Drew & Napier - Partners' Profiles

Petrus is a Director with Drew & Napier LLC’s Corporate & Finance Department and is the Head of the Funds & Fund Management Practice Group and co-Head of the Capital Markets Group. He has more than 20 years of practice experience and is highly recommended for Banking & Finance in the Global Counsel 3000, and Practical Law Company Which Lawyer? 2007 – 2009, 2010/2011 and 2011/2012. Chambers Asia 2011 has recommended Petrus as a leading Investment Funds lawyer. He has also been named as a leading funds practice lawyer by International Who’s Who Legal 2012 as well as a leading practitioner in Euromoney Legal Expert Guide to the World’s Leading Investment Funds Lawyers in June 2010. Asia Pacific Legal 500 and Practical Law Company Which Lawyer? 2011/2012 both endorse Petrus as a leading Capital Markets lawyer. Petrus is the editor of CCH Annotated Singapore Stock Exchange Listing Manual and also one of the contributors of Halsbury’s Laws of Singapore volume on Securities Law and LexisNexis’ Annotated Business Trusts Act.

REITs and Funds

Acting for Temasek Holdings in the establishment of a private foundation for corporate social responsibility causes involving special applications for exemptions to the Ministry of Finance, the Monetary Authority of Singapore and the Inland Revenue Authority of Singapore
Acting as lead counsel in the listing on the Singapore stock exchange of an exempt investment fund as part of a wealth succession planning structure
Acting for Cambridge Industrial Trust Management Limited in its listing and public offering of a real estate industrial REIT offering and listing amounting to S$512 million and subsequent debt financing in Singapore’s first asset-backed commercial paper conduit accessing the United States commercial paper market
Acting for UBS Warburg and DBS Bank the joint international book-runners in the initial public offering and listing of CapitaMall REIT, Singapore’s first real estate investment trust
Acting for Geneva based law firm and a French private bank in setting up a private equity fund for private banking clients
Advising Allied Irish Bank on the establishment and continued operations of the AIB Japan Fund
Advising Morgan Stanley Capital Partners Limited Partnership and Ropes & Gray on fund offering requirements
Acting for GE Real Estate in connection with the initial public offering and listing of Ascendas India Trust, a real estate industrial REIT offering on the Singapore Exchange Securities Trading Limited
Acting for UBS in the application to the Monetary Authority of Singapore for recognized restricted scheme status for its funds
Advising Citicorp Trustees on the trustee requirements for Lion Capital Fund (registered authorized scheme with the Monetary Authority of Singapore), for Phillips’ Capital Investment Fund (registered authorized scheme with the Monetary Authority of Singapore), for UOB Asset Management’ UOB Optimix Funds II (registered authorized scheme with the Monetary Authority of Singapore)
Acted for Redwood Group Asia Pte Ltd as Singapore counsel, in the structuring and establishment of a fund constituted as a Singapore limited partnership. The fund’s target fund size was SGD736 million. Other major clients include HSBC Trustees and Citigroup Global Asset Management
Acted as counsel relating to the establishment of Prideful Asset Fund LP (“Fund”) constituted as a Cayman Islands exempted limited partnership. The total size of Fund is intended to be approximately USD$5 million. The immediate purpose of the Partnership is to acquire shares of Ample Success Investment Limited (Ample Success), a company incorporated in Hong Kong. Its subsidiary, Yunnan Weishan County Feisite Mining Co Ltd, has the rights to mining concession measuring more than 48 sq km in Yunnan Weishan County in China. South America Iron & Steel Corporation Limited, a company listed on the Australian Stock Exchange, announced that it had agreed to acquire shares in Ample Success
Advising SG Trust (Asia) Ltd on the setting up of a Singapore exempt private unit trust for private banking clients of certain Swiss banks with a minimum fund size of USD50 million up to USD300 million
Advising Ascendas Real Estate Investment Trust in a proposed acquisition involving Ascendas China Industrial and Business Parks Fund, Ascendas ZPark (Singapore) Pte Ltd, Ascendas Hi-Tech Development (Beijing) Co. Ltd.. relating to industrial and commercial real estate in China (SF/268136)
Advising Raffles Ventures Partners on the setting up of an exempt investment fund the Raffles Direct Fund Limited offered to accredited investors with a total fund offering of approximately USD14 million
Advising LSE-listed Brevan Howard Fund on setting up and operating its Singapore fund management opersions
Advising Henderson Global Investors in the setting up of their authorized Singapore fund in the property space
Advising Raffles Ventures Partners on the setting up of an exempt investment fund the Raffles Direct Fund Limited offered to accredited investors with a total fund offering of approximately USD14 million
Advising Citicorp Trustees (Singapore) Limited in the registration and offering of the CIMB Asean IPO Fund for retail investors in Singapore
Advising Citicorp Trustees (Singapore) Limited in the registration and offering of the Pinebridge International Funds (previously known as the AIA International Funds) for retail investors in Singapore comprising the Pinebridge International Acorns of Asia Balanced Fund, the Pinebridge International Growth Fund, the PineBridge International Regional Equity Fund, the PineBridge International Singapore Bond Fund; and the PineBridge International Singapore Dollar Money Market Fund sponsored by the PineBridge Investments Singapore Limited
Advising Citicorp Trustees (Singapore) Limited in the registration and offering of the Phillip Investment Funds for retail investors in Singapore comprising the Phillip Growth Fund, the Phillip Income Fund and the Phillip Money Market Fund sponsored by the Phillip Capital Management (S) Limited
Advising HSBC Institutional Trustee Services in the registration and offering of the following funds sponsored by UOB Asset Management for retail investors in Singapore: United Asia Asset Allocation Fund, United Asia Pacific Infrastructure Fund, United Global Healthcare Fund, United Global Internet Fund and United Global Tech Fund
Advising HSBC Institutional Trustee Services in the registration and offering of the SUT Global Ethical Fund comprising SUT Ethical Value Fund and the SUT Ethical Growth Fund sponsored by Singapore Unit Trusts Limited for retail investors in Singapore
Advising Cambridge Industrial Trust Management Limited in the acquisition, development and leaseback of industrial property by SGX-listed Cambridge Industrial Real Estate Investment Trust
Advising Prudential Asset Management regarding the initial public offering and listing of GIC-sponsored Global Logistic Properties Limited
Advising Itochu regarding the initial public offering and listing of Temasek-sponsored Mapletree Industrial Trust (real estate investment trust)
Advising SABANA REIT Management Limited on the setting up of joint venture for real estate investment
Advising an SGX-listed property developer on the initial public offering and listing of a hotel and hospitality-focused real estate investment trust
Advising Singapore-based fund manager on the establishment of a real estate property fund investing in US commercial properties
Advising on registering and offering of Genesis Capital Fund as a Cayman limited partnership fund
Advising Middletons and GESOP Funds #3 on the setting up of a Singapore Exempt Private Business Trust
Advising Calamos Emerging Markets Fund on the registration with the Monetary Authority of Singapore as a restricted scheme
Advising on the setting up and obtaining exempt fund manager status for Wellspring Capital Pte Limited a member of PT Samuel Securitas a leading Indonesian corporate finance and securities brokerage
Advising on the setting up and obtaining exempt fund manager status for Stone Harbor Investment Partners Pte Ltd
Advising on the setting up and obtaining exempt fund manager status for Newfields Partners Pte Ltd a member of the Partners Capital Funds group
Advising on the setting up and obtaining exempt fund manager status for EnTrust Capital Inc. a leading fund of funds
Advising Tiedemann Funds on Singapore regulatory requirements of operation of exempt fund manager in Singapore
Advising Wellington Fund Management Singapore on their corporate services requirements
Advising Pureheart Asset Management Singapore on their application for the MAS financial sector scheme incentive for fund management services
Advising Singapore Totalisator Board on the provisions of the SCO Trust Deed
Advising DBS Asset Management Asia on the Revenue Sharing Agreement and Shareholders Agreement.

Corporate & Finance \ Capital Markets

Acting for the joint international book-runners in the S$750 million initial public offering and listing of a mobile telecommunications service provider issuer
Acting for the joint international book-runners in the S$200 million initial public offering and listing of Singapore's first real estate investment trust
Acting for SGX-listed First Engineering Limited in its privatization and de-Listing
Acting for vendor in the reverse takeover of SGX-listed China Food Holdings
Acting for Yongnam Holdings in the Rights Issue
Acting for OSIM International in a rights issue of shares
Acting for Candover/ Weil Gotshal Manges in the purchase and restructuring of the opto-electronics business of Thales Electro-Optics, valued at more than S$214 million (US$141.22 million)
US$118 million sale of business and subsidiaries by SGX-listed Company to an American MNC
US$20 million purchase by a Hong Kong-listed company of the Myanmar business and assets of a Singapore company
US$197 million acquisition of major subsidiary of a SGX-listed Company by a New York-listed MNC
Advised Harrah’s Entertainment on its bid for the Singapore Integrated Resorts projects at Marina Bay and at Sentosa. The estimated value was S$5 billion (US$3.65 billion)
Advised Cambridge Industrial Trust Management Limited in the acquisition and leaseback of 36 properties in Singapore with a total value of S$723.414 million (US$528.1165 million)
Acting for the issuer managers in the offering and listing of US$1 billion Upper Tier 2 subordinated bonds issued by a major Singapore bank
Acting for United Overseas Bank for the Increase in UOB Australia Limited Euro Certificates of Deposit Program Limit (A$600million to A$1.5billion)
Acting for Sembcorp Marine Ltd in the update and upsize of its current multicurrency multi-issuer debt issuance programme from S$500,000,000 to S$2,000,000,000. DBS Bank Ltd. and Standard Chartered Bank are joint arrangers and dealers of the Programme
Acting for the issuer in the offering and listing of notes issued pursuant to a US$500 million medium term note programme issued by a major Singapore government-linked corporation
$750 million issuance of notes and bonds for a major property group in Singapore involving reconstruction of the property holdings to subsidiaries
$38 Million Transferable Loan Facility (with detachable warrants) for an SGX-listed Company
$150 million Fixed Rate Bonds Issuance and $160 million Variable Rate Note Issuance (with Revolving Underwriting Facility) for a major property group in Singapore
$120 million Variable Rate Note Issuance for a major SGX-listed GLC
$312 million Construction and Land Loan to major SGX-listed Company
$185 million Syndicated Trade Finance Facilities to major subsidiary of Indonesian conglomerate by a syndicate of European and American banks
Transferable Loan Facility with Warrants for YongNam Holdings Ltd