Darren advises on a broad range of corporate and corporate finance matters, with a particular focus on equity capital markets, mergers and acquisitions, and venture capital and private equity investments.
He has also acted for listed companies on initial public offerings, reverse take-overs, corporate restructuring and compliance (with post-listing requirements of the SGX-ST) and fund-raising exercises such as rights issues and placements.
Acting as Singapore legal adviser to FinAccel in its proposed merger with VPC Impact Acquisition Holdings II, with the combined entity valued at approximately US$2.5 billion.
Acted as Singapore legal adviser to Welsbach Technology Metals Acquisition Corp in its proposed business combination with a Hong Kong-based critical components innovator for electric vehicles.
Acted for a private investor in its investment in Fat Projects Acquisition Corp which raised US$115 million at the closing of its IPO.
Private equity & venture capital
Acted as Singapore legal adviser to Vulcan Capital in its investment in Bandlab, an online social music platform, as part of Bandlab’s US$53 million Series B fund raising.
Acted as Singapore legal adviser to Makers Fund in its investment in Singapore-based Trailblazer Games as part of a US$8.2 million seed round fund raising.
Acted as Singapore legal adviser to Icon Group, Australia’s largest integrated cancer care provider, in the acquisition by EQT Infrastructure of a majority stake in Icon Group for A$2.45 billion.
Acted as Singapore legal adviser to BigPay, the fintech unit of AirAsia, in its US$100 million fund raising led by SK Group.
Acted for a finance and analytics platform in its S$12.5 million Series A fund raising, led by a local bank.
Acted for Funding Societies Pte Ltd, one of Southeast Asia’s leading crowdfunding platforms, in its US$7.46 million Series A fund raising, led by Sequoia Capital.
Acted for the founders and shareholders of engineering solutions firm Axis-Tec Pte. Ltd. in the sale of 51% of the company to SGX-ST listed Ellipsiz Ltd. for S$3.6 million.
Acted for Mencast Holdings Ltd in various significant transactions, including (i) the disposal of its entire shareholding in Changshu Honghua Equipment (Changshu) Co Ltd for an aggregate consideration of RMB 49 million; (ii) the disposal of 50% of its shareholding in Vac-Tech Engineering Pte Ltd (“Vac-Tech”) for an aggregate consideration of S$9.3 million; and (iii) the subsequent disposal by the shareholders of Vac-Tech of 100% of Vac-Tech for S$42.5 million.
Others notable matters
Acted for Tsingshan Holding Group, one of the world’s largest stainless-steel producers, in various mining and smelting related joint ventures with, inter alia, Indonesia, Korea, Taiwan, US and Zimbabwe parties, including the joint investment with Taiwan Stock Exchange-listed Walsin Lihwa to establish a nickel pig iron plant in Indonesia, pursuant to which Walsin Lihwa would invest US$50 million.
Acted for Singapore-based co-living operator Easycity in its acquisition by Hong Kong co-living start-up Dash Living.
Acting for the liquidators (and previously the judicial managers) for AGV Group Limited in its restructuring efforts.
Acted for the Judicial Managers for China Sports International Limited (under judicial management) in its restructuring efforts, and prior thereto, for the Independent Directors of the company in the application for judicial management.
Acted for the Judicial Manager for Technics Oil and Gas Limited (under judicial management) in the proposed transfer of the Company’s listing status on the Main Board of the SGX-ST to XMI Group Pte Ltd by way of a scheme of arrangement.
Acting as Singapore legal adviser to Futu Holdings Limited in its proposed listing on the Main Board of the HKEX.
Acted for CICC (Singapore) in the proposed acquisition by Zhejiang Zheneng Electric Power Investment (Hong Kong), the wholly-owned subsidiary of Shanghai-listed Zhejiang Zheneng Electric Power, of a 25.62% stake in SGX-ST listed waste- to-energy plant operator Zheneng Jinjiang Environment for S$289.9 million.
Acted for CapAllianz Holdings Limited in placement exercises which raised a total of S$14.35 million.
Acted as Singapore legal adviser to various corporate groups in connection with their respective proposed listings on the HKEx, including (i) a group engaged in the sale of new and pre-owned passenger and commercial motor vehicles; (ii) a group engaged in general building installation, mechanical, electrical engineering and contracting works with an aggregated paid up and issued share capital of S$4.5 million; (iii) a group engaged the the sale of hardware and light machinery and the provision of maintenance and repair services for such machinery; and (iv) a group engaged in building construction works, with an aggregated paid up and issued share capital of S$19.05 million.
Acted as Singapore legal adviser to a Singapore incorporated pharmaceutical group in relation to its proposed listing on the Main Board of the Taipei Exchange.
Acted as solicitor to the issue manager, underwriter and placement agent in connection with the proposed listing of a Singapore incorporated group of companies, engaged in electronics design and manufacturing with a focus on LED lighting and the data-communication sector, on the Main Board of the SGX-ST.
Acted for WLB Asset Ltd., a subsidiary of Impact Investment Exchange (Asia) Pte. Ltd., in its issuance of US$8 million 5.65% Women Livelihood Bonds, and the subsequent listing of such bonds on the SGX-ST, being the world’s first listed social sustainability bond.
Banking & finance
Acted as Singapore legal adviser to a multinational trading group in connection with the refinancing of the group’s S$430 million credit facility.
Acted for lenders and borrowers in various banking transactions, including the grant of a S$130 million facility to a property developer to finance the purchase and development of an award-winning condominium project, a S$80.85 million facility to a real estate agency to finance the re-development of a residential project, a S$62 million facility to a property developer for refinancing purposes, and a S$40 million facility to a multi-national movie theatre operator to finance its working capital.