Takeovers & Privatisations

We have advised offeror and offeree companies in takeover situations that are governed by the Singapore Takeover Code, both mandatory and voluntary as well as schemes of arrangements undertaken pursuant to Section 210 of the Companies Act. We have handled negotiated and contested acquisitions (including tender offers, take over bids, exchange offers) and provided strategic input for areas such as proxy solicitations and takeover defences.

Our clients include leading industrial, service and financial organizations. Evidence of our expertise can be found in both the size of deals on which we have acted and the number of listed clients we advise.

Some of the transactions which our lawyers have worked on include the following:

  • S$5.2 billion takeover of Keppel Bank (Keppel Capital Holdings Ltd) by Oversea-Chinese Banking Corporation Ltd
  • Inchape Marketing Services Limited’s takeover by Li & Fung
  • TLB Land Ltd’s takeover by Ambeca Pte Ltd
  • Singapore Petroleum Company Limited’s takeover by Keppel Oil and Gas Services Pte Ltd
  • S$200 million takeover and privatisation of Speedy-Tech Holding Ltd by the Ayala Group of the Philippines (on-going)

We have also acted in various privatisations including the privatisations of Keppel TatLee Finance Limited, Keppel FELS Energy and Infrastructure Ltd and Keppel Hitachi Zosen Limited.