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29 May 2013


Colin Ng & Partners LLP Acted for Ocean Dial Investment Company Singapore on the Acquisition of Ocean Dial Group


Colin Ng & Partners LLP ("CNP") acted for Ocean Dial Investment Company Singapore Pte. Ltd. in its acquisition of the whole of the issued share capital of Ocean Dial Group Limited ("ODGL") from Caledonia Investments Plc ("Caledonia"), which was completed after receipt of approval from the Financial Conduct Authority of UK. Caledonia is a self-managed investment trust listed on the London Stock Exchange with net assets of over 1 billion.

The CNP lawyers who led the transaction are Partner Bill Jamieson and Senior Foreign Associate Amit Ramkrishn Dhume.

ODGL's FCA authorised subsidiary Ocean Dial Asset Management Limited ("ODAML") manages two India focused investment funds, the India Capital Growth Fund ("ICGF") and the Gateway to India Fund ("GTIF"). ODGL also owns Ocean Dial Advisers Private Limited, the research business based in Mumbai, which provides advisory services to the fund manager in London. ODAML will continue to manage ICGF and GTIF and will seek to expand its funds under management.

Commenting on the transaction, Bill Jamieson said, "We are pleased to be part of this transaction, which is an interesting addition to the deals we have worked on in the fund management space, involving as it does Singapore, London and India. We are seeing more India focussed businesses working closely with CNP on their cross-border transactions, where our knowledge of Singapore and the international markets can help clients execute deals efficiently."





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