approximately US$56 million. Janelle Ho led the firm’s team in the transaction, while Skadden, Arps, Slate, Meagher & Flom advised on US law. The underwriters were advised by Cleary Gottlieb Steen & Hamilton on US law.
Maples has also acted as Cayman Islands counsel to Yuanbao on its IPO of two million American depositary shares, each representing six Yuanbao Class A ordinary shares, on the Nasdaq. Yuanbao is a technology-driven online insurance distributor in China, specializing in personal life and accident and health insurance. The offering, which closed on May 1, 2025, raised approximately US$30 million. Vivian Lee led the firm’s team in the transaction, while Kirkland & Ellis International and Han Kun Law Offices advised on US law and Chinese law, respectively. The underwriters for the offering were represented by Latham & Watkins and JunHe on US law and Chinese law, respectively.
Moreover, Maples has advised Chagee Holdings on its IPO of approximately 14.7 million American depositary shares, each representing one Chagee Class A ordinary share, on the Nasdaq. The offering, which closed on April 21, 2025, raised gross proceeds of approximately US$411.2 million, making it the second largest Chinese IPO in the US within the last three years. Chagee is a leading premium tea drinks brand, serving freshly-made tea drinks. The company operates teahouses in China, Hong Kong, Malaysia, Thailand, Singapore, Indonesia and soon in the US. Charmaine Chow led the firm’s team in the transaction, while Davis Polk & Wardwell and King & Wood Mallesons advised on US law and Chinese law, respectively. The underwriters for the offering were advised by Cleary Gottlieb Steen & Hamilton and Fangda Partners on US law and Chinese law, respectively.
Saraf and Partners has acted for Moody’s affiliate ICRA on its US$26 million acquisition of 100 percent shareholding in Fintellix India from LFG Services Mauritius Holdings and G2 Acquisition, both of which are part of US-based private equity firm Stellex Capital Management group. India-listed ICRA is one of India’s leading credit rating agencies. Along with its subsidiaries, ICRA is a preferred partner in providing best in class and independent research and analytics solutions. Fintellix, a Bengaluru-based product-led company, specializes in risk, supervisory and data analytics solutions offered on its proprietary data platform. Fintellix enables global financial sector entities to meet regulatory requirements, while efficiently managing data and providing superior analytics. The acquisition of Fintellix will strengthen the ICRA Group’s portfolio of credit risk assessment and monitoring tools by adding risk reporting capabilities to its existing solutions. ICRA’s existing portfolio includes credit risk software solutions, early warning systems (EWS), and asset classification tools. Senior partner Vaibhav Kakkar and partners Snigdhaneel Satpathy and Debarpan Ghosh led the firm’s team in the transaction, which was signed on June 12, 2025. Samvad Partners acted for LFG Services Mauritius Holdings and G2 Acquisition.
Shardul Amarchand Mangaldas & Co has advised Hines Group on its joint venture with Sumitomo Corporation for a premium residential project on the site of approximately 3.4 acres of land located at Powai, Mumbai, Maharashtra. Infrastructure, energy and project finance national head partner Jatin Aneja and partner Dhrupad Pant led the firm’s team in the transaction.
Shardul Amarchand Mangaldas & Co has also advised Hines Group on its investment in a joint venture with MJR Investment, a wholly-owned subsidiary of Mitsubishi Estate, and Sumitomo Corporation. The joint venture company will develop a high-end office space spanning around 1.5 million square feet, built on a 3-acre site in Kalina, Mumbai, with plans to feature top-tier amenities, F&B and retail space. Infrastructure, energy and project finance national head partner Jatin Aneja and partner Dhrupad Pant also led the firm’s team in the transaction.
Moreover, Shardul Amarchand Mangaldas & Co has advised Nestlé on its acquisition of a minority stake in Drools Pet Food. The counterparties on this transaction were LCA Indus (LCatteron), Drools Pet Food and its founders Mr Fahim Sultan Ali and Mr Sultan Ali. Partners Puja Sondhi and Srikant CV, supported by partners Kriti Kaushik and Rajat Bose, led the firm’s team in the transaction. Cyril Amarchand Mangaldas advised Drools Pet Food and its founders. Talwar Thakore & Associates advised LCatterton on the Indian aspects.
Skadden has advised Grab Holdings on an upsized offering of US$1.5 billion zero coupon convertible senior notes due 2030. The offering was upsized from the previously announced offering of US$1.25 billion convertible senior notes due 2030. Grab is a leading superapp in Southeast Asia, operating across the deliveries, mobility and digital financial services sectors. Partners Jonathan Stone (Hong Kong) and Rajeev Duggal (Singapore), supported by partners Yossi Vebman (New York), Michael Hoffman (New York) and Sean Shimamoto (Houston), led the firm’s team in the transaction.
Skadden has also represented JD.com, a leading supply chain-based technology and service provider, on its take-private acquisition of Nasdaq-listed Dada Nexus, China’s leading local on-demand retail and delivery platform. Partners Shu Du and Haiping Li led the firm’s team in the transaction, which was completed on June 16, 2025.
