Andrew Ang

Practice Areas

Andrew Ang is the Co-Head of the Mergers & Acquisitions Practice and a Partner in the Private Equity Practice. His main practice areas are local and cross-border mergers and acquisitions, corporate restructurings, joint ventures, privatisations as well as private equity investments.

Publications

- Casewatch – Singapore Court of Appeal Clarifies that Third-Party Offers for Shares Not Invariably Best Evidence of Fair Market Value

- The Private Equity Review (Investing) – Singapore chapter 2nd – 9th editions

- Getting the Deal Through - Private M&A, Singapore Chapter - 2019 - 2020 editions

- Global Legal Insights - Mergers & Acquisitions, 3rd Edition - Singapore Chapter

Work Highlights

Significant transactions that Andrew has been involved in include advising / acting for the following:

- CLA Real Estate Holdings Pte. Ltd. in connection with the S$21 billion restructuring of CapitaLand to demerge the investment management business and privatise the development arm.

- ESR Cayman Limited, Asia's largest real asset manager which is listed on the Hong Kong stock exchange, in relation to the change of control applications arising from its US$5.2 billion acquisition of the ARA Group and the S$1.4 billion merger of ESR-REIT and ARA LOGOS Logistics Trust. Both REITs are listed on the Singapore Exchange Securities Trading Limited.

- CapitaLand Commercial Trust in the merger of CapitaLand Commercial Trust and CapitaLand Mall Trust by way of trust scheme of arrangement to form one of the largest REITs in the Asia Pacific region and the largest in Singapore, with a total portfolio property value of approximately S$22.4 billion. This deal was awarded "Megatrend Deal of the Year (Property)" and "Top Three Deals in South East Asia" at the FinanceAsia Achievement Awards, 2020.

- Nesta Investment Holdings Limited, which is controlled by a consortium comprising HOPU Logistics Investment Management Co., Ltd., Hillhouse Capital Logistics Management, Ltd., SMG Eastern Limited (an entity wholly owned by the CEO of Global Logistics Properties), Bank of China Group Investment Limited and Vanke Real Estate (Hong Kong) Company Limited, in the acquisition of Global Logistic Properties Limited for approximately S$16 billion by way of a scheme of arrangement. This deal was awarded "Deal of the Year" and "Best Leveraged Finance Deal" at the FinanceAsia Achievement Awards, 2017, "M&A Deal of the Year: South East Asia" at The Asian Lawyer's Asia Legal Awards 2018, and M&A Deal of the Year (Premium) at the ALB SE Asia Law Awards, 2018.

- CMA CGM S.A. ("CMA") in relation to the voluntary general offer by CMA for all the issued and paid up ordinary shares in the capital of Neptune Orient Lines Limited, for approximately S$3.4 billion. This deal was awarded "M&A Deal of the Year (Premium)" at the ALB SE Asia Law Awards, 2017.

- CB Medical Holdings Limited ("CBMHL"), an indirectly-owned subsidiary of Beijing CITIC Investment Centre (Limited Partnership), in the amalgamation between CBMHL and Biosensors International Group, Ltd. valued at S$1.1 billion, this being the first take private of a company listed on the Singapore Exchange Securities Trading Limited through an amalgamation.