Kelly Teoh

Kelly’s experience includes advising:

• MakeMyTrip, India’s leading travel group, on:
  • Its acquisition of ibibo Group, an India-based company operating an e-commerce and online travel portal
  • Its US$330 million private placement of shares
  • Its US$230 million offering of senior convertible notes
  • The sale of Class B shares in MakeMyTrip from Naspers to Trip.com
  • Its concurrent US$1.4375 billion offering of senior convertible notes and upsized US$1.656 billion follow-on offering of ordinary shares
  • Its US$3.1 billion repurchase of Class B shares from Trip.com 
• VinFast Auto, a Vietnam-based electric vehicle manufacturer, on:
  • Its US$1 billion equity line of credit
  • Its US$50 million issuance of convertible debentures
• Zapp Electric Vehicles on its Nasdaq listing and business combination with CIIG Capital Partners II, Inc., a special purpose acquisition company
• 65 Equity Partners on its US$100m strategic investment in Tuya, Inc., a global cloud platform service provider listed on the NYSE and HKEx
• Strategic investors on their equity and debt investment in connection with the restructuring support agreement of 5E Advanced Materials, Inc, a Nasdaq-listed boron and lithium company with US government Critical Infrastructure designation for its 5E Boron Americas Complex
• Clifford Capital on multiple issuances of infrastructure asset-backed securities totaling US$2.7 billion, including through: 
  • Bayfront Infrastructure Capital VI Pte. Ltd., which included the first unrated mezzanine tranche to be offered to IABS investors on an unguaranteed basis
  • Bayfront Infrastructure Capital V Pte. Ltd., which included four classes of investment grade-rated notes (including a sustainability tranche), together with a mezzanine tranche guaranteed by GuarantCo and was awarded Asia-Pacific Bond of the Year at the IJGlobal Awards 2024, and Best Project Finance Deal: Singapore/APAC at the FinanceAsia Achievement Awards 2024
  • Bayfront Infrastructure Capital IV Pte. Ltd., which was awarded “Best Infrastructure Deal,” “Best Project Finance Deal,” and “Best Sustainable Finance Deal of the Year”, both for Asia and the Singapore market at the FinanceAsia Achievement Awards 2023
  • Bayfront Infrastructure Capital, the first infrastructure project finance securitization in Asia, which was awarded Asia-Pacific Bond Deal of the Year and Asian-mena Deal of the Year in 2018, and Structured Finance and Securitisation Deal of the Year in 2019 at the IFLR Asia-Pacific Awards
• SP Power Assets on various offerings pursuant to its US$8 billion global medium term note program
• The joint lead managers and the underwriters of the issuance by Astrea V Pte Ltd of a US$600 million bond issuance backed by cash flows from a portfolio of private equity funds
• Ventive Hospitality Limited as sole international counsel on its US$187.1 million initial public offering of shares on the NSE and BSE
• The underwriters in HDFC Standard Life Insurance Company Ltd’s US$1.33 billion initial public offering of shares on the NSE and BSE
• Block in the Series B-1 financing of PT Fliptech Lentera Inspirasi Pertiwi, Indonesia’s leading consumer payments platform
• PLDT on the sale of a minority stake in Voyager Innovations, a Philippines-based developer of platforms for digital payments, digital finance, and marketing technologies, to KKR and Tencent
• TPG Capital in the sale of its 50% stake in Myanmar Distillery, a Myanmar-based company involved in manufacturing alcoholic beverages
• Neptune Orient Lines on its acquisition by CMA CGM by way of a US$2.4 billion pre-conditional voluntary general offer*
• Neptune Orient Lines in its US$1.2 billion sale of APL Logistics to Kintetsu World Express*

* Matter handled prior to joining Latham