Khaitan advises India’s Phoenix Mills on $733 mln partnership with GIC

BY Asian Legal Business |

Khaitan & Co has counselled Indian mall developer Phoenix Mills on a strategic partnership with Singapore’s GIC, under which the sovereign wealth fund will acquire “a significant minority stake” in a $733 million portfolio of developments in Mumbai and Pune.

A&O, Milbank act on Philippines’ largest-ever IPO

BY Asian Legal Business |

Allen & Overy has advised Philippine food maker Monde Nissin Corp on its 48.6-billion-peso ($1 billion) initial public offering, the country's largest-ever listing, with Milbank advising the joint global coordinators.

KWM, Bakers, Hogan Lovells act on HK’s first logistics-focused REIT listing

BY Asian Legal Business |

King & Wood Mallesons and Baker McKenzie have advised SF real estate investment trust (SF REIT), a unit of Chinese logistics giant SF Holding, on its $335 million listing in Hong Kong.

Bakers advises China Evergrande on sale of $1.4 billion Evergrande Vehicle shares

BY Asian Legal Business |

Baker McKenzie has advised property developer China Evergrande Group on the placement of 260 million shares, or 2.66 percent of issued share capital, of China Evergrande New Energy Vehicle Group HK$10.6 billion ($1.36 billion).

Skadden, Cleary lead on JD Logistics’ $3.2 bln HK IPO

BY Kristen Liu 刘诗宇 |

Skadden, Arps, Slate, Meagher & Flom and Shihui Partners have advised China’s leading logistics provider JD Logistics on its $3.2 billion IPO in Hong Kong Stock Exchange, with Cleary Gottlieb Steen & Hamilton and Han Kun Law Offices advising the joint underwriters.

Asia Deals: Week of May 24

BY Rowena Muñiz |

S&R Associates Embassy’s deal with Blackstone, Latham on Vietnam’s largest conglomerate in $500 mln offering, and much more in this week’s Asia Deals table.

Davis Polk, AHP, A&O act as Gojek, Tokopedia announce merger plans

BY Asian Legal Business, Reuters |

Davis Polk & Wardwell and Assegaf Hamzah & Partners are advising Indonesian ride-hailing and payments firm Gojek on its planned merger with the country’s e-commerce leader Tokopedia, which is being represented by Allen & Overy.

SAM, AZB act on Swiggy’s $800 mln fundraising

BY Aparna Sai |

Shardul Amarchand Mangaldas has advised Indian food-delivery app Swiggy on its $800 million fundraising round, which now values the company at $5 billion, with AZB & Partners representing Qatar Holding, one of the investors.

India: AZB acts on Byju’s $1 bln fundraising round

BY Aparna Sai |

AZB & Partners has advised SLP Beta Cayman (Silver Lake) as one of the investors in Indian online learning platform Byju’s $1 billion fundraising round, which values the company at $15 billion.

White & Case represents Panasonic on largest acquisition in a decade

BY Aparna Sai |

White & Case has advised Japan’s Panasonic Corporation on the purchase of the remaining 80 percent of U.S. supply-chain software company Blue Yonder for $5.6 billion.

Skadden advises HR firm on biggest Japan IPO since 2018

BY Aparna Sai |

Skadden, Arps, Slate, Meagher & Flom has counselled human resources firm Visional Inc. on its 66.88-billion-yen ($618 million) IPO on the Tokyo Stock Exchange Mother’s market.

CAM, IndusLaw, Sidley act on Indian real estate firm’s $331 mln IPO

BY Aparna Sai |

Cyril Amarchand Mangaldas has represented Indian real estate company Macrotech Developers on its 25-billion-rupee ($331 million) IPO on the BSE and NSE, with IndusLaw and Sidley Austin advising the lead managers.