Venture Capital/ Private Equity transactions

• Olive Tree Capital: Advising and assisting Boston-based Olive Tree Capital which led a US$15m Series A round investment in Karbon Card, a fintech company specializing in corporate cards, with participation from Harmony and Avenir Growth Capital. Karbon intends to use the investment proceeds to grow its business towards becoming India’s first Neobank designed especially for the corporates.
• Olive Tree Capital: Advising and assisting Olive Tree Capital which led a US$30m Series A round investment in roll-up e-commerce startup 10Club, with participation from Fireside Ventures and Secocha Ventures. 
• Maven Capital: Advised and acted for one of the UK's most active and leading private equity firms, Maven Capital Partners ("Maven"), and on behalf of its Venture Capital Trusts, in their £2.5 million equity investment in the award-winning sustainability solutions provider, Turnkey Group Ltd. ("Turnkey"), whose innovative SaaS technology platform, Sustainion, supports businesses to map performance against ESG frameworks and regulatory requirements. The secured funding will scale Turnkey's workforce and technology platforms, while accelerating its 5-year growth plan - fuelling future expansion plans across regions in Asia and Europe throughout.
• AG Active Fund 1: Leading, advising and acting for the Lead Investor, AG Active Fund I, L.P. in its US$5 million investment into Sarisuki Pte. Ltd's US$12.7 million Series A equity fundraising round. AG Active's substantial investment and strategic position as a Philippines-based investment fund aimed to fuel expansion of the Company's business of operating a social grovery commerce platform into the Philippines.
• AG Active/ Kickstart Ventures: Leading, advising and acting for the Lead Investor, AG Active in a US$5 million Series A funding investment in Manila-based food-tech startup Mosaic Solutions. The round also had participation from returning investors Gentree Fund and Investible. With its latest round of funding, Mosaic Solutions will use its resources to develop and refine its cloud-based platform and expand its user base in the Philippines.
• Leo Capital: Advised and assisted Leo Capital which led a US$3.5m seed funding round in fintech startup EximPe. The funding round also saw participation from other investors including RB Investments, Founder Bank Capital, iSeed Ventures, 2am VC, LetsVenture, and BoldCap and multiple angel investors. EximPe will use the funding for key position leadership recruitment, and also strengthen its product offerings.
• Leo Capital: Advised and assisted Leo Capital which led a US$2.2m pre-Series A funding round in DeZy- a Singapore-based decentralised finance (DeFi) startup,. The funding round also saw participation from other investors including HH Investments, HY Sia, DeFiance Capital and angel investors. DeZy intended to utilize the funds to support future product releases and expand its workforce.
• The University of Tokyo-Edge Capital: Advising and acting for the venture capital arm of The University of Tokyo-Edge in pre-Series A round of $4.25 million with participation from Vietnam’s Touchstone Partners and Eureka’s seed round investor ATEQ. Funds received would help to accelerate the development of the Company’s main product, Eureka Controller, which enables system integrators and manufacturers to deploy high accuracy-high agility tasks in factories.     
• Validus Investment Holdings Pte Ltd: Advising and acting for market-leading peer-to-peer lending platform Validus in its Series C-1 fund-raising round which had participation from Vertex Ventures and Vertex Growth, FMO, Vinacapital Ventures and strategic investments from major East Asian players NongHyup Financial Group, NorinChukin Bank, Aizawa Asset Management and Lotte F&L Singapore. Also advised and assisted Company in its previous equity rounds including a US$20m Series B+ funding round led by Vertex Growth Fund and Kuok Group’s Orion Fund with participation by existing investors such as FMO, Vertex Ventures, Openspace Ventures, Vietnamese investment manager VinaCapital and AddVentures (an investment unit of Thailand’s Siam Cement Group). 
• ROKT Pte Ltd (“Rokt”): Advising and acting for e-commerce marketing technology Sydney-founded, New York-based unicorn - Rokt in its secondary transactions where valuation of Company increased from US$1.95billion to US$2.4billion. Also assisted in its US$325million Series E funding round led by investment firm, Tiger Global Management and involving other prominent investors such as Wellington Management, Whale Rock Capital Management, Pavilion Capital and existing shareholder Square Peg. The funds would be used in part to make acquisitions, invest in research and development and in hiring.
• Luno Pte Ltd (formerly known as BitX) and its founders: Leading, acting for and advising cryptocurrency platform company, Luno, on the buyout by an existing shareholder – Digital Currency Group (a global enterprise that builds, buys, and invests in blockchain companies) of all the remainder shares from the founders and all other shareholders for a confidential sum in a transaction that span various jurisdictions including Singapore, South Africa, USA, United Kingdom and Europe. Also advised and acted for Company and its founders in previous fund-raising rounds including a US$9 million Series B Investment by Balderton, RMIH and Digital Currency Group and a US$4 million Series A investment in this FinTech entity by PayU, a subsidiary of Naspers, and Digital Currency Group.
• Trax Technology Solutions Pte Ltd (“Trax”): Advising and acting for Trax (Singapore’s second unicorn) in a US$64 million investment round led by Warburg Pincus. Also advised and assisted Trax and its founders in a US$19.5 million investment led by Investec Bank plc, part of the international specialist banking and asset management group listed on the London Stock Exchange (LSE: INVP) and the Johannesburg Stock Exchange (JSE:INL). Subsequently continuing to provide advice on various corporate matters including employee incentive plans and shareholders’ loan.
• SpaceAge Labs: Advised and assisted SpaceAge Labs - a Singapore-based IoT / AI solutions startup, in a S$1.7 million seed funding round co-led by Silicon Solution Partners and SEEDS Capital, the investment arm of Enterprise Singapore. The seed funding would be used to grow its team, expand internationally, and roll out several pilot projects across Singapore, Australia, and the US.
• Aureus Analytics Ltd: Advising and acting for Aureus Analytics in its Series A fundraising round of US$3.1 million from Connecticut Innovation and other global funds including Multi-Act, Alpine Meridian and additional investment by existing investors. The matter involved 3 jurisdictions - Singapore, India and Connecticut (USA). The new round of funding will be used by Aureus Analytics to drive growth, geographic expansion in the North American market and scale-up their technological and product development. Also assisting the company in its ongoing transactional matters including issuance of convertible loans.
• PropertyGuru Pte Ltd: Advising Founders and minority shareholders on the sale of certain existing shares and investment in PropertyGuru Pte Ltd for an aggregate consideration of S$175 million from private equity firm TPG, Australian-based venture capital firm Square Peg Capital and Indonesian-based PT Emtek. Previously advised PropertyGuru in a S$60 million investment by ImmobilienScout24, a unit of German telecom giant Deutsche Telekom in 2012 and this investment was one of the largest ever in an Asian start-up at that time.
• Keppel Land Limited (“KLL”): Advising and acting for KLL in its US$25 million equity investment in an India-based entity- Smartworks Coworking Space Pvt Ltd (“Smartworks”), a leading pan-India flexible space solutions provider with a presence in nine major Indian cities, namely Delhi, Noida, Gurgaon, Kolkata, Bengaluru, Mumbai, Hyderabad, Chennai and Pune. This investment allows KLL to enter one of the world’s fastest growing flexible office markets, opening doors for further growth through this collaboration. With this strategic investment by KLL, Smartworks would scale up even more rapidly across India’s Tier 1 and Tier 2 cities.
• Several other investment related transactions involving start-ups, family offices, limited partners, institutional funds, corporate VCs from Singapore to India and beyond.

M&A/ Corporate

• Think & Learn Private Limited (Byju’s): Leading and advising on the Singapore law aspects of this transaction where India’s digital learning pioneer Byju’s acquired professional training and higher education platform Great Learning for $600 million, accelerating an acquisition spree to expand globally.
• Tolaram Group (“TG”) and Tolaram Africa (“TA”), a subsidiary of TG: Assisting on a long-term joint venture between TA and NYSE-listed Kellogg Company (“KC”) to 1) create a partnership between TA and KC to develop snacks and breakfast foods for the West African market and 2) acquire 50% in the Multipro Group, a subsidiary of TG and the largest distributor of food products in Nigeria and Ghana, for US$450 million (S$634 million). 
  Subsequently advising TG and TA on a follow-on transaction amounting to a further US$419 million (S$553 million) in relation to Kellogg’s increased investment in West African businesses, mainly 1) the exercise of a call option by a wholly owned subsidiary of leading multinational food manufacturing company Kellogg Company ("Kellogg") to acquire a 50% stake in Tolaram Africa Foods Pte. Ltd. (“TAF”), a holding company of a leading manufacturer and marketer of packaged foods in Nigeria and Ghana; and 2) the sale of a 1% stake in the Multipro Group, the largest distributor of food products in Nigeria and Ghana.
• Mitsubishi Chemical Corporation (“MCC”): Advising MCC on the Singapore law aspects of its cross-border restructuring and amalgamation matters which involved combination of entities in Singapore and Japan worth, in aggregate, over billion yen in asset value. Continue to advise on its corporate matters in Singapore.
• Canada-based Hunter Amenities International Pte Ltd: Acting for Hunter Amenities in the sale of its subsidiary – Woleco Hotel Supplies Pte Ltd (“Woleco Distribution”) including coordinating foreign counsel across Thailand, Indonesia, China, India, Malaysia and Taiwan in restructuring and change of control related matters pursuant to the sale of Woleco Distribution to American Hotel Register Company for confidential amount.
• Sembawang Shipyard Pte Ltd (SSPL): Acting for Sembawang Shipyard Pte Ltd, the wholly owned subsidiary of Sembcorp Marine Ltd, in a cross border joint venture transaction with Kakinada Seaports. SSPL and Kakinada Seaports formed a joint venture company - Sembmarine Kakinada Ltd (SKL) - in India to 2 establish and operate a one-stop integrated marine and offshore facility on the east coast of India to cater to offshore vessels and merchant ships trading or operating in the area, regarded as one of the world's key oil and gas exploration areas. SSPL will initially hold a 19.9% share of the joint venture's initial investment of US$50 million, with an option to increase to 40%. 
• Nanyang Polytechnic and Chinese Development Assistance Council: Acting in reviewing and advising on investment management agreements with fund managers, Lion Capital and UOB Asset Management.
• Several other business-related transactions for various clients including Bachy Soletanche, Mitsubishi Chemical Asia etc.