IFLR 1000 (2016) Edition
The rankings and editorials on Rajah & Tann Singapore released by the IFLR are highlighted below.
Rajah & Tann Singapore
Banking – Tier 1
Capital markets – Tier 2
Energy & Infrastructure – Tier 2
Mergers and acquisitions – Tier 2
Restructuring and insolvency – Tier 1
Angela Lim – Banking, Project Finance
Chia Kim Huat – Capital Markets
Goh Kian Hwee – Capital Markets, M&A
Evelyn Wee - Capital Markets, M&A
Lim Wee Hann – M&A
Ng Kim Beng – Energy & Infrastructure: Disputes
Sim Chee Siong – Energy & Infrastructure: Disputes
Soh Lip San - Energy & Infrastructure: Disputes
Lee Eng Beng – Restructuring & Insolvency
Patrick Ang – Restructuring & Insolvency
Tan Chuan Thye – Restructuring & Insolvency
Sim Kwan Kiat - Restructuring & Insolvency
Danny Ong – Restructuring & Insolvency
Rajah & Tann has strength across the board but is particularly well known for its restructuring work. Significant deals in the past year results in the firm moving up to Tier 1 in the banking and finance rankings.
Head of banking and finance Angela Lim acted on several highlight deals in 2014 including the $2.1 billion loan facilities to Singtel Group on behalf of a syndicate of banks. Also, the team advised Panca Amara Utama on the $800 million financing facility for the development of a greenfield ammonia production plant, the largest of its kind to be built in Indonesia. The team advised Resorts World at Sentosa on the takeout of $2.27 billion in senior secured credit facilities.
In the capital markets Evelyn Wee and Teo Yi Jing advised on the IPO of Japfa on the Singapore stock exchange that raised S$1.38 billion. In another IPO deal worth $1.1 billion of Accordia Golf Trust, the firm acted for Citigroup Global Markets Singapore and Daiwa Capital Markets Singapore.
In M&A, noteworthy deals in 2014 saw Goh Kian Hwee and Lawrence Tan acting for Goodpack on its acquisition by Kohlberg Kravis Roberts & Co. Elsewhere, Hwee, Cynthia Goh and Cheng Yoke Ping advised Lee Latex, Selat and Singapore Investments in the sale of their entire shareholding interests in Anson Company.
In restructuring and insolvency, the firm continues to advise MF Global Singapore in its insolvency, said to be the most high-profile in the financial industry since Lehman Brothers. Elsewhere in the shipping industry, the team represented Dynamic Oil Trading (Singapore) in its liquidation as part of OW Bunker group’s global collapse. And in debt restructuring, the firm advised Bumi Resources and its Singapore Subsidiaries in its $5 billion worth of debt restructuring and in Singapore more specifically, the restructuring of bonds and notes of up to $1 billion.
R&T Sok & Heng
Financial and Corporate – Tier 1
Energy and infrastructure - Tier 2
Heng Chhay – Corporate and M&A, Energy & Infrastructure, Banking, Project Finance
R&T Sok & Heng is a member of Rajah & Tann Asia and thus is supported by a vast regional network. It is one of the first few firms that were authorised by the Securities and Exchange Commission of Cambodia (SECC) to advise on IPOs and securities.
Clients are happy with the firm’s commitment to its work. One foreign client says, “I've been using this firm since I first arrived in Cambodia several years back. I've had nothing but positive experiences with them.” Another depicted the firm as “committed to perfection that is truly delivered”.
The firm has been working on M&A projects in different sectors. One public matter saw Chhay Heng advise Massimo Zanetti Beverage on the acquisition of Boncafé Group for $85 million.
Another transaction highlight was the acquisition of a 30% stake in Advanced Bank of Asia, a leading commercial bank in Cambodia. The firm assisted National Bank of Canada in matters such as due diligence, compliance with Cambodian regulatory requirements and reviewing transactional documents. The $20 million transaction w