Kelly Teoh

Kelly’s experience includes advising:

• MakeMyTrip, India’s leading travel group, on:
  • Its concurrent upsized US$1.4375 billion offering of senior convertible notes and upsized US$1.656 billion US registered follow-on offering of ordinary shares
  • Its US$3.1 billion repurchase of Class B shares from Trip.com
  • 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 acquisition of ibibo Group, an India-based company operating an e-commerce and online travel portal
• VinFast Auto, a Nasdaq-listed Vietnam-based electric vehicle manufacturer, on its:
  • US$1 billion equity line of credit
  • US$50 million convertible debenture issuance
• The underwriters on the S$259.2 million public offering of AvePoint, which is the first US registered follow-on offering and concurrent secondary listing by a Nasdaq-listed company on the SGX
• Zapp Electric Vehicles, a UK-based, high-performance two-wheel electric vehicle company, on its Nasdaq listing through a business combination with CIIG Capital Partners II, a special purpose acquisition company (SPAC)
• 65 Equity Partners on its US$100 million acquisition of a minority stake in Tuya, a China-based cloud platform service provider listed on the NYSE and HKEx
• Strategic investors on their equity and debt investment in connection with the debt restructuring of 5E Advanced Materials, a Nasdaq-listed boron and lithium company with US government Critical Infrastructure designation for its 5E Boron Americas Complex
• As sole international counsel on Ventive Hospitality’s US$187.1 million IPO on the BSE and NSE, backed by Blackstone and Panchshil Realty
• As sole international counsel on HDFC Standard Life Insurance Company’s US$1.33 billion IPO on the NSE and BSE
• Clifford Capital on multiple issuances of infrastructure asset-backed securities (IABSs) totaling US$2.7 billion, including through:
  • Bayfront Infrastructure Capital VI, which included the first unrated mezzanine tranche to be offered to IABS investors on an unguaranteed basis
  • Bayfront Infrastructure Capital V, 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, 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
• The underwriters on multiple bond issuances by Astrea, including the issuance by Astrea 9 Pte. Ltd. of S$615 million Class A-1 bonds and US$200 million Class A-2 bonds, backed by cash flows from a portfolio of private equity funds
• The dealers on Clifford Capital’s US$1 billion euro medium term note programme updates and drawdowns
• SP PowerAssets on drawdowns pursuant to its US$8 billion global medium term note program
• Traveloka, a leading travel and lifestyle platform in Southeast Asia, on:
  • the investment from a subsidiary of PTT Oil and Retail Business Public Company
  • its simultaneous acquisition of online travel businesses in Indonesia, the Philippines and Vietnam
• PLDT on its 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 Holdings
• Block on its Series B-1 financing of PT Fliptech Lentera Inspirasi Pertiwi, an Indonesia-based consumer payments platform
• Tencent on its acquisition of assets from iflix, a Malaysia-based regional video streaming platform
• TPG Capital on its sale of a 50% stake in Myanmar Distillery
• San Miguel Corporation on its proposed US$2.15 billion acquisition of an 85.7% stake in Holcim Philippines, a cement manufacturer listed on The Philippine Stock Exchange
• Total on the spinoff of Maxeon Solar by SunPower
• The Asian Development Bank on its proposed US$75 million equity investment in Summit Power International
• Neptune Orient Lines on its:
  • Acquisition by CMA CGM through a US$2.4 billion pre-conditional voluntary general offer*
  • US$1.2 billion sale of APL Logistics to Kintetsu World Express*

*Matter handled prior to joining Latham