Contact details

George Cyriac

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

Awards

Recommended lawyer for Corporate M&A: Singapore / Philippines: Foreign firms

Recommended lawyer for Corporate M&A: Singapore / 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
  • 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

  • Corporate
  • Public and private M&A
  • Private equity and venture capital
  • Restructuring and insolvency

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

Advising AirAsia Group Berhad (AAGB), and its wholly-owned subsidiary Asia Aviation Capital Limited (AACL), on the sale of AACL's entire equity interest in Merah Aviation Asset Holding Limited (Merah Aviation) to U.S. private investment firm Castlelake LP in a deal valued at US$768 million.

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.

Advising Refinitiv Limited and Refinitiv Asia Pte Ltd in the acquisition from AlphaDesk Asia Pte. Ltd. of certain businesses and assets in Singapore.

Advising Aura Group (Singapore) Pte. Ltd. in establishing its first aviation fund, including fund formation and the fund’s investment.

More: Corporate
Advised Temasek Holdings (Private) Ltd. in a Series B investment in SecondMarket Holdings, Inc. through the subscription to preferred stock and a secondary acquisition of common stock from an existing shareholder. SecondMarket Holdings, Inc. owns a registered broker dealer in the US with an online platform for trading illiquid assets.

Advised Qatar International Enterprises in an investment in a Singapore based financial services company.

Advised GMR Infrastructure (Singapore) Pte. Limited on the sale of a 70 percent stake in GMR Energy (Singapore) Pte. Ltd. to a joint venture between First Pacific Limited and Meralco PowerGen Corporation, a wholly owned subsidiary of Manila Electric Company.

Advised a leading Indonesian oil and gas company in an acquisition of a controlling interest in a Kazakhstan company that owns subsoil use rights in certain oilfields in northern Kazakhstan.
 
More: Public and private M&A
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:

Advising CLSA in 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 in its investment in Earth Water Group, a water treatment and solutions company in India.

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

Advising Redwood Group Asia, a logistics real estate fund, in the issue of preferred capital to Equity International Management and Northern Lights Capital.

Advising Orion Capital on its establishment of a managed account platform for investments in Korean real estate for a leading pension fund.
 
More: Private equity and venture capital
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.

Advised the Lehman Brothers estate in the restructuring and divestment of more than 10 investments in public and private companies in India.
 
More: Restructuring and insolvency
  • India
  • Indonesia

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.

More: India

Advising Creador, a Malaysian headquartered private equity fund on the sale of its stake in an Indonesian food manufacturer and distributor.

Advising a private equity fund on its investment in a leading eye hospital chain in Indonesia.

Advising CLSA’s Clean Resources Fund in 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 the subsequent restructuring of this investment, including subsequent rounds of funding and creditor litigation in the context of a PKPU composition plan.

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

Advising PT Berau Coal in an exclusive marketing arrangement with Noble Group Limited for certain international destinations.

More: Jakarta

Awards

Recommended lawyer for Corporate M&A: Singapore / Philippines: Foreign firms

Recommended lawyer for Corporate M&A: Singapore / 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

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.

More

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..

More

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..

More

27 Jul 2018

From News

Stephenson Harwood named key India player

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

More

02 Apr 2018

From News

New beneficial ownership rules in Indonesia

Indonesia has recently issued a new Presidential Regulation No.13 of 2018 (issued on March 5, 2018) ("PR 13").

More

22 Feb 2018

From News

Stephenson Harwood (Singapore) Alliance advises ST Aerospace on 5% equity stake disposal in STA Guangzhou

Stephenson Harwood (Singapore) Alliance has advised Singapore Technologies Aerospace Ltd (ST Aerospace) on its agreement to divest a 5% equity stake in ST Aerospace (G..

More

27 Oct 2017

From Insights

Inward re-domiciliation: changes to the Singapore Companies Act allowing foreign firms to re-domicile to Singapore

On 10 March 2017, the Singapore Government passed the Companies (Amendment) Act 2017 which introduced an inward re-domicile regime in Singapore.

More

11 Jul 2017

From Insights

Relaxation of trading restrictions in Myanmar – Notification No. 36/2017

On 12 June 2017, the Ministry of Commerce issued Notification No. 36/2017 ("Notification No. 36/2017") to further liberalize trading in Myanmar.

More

28 Mar 2017

From Insights

Register of controllers: changes to the Singapore Companies Act, and the Limited Liability Partnerships Act, to be implemented on 31 March 2017

Following a public consultation in Singapore, the Singapore Government has recently passed the Companies (Amendment) Act 2017 and the Limited Liability Partnerships (A..

More

04 Jul 2016

From News

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

The corporate team of Stephenson Harwood (Singapore) Alliance has advised on several high-profile transactions during the second quarter of 2016, with an aggregate val..

More

08 Apr 2016

From Insights

New Myanmar Foreign Investment Law notification on the prohibited and restricted activities

The MIC published Notification 26/2016 dated 21 March 2016 on prohibited and restricted activities for foreign investment. Notification 26/2016 repeals Notification 49..

More

14 Mar 2016

From Insights

Myanmar mines law amendments

With abundant mineral wealth, the Myanmar mining sector is potentially a very attractive investment opportunity for miners and associated service providers. However, v..

More

05 Feb 2016

From Insights

Impact of key recent legislation on foreign investment in Myanmar

We consider a selection of the recently enacted legislation and published government notifications which we believe are of particular interest to foreign investors in ..

More

print-footer
logo
© 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.