Contact details

George Cyriac

T: +65 6622 9692 Email George | vCard Office: Jakarta, Singapore

Awards

Recommended lawyer for Corporate and M&A: Singapore/ Vietnam: Foreign Desk/ India: Foreign Firms/ Philippines: Foreign Firms

Recommended lawyer for Corporate and M&A: Singapore/ Vietnam: Foreign Desk/ India: Foreign Firms/ Philippines: Foreign Firms

Leading individual for Corporate/M&A – Singapore and India

Leading individual for Corporate/M&A – Singapore and India

Listed as a name to know in Singapore by Global Restructuring Review

Listed as a name to know in Singapore by Global Restructuring Review

George Cyriac Partner

Contact details

George Cyriac

George Cyriac
Partner

T: +65 6622 9692 Email George | vCard Office: Jakarta, Singapore

George is a corporate and private equity partner based in Singapore and Jakarta. He has over 20 years of experience advising on complex cross-border corporate and restructuring transactions across several jurisdictions in Asia including Indonesia, Vietnam, India, the Philippines, Thailand and Malaysia and in New York.
  • Profile
  • Services
  • Sectors
  • Locations

George acts in a range of corporate transactions across Asia for multinationals and Asian companies, private equity and venture capital funds, state owned enterprises and banks, and also advises clients on restructurings and workouts in Indonesia and India.

He is a highly regarded private equity lawyer, having acted for leading global and Asia-based private equity sponsors in Asia and New York in transactions across the investment cycle, including investments, disposals and complex restructurings and related disputes.

He currently divides his time between Singapore and Jakarta, where George takes the lead in servicing the firm’s clients in the Indonesian market.

George is admitted to practice in New York and India and is a graduate of the Columbia University, School of Law, where he was a Harlan Fiske Stone Scholar.

Prior to joining Stephenson Harwood, he worked in Singapore and New York with other leading international law firms and in India with the affiliate of a leading U.S. law firm.

“George Cyriac brings a high level of quality and polish to transactions, whilst at the same time being very aware of local practical issues and challenges…

The Legal 500 Asia Pacific 2020

  • Foreign direct investment
  • Corporate
  • Sustainable business and investment
  • Restructuring and insolvency

Private equity fund

Advising private equity fund ASEAN Industrial Growth Fund on its FDI issues relating to its regional investment in KMC Solutions, a Philippines-based co-working and flexible workspace provider.

Fortune 500 global logistics company

Advising a fortune 500 global logistics company on its investment entry into Indonesia including obtaining FDI related licenses to operate its logistics business and advising on FDI limits and requirements.

Finch Capital and Sovereign Capital

 Advising Finch Capital and Sovereign Capital on several rounds of FDI investments into an Indonesian based gift card and customer retention platform serving various markets in Southeast Asia and the United States.

LOGOS Group

Advising the LOGOS Group on the establishment of the LOGOS India Logistics Venture, a Singapore incorporated asset management platform, to fund investments in logistics real estate in India.

Refinitiv

Advising Refinitiv on its acquisition of AlphaDesk, a multi-asset class and multi-currency OMS platform to deliver integrated workflow solutions.

DMI Finance Private Limited

Advising DMI Finance Private Limited, a Singapore and India based private credit fund, on the acquisition finance and underlying acquisition of a specialty chemicals business.

Singapore Technologies Aerospace Ltd

Advising Singapore Technologies Aerospace Ltd (ST Aerospace) in transferring to Japan Airlines part of its shareholding in ST Aerospace (Guangzhou) Aviation Services Company Limited, which runs a maintenance, repair and overhaul facility in Guangzhou, and in the joint venture arrangements with the Guangdong Airport Authority and Japan Airlines.

Luxoft Inc.

Advising Luxoft Inc. a NYSE listed technology company, in its acquisition of 100% of the share capital of Deriv IT Solutions Private Limited, and its subsidiaries and businesses in Singapore, Hong Kong, France, UAE and China.

Delmar Systems

Advising Delmar Systems, a global supplier of offshore mooring services, on regional aspects of its global acquisition of Vryhof including on compliance matters relating to its FDIs in the region.

Global asset manager and private equity fund

Advising a global asset manager and private equity fund, in connection with FDI issues relating to the proposed sale of their investments in India.

Private equity fund

Advising a private equity fund based in Asia in connection with the FDI issues arising from the sale of their interest in a premium supermarket chains in Malaysia.

Creador

Advising an active private equity fund, Creador, in connection with their FDI issues relating to several private equity acquisitions, disposals and restructuring in Indonesia including on investment and divestment conditions and restrictions.

More: Foreign direct investment

Advised AirAsia Group Berhad and Asia Aviation Capital Limited on the sale of the entire equity interest in Merah Aviation Asset Holding Limited to U.S. private investment firm Castlelake LP in a deal valued at US$768 million.

Advised Singapore Technologies Aerospace Ltd in transferring to Japan Airlines part of its shareholding in ST Aerospace (Guangzhou) Aviation Services Company Limited, which runs a maintenance, repair and overhaul facility in Guangzhou, and in the joint venture arrangements with the Guangdong Airport Authority and Japan Airlines.

Advised Refinitiv Limited in the acquisition of certain businesses and assets in Singapore from AlphaDesk Asia.

Advised a leading European bank in the sale of two portfolios of assets to Oak Hill Advisors in an auction process.

Advised a leading European bank in the sale of a portfolio of assets to Fortress Investment Group.

More: Corporate

Advising CLSA Clean Resources Asia Growth Fund on its investment in Earth Water Group, a water treatment and solutions company in India.

Advising CLSA Clean Resources Asia Growth Management Limited on its investment through convertible and exchangeable bonds in PT Sari Wangi AEA, the largest exporter and manufacturer of tea and herbal products in Indonesia, and on the subsequent restructuring of its investment in the context of a PKPU composition plan.

Jointly advising the International Finance Corporation and the Asian Development Bank in an investment in Bhutan in the agricultural sector.

Advising on numerous private equity investments and investments for multilateral institutions where the asset manager or the multilateral institution had strict ESG requirements that the investee company had to meet. This involved both a due diligence review of the investee company's compliance with such requirements and advising on remediation measures, as well as putting in place a contractual framework to ensure ongoing monitoring and compliance with such requirements. 

More: Sustainable business and investment

Advised CLSA Clean Resources Asia Growth Fund on its investment through convertible and exchangeable bonds in PT Sari Wangi AEA, the largest manufacturer and exporter of tea and herbal products in Indonesia, and in the subsequent restructurings of the fund's investments following a PKPU process in Indonesia, including litigation with creditors.

Represented PT Pertamina (Persero) as the lead creditor in the restructuring of US$1.5 billion of debt and equity of PT Trans-Pacific Petrochemical Indotama, an Indonesian company that owns a petrochemicals complex in East Java.

Advised PineBridge Investments Asia Ltd. in several transactions in India involving the restructuring and disposition of investments.

Represented PT Bakrie Sumatera Plantations Tbk., a leading crude palm oil producer in Indonesia, in the acquisition of the oleochemical companies and certain plantations companies of the Domba Mas Group for a consideration of approximately US$238 million. The transaction also involved the restructuring and refinancing of the existing debt of the acquired companies.

  • Private equity

George has represented various private equity funds on acquisitions, divestments, restructurings and fund raisings. 

Funds he has acted for include Baring Private Equity Asia, CLSA, Pinebridge Investments, GHO Capital, J.C. Flowers, Redwood Group Asia, Starwood Capital, Brookfield and Orion Capital.

Representative transactions include:

Advised ASEAN Industrial Growth Fund on its investment in KMC Solutions, a Philippines-based co-working and flexible workspace provider.

Advised LCatterton on its investment in Zenyum, a dental devices company.

Advised Creador III LLC on the sale of its stake in Cimory, an Indonesian food manufacturer and distributor.

Advised Logos Group in a joint venture with the Assetz Group to establish an approximately US$400 million fund to invest in logistics real estate in India.

Advised Baring Private Equity Asia in an investment in Jakarta Eye Centre, an Indonesian company that operates eye hospitals and clinics in Indonesia. 

  • Indonesia
  • India

Advised Creador III LLC on the sale of its stake in Cimory, an Indonesian food manufacturer and distributor, and in the sale of two other portfolio investments.

Advised Finch Capital in its investments in several Indonesian companies including Ayo Technologies, TADA Networks, Jojonomic and Pintek.

Advised Baring Private Equity Asia in an investment in Jakarta Eye Centre, an Indonesian company that operates eye hospitals and clinics in Indonesia.

Advised International Finance Corporation in the sale of its stake in PT Bank Tabungan Pensiunan Nasional to two buyers.

Advised PT Pertamina (Persero) as the lead creditor in the restructuring of US$1.5 billion of debt and equity of PT Trans-Pacific Petrochemical Indotama, an Indonesian company that owns a petrochemicals complex in East Java.

Advising DMI Finance Private Limited, a Singapore and India based private credit fund, on the acquisition finance and underlying acquisition of a speciality chemicals business.

Advising the Logos Group, an Australian logistics real estate fund in a joint venture with the Assetz Group to establish an approximately US$400 million fund to invest in logistics real estate in India.

Advising Luxoft, Inc. an NYSE listed technology company, in its acquisition of 100% of the share capital of Deriv IT Solutions Private Limited, and its subsidiaries and businesses in Singapore, Hong Kong, France, UAE and China.

Advising GMR Infrastructure Limited in a joint venture with Megawide Construction Corporation for the development and operation of the Mactan-Cebu International Airport in the Philippines on a BOT basis for a total construction cost (including the premium payable to the government) of US$700 million.

Advising PineBridge Investments Asia Ltd. in several restructuring and disposal transactions in India involving its investments.

Awards

Recommended lawyer for Corporate and M&A: Singapore/ Vietnam: Foreign Desk/ India: Foreign Firms/ Philippines: Foreign Firms

Recommended lawyer for Corporate and M&A: Singapore/ Vietnam: Foreign Desk/ India: Foreign Firms/ Philippines: Foreign Firms

Leading individual for Corporate/M&A – Singapore and India

Leading individual for Corporate/M&A – Singapore and India

Listed as a name to know in Singapore by Global Restructuring Review

Listed as a name to know in Singapore by Global Restructuring Review

Latest news & insights

29 Apr 2022

From News

Kamal Shah and George Cyriac named in India Business Law Journal’s ‘International A-List’ for fourth year running

Stephenson Harwood partners Kamal Shah and George Cyriac have been named in India Business Law Journal’s (IBLJ) ‘International A-List’, for the fourth consecutive year..

More

30 Mar 2021

From News

Kamal Shah and George Cyriac named in India Business Law Journal’s ‘International A-List’ for third year running

Stephenson Harwood partners Kamal Shah and George Cyriac have been named in India Business Law Journal’s (IBLJ) ‘International A-List’, for the third year running.

More

15 Jan 2021

From Insights

Use of electronic signatures in Singapore

The global technological landscape is evolving rapidly and various advancements in digital technologies have transformed the way we transact.

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29 Sep 2020

From News

Partner George Cyriac joins SVCA’s ESG committee

Stephenson Harwood (Singapore) Alliance partner George Cyriac has joined the environmental, social and governance (ESG) committee of the Singapore Venture Capital & Pr..

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15 Jul 2020

From Insights

Down rounds and anti-dilution provisions

The Covid-19 outbreak and the resulting market downturn has had a significant adverse impact on valuations across several sectors in Southeast Asia.

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20 Apr 2020

From Insights

COVID-19 Series: Singapore updates

Update on AGMs in Singapore

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25 Mar 2020

From News

Kamal Shah and George Cyriac included in India Business Law Journal’s ‘International A-List’ for second year running

Stephenson Harwood partners Kamal Shah and George Cyriac have been included in India Business Law Journal’s (IBLJ) ‘International A-List’ for the second year running.

More

12 Aug 2019

From News

Stephenson Harwood named key India player for third consecutive year

Law firm Stephenson Harwood LLP has been named a key player by India Business Law Journal for its India-related work for the third consecutive year.

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03 Apr 2019

From News

Kamal Shah and George Cyriac recognised as top international lawyers by India Business Law Journal

Stephenson Harwood partners Kamal Shah and George Cyriac have been included in the top 100 international lawyers list for India-related matters by India Business Law J..

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03 Jan 2019

From News

Stephenson Harwood (Singapore) Alliance advises AirAsia Group Berhad on US$768 million Merah Aviation sale

Stephenson Harwood (Singapore) Alliance has advised AirAsia Group Berhad, and its wholly-owned subsidiary Asia Aviation Capital Limited (AACL), on the sale of AACL's e..

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© Stephenson Harwood LLP 2016. Any reference to Stephenson Harwood in this document means Stephenson Harwood LLP and/or its affiliated undertakings. Any reference to a partner is used to refer to a member of Stephenson Harwood LLP.