Marcus Lee

Mr. Lee's representative work includes advising:

Mergers & Acquisitions

• Affinity Equity Partners and TPG Capital on the sale of United Test and Assembly Center (UTAC), a Singapore-based provider of semiconductor assembly and testing services, to Wise Road Capital
• AIF Capital Asia IV, LP in its US$40 million investment for a minority stake in a restructured group
• Arsari Group in its disposal of palm oil plantations to the Royal Golden Eagle Group
• Asian Development Bank in its US$75 million equity investment into Summit Power International
• Baring Private Equity Asia on its disposal of Interplex Holdings, a global manufacturing business, to funds managed by the Blackstone group
• Barings Private Equity Asia in its privatization of Courts (Singapore) Limited
• Cebu Air in its US$250 million investment in the form of convertible bonds from the International Finance Corporation, the IFC Emerging Asia Fund, LP, and Indigo Philippines LLC (an affiliate of Indigo Partners LLC)
• EDMI Limited in its proposed delisting and exit offer by its controlling shareholder, SMB United Limited
• Fullerton Healthcare (FHC) and SIN Capital in the investment by CITIC Capital into Fullerton Health China, a holding company for FHC’s healthcare assets located in Hong Kong, China, Taiwan, and Macau
• Fullerton Healthcare in its 60% acquisition of the Intellicare Group, a leading managed care provider in the Philippines
• GIC in its US$407 million acquisition of interest in PT Surya Citra Media Tbk and its parent company, PT Elang Mahkota Teknologi Tbk
• GIC Private Limited in its minority investment into Flipkart Online Services, an India-based e-commerce company
• GK Goh Strategic Holdings and Daniel Aergether in its US$102 million privatization of EU Networks Limited
• Global Power Synergy Public Company, a subsidiary of PTT Public Company, on the acquisition of a 41.6% interest in Avaada, an India-based company engaged in developing and operating solar and wind power projects
• Golden Energy and Resources Limited (GEAR), an international resources company, on its:
  • Concurrent business segregation and privatization of its existing energy coal business, conducted through its Indonesian listed subsidiary PT Golden Energy Mines Tbk, from its metallurgical coal and other businesses
  • A$67.8 million acquisition of a 10% stake on Westgold Resources, an Australia-based company that explores and develops gold properties
  • Consortium arrangements and acquisition of the Ravenswood gold mine from Carpentria Gold
  • Sale of a 4.5% stake in PT Golden Energy Mines, an Indonesia-based company engaged in mining and coal trading, to Agif Pte, a special purpose vehicle of Ascend Global Investment Fund SPC
• Innobic (Asia) Company Limited, a wholly owned life science arm of PTT Public Company Limited, in its investment as part of a consortium in Alvogen Emerging Market Holdings Limited
• Joint venture between Warburg Pincus and VinaCapital to create a fully integrated hospitality platform including development, acquisitions, and operations across Southeast Asia
• Jurong Aromatics Corporation Pte Ltd in its US$550 million joint venture amongst eight other shareholders, including SK Group as the key shareholder, to develop, own, and operate an aromatics plant in Singapore
• 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
• Mono Growth Holdings in its sale of a 40% interest in a PRC shopping mall to Canadian Pension Plan Investment Board
• Partners Group in its acquisition of SPi Global, a Philippines-based provider of outsourced services to education, science, technical, and medical research publishers
• Pavilion Group in its sale of a 40% interest in a PRC shopping mall to Canadian Pension Plan Investment Board
• Platinum Equity on the acquisition of the Hong Kong-headquartered Hop Lun Limited, a manufacturer of women’s lingerie, sports apparel, and swimwear products
• 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
• PT Dian Swastatika Sentosa Tbk in its reverse takeover of United Fiber System Ltd through the sale of a 67% stake in PT Golden Energy Mines Tbk, an Indonesia-based coal mining company, to United Fiber System Ltd in consideration for the issuance of shares
• PT Semen Indonesia (Persero) in its acquisition of an 80% stake in PT Holcim Indonesia, an Indonesia based-producer and distributor of cement, ready-mixed concrete, and aggregates
• PT Sinar Mas Tunggal and its subsidiaries, PT Dian Swastatika Sentosa Tbk, and PT Golden Energy Mines Tbk, in the sale of PT Golden Energy Mines Tbk shares to GMR Infrastructure Ltd of India for an aggregate consideration of US$500 million
• PTT Public Company in its US$50 million PIPE Investment in Lotus Pharmaceutical, a Taiwan-based pharmaceutical company
• PTT Public Company Limited in relation to potential sale and divestment of certain Indonesia assets
• RITS Ventures Ltd, Aries Investment Partners Ltd, in the sale of their interests in three coal mining companies holding three coal mining concessions respectively in Indonesia, to PT Kubar Prima Energy and Yellow Primrose Holdings Limited
• Sale by a private equity investment firm of the entire interest in convertible bonds issued by Reach Point Offshore Limited, a company with interest in coal mining in Indonesia
• San Miguel Corporation on the acquisition of 85.7% stake in Holcim Philippines, a Philippines-based cement manufacturer
• Scomi Marine Berhad in its S$143 million disposal of approximately 29% stake in CHO Offshore Ltd to Falcon Energy Group Limit
• ST Engineering in a proposed US$2.68 billion acquisition of Transcore, a transaction intended to accelerate ST Engineering’s Smart City growth and position it as a market leader in Smart Mobility
• Sunningdale Tech Ltd on the acquisition of all the issued share capital of UFE Pte Ltd., a cavitation molding and contract assembly company
• TPG Capital Asia in:
  • Its acquisition of Quest Laboratories and Gribbles Pathology, the Asia-based pathological laboratories businesses of Healthscope
  • Relation to its portfolio company Pathology Asia Holdings, an independent medical diagnostics group in Southeast Asia, on its sale of a minority stake to various investors
  • The acquisition of Innovative Diagnostics and Quantum Diagnostics, both Asia-based pathology laboratory service providers
• TPG Capital in its initial acquisition and subsequent sale of a 50% stake in Myanmar Distillery, a Myanmar-based company involved in manufacturing alcoholic beverages
• United Engineers Limited in the US$354 million sale of its 60% stake in Multi-Fineline Electronix, Inc. to Suzhou Dongshan Precision Manufacturing Co., Ltd., by way of a merger between Dragon Electronix Merger sub Inc. and MFLEX
• Warburg Pincus Asia LLC in its acquisition, alongside Avic Trust, JL Investment Group, The Straits Trading Company, and Cheung Kong Property Holdings, of ARA Asset Management, a Singapore-based real estate fund manager
• Xyratex Technology Limited, Singapore branch on the acquisition of substantially all of the assets of OSC Asia (S) PTE LTD

Venture Capital Financings

• Bifrost Finance, a Singapore-based DeFi protocol company on its seed financing round
• Keppel in its Series C preferred stock financing into Nautilus Data Technologies, an American company developing floating data centers
• Loosely Coupled Technologies on its Series A financing from Razor Capital
• Malton Berhad and its significant shareholder on the Series C financing by Qatar Investment Authority into Regal Path, a joint venture entity, for the acquisition of the Pavilion Bukit Jalil mall in Kuala Lumpur, Malaysia
• Polaris Partners on its seed investment in Sunbird Bio, a diagnostics platform developer
• Tencent Holdings Equity in its Series C financing into Nasadiya Technologies (dba Pratilipi), an India-based operator of an online self-publishing platform
• Tencent in its Series A financing into MX Media, a service provider of OTT Video Aggregation and an offline media player through a mobile application under the name MX Player
• VEON Ltd., through VEON Ventures, on the Series A1 financing into ShopUp, Bangladesh’s leading full-stack B2B commerce platform for small businesses
• Voyager Innovations on its Series B financing from PLDT Inc., KKR, Tencent, and IFC Financial Institutions Growth Fund

Capital Markets

• Cooperative Ltd in the S$52.48 million investment by Mitsui & Co Ltd through the issuance of new ACAL shares
• DBS Bank Ltd. as sole bookrunner and lender in Manta 2 Holdings Limited’s S$200 million senior secured guaranteed bonds due 2016 and Miclyn Express Offshore’s US$315 million term loan and revolving credit facility
• Existing shareholders of ACAL Holdings Pte Ltd, including Temasek subsidiary Seletar Fund Investments Pte Ltd and NTUC Income Insurance
• Fullerton Healthcare Corporation Limited in its US$175 million senior perpetual capital securities offering
• Golden Energy and Resources Limited in its offer of US$150 million 9% notes due 2023
• Hiap Hoe Limited in the establishment of its S$500 million multicurrency medium term note program
• Indosat Palapa Company BV in its offer of US$650 million 7.375% guaranteed senior notes due 2020, unconditionally and irrevocably guaranteed by PT Indosat Tbk
• JCY International Berhad in its US$207 million initial public offering of shares on the Bursa Malaysia
• Mandiri Securities, a securities company based in Indonesia, as the sole arranger and sole lead manager on the establishment of Solar United Network’s S$250 million Multicurrency Debt Issuance Programme and the issuance of US$70 million 8.125% notes due 2025
• Oxley Holdings Limited in its establishment of its US$1 billion Euro medium term note program, and subsequent drawdowns of US$200 million 6.375% notes due 2021; and US$100 million 6.375% notes due 2021, to be consolidated and to form a single series with the existing offering of US$200 million 6.375% notes due 2021
• PT Tower Bersama Infrastructure Tbk as guarantor and TBG Global Pte. Ltd. as issuer in its offer of US$350 million 5.25% senior unsecured notes due 2022
• PT Tower Bersama Infrastructure Tbk in its offer of US$300 million 4.625% senior unsecured notes due 2018
• Sesa Goa Limited in its offer of US$500 million 5.0% convertible bonds due 2014
• Temasek in connection with the sale of their stake in Korean Exchange-listed Celltrion, Inc. and Celltrion Healthcare Co., Ltd. in a block trade aggregating US$994 million
• The deal manager in PT Ciputra Property Tbk’s offer of S$65 million 5.625% notes due 2018
• The deal managers in the US$101.9 million block trade of PT Surya Citra Media Tbk shares
• The deal managers in the US$74.7 million block trade of PT Indosiar Karya Media Tbk shares
• The financial advisors in PT Bakerie Sumatera Plantations Tbk’s offer of US$100 million 8.0% equity-linked notes due 2013
• The initial purchaser in KrisEnergy Ltd.’s solicitation of consents and exchange offer for all of its outstanding S$130 million 6.25% notes due 2017, and S$200 million 5.75% notes due 2018 for notes due 2023
• The joint lead managers and underwriters in the issuance of three classes of bonds by Astrea VI Pte. Ltd., which are backed by cash flows from a portfolio of private equity funds
• The placement agent in Yangzijiang Shipbuilding (Holdings) Ltd’s S$209 million private placement of shares
• The underwriters in Olam International Limited’s renounceable underwritten rights issue of US$750 million 6.75% bonds due 2018, with free detachable warrants
• The underwriters in PT Borneo Lumbung Energi & Metal Tbk’s US$575 million initial public offering of shares on the IDX
• The underwriters in updates to ICICI Bank Limited’s US$7.5 billion global medium term note program and subsequent drawdowns
• Vedanta Resources plc in its offer of US$883 million 4.0% convertible bonds due 2017

Fintech Transactions

• A blockchain software technology company on navigating potential business and regulatory issues, as well as constructing the legal structure of its relationship with a MAS-licensed entity, in relation to establishing a joint venture blockchain-based exchange platform to facilitate trading of tokenized securities
• A Singapore-based private investment firm on its proposed initial coin offering (ICO) in Singapore, including on the characterization of the tokens under Singapore laws and regulations, and documentation and compliance procedures; also advising on proposed further offerings in the Middle East, Europe, and the US
• A technology company that facilitates the sale and transfer of geo-location data on a blockchain-based platform on a private token sale and public token airdrop
• A Korean company on its proposed initial coin offering (ICO), including on the characterization of the tokens under Singapore laws and regulations, formation of a Singapore entity for the purposes of carrying out said ICO, and documentation and compliance procedure