Sheetal-Sandhu

Singapore

AWARDS

Recommended lawyer for Corporate and M&A: Singapore, Labour and Employment: Singapore

Singapore Rising Stars 2023

Sheetal Sandhu

Partner

Sheetal is a corporate and commercial partner at Virtus Law. Her practice focuses primarily on private M&A transactions where she has advised on complex and high-profile M&A deals across various industries including technology, financial services, shipping and healthcare. Her wide range of expertise allows her to take a pragmatic approach in structuring transactions and assisting clients to achieve their commercial objectives.

Sheetal also advises on joint ventures, general corporate and commercial matters. In recent years, Sheetal has developed an active practice in the financial regulatory, technology and data protection space, where she counts fintech unicorns amongst her clients, and advises on headline transactions.

 

Sheetal is fluent in English and also in spoken Bahasa Indonesia and Malay, which has helped her develop her network in the region, particularly in Singapore, Indonesia and Malaysia.

 

“Sheetal Sandhu went out of her way to make things possible and successful. Sheetal did a lot more than I expected. I found her sincerity very commendable. She is hardworking, knowledgeable, service oriented, thoughtful and understands different cultural contexts.”

 

The Legal 500 Asia Pacific 2021 

Public and private M&A

AirAsia Group

Advised AirAsia Group Berhad, and its wholly-owned subsidiary Asia Aviation Capital Limited, on the corporate aspects of its US$768 million sale of Asia Aviation Capital Limited’s entire equity interest in Merah Aviation Asset Holding Limited.

Myanmar Investments International Limited

Advised Myanmar Investments International Limited and TPG Capital on the Singapore law aspects of the exchange of shares in Apollo Towers for shares in AP Towers, including the regulatory issues resulting from the multitude of jurisdictions involved.

Aura Group

Advised Aura Group (Singapore) on its first aviation fund, including advising on matters relating to fund formation and the fund’s participation in junior debt relating to a Boeing 737-8K5 aircraft.

Maritec

Advised Maritec Pte Ltd, a profitable market share leader in the global marine fuel testing sector with offices in Japan, Italy and Greece, on its sale to Centre Testing International Group Co., Ltd. (CTI), and on the regulatory approvals required by relevant Singapore government agencies including the Maritime Port Authority of Singapore.

Selandia Holdings Pte. Ltd.

Advised the sellers in the disposal of all of their shares in Selandia Holdings Pte. Ltd. and its subsidiaries to V.Group (parent of shipmanaging giant V.Ships).

Chemopharm

Advised Malaysia-headquartered Chemopharm Sdn Bhd., a leading pan-Southeast Asia medical devices distribution group, on the sale of a majority stake to the Everstone Group, via its platform Everlife.

Luxoft International

Advised Luxoft in its acquisition of 100% of the share capital of Deriv IT Solutions Private Limited from its existing shareholders. This transaction involved our Singapore, Hong Kong, Dubai, Paris and Guangzhou offices.

Public takeover of Fraser And Neave, Limited

Advised a competing offeror in relation to its S$13.1 billion voluntary conditional cash offer to acquire Fraser And Neave, Limited This was one of South-East Asia’s largest takeovers. This transaction won the IFLR Asia Awards 2014 M&A Deal of the Year.

Disposal of Jaya Holdings Limited’s business

Acted for Jaya Holdings Limited in the disposal of all of its entire business for a purchase consideration of S$625 million.

Royal Bank of Scotland

Advised Royal Bank of Scotland in the sale of its private banking and wealth management business, Coutts & Co Ltd, to Union Bancaire Privée by way of a scheme of arrangement.

Zico Capital

Advised Zico Capital, as the financial adviser to Smartflex Holdings Ltd., in relation to a proposed acquisition of the Animal Ark Group, a state of the art veterinary clinic group in Singapore.

AVS Investments Pte. Ltd.

Acted for the offeror, AVS Investments Pte. Ltd. in the proposed voluntary delisting of Aztech Group Ltd., from the SGX-ST, and in the sale of issued shares of Aztech

Zedra

Advised Zedra on the acquisition of BNP Paribas Wealth Management’s trust business in Singapore.

Corporation Service Company

Advised Corporation Service Company, a global provider of business, legal, tax and digital brand services, on its acquisition of the FirstCorp Group across Southeast Asia.

Maritec

Advised Maritec, a Singapore-based global marine fuel testing and surveying business, on its sale to Centre Testing International Group.

Campana Group

Advised Campana Group on an aggregate US$60 million investment, comprising both debt and equity funding led by Mitsui & Co.

Barentz

Advised Barentz International B.V. (Barentz) on its acquisition of Nardev Chemie, a Singapore-headquartered speciality chemicals distributor.

Duff & Phelps

Advised Duff & Phelps on its acquisition of Borrelli Walsh, a leading specialist restructuring, corporate recovery, insolvency and forensic accounting firm.

General Mills

Advised General Mills on restructuring and implementation of its new operational model in Southeast Asia.

Commercial outsourcing and technology

Courts (Singapore) Pte Ltd

Advised Courts on a broad spectrum of commercial contracts relating to leases, supply, distribution, provision of services and software licensing.

F J Benjamin Holdings Ltd

Advised F J Benjamin Holdings Ltd on commercial contracts relating to its franchising arrangements.

Capital markets services licensee

Advised an affiliate of a Fortune 500 company regulated by the Monetary Authority of Singapore on regulatory requirements and standards prescribed by the Monetary Authority of Singapore concerning outsourcing of functions.

Data protection and information

AxiomSL

Advised AxiomSL, an international provider of regulatory reporting, risk, and data management solutions, on a range of data protection issues associated with its various services agreements.

Eastern Pacific Shipping

Advised Eastern Pacific Shipping in connection with its implementation of data protection policies across the group, including advising on proactive measures to be adopted by business to address data security and dealing with data security breaches.

Equinix

Advised Equinix, the world’s largest IBX data center & colocation provider, on a range of data protection and privacy issues relevant to its business.

Banking and financial services regulation

Private banking company

Advised a private bank on licensing requirements under Singapore securities laws.

Investment fund

Advised a commodities investment fund company on setting up an office in Singapore and the necessary licensing requirements under Singapore securities laws.

Independent research company

Advised a leading independent economic research firm on regulatory and licensing requirements under the Financial Advisers Act.

Corporate

Commercial contracts

Advised on a broad spectrum of commercial contracts e.g. services, supply, distribution, franchising, licensing, collaborations and leases.

Joint ventures

Advised companies and individuals relating to structuring of investments as well as advised on joint ventures and shareholder agreements.

Corporate actions

Assisted with various corporate actions e.g. dividend pay-outs, capital reductions, share buybacks and establishment of employee share option plans.

Shipping

Disposal of Jaya Holdings Limited’s business

Acted for Jaya Holdings Limited in the disposal of all of its entire business for a purchase consideration of S$625 million.

Selandia Holdings Pte. Ltd.

Advised the sellers in the disposal of all of their shares in Selandia Holdings Pte. Ltd. and its subsidiaries to V.Group (parent of shipmanaging giant V.Ships).

PSA Corporation Ltd

Acted for PSA Corporation Ltd, in its bid to participate in the development, construction and operation of container terminals in Indonesia which involved amongst other things, the drafting of a consortium agreement.

Drydocks World LLC

Acted for a consortium in their bid to acquire the Southeast Asian arm of Dubai’s Drydocks World LLC, a service provider to the shipping, offshore, oil, gas and energy sectors.

Affinity

Advised Affinity (Shipping) LLP on its acquisition of the assets of Grieg Shipbrokers in Singapore, Hong Kong and Mainland China.

Technology

Iflix

Advised the iflix group, a high-profile pan-Asian video-streaming service operating in 13 countries in Southeast Asia, on its sale of its assets to Chinese conglomerate, Tencent Holdings.

Flexxon

Advised Flexxon Holding on a fundraising investment round led by Heliconia Capital Management Pte. Ltd., Temasek’s venture capital arm.

Koru Partner

Advised Koru Partners on its Series A investment in Uploan, a Philippines-based fintech company.

Vickers Venture

Advised Vickers Venture Partners on the US$133 million two stage Series B fundraising round in RWDC Industries Limited.

Tech Mahindra

Advised Indian IT services firm Tech Mahindra on its US$95 million acquisition of Born Group, a New York-based marketing and media solutions agency.

Singapura Finance Limited

Advised SGX-listed Singapura Finance Limited (SFL) on its investment in fintech company MatchMove Pay Pte. Ltd. MatchMove develops end-to-end banking-as-a-service wallet solutions with a full suite of application programming interfaces, allowing enterprises to offer a secure mobile solution and virtual/physical cards to customers globally.

Triple P Capital

Advised Triple P Capital on its acquisition of Contemi Solutions, and its controlling stake investment into The Praxis Company.

PT Valuklik Network Indonesia

Advised the owners (including VC investors) of Valuklik, a leading digital performance marketing company in Indonesia, by Dentsu Aegis Network.

Venturra

Advised Venturra Capital Fund I on its Series A investment into an e-commerce furniture retailer based in Indonesia and also on its Series A2 investment into a pan-Asian subscription-based fitness provider. Venturra is Lippo’s second VC fund and, at the time of its establishment, the largest VC fund in Southeast Asia.

KPISoft Pte. Ltd.

Acted for KPISoft Pte. Ltd. in its 30% investment in Co-create Tomorrow Pte. Ltd., a consulting services business specialising in human resource solutions.

Luxoft International

Advised Luxoft in its acquisition of 100% of the share capital of Deriv IT Solutions Private Limited from its existing shareholders. This transaction involved our Singapore, Hong Kong, Dubai, Paris and Guangzhou offices.

Ingenico S.A.

Advised Ingenico S.A. in its acquisition of assets relating to electronic data capture and point of sale operations in two Indonesian companies.

Scandinavian development fund

Advised a Scandinavian development fund on its recent investment in the telecom tower sector in Indonesia.

PT Tokopedia

Advised PT Tokopedia, an Indonesian e-commerce unicorn, on its acquisition of a 100% stake in Bridestory.

Wavemaker Partners

Advised Wavemaker Partners on its investment in a digital payments business.

BAce Capital

Advised BAce Capital, which is backed by Alibaba-affiliated fintech giant Ant Financial, on Series A investments in RoomMe, an Indonesia-based apartment rental platform, and Printerous, an Indonesia-based online printing platform.

Duff & Phelps

Advised Duff & Phelps, and its wholly-owned subsidiary Kroll, on its acquisition of RP Digital Security, a Singapore-headquartered company specialising in computer forensic investigations, digital security and eDiscovery across Asia.

Equinix

Advised Equinix Group on a S$7 billion corporate and debt restructuring. Equinix is the world’s largest data centre and co-location provider, operating in 52 markets across five continents.

Healthcare

IntriCon Corporation

Advised IntriCon Corporation on its acquisition of Emerald Medical Services. IntriCon is a NASDAQ-listed US medical device business, and Emerald is a Singapore-based manufacturer of cost-effective complex catheters, with an international distribution network.

Chemopharm

Advised Malaysia-headquartered Chemopharm Sdn Bhd., a leading pan-Southeast Asia medical devices distribution group, on the sale of a majority stake to the Everstone Group, via its platform Everlife.

Zico Capital

Advised Zico Capital, as the financial adviser to Smartflex Holdings Ltd., in relation to a proposed acquisition of the Animal Ark Group, a state of the art veterinary clinic group in Singapore.

Fullerton Healthcare

Assisted Fullerton Healthcare with the review of certain service agreement contracts and advised on data protection laws.

Consumer

Public takeover of Fraser And Neave, Limited

Advised a competing offeror in relation to its S$13.1 billion voluntary conditional cash offer to acquire Fraser And Neave, Limited This was one of South-East Asia’s largest takeovers. This transaction won the IFLR Asia Awards 2014 M&A Deal of the Year.

L Catterton Asia

Advised L Catterton Asia, in its investment into Jones the Grocer International, which runs a chain of gourmet food stores globally.

Sara Lee Corp

Advised Sara Lee Corp in its sale of its personal care business to Unilever for €1.28 billion.

Breker Capital Pte. Limited

Advised Breker Capital Pte. Limited in a joint venture with a third party to participate in establishing and operating in Bangladesh, the Coffee Bean and Tea Leaf franchise.

General Mills

Advised General Mills on the restructuring of its Häagen-Dazs business in Singapore and Malaysia.

ICAP plc

Advised ICAP plc, the world’s largest electronic dealer broker and provider of post trade risk services in a group restructuring exercise.

Royal Bank of Scotland

Advised Royal Bank of Scotland in the sale of its private banking and wealth management business, Coutts & Co Ltd, to Union Bancaire Privée by way of a scheme of arrangement.

Indonesia

PT Valuklik Network Indonesia

Advised the owners (including VC investors) of Valuklik, a leading digital performance marketing company in Indonesia, by Dentsu Aegis Network.

Venturra

Advised Venturra Capital Fund I on its Series A investment into an e-commerce furniture retailer based in Indonesia and also on its Series A2 investment into a pan-Asian subscription-based fitness provider. Venturra is Lippo’s second VC fund and, at the time of its establishment, the largest VC fund in Southeast Asia.

Ingenico S.A.

Advised Ingenico S.A. in its acquisition of assets relating to electronic data capture and point of sale operations in two Indonesian companies.

Scandinavian development fund

Advised a Scandinavian development fund on its recent investment in the telecom tower sector in Indonesia.

Malaysia

General Mills

Advised General Mills on the restructuring of its Häagen-Dazs business in Singapore and Malaysia.

Air Asia Group Berhad

Advised AirAsia Group Berhad, and its wholly-owned subsidiary Asia Aviation Capital Limited, on the US$768 million sale of Asia Aviation Capital Limited’s entire equity interest in Merah Aviation Asset Holding Limited.

Chemopharm

Advised Malaysia-headquartered Chemopharm Sdn Bhd., a leading pan-Southeast Asia medical devices distribution group, on the sale of a majority stake to the Everstone Group, via its platform Everlife.

North America

Kroll

Advised Kroll on its acquisition of RP Digital Security, a Singapore-headquartered company specialising in computer forensic investigations, digital security and eDiscovery across Asia.

Kroll

Advised Kroll on its acquisition of Borrelli Walsh, a leading specialist restructuring, corporate recovery, insolvency and forensic accounting firm.

BW Group

Advised BW Group on its acquisition of 100% of Hawaiki Submarine Cable and International Connectivity Services.

TSA Group

Advised the owners of TSA Group, a global hotel and hospitality consultancy, on its sale to Florida-based Frontline Performance Group.

IntriCon Corporation

Advised IntriCon Corporation on its acquisition of Emerald Medical Services, a Singapore-based manufacturer of cost-effective complex catheters.

General Mills

Advised General Mills on certain restructuring steps in relation to its Häagen-Dazs business in Southeast Asia.

Equinix Group

Advised Equinix Group, the world’s largest data centre and co-location provider, on a S$7 billion corporate and debt restructuring.

Finch Capital and Sovereign Capital

Advised Finch Capital and Sovereign Capital, as the lead investors on several rounds of investments into Tada Network, an Indonesian based gift card and customer retention platform serving various markets in Southeast Asia and the United States.

Wavemaker Partners

Advised Wavemaker Partners on its investment in a digital payments business.

Corporation Service Company

Advised Corporation Service Company, a global provider of business, legal, tax and digital brand services, on its acquisition of the FirstCorp Group across Southeast Asia.

Corporation Service Company

Advised Corporation Service Company on regulatory aspects of its acquisition of Intertrust.

AxiomSL

Advised AxiomSL on the Singapore law aspects of its merger with Calypso Technology, to create the Adenza end-to-end trading, treasury, risk management and regulatory compliance platform.

r-pac International

Advised r-pac International on a strategic partnership with American Securities LLC, which includes an investment from affiliates of American Securities LLC.

Swire Pacific

Advised Swire Pacific on the US$190 million sale of its offshore subsidiary, Swire Pacific Offshore, to US NASDAQ-listed offshore vessel operator Tidewater.

M.Y.R.A Entertainment Asia

Advised M.Y.R.A. Entertainment Asia, a film production and financing company, on its incorporation and launch in Singapore.

+ Profile

Sheetal also advises on joint ventures, general corporate and commercial matters. In recent years, Sheetal has developed an active practice in the financial regulatory, technology and data protection space, where she counts fintech unicorns amongst her clients, and advises on headline transactions.

 

Sheetal is fluent in English and also in spoken Bahasa Indonesia and Malay, which has helped her develop her network in the region, particularly in Singapore, Indonesia and Malaysia.

 

“Sheetal Sandhu went out of her way to make things possible and successful. Sheetal did a lot more than I expected. I found her sincerity very commendable. She is hardworking, knowledgeable, service oriented, thoughtful and understands different cultural contexts.”

 

The Legal 500 Asia Pacific 2021 

+ Services

Public and private M&A

AirAsia Group

Advised AirAsia Group Berhad, and its wholly-owned subsidiary Asia Aviation Capital Limited, on the corporate aspects of its US$768 million sale of Asia Aviation Capital Limited’s entire equity interest in Merah Aviation Asset Holding Limited.

Myanmar Investments International Limited

Advised Myanmar Investments International Limited and TPG Capital on the Singapore law aspects of the exchange of shares in Apollo Towers for shares in AP Towers, including the regulatory issues resulting from the multitude of jurisdictions involved.

Aura Group

Advised Aura Group (Singapore) on its first aviation fund, including advising on matters relating to fund formation and the fund’s participation in junior debt relating to a Boeing 737-8K5 aircraft.

Maritec

Advised Maritec Pte Ltd, a profitable market share leader in the global marine fuel testing sector with offices in Japan, Italy and Greece, on its sale to Centre Testing International Group Co., Ltd. (CTI), and on the regulatory approvals required by relevant Singapore government agencies including the Maritime Port Authority of Singapore.

Selandia Holdings Pte. Ltd.

Advised the sellers in the disposal of all of their shares in Selandia Holdings Pte. Ltd. and its subsidiaries to V.Group (parent of shipmanaging giant V.Ships).

Chemopharm

Advised Malaysia-headquartered Chemopharm Sdn Bhd., a leading pan-Southeast Asia medical devices distribution group, on the sale of a majority stake to the Everstone Group, via its platform Everlife.

Luxoft International

Advised Luxoft in its acquisition of 100% of the share capital of Deriv IT Solutions Private Limited from its existing shareholders. This transaction involved our Singapore, Hong Kong, Dubai, Paris and Guangzhou offices.

Public takeover of Fraser And Neave, Limited

Advised a competing offeror in relation to its S$13.1 billion voluntary conditional cash offer to acquire Fraser And Neave, Limited This was one of South-East Asia’s largest takeovers. This transaction won the IFLR Asia Awards 2014 M&A Deal of the Year.

Disposal of Jaya Holdings Limited’s business

Acted for Jaya Holdings Limited in the disposal of all of its entire business for a purchase consideration of S$625 million.

Royal Bank of Scotland

Advised Royal Bank of Scotland in the sale of its private banking and wealth management business, Coutts & Co Ltd, to Union Bancaire Privée by way of a scheme of arrangement.

Zico Capital

Advised Zico Capital, as the financial adviser to Smartflex Holdings Ltd., in relation to a proposed acquisition of the Animal Ark Group, a state of the art veterinary clinic group in Singapore.

AVS Investments Pte. Ltd.

Acted for the offeror, AVS Investments Pte. Ltd. in the proposed voluntary delisting of Aztech Group Ltd., from the SGX-ST, and in the sale of issued shares of Aztech

Zedra

Advised Zedra on the acquisition of BNP Paribas Wealth Management’s trust business in Singapore.

Corporation Service Company

Advised Corporation Service Company, a global provider of business, legal, tax and digital brand services, on its acquisition of the FirstCorp Group across Southeast Asia.

Maritec

Advised Maritec, a Singapore-based global marine fuel testing and surveying business, on its sale to Centre Testing International Group.

Campana Group

Advised Campana Group on an aggregate US$60 million investment, comprising both debt and equity funding led by Mitsui & Co.

Barentz

Advised Barentz International B.V. (Barentz) on its acquisition of Nardev Chemie, a Singapore-headquartered speciality chemicals distributor.

Duff & Phelps

Advised Duff & Phelps on its acquisition of Borrelli Walsh, a leading specialist restructuring, corporate recovery, insolvency and forensic accounting firm.

General Mills

Advised General Mills on restructuring and implementation of its new operational model in Southeast Asia.

Commercial outsourcing and technology

Courts (Singapore) Pte Ltd

Advised Courts on a broad spectrum of commercial contracts relating to leases, supply, distribution, provision of services and software licensing.

F J Benjamin Holdings Ltd

Advised F J Benjamin Holdings Ltd on commercial contracts relating to its franchising arrangements.

Capital markets services licensee

Advised an affiliate of a Fortune 500 company regulated by the Monetary Authority of Singapore on regulatory requirements and standards prescribed by the Monetary Authority of Singapore concerning outsourcing of functions.

Data protection and information

AxiomSL

Advised AxiomSL, an international provider of regulatory reporting, risk, and data management solutions, on a range of data protection issues associated with its various services agreements.

Eastern Pacific Shipping

Advised Eastern Pacific Shipping in connection with its implementation of data protection policies across the group, including advising on proactive measures to be adopted by business to address data security and dealing with data security breaches.

Equinix

Advised Equinix, the world’s largest IBX data center & colocation provider, on a range of data protection and privacy issues relevant to its business.

Banking and financial services regulation

Private banking company

Advised a private bank on licensing requirements under Singapore securities laws.

Investment fund

Advised a commodities investment fund company on setting up an office in Singapore and the necessary licensing requirements under Singapore securities laws.

Independent research company

Advised a leading independent economic research firm on regulatory and licensing requirements under the Financial Advisers Act.

Corporate

Commercial contracts

Advised on a broad spectrum of commercial contracts e.g. services, supply, distribution, franchising, licensing, collaborations and leases.

Joint ventures

Advised companies and individuals relating to structuring of investments as well as advised on joint ventures and shareholder agreements.

Corporate actions

Assisted with various corporate actions e.g. dividend pay-outs, capital reductions, share buybacks and establishment of employee share option plans.

+ Sectors

Shipping

Disposal of Jaya Holdings Limited’s business

Acted for Jaya Holdings Limited in the disposal of all of its entire business for a purchase consideration of S$625 million.

Selandia Holdings Pte. Ltd.

Advised the sellers in the disposal of all of their shares in Selandia Holdings Pte. Ltd. and its subsidiaries to V.Group (parent of shipmanaging giant V.Ships).

PSA Corporation Ltd

Acted for PSA Corporation Ltd, in its bid to participate in the development, construction and operation of container terminals in Indonesia which involved amongst other things, the drafting of a consortium agreement.

Drydocks World LLC

Acted for a consortium in their bid to acquire the Southeast Asian arm of Dubai’s Drydocks World LLC, a service provider to the shipping, offshore, oil, gas and energy sectors.

Affinity

Advised Affinity (Shipping) LLP on its acquisition of the assets of Grieg Shipbrokers in Singapore, Hong Kong and Mainland China.

Technology

Iflix

Advised the iflix group, a high-profile pan-Asian video-streaming service operating in 13 countries in Southeast Asia, on its sale of its assets to Chinese conglomerate, Tencent Holdings.

Flexxon

Advised Flexxon Holding on a fundraising investment round led by Heliconia Capital Management Pte. Ltd., Temasek’s venture capital arm.

Koru Partner

Advised Koru Partners on its Series A investment in Uploan, a Philippines-based fintech company.

Vickers Venture

Advised Vickers Venture Partners on the US$133 million two stage Series B fundraising round in RWDC Industries Limited.

Tech Mahindra

Advised Indian IT services firm Tech Mahindra on its US$95 million acquisition of Born Group, a New York-based marketing and media solutions agency.

Singapura Finance Limited

Advised SGX-listed Singapura Finance Limited (SFL) on its investment in fintech company MatchMove Pay Pte. Ltd. MatchMove develops end-to-end banking-as-a-service wallet solutions with a full suite of application programming interfaces, allowing enterprises to offer a secure mobile solution and virtual/physical cards to customers globally.

Triple P Capital

Advised Triple P Capital on its acquisition of Contemi Solutions, and its controlling stake investment into The Praxis Company.

PT Valuklik Network Indonesia

Advised the owners (including VC investors) of Valuklik, a leading digital performance marketing company in Indonesia, by Dentsu Aegis Network.

Venturra

Advised Venturra Capital Fund I on its Series A investment into an e-commerce furniture retailer based in Indonesia and also on its Series A2 investment into a pan-Asian subscription-based fitness provider. Venturra is Lippo’s second VC fund and, at the time of its establishment, the largest VC fund in Southeast Asia.

KPISoft Pte. Ltd.

Acted for KPISoft Pte. Ltd. in its 30% investment in Co-create Tomorrow Pte. Ltd., a consulting services business specialising in human resource solutions.

Luxoft International

Advised Luxoft in its acquisition of 100% of the share capital of Deriv IT Solutions Private Limited from its existing shareholders. This transaction involved our Singapore, Hong Kong, Dubai, Paris and Guangzhou offices.

Ingenico S.A.

Advised Ingenico S.A. in its acquisition of assets relating to electronic data capture and point of sale operations in two Indonesian companies.

Scandinavian development fund

Advised a Scandinavian development fund on its recent investment in the telecom tower sector in Indonesia.

PT Tokopedia

Advised PT Tokopedia, an Indonesian e-commerce unicorn, on its acquisition of a 100% stake in Bridestory.

Wavemaker Partners

Advised Wavemaker Partners on its investment in a digital payments business.

BAce Capital

Advised BAce Capital, which is backed by Alibaba-affiliated fintech giant Ant Financial, on Series A investments in RoomMe, an Indonesia-based apartment rental platform, and Printerous, an Indonesia-based online printing platform.

Duff & Phelps

Advised Duff & Phelps, and its wholly-owned subsidiary Kroll, on its acquisition of RP Digital Security, a Singapore-headquartered company specialising in computer forensic investigations, digital security and eDiscovery across Asia.

Equinix

Advised Equinix Group on a S$7 billion corporate and debt restructuring. Equinix is the world’s largest data centre and co-location provider, operating in 52 markets across five continents.

Healthcare

IntriCon Corporation

Advised IntriCon Corporation on its acquisition of Emerald Medical Services. IntriCon is a NASDAQ-listed US medical device business, and Emerald is a Singapore-based manufacturer of cost-effective complex catheters, with an international distribution network.

Chemopharm

Advised Malaysia-headquartered Chemopharm Sdn Bhd., a leading pan-Southeast Asia medical devices distribution group, on the sale of a majority stake to the Everstone Group, via its platform Everlife.

Zico Capital

Advised Zico Capital, as the financial adviser to Smartflex Holdings Ltd., in relation to a proposed acquisition of the Animal Ark Group, a state of the art veterinary clinic group in Singapore.

Fullerton Healthcare

Assisted Fullerton Healthcare with the review of certain service agreement contracts and advised on data protection laws.

Consumer

Public takeover of Fraser And Neave, Limited

Advised a competing offeror in relation to its S$13.1 billion voluntary conditional cash offer to acquire Fraser And Neave, Limited This was one of South-East Asia’s largest takeovers. This transaction won the IFLR Asia Awards 2014 M&A Deal of the Year.

L Catterton Asia

Advised L Catterton Asia, in its investment into Jones the Grocer International, which runs a chain of gourmet food stores globally.

Sara Lee Corp

Advised Sara Lee Corp in its sale of its personal care business to Unilever for €1.28 billion.

Breker Capital Pte. Limited

Advised Breker Capital Pte. Limited in a joint venture with a third party to participate in establishing and operating in Bangladesh, the Coffee Bean and Tea Leaf franchise.

General Mills

Advised General Mills on the restructuring of its Häagen-Dazs business in Singapore and Malaysia.

ICAP plc

Advised ICAP plc, the world’s largest electronic dealer broker and provider of post trade risk services in a group restructuring exercise.

Royal Bank of Scotland

Advised Royal Bank of Scotland in the sale of its private banking and wealth management business, Coutts & Co Ltd, to Union Bancaire Privée by way of a scheme of arrangement.

+ Locations

Indonesia

PT Valuklik Network Indonesia

Advised the owners (including VC investors) of Valuklik, a leading digital performance marketing company in Indonesia, by Dentsu Aegis Network.

Venturra

Advised Venturra Capital Fund I on its Series A investment into an e-commerce furniture retailer based in Indonesia and also on its Series A2 investment into a pan-Asian subscription-based fitness provider. Venturra is Lippo’s second VC fund and, at the time of its establishment, the largest VC fund in Southeast Asia.

Ingenico S.A.

Advised Ingenico S.A. in its acquisition of assets relating to electronic data capture and point of sale operations in two Indonesian companies.

Scandinavian development fund

Advised a Scandinavian development fund on its recent investment in the telecom tower sector in Indonesia.

Malaysia

General Mills

Advised General Mills on the restructuring of its Häagen-Dazs business in Singapore and Malaysia.

Air Asia Group Berhad

Advised AirAsia Group Berhad, and its wholly-owned subsidiary Asia Aviation Capital Limited, on the US$768 million sale of Asia Aviation Capital Limited’s entire equity interest in Merah Aviation Asset Holding Limited.

Chemopharm

Advised Malaysia-headquartered Chemopharm Sdn Bhd., a leading pan-Southeast Asia medical devices distribution group, on the sale of a majority stake to the Everstone Group, via its platform Everlife.

North America

Kroll

Advised Kroll on its acquisition of RP Digital Security, a Singapore-headquartered company specialising in computer forensic investigations, digital security and eDiscovery across Asia.

Kroll

Advised Kroll on its acquisition of Borrelli Walsh, a leading specialist restructuring, corporate recovery, insolvency and forensic accounting firm.

BW Group

Advised BW Group on its acquisition of 100% of Hawaiki Submarine Cable and International Connectivity Services.

TSA Group

Advised the owners of TSA Group, a global hotel and hospitality consultancy, on its sale to Florida-based Frontline Performance Group.

IntriCon Corporation

Advised IntriCon Corporation on its acquisition of Emerald Medical Services, a Singapore-based manufacturer of cost-effective complex catheters.

General Mills

Advised General Mills on certain restructuring steps in relation to its Häagen-Dazs business in Southeast Asia.

Equinix Group

Advised Equinix Group, the world’s largest data centre and co-location provider, on a S$7 billion corporate and debt restructuring.

Finch Capital and Sovereign Capital

Advised Finch Capital and Sovereign Capital, as the lead investors on several rounds of investments into Tada Network, an Indonesian based gift card and customer retention platform serving various markets in Southeast Asia and the United States.

Wavemaker Partners

Advised Wavemaker Partners on its investment in a digital payments business.

Corporation Service Company

Advised Corporation Service Company, a global provider of business, legal, tax and digital brand services, on its acquisition of the FirstCorp Group across Southeast Asia.

Corporation Service Company

Advised Corporation Service Company on regulatory aspects of its acquisition of Intertrust.

AxiomSL

Advised AxiomSL on the Singapore law aspects of its merger with Calypso Technology, to create the Adenza end-to-end trading, treasury, risk management and regulatory compliance platform.

r-pac International

Advised r-pac International on a strategic partnership with American Securities LLC, which includes an investment from affiliates of American Securities LLC.

Swire Pacific

Advised Swire Pacific on the US$190 million sale of its offshore subsidiary, Swire Pacific Offshore, to US NASDAQ-listed offshore vessel operator Tidewater.

M.Y.R.A Entertainment Asia

Advised M.Y.R.A. Entertainment Asia, a film production and financing company, on its incorporation and launch in Singapore.

AWARDS

Recommended lawyer for Corporate and M&A: Singapore, Labour and Employment: Singapore

Singapore Rising Stars 2023

Virtus Law LLP is a member of the Stephenson Harwood (Singapore) Alliance, a formal law alliance with Stephenson Harwood LLP.
The alliance enables us to offer clients an integrated service in multi-jurisdictional matters.

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