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Felicia Tan

Senior Associate

Felicia’s practice focuses on M&A, private equity and growth capital transactions. As part of her broader APAC practice, Felicia focuses on cross-border transactions involving Singapore, Indonesia and Vietnam.

Felicia regularly advises asset managers, sovereign wealth funds, private equity houses, corporates, growth companies and financial institutions across a variety of different industry sectors, including consumer, real estate, tech, financial services and infrastructure.

Felicia has also spent time on secondment at a global financial institution.

Experience

Representative matters

Private Equity / Sovereign Wealth Funds / Asset Managers

Indonesia 

Investcorp on its acquisition of a 51% stake in PT Multitrend Indo (MTI) from PT Kanmo Retailindo (KRI). 

A leading Asian sovereign wealth fund on its minority investment into PT Margautama Nusantara, a toll road company controlled by Metro Pacific Tollways Corporation. 

A leading Asian sovereign wealth fund on its investment into, and strategic partnership with a cinema operator in Indonesia. 

A leading global growth equity firm on its investment into an Indonesian biopharmaceutical company focusing on the development, manufacturing and commercialisation of biologics in ASEAN. 

Vietnam 

A consortium led by a leading Asian sovereign wealth fund on a USD500m investment into a retail chain in Vietnam. 

Verlinvest on the sale of its interest in Wall Street English Vietnam. 

A leading Asian sovereign wealth fund on their investment into, and strategic partnership with, the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), Vietnam’s largest bank by market capitalization. This is one of the first investments by a financial sponsor into the Vietnamese banking sector. 

Korea 

ESR Group on the establishment of Korea’s first perpetual, open-ended stabilised core logistics real estate holding platform with an initial 3-year target AUM of USD3.5b. 

ESR Cayman on its investment in a joint venture with CPPIB and APG for a USD1bn industrial real estate joint venture in South Korea. 

Other jurisdictions 

CDC Group, the UK development finance institution, on its investment in Frontiir, a Singapore-incorporated company operating a digital information and communications technology business in Myanmar. 

IFC and certain co-investors in respect of an acquisition of a Philippines insurance company. 

A leading PE house on their proposed acquisition of a QSR brand business, and the associated franchising arrangements, with Yum! Brands across Asia and the MENA region. 

A private equity house on the proposed acquisition of shares in and joint venture in a Singapore-based logistics company. 

Fundraising 

TNG Digital, the largest e-wallet in Malaysia, on an equity investment by a U.S. investment firm. 

Ninja Van, the technology-enabled last-mile logistics platform operating in South East Asia, on its Series C and Series D fundraisings. 

The Chope Group in relation to an investment by a strategic investor, as part of the Series E fundraising investment round. 

PayU, the payments and fintech business of Prosus which is majority owned by Naspers, on the acquisition of a controlling interest in PaySense and proposed merger of PaySense with LazyPay, PayU’s existing Indian consumer lending business, to form an Indian digital credit offering including an Indian Non-Banking Financial Company licence. 

Brunei Investment Agency, the sovereign wealth fund of Brunei Darussalam, on their Series C investment into Fazz Financial Group, a fintech company that operates various digital platforms for payments, lending, remittance and e-commerce. 

Naspers’ classifieds business OLX Group on its investment into Singapore-headquartered Carousell, one of Asia’s largest and fastest-growing classifieds marketplaces. 

Tani Hub, an Indonesian B2B argicultral marketplace, on its Series B fundraising. 

Financial Institutions 

Insurance 

QBE Insurance Group on the disposal of 100% of its shares in PT QBE General Insurance Indonesia to Great Eastern Holdings for USD28m. 

QBE Insurance Group on the disposal of its insurance operation in the Philippines. 

A Korean insurer on its proposed bid for the acquisition of a significant stake in an Indonesian insurance company, along with its bancassurance arrangements. 

A Japanese insurer on its proposed bid for the acquisition of an insurance business in Vietnam and Singapore. 

Bank 

An ASEAN bank on a proposed minority investment into a Philippine bank and all related shareholders' and collaboration agreements. 

Bank of Nova Scotia on the proposed sale of its Malaysian banking business to Cathay Financial Holdings. 

Greenland Financial Holdings on the establishment of the digital bank in Singapore, known as Green Link Digital Bank, which includes providing advice on its proposed consortium and other partnership arrangements. 

A British multinational banking and financial services company on the reorganisation and subsequent sale of its PE business, across APAC and the Middle East. 

Consumer

Wine Connection on a joint venture and franchising arrangement for Wine Connection franchised stores and restaurants in Sri Lanka with ACP Foods Pvt Ltd, a portfolio company of Ataraxia Capital Partners (a Sri Lankan focused PE Fund). 

Wine Connection on two joint ventures with Wine Connection’s founder and a local Korean partner, Brand Networks Korea (BNK), as part of its targeted expansion into Korea. 

Jollibee on its shareholder arrangements re and investment into International Coffee & Tea, LLC. which owns and operates the “Coffee Bean & Tea Leaf” international chain of coffee stores and franchises. 

Pernod Ricard Asia on its strategic joint venture with Premier Wine & Spirits, a business of leading retail company Cosco Capital Inc., in the Philippines. 

A global F&B business on its proposed investment in a food production and sale business in Singapore. 

Mitsui on the subscription of convertible bonds in Indonesia company CT Corpora to the value of approx. USD943m. 

A Thai conglomerate on its proposed acquisition of a majority stake in a restaurant chain in Singapore. 

Others 

Sembcorp Industries on its acquisition of majority interests in various subsidiaries of GELEX Group which own operational renewable wind, solar and hydropower assets in Vietnam. 

Macquarie Capital on its acquisition of a majority stake in Excel Telesonic India Private Limited (CloudExtel), a leading Indian digital infrastructure operator. 

A trade bidder on its proposed acquisition of a controlling interest in an Indonesian water concession. 

A global industrial manufacturer on the restructuring of its South East Asian business. 

China Fortune Land Development (CFLD) on its investment into Vina Dai Phuoc Corporation, including the full acquisition from VinaCapital of the Dai Phuoc Lotus project, a residential township development project in Dong Nai, near Ho Chi Minh City. 

Berkeley Energy on its majority investment into Tasma Bioenergy, an Indonesia Biomass Energy company. 

UBM on its USD485m acquisition of Allworld Exhibitions. 

Qualcomm on its USD47bn acquisition of NXP Semiconductors through a tender offer on all issued and outstanding shares. 

WPP on the USD3.1bn sale of a 60% stake in Kantar to Bain Capital.

Qualifications

Admissions

Admitted as advocate and solicitor, Singapore, 2014

Academic

LLB (Hons), University of Bristol, 2012

Languages

English
Disclaimer
A&O Shearman was formed on May 1, 2024 by the combination of Shearman & Sterling LLP and Allen & Overy LLP and their respective affiliates (the legacy firms). Any matters referred to above may include matters undertaken by one or more of the legacy firms rather than A&O Shearman.