Penelope Davey advises clients on a range of cross-border corporate transactions.
Penelope helps private equity and venture capital firms, investment funds and financial institutions, as well as emerging companies, corporates and state-owned enterprises execute complex cross-border transactions, including:
Mergers and acquisitions
Divestments
Auctions
Joint ventures
Venture capital financings
Penelope brings clients a commercial sensibility, drawing on experience working both in London and in Singapore to efficiently navigate matters across the region, with a particular focus on transactions related to energy and infrastructure.
Experience
Penelope’s representative experience includes advising:
Mergers & Acquisitions
Energy & Infrastructure
Digital Realty on its joint venture with Bersama Digital Infrastructure Asia, a Southeast Asian regional digital infrastructure platform, for the purpose of forming Digital Realty Bersama to develop and operate data centers across Indonesia
I Squared Capital on the acquisition of Philippine Coastal Storage & Pipeline Corp, the largest independent import terminal in the Philippines, from Keppel Infrastructure Trust and Metro Pacific Investments Corporation
A consortium of Japanese buyers, including Osaka Gas Co., Ltd. and Sumitomo Corporation, in connection with their US$370 million strategic investment in AG&P LNG Marketing Pte. Ltd., I Squared Capital’s platform for investing in companies that develop city gas distribution networks in India
The AES Corporation (AES), a leading global energy company, on its agreement with Se.ven Global Investments to sell its 51% equity stake in the Mong Duong 2 coal-fired plant in Vietnam
MIND ID on its acquisition of an increased shareholding in PT Vale, an Indonesia-based nickel mining and processing company
ib vogt, a leading utility-scale solar development platform, on its joint venture with AC Energy Corp (ACEN) to set up a platform to fund the construction and operation of large-scale solar power plants and battery storage assets across Asia
ICG on its investment in Amp Energy India Private Ltd., a leading renewable energy platform
A German construction engineering company on its pan-Asian solar energy and battery storage joint venture with a Philippines-based holding company
A towers company on its joint venture with a large PE sponsor to establish a towers platform in India and across Southeast Asia
A global power development and investment company on the establishment of a gas fired IPP joint venture in Brazil
JERA on the sale of its approximately 14% stake in the Paiton Coal Thermal IPP Project in Indonesia to PT Medco Daya Energi Sentosa, a wholly-owned subsidiary of PT Medco Daya Abadi Lestari*
Frontier Tower Associates Philippines on its joint venture with KKR to establish a telecom tower platform in the Philippines and across Southeast Asia*
Additional Sectors
SATS Ltd on its acquisition of Worldwide Flight Services, the world’s largest air cargo handling firm, from an affiliate of Cerberus Capital Management, LP
Investcorp on its acquisition of a majority interest in Viz Branz, a distributor of F&B brands across China and Southeast Asia*
I Squared Capital on its acquisition of a majority interest in cloud computing companies Mateen Cloud Ventures and Infofabrica Holdings*
One of the largest domestic data centre and fibre players in Indonesia on an investment by a Japanese Bank
A BPO services company in the healthcare sector on its auction sale process
A global investment manager on its proposed acquisition of an Indonesian IPTV and media content producer*
An Indonesian state-owned entity on the proposed acquisition of a majority interest in an electric vehicle manufacturer in Europe*
Venture Capital Financings
An Asian biotechnology company developing precision IL-2/15 therapies for cancer, on its Series A fundraising round
GoTo on several of its recent acquisitions and joint ventures, including its joint venture with Air Asia, its cloud kitchen joint venture with Rebel Foods, its e-commerce joint venture with JD.com, its Series A fundraise for GoPlay, and its Series C investment into an Indonesian e-wallet company*
RUMA and its substantial shareholder GoTo on a Series A financing in RUMA, an Indonesian e-commerce company*
PTT CVC on various venture capital investments in Asia and in the US*
Firm honored by Law360 for advising startups, financial institutions, VCs, digital asset and Web3 participants, and corporations on their most innovative and complex transactions, investigations, litigation, and regulatory matters.
Asia corporate team represents I Squared Capital on its 100% acquisition indirectly of Philippine Coastal Storage & Pipeline Corp (PSCPC) from Keppel Infrastructure Trust (KIT) and Metro Pacific Investments Corporation (MPIC).
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