Kay Howe Lee

Kay Howe’s experience includes advising:

Capital Markets

• MR. D.I.Y. on its US$173 million IPO on the Stock Exchange of Thailand, marking the largest IPO in Thailand for 2025. This transaction was awarded Best IPO (Thailand) at The Asset Triple A Awards for Sustainable Finance 2026
• Tata Capital India on its US$1.75 billion IPO listed on Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE). This transaction represents the largest IPO in India in 2025 and the largest-ever IPO by an Indian non-banking financial company, and it was awarded Capital Markets Deal of the Year by India Business Law Journal’s Deals of the Year Awards 2025
• The issuer on the US$316.3 million bond offering of Varanasi Aurangabad NH-2 Tollway Private Limited (VAH) — this transaction is the first Indian road concession company to raise US dollar denominated project debt in the international capital markets and to obtain Investment Grade by Moody’s and Fitch. This transaction was awarded Capital Markets Deal of the Year by India Business Law Journal’s Deals of the Year Awards 2025
• Swiggy on its US$1.35 billion IPO listed on Bombay Stock Exchange (BSE) and National Stock Exchange of India Limited (NSE) — this transaction marks the second-largest IPO in India in 2024, and was awarded Capital Markets Deal of the Year by India Business Law Journal’s Deals of the Year Awards 2024, Best IPO (India) at The Asset Triple A Awards for Sustainable Finance 2025, and Equity Issue of the Year at the IFR Asia Awards 2024
• PT Sorik Marapi Geothermal Power on its US$350 million 7.75% Senior Secured Notes due 2031
• BofA and Morgan Stanley on Nickel Industries Limited’s US$400 million 11.25% senior notes offering
• A global investment company on note offerings under its global medium-term note program
• The underwriters on the initial public offering of Nexus Select Trust on the National Stock Exchange of India Limited and BSE Limited
• Zapp Electric Vehicles Limited, a UK-based, high-performance two-wheel electric vehicle company, on its Nasdaq listing through the business combination with CIIG Capital Partners II, Inc., a special purpose acquisition company
• GLP Pte. Ltd., a leading global investment manager and business builder on updating its US$5 billion Euro medium term note program

M&A

• TPG Capital and Asian Aesthetics Centers on the sale of a 45% stake in Apex Medical Center, a Thailand-based clinic chain offering a range of total beauty and wellness solutions
• MyRepublic Group on its sale of a majority stake in its Singapore broadband business to StarHub Online
• KKR on its subscription for Series A preference shares in Proventus Education Pte. Ltd., the holding company for the Taylor’s Education group, which owns and operates six international schools in Malaysia and Singapore