Latham, Skadden act on PropertyGuru’s $431 mln SPAC listing

BY Aparna Sai |

​​​​​​​Latham & Watkins has advised Southeast Asian online realty company PropertyGuru on its planned $431 million New York listing via merger with blank-check firm Bridgetown 2, which was represented by Skadden, Arps, Slate, Meagher & Flom.

Skadden, Ashurst, A&O advise on $15 bln Malaysian telecom mega-merger

BY Aparna Sai |

Skadden has advised Malaysian telecommunications conglomerate Axiata Group on the $15 billion merger of its mobile subsidiary Axiata with rival, which was represented by Ashurst. Allen & Overy advised Digi’s parent company, Norway’s Telenor.

Latham, Khaitan, CAM advise on $453 mln Thailand-India power deal

BY Aparna Sai |

Latham & Watkins and Khaitan & Co have advised Thailand’s Global Renewable Synergy Company (GRSC) on its $453 million acquisition of a stake in Indian solar power company Avaada Energy, which was counselled by Cyril Amarchand Mangaldas.

CC, SAM, AZB, IndusLaw advise on $321 mln India-Oman oil deal

BY Aparna Sai |

Shardul Amarchand Mangaldas (SAM) has advised India’s Bharat Petroleum Corporation (BPCL) on its $321 million buyout of the stake held by its partner, Oman’s OQ, in their joint venture Bharat Oman Refineries (BORL). 

SAM, Hogan Lovells advise Walmart’s Flipkart on $3.6 bln funding round

BY Aparna Sai |

Shardul Amarchand Mangaldas and Hogan Lovells have advised Indian e-commerce giant Flipkart on its $3.6 billion funding round led by investors such as SoftBank, which was counselled by Cooley.

Host of firms act on biopharma firm’s $537 mln HK secondary listing

BY Aparna Sai |

Freshfields Bruckhaus Deringer, Gibson, Dunn & Crutcher, King & Wood Mallesons and DLA Piper have advised Chinese biopharma company Hutchmed on its HK$4.17 billion ($537 million) secondary listing in Hong Kong.

Links, Freshies lead on China Duty Free’s planned $7 bln HK secondary listing

BY Kristen Liu 刘诗宇 |

Linklaters and Haiwen & Partners are advising China Tourism Group Duty Free Corporation  on its planned secondary listing in Hong Kong, with Freshfields Bruckhaus Deringer and Jia Yuan Law Offices advising the joint underwriters.

S&C, Freshies lead on Chinese EV maker’s planned HK dual primary listing

BY Kristen Liu 刘诗宇 |

Sullivan & Cromwell and Fangda Partners are advising Chinese smart electric vehicle maker Xpeng on its planned dual primary listing in Hong Kong, with Freshfields Bruckhaus Deringer and JunHe advising the joint sponsors. The listing is expected to raise nearly $2 billion.

AZB, SAM, IndusLaw act on $625 mln India cosmetics deal

BY Aparna Sai |

AZB & Partners has advised investment firm KKR on its $625 million acquisition of a stake in India’s Vini Cosmetics, which was counselled by Shardul Amarchand Mangaldas, with IndusLaw representing the seller Sequoia Capital.

Davis Polk, K&E lead on bubble-tea maker’s planned $657 mln HK IPO

BY Kristen Liu 刘诗宇 |

Davis Polk & Wardwell and Global Law Office are advising Chinese bubble-tea maker Nayuki Holdings on its planned IPO in Hong Kong, with Kirkland & Ellis and Jingtian & Gongcheng advising the joint sponsors.

Malaysia: Wong & Partners advising Italy’s Generali on $312 mln of acquisitions

BY Asian Legal Business |

Wong & Partners, Baker McKenzie’s Malaysia member firm, is advising Italian insurer Assicurazioni Generali on multiple acquisitions in the Southeast Asian country totaling $312 million.

Cleary, AHP advising Garuda Indonesia on strategy following default

BY Reuters |

Cleary Gottlieb Steen & Hamilton and Assegaf Hamzah & Partners are advising airline Garuda Indonesia on its strategy after the flag carrier said it could not distribute coupon payments for its $500 million sukuk following a 14-day grace period.