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