Lawyer

Notable deal

Funds and Financial Services: Investment Funds

Shift4Good impact VC fund

CNPLaw LLP (“CNP”) advised Shift4Good SAS, a French impact VC fund manager focusing on sustainable mobility, as Singapore counsel on its first fund, which recently announced its first close at over €100 million. Investors include the European Investment Fund (EIF), Renault Group, French Sovereign Fund Bpifrance, MOTUL, mobility players from MOBILIANS, family offices, and entrepreneur-investors. Shift4Good focuses on sustainable mobility and the circular economy, with a fundraising target of €300 million. Shift4Good Fund-I will invest in approximately 30 Series A and B startups over the next five years, of which two-thirds will be in the European Union and one-third in the rest of the world, focusing on Southeast Asia. CNP also advised Hera Capital Partners Pte Ltd (“HCP”) as Singapore counsel on its participation in Shift4Good. Bill Jamieson, partner, advised HCP and Shift4Good, and said “We are very pleased to be able to assist HCP, a long-standing client, and Shift4Good on their impact investment business, which is becoming a major asset class in our region as well as globally” .

Notable deal

Mergers and Acquisitions: Trading

Lead transaction counsel to Estate Holdings Pte Limited (f.k.a. Integra Holdings Pte Limited) on the sale of Granite Capital SA, a Swiss based petrochemical product trader, to a subsidiary of Zibo Qixiang Tengda Chemical Co., Ltd, a company listed in Shenzhen, China, engaged in R&D, production and distribution of fine chemicals, in a two-step transaction.The transaction value is over USD 70million.

Notable deal

Corporate Restructuring Insolvency: Engineering

CNPLaw LLP advises Pison Investments Pte. Ltd. on its invitation to senior unsecured creditors of the Hyflux group to offer their debt to Pison in a reverse Dutch auction.

Notable deal

Funds and Financial Services: Investment Funds

CNPLaw LLP acted as Singapore counsel on the establishment of Hera Capital Partners Holdings VI Pte. Ltd., a Singapore domiciled fund, and on its investment in Nutrition Technologies.

Notable deal

Funds and Financial Services: Investment Funds

CNPLaw LLP acted as counsel for Hera Capital Holdings IV Pte. Ltd., investor in a series E-plus pre-IPO investment round by Go-Jek.

Notable deal

Funds and Financial Services: Investment Funds

CNPLaw acts as counsel for the successful closing of Wavemaker Pacific 1 Pte. Ltd.

Notable deal

Banking and Finance: Retail

CNPLaw LLP advised the controlling shareholder of Want Want Holdings Ltd. on the US$850 million financing of the delisting offer for the company’s shares.

Notable deal

Corporate Restructuring Insolvency: Pharmaceuticals

CNPLaw LLP advised Bilcare Singapore Pte. Limited on its restructuring of US$45.5m of convertible bonds and US$44.5m bonds with warrants to subscribe for shares of Bilcare Limited.

Notable deal

Mergers and Acquisitions: Transport

CNPLaw LLP advised container terminal operator Portek International Limited on takeover offers valued at over S$200m.

Notable deal

MERGERS AND ACQUISITIONS: INFORMATION TECHNOLOGY

Singapore counsel for CitizenPlane SAS (“CitizenPlane”) in its acquisition of 97.63% of Travel Technology Interactive (“TTI”), the holding company of the TTI group listed on the Euronext Growth Paris Stock Exchange, with a total valuation of €22.3 million. The acquisition of this controlling block enabled CitizenPlane to exercise a compulsory acquisition mechanism for the remaining 2.37% of TTI shares held by minority shareholders, which will be carried out in the first quarter of 2024.

CitizenPlane helps airlines and tour operators to sell their unsold airplane seats online. With the acquisition of the TTI group, the increased synergies between both companies will offer better solutions for airline and tour operators moving forward.