CNPLaw LLP advised Symphony International Holdings Limited on its investment into Smarten Spaces Pte. Ltd.

Deals and cases


CNPLaw LLP advised Symphony International Holdings Limited on its investment into Smarten Spaces Pte. Ltd.

Date Published: 14 November 2019

The Team Advising On The Transaction: Amit Dhume, Abel Ho, Goh Wan Shuen and Neeti Relan.


CNPLaw LLP (“CNP”) advised London Stock Exchange-listed Symphony International Holdings Limited (“Symphony”) on its US$12 million investment into Smarten Spaces (“Smarten”), a Singapore-based software-as-a-service (“SaaS”) start-up. Symphony’s investment portfolio encompasses a wide variety of businesses in the healthcare, hospitality and lifestyle sectors, and this deal marks Symphony’s first investment in a SaaS company.

Launched in 2017, Smarten developed one of the world’s first end-to-end AI platforms to provide space management solutions to owners of commercial and industrial properties. Smarten’s AI platform can be used to manage building access control, reservation of conference rooms and individual workstations, room temperature and lighting, co-working spaces, food and beverage services, and community bulletin boards. Smarten will utilise the fresh capital from Symphony to expand its footprint across the Asia Pacific and North America, and tap into Symphony’s significant experience and connections in the real estate and hospitality industries to grow the business.

Mr Amit R. Dhume, Partner at CNP said:
“We are pleased to be part of the Smarten transaction, which shows a burgeoning interest in automated space management solutions. With Singapore topping the Global Cities AI Disruption Index as the city most ready for AI disruption, Singapore is no stranger to smart solutions. AI space management platforms such as Smarten’s allow businesses to manage their workspace and facilities much more efficiently, and we expect that the space management industry will continue its trajectory of growth both in Singapore and globally. We have also been involved in other transactions where investors are keen to diversify their portfolios to include Fintech and SaaS companies, and we are well placed to assist in these transactions.”


CNPLaw’s Mergers and Acquisitions Lawyers

Amit Dhume Partner at CNPLaw LLP


    Amit’s practice focuses on corporate law, investment funds, mergers and acquisitions and regulatory and compliance matters. He has over 15 years’ experience in these areas of law. Amit’s expertise has been recognised in Legal 500 Asia Pacific, 2021 as a Recommended Lawyer for Corporate and M&A as well as Investment Funds. In December 2016, Amit was named by Singapore Business Review as one of the 70 most influential lawyers in Singapore under the age of 40.

    Abel Ho Legal Associate at CNPLaw LLP

      Senior Associate
      Abel is a senior associate in the Funds team. His main areas of practice are in investment funds, mergers and acquisitions, and regulatory and compliance matters. He regularly assists in the establishment and operation of private funds and hedge funds using Singapore and offshore structures. He also assists in the full range of fund documentation including private placement memorandums, limited partnership agreements, investment management and sub-advisory agreements, administration agreements, and subscription agreements.

      Each M&A deal entails the confluence of multiple legal disciplines. That is why we take great care when assembling a team for each deal, ensuring that there is an optimal mix of specialisation in the clients’ identified areas of concern, such as taxemployment and intellectual property, and necessary industry-specific experience.

      We provide support to our clients at every stage of the deal. We will be there at the beginning of the process, helping to facilitate the negotiations between the parties and advising on the structure of the transaction. Once the parties have reached a consensus, we meticulously prepare the necessary documentation. Recognising that M&A deals are often the first page of a new chapter for the parties involved, we also provide post-transaction support to ensure a smooth transition such as the preparation of shareholder agreementsemployment agreements, and other relevant commercial documentation.

      Private equity can be a viable source of financing for companies that do not wish to increase their leverage. While the introduction of private equity can help take a company to the next level of its development, the competing interests involved can derail the very growth that such transactions are intended to accelerate if they are not properly managed.

      With years of experience overseeing private equity transactions (acting for both private equity investors and companies seeking to raise funds), our lawyers have an acute sense of the interests of both sides and are adept at managing investor relations. This ability to put themselves in the shoes of each party enables our lawyers to identify overlapping interests and pre-empt potential areas of conflict on issues such as the management of the company and the degree of investor protection.

      At CNPLaw, we understand that the current rapid advances in technology are significantly disrupting the way businesses operate and forcing them to evolve to stay relevant. In this fast-changing world, our clients will need lawyers that they can rely on to help them navigate the challenges and stay ahead of the technology game.

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