WongPartnership acted for KKR in the S$6.6 billion acquisition of STT GDC Pte. Ltd.

WongPartnership LLP acted as Singapore counsel to KKR in connection with the acquisition by a KKR-led consortium, comprising Singtel, of STT GDC Pte. Ltd. from STT Communications Ltd.

We advised on the Singapore law aspects of the transaction, including numerous structuring considerations and legal and regulatory issues arising in connection with the acquisition. The scale and cross-border nature of the deal required close coordination across practice areas and with advisers in multiple jurisdictions to support the consortium’s commercial objectives and execution timeline.

The transaction is one of the largest digital infrastructure deals in Southeast Asia to date, with a total consideration of S$6.6 billion representing an implied enterprise value of approximately S$13.8 billion.

The matter was led by our Mergers & Acquisitions Partners Audrey Chng and Soong Wen E and our Co-Head of Employment Vivien Yui, supported by Partners from various practices comprising:

Antitrust & Competition: Chan Jia Hui and Clarissa Koh
Asset Management & Funds: Low Kah Keong and Felicia Marie Ng
Banking & Finance: Susan Wong, Bernadette Tan and Felix Lee
Commercial & Corporate Disputes: Jenny Tsin, Chang Qi-Yang and Ho Wei Jie
Corporate Real Estate: Dorothy Marie Ng and Serene Soh
Debt Capital Markets: Hui Choon Yuen and Trevor Chuan
Energy, Projects & Construction: Lesley Tan
Financial Services Regulatory: Tian Sion Yoong and Melissa Tham
Intellectual Property, Technology & Data: Kylie Peh
Tax: Tan Shao Tong

For more information about our Practices, click here.

News