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04 Jul 2016

Stephenson Harwood (Singapore) Alliance acts on US$500 million of M&A transactions in Q2 2016

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The corporate team of Stephenson Harwood (Singapore) Alliance has advised on several high-profile transactions during the second quarter of 2016, with an aggregate value in excess of US$500 million.  Recently closed deals include acting for:

  • Myanmar Investments International Limited on various matters, including in respect of Overseas Private Investment Corporation's initial disbursement of a US$250 million loan to Apollo Towers Myanmar Limited.  This follows on from the syndicated US$30 million equity investment led by MIL into Apollo Towers in July 2015.  Tom Platts (partner), Allan Tan (partner), Helen Rhind-Hufnagel (of-counsel), Mark Stephens (associate), Jason Yang (senior associate), Kyaw Zin Htet (associate) and Ngo Qiao Wen (associate) advised.
  • Yoshinoya on the acquisition of Yoshinoya (S) Pte Ltd, which operates a Japanese fast food restaurant chain in Singapore known for its "beef bowls".  The deal closed on 30 June 2016. Elaine Beh (partner), Dushyantha Perera (registered foreign lawyer) and Ngo Qiao Wen advised.
  • Quantum Pacific Shipping on the disposal of a 49.5% stake in six new-build mega container vessels to Ocean Yield ASA in an equity investment of approximately US$162 million.  The deal closed on 30 June 2016.  Tom Platts and Mark Stephens advised.
  • General Mills on the simultaneous corporate restructuring of its Häagen-Dazs business in Singapore and Malaysia.  Tom Platts, Allan Tan, Emma Nicholls (senior associate), Helen Rhind-Hufnagel and Ngo Qiao Wen advised.

"Despite reduced M&A activity in the first half of 2016, we continue to be busy with deals across the ASEAN region" said Stephenson Harwood (Singapore) Alliance partner George Cyriac. "We have seen a particular spike in activity in the last few months from private equity investors in markets such as Indonesia, Vietnam, Myanmar, Hong Kong and Korea and we are optimistic that this is a trend that will continue for the rest of the year."

Partner Elaine Beh said: "We have been delighted to be able to provide our clients with seamless international and Singapore law advice in connection with these and other regional transactions."

"There's been a huge effort, and great teamwork, across the office advising on these exciting transactions," added partner Tom Platts. "To have been engaged by clients to act on these interesting and innovative transactions is testament to the strength and depth of our Singapore Alliance."

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KEY CONTACT

Elaine Beh

Elaine Beh
Partner

T:  +65 6661 6851 M:  Email Elaine | Vcard Office:  Singapore

George Cyriac

George Cyriac
Partner

T:  +65 6622 9692 M:  Email George | Vcard Office:  Singapore

Tom Platts

Tom Platts
Partner

T:  +65 6622 9641 M:  Email Tom | Vcard Office:  Jakarta, Singapore

MEDIA CONTACT

Marilyn Quek
Business development manager

T: +65 6622 9654
Email Marilyn