Colin Ng & Partners LLP (“CNP“) recently acted as counsel for TA Activity Pte. Ltd. (“TAA“) as a seller of its equity and debt investments in Luxola Pte. Ltd. (“Luxola“) to Sephora.
Luxola is the holding company for a group operating an on-line beauty products store in markets in SE Asia. Sephora is a subsidiary of the French luxury group LVMH – Moët Hennessy Louis Vuitton headquartered in Paris. TAA is a Singapore investment vehicle belonging to Toivo Annus, a founder of Skype, that invests in b2c retailers and drone ecosystem companies.
The CNP partner advising TAA was Bill Jamieson from the firm’s Funds and Financial Services team.