First SICC-appointed receivership successfully closed

A&O Shearman were involved as international counsel in advising the receivers on the design and implementation of a robust, court-supervised sale framework tailored to a contested shareholder environment and DyStar’s complex global footprint. Following an intensive market canvass and due-diligence program, the receivers executed the sale of the minority stake in DyStar to the Zhejiang Longsheng Group through a series of bespoke contractual arrangements.

The transaction, based on DyStar’s implied valuation of approximately USD1.8 billion, is one of the largest receiverships in Singapore over the past decade.

“This deal showcases A&O Shearman at our best—delivering innovative, highly complex and cross-border mandates involving multiple jurisdictions,” said Rishi Hindocha, partner in A&O Shearman. “Our ability to combine global reach with deep local expertise was critical to winning this mandate and achieving a successful outcome under the court’s supervision.”