Asian Legal Business

This is the first IPO by an electric vehicle maker in India, representing a significant push to Prime Minister Narendra Modi’s clean energy drive. A stock market boom has already led more than 150 Indian companies to raise nearly $5 billion through public listings in the country between January and July, nearly double the figure for the same period last year, LSEG data shows. Law firms involved: For Ola Electric: Cyril Amarchand Mangaldas and Latham & Watkins For Book Running Lead Managers: Shardul Amarchand Mangaldas & Co and Linklaters Lawyers involved: CAM deal team: Yash J. Ashar, Anuj Pethia, Rishav Buxi, Saurav Das, Ayana Banerjee, Shashwat S., and Sushant Khalkho. Bharat Reddy, Sindhushri Badarinath and Shaishavi Kadakia have also advised on matters related to promoter’s trust and employee compensation. Janhavi Manohar and Vedansh Batwara have advised certain selling shareholders on the deal. SAM deal team: Prashant Gupta, Sayantan Dutta, Ruth Chenchiah, M. Koshy Mammen, Megha Mehta and Divya Dhawan. Linklaters team: Amit Singh, Joseph Wolpin. Latham: Rajiv Gupta More on the deal from Nimitt Dixit https://lnkd.in/gBKniqki

U.S. law firm Gibson Dunn & Crutcher has advised Hahn & Company, a leading South Korea-based private equity firm, on the formation of Hahn & Company IV, its fourth Korea-focused buyout fund. Hahn & Company IV raised approximately $3.4 billion in capital commitments, surpassing its target of $3.2 billion, and is reported to be the largest single-country investment fund ever formed in Asia, excluding China. Key lawyers involved: Gibson Dunn: Albert Cho, Kathy Wen, Brian Ham, Yicheng (Keira) Su, Christina Fong, Rachelle Tong, Daniel Zygielbaum, Pamela Lawrence Endreny, Loren Lembo, Rebecca Friedman, Duncan Hamilton, Michael Collins, Darius Mehraban, Aja Sanneh, Vlad Zinovyev Find out more from Nimitt Dixit: https://lnkd.in/g6R9pmrT

EXTENSION ALERT! Missed the nomination deadline and had interest in the ALB Middle East Law Awards 2024? We've got good news for you! We're extending the submission deadline to 14 August, giving you a second chance to showcase your firm's excellence and achievements in the legal profession. Don't miss this opportunity to gain industry recognition and join the prestigious list of nominees. Download your submission materials here - https://bit.ly/3YdkhXG For inquiries, write us on albawards@thomsonreuters.com. #ALBAwards #MiddleEast #LawAwards #NominationDeadline #Extension #LegalProfession #AwardsSeason

Exclusive: Cyril Amarchand Mangaldas starts August with another partner hire, adding labour and employment partner Sowmya Kumar, a source with knowledge of the move told ALB. Kumar, previously at IndusLaw brings 15 years of experience advising companies in relation to labour and compliance-related queries, and also structuring of internal regulatory policies. IndusLaw confirmed that Kumar has left the firm a few months ago and wished Kumar well for her future endeavours. More on the move by Nimitt Dixit https://lnkd.in/gHGReQNP Correction: Sowmya Kumar has joined CAM on her own and not with a team from IndusLaw.

Beijing-headquartered Yingke Law Firm has established a new office in Tokyo, Japan, marking its 48th overseas branch. Yingke tells ALB that the Tokyo office will be led by director Wu Ting. In terms of future development, together with other segments such as tax, business visits and travel, the office will build a team of one hundred people. With the opening of the Tokyo office, Yingke said in a press release that its Japan practice will not only be able to better serve the legal needs of the original Japanese companies in China but will also be able to provide additional assistance to Chinese clients studying, working and investing in Japan, as well as conducting business there. Read Charlie Wu's story here https://lnkd.in/g27v_DqY

Khaitan & Co has advised UltraTech Cement, India’s largest cement company, on its acquisition of a majority stake in rival India Cements for 39.54 billion rupees ($421 million). The acquisition comes amid the battle for control of India’s cement market intensifies between ABG’s UltraTech and Gautam Adani’s Ambuja Cement and ACC brands, with both looking at strategic deals to increase capacity and consolidate the market. Khaitan: deal team: Haigreve Khaitan, Abhishek Dadoo, Niren Patel, Shashank Patil, Jayantika Khanna, Aman Bagaria and Vritika Lakhwani. Nimitt Dixit has more https://lnkd.in/grZhgtw8

Exclusive: Cyril Amarchand Mangaldas has continued its strong hiring in July with the addition of corporate and finance partner Jay Parikh from Luthra and Luthra Law Offices, according to sources with knowledge of the move. Parikh, who joins CAM’s corporate team in Ahmedabad and Mumbai, brings close to two decades of experience in corporate transactions, private equity and banking and finance. His clients have included GMM Pfaudler, UVARCL Dr Lal Path Labs, Luxottica Group, Neev Fund II, and Rolls-Royce Power Systems. Nimitt Dixit has the exclusive https://lnkd.in/gw8GJJVV

Lee Choon Wan & Co is advising Malaysia's top mini-market chain retailer 99 Speed Mart Retail on its planned $509 million IPO, the country's biggest in seven years. Christopher & Lee Ong, a member firm of Rajah & Tann Asia is counselling the underwriters. Founded by entrepreneur Lee Thiam Wah in 1987 as a traditional sundry store, 99 Speed Mart, plans to offer an up to 17 percent stake, Reuters reported. The offering will also be Southeast Asia's biggest IPO in over one year since Amman Mineral Internasional's listing in Indonesia in July last year, Reuters noted. More information: https://lnkd.in/gNWiYffc

Indonesia’s TNB & Partners, which operates in association with Norton Rose Fulbright, has hired disputes and arbitration specialist Erie Tobing as a partner from local outfit Soemadipradja & Taher. Tobing’s dispute resolution expertise spans sectors such as construction, financial institutions, mining, shipping, and telecommunications. He joined Soemadipradja in 2018, having worked at Ricardo Simanjuntak & Partners earlier in his career. “Erie will add depth to our dispute resolution offering in Indonesia, alongside our existing strengths in corporate and banking and finance advice,” said Kresna Panggabean, managing partner of TNB, in a statement. Find out more: https://lnkd.in/gx5qhBwG

AZB & Partners has acted for technology company Accenture on its strategic acquisition of a minority stake in global capability centre (GCC) platform ANSR. The deal, worth $170 million according to NDTV Profit, creates a strategic alliance to help clients design, set up, and optimize global teams for technology and business functions. AZB deal team: Vaidhyanadhan Iyer, Vasudha Asher, Sana Nagar, and Avani Laad. AZB due diligence team: Rashmee Kumar and Rimjhim Mishra. Nimitt Dixit has more https://lnkd.in/gQ8kr39z