Drew won Impact Deals of the Year Award for acting in CapitaLand Limited’s acquisition of Ascendas-Singbridge at the 2020 International Tax Review Asia Tax Awards
28 Aug 2020
Drew & Napier won the Impact Deals of the Year Award for acting in CapitaLand Limited’s acquisition of Ascendas-Singbridge at the 2020 International Tax Review (ITR) Asia Tax Awards.
The deal involving CapitaLand Limited’s (CapitaLand) US$4.5 billion acquisition of Ascendas-Singbridge Pte. Ltd. was led by Directors Steven Lo, Jon Nair and Tan Teng Sen. The team acted for Rothschild & Co Singapore Limited, the independent financial adviser to CapitaLand in relation to, amongst other things, the acquisition of all the issued ordinary shares in Ascendas Pte Ltd and Singbridge Pte. Ltd. by CapitaLand. The deal is a transformational one for the CapitaLand Group, in which the deal created one of Asia’s leading diversified real estate companies upon its completion in June 2019, putting CapitaLand Group amongst the top 10 real estate investment managers globally.
The deal was singled-out by the editors for its national and regional impact in 2019.
We are also pleased to share that Drew Network Asia (DNA) pillar firm, Shearn Delamore & Co (Shearn) from Malaysia won the coveted Malaysia Firm of the Year and the Tax Firm of the Year in the asialaw Awards, and the Malaysia Tax Disputes Firm of the Year in the ITR Asia Tax Awards.