Drew & Napier acted for Rothschild & Co Singapore Limited, independent financial advisor to CapitaLand Limited, on CapitaLand Limited’s acquisition of Ascendas Pte. Ltd. and Singbridge Pte. Ltd.
26 Jun 2019
Drew & Napier acted for Rothschild & Co Singapore Limited, independent financial advisor to CapitaLand Limited ("CapitaLand"), in relation to the acquisition of all the issued ordinary shares in each of Ascendas Pte Ltd and Singbridge Pte. Ltd. by CapitaLand for a total consideration of S$6,035.9 million which was satisfied by an equal proportion of cash and new ordinary shares in CapitaLand (the "Transaction").
The Transaction is transformational for the CapitaLand group, as it would create one of Asia’s leading diversified real estate companies upon completion. The Transaction is expected to result in the CapitaLand group becoming one of the top 10 real estate investment managers globally.
Advising Rothschild & Co Singapore Limited are Directors Steven Lo, Jon Nair and Tan Teng Sen and Senior Associate Tan Jin Wei.