Landmark Investments

Potential acquisition of a stake in a developer of a 10MW solar power plant in the Philippines to promote renewable energy as a primary source of energy

C&G Law is advising the solar energy arm of a leading China-headquartered intelligent energy solutions provider in its potential acquisition of a stake in a developer of a 10MW solar power plant in Butuan City, Agusan Del Norte in the Philippines. This project is under the Green Energy Auction Program (GEAP) of the Philippine Department …

Potential acquisition of a stake in a developer of a 10MW solar power plant in the Philippines to promote renewable energy as a primary source of energy Read More »

Keppel Capital’s S$1 billion acquisition of European Asset Manager Aermont Capital

Rajah & Tann Singapore acted as the Singapore legal adviser to Aermont Capital Group SCSp in relation to the sale of all issued voting shares in Aermont Capital S.a.r.l to Keppel Capital Holdings Pte. Ltd. (“Keppel Capital”) for a maximum consideration of €931.9 million (approximately S$1.35 billion). Keppel Capital will acquire an initial 50% stake …

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Investment in Pertamina Geothermal Energy

Assegaf Hamzah & Partners acted as an Indonesian counsel to Masdar Indonesia Solar Holdings Rsc Limited (“Masdar”) and Indonesia Investment Authority’s (“INA”) as strategic investors in the Initial Public Offering (IPO) of PGE, a state-owned geothermal producer in Indonesia. The investments by INA and Masdar are US$120 million and US$360 million, respectively. This transaction marks …

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Merger of Indonesian State-Owned Enterprises to Streamline Land Transportation Services

Assegaf Hamzah & Partners assisted in the merger of two state-owned enterprises, Perusahaan Umum (Perum) DAMRI and Perusahaan Umum (Perum) Pengangkutan Penumpang Djakarta, where both are engaged in the land transportation industry. The land transport industry is projected to experience growth in the future and is one of the sectors that needs to be strengthened …

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Singapore’s 1st acquisition of a target company by a SPAC transaction – 17LIVE’s approximately S$923 million business combination with Vertex Technology Acquisition Corporation Ltd, and the listing of the resulting issuer 17LIVE Group Limited on the Singapore Exchange.

Rajah & Tann Singapore acted for 17LIVE Inc. in its S$922.9 million first de-SPAC merger in Singapore involving the acquisition by Vertex Technology Acquisition Corporation Ltd (VTAC), a special purpose acquisition company (SPAC) listed on the SGX-ST. The shares of the resulting issuer, 17LIVE Group Limited, has commenced trading on the SGX-ST following the successful …

Singapore’s 1st acquisition of a target company by a SPAC transaction – 17LIVE’s approximately S$923 million business combination with Vertex Technology Acquisition Corporation Ltd, and the listing of the resulting issuer 17LIVE Group Limited on the Singapore Exchange. Read More »

Keppel, Sembcorp Marine S$4.5 billion merger to create world’s biggest oil-rig builder, and the S$4 billion sale of Keppel O&M’s legacy rigs

Rajah & Tann Singapore acted for Temasek Holdings (Private) Limited (“Temasek”), a controlling shareholder of Sembcorp Marine Ltd (“Sembcorp Marine”) and a substantial shareholder of Keppel Corporation Limited (“Keppel”), on the combination of Sembcorp Marine and Keppel Offshore & Marine Ltd (“Keppel O&M”), to form an enlarged group listed on the SGX-ST with Temasek as …

Keppel, Sembcorp Marine S$4.5 billion merger to create world’s biggest oil-rig builder, and the S$4 billion sale of Keppel O&M’s legacy rigs Read More »

EUR6.8 billion largest takeover of a private equity firm by another in the sector – Merger of Baring Private Equity Asia and EQT AB

Rajah & Tann Singapore is acting as Singapore counsel in the merger of Baring Private Equity Asia and Swedish investment firm EQT AB, with a transaction consideration of 191.2 million new EQT ordinary shares and EUR 1.6 billion in cash. We have been working with Ropes & Gray and various international law firms in this …

EUR6.8 billion largest takeover of a private equity firm by another in the sector – Merger of Baring Private Equity Asia and EQT AB Read More »

Largest reported Vietnamese M&A transaction – Vietnam’s EV manufacturer Vinfast’s US$23 billion SPAC merger with Black Spade

Rajah & Tann Singapore advised VinFast Auto Ltd. in respect of its business combination with Black Spade Acquisition Co., a special purpose acquisition company (SPAC) which valued VinFast Auto Ltd. at approximately US$23.0 billion, and the listing of VinFast Auto Ltd. on The Nasdaq Stock Exchange following completion of the business combination. This transaction represents …

Largest reported Vietnamese M&A transaction – Vietnam’s EV manufacturer Vinfast’s US$23 billion SPAC merger with Black Spade Read More »

Largest reported M&A in Myanmar in 2023 – Sale of Oredoo Group’s Telecom Business in Myanmar

Rajah & Tann Myanmar acted in the sale by Ooredoo South East Asia Holdings W.L.L of its interest in Ooredoo Asian Investment Pte Ltd, a company incorporated in Singapore being the holding company of Ooredoo’s mobile operating business in Myanmar. The telecom sector is a regulated industry and is also a strategic industry for the …

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S$2.161 billion acquisition of suburban retail assets, Jurong Point and Swing By @ Thomson Plaza

Rajah & Tann Singapore acted for Link Real Estate Investment Trust (“Link REIT”) in its first acquisition in Singapore – the approximately S$2.161 billion acquisition of suburban retail assets, Jurong Point and Swing By @ Thomson Plaza, from Mercatus Co-operative Limited, a subsidiary of NTUC Enterprise Co-operative Limited. The acquisition provides Link REIT with a …

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