S$1.6 billion voluntary conditional cash offer for Perennial Real Estate Holdings Limited by Primero Investment Holdings Pte. Ltd.

A&G News 24 August 2020

S$1.6 billion voluntary conditional cash offer for Perennial Real Estate Holdings Limited by Primero Investment Holdings Pte. Ltd.

Allen & Gledhill advised Primero Investment Holdings Pte. Ltd. (“Primero Investment Holdings”), as transaction counsel, on the S$1.6 billion voluntary conditional cash offer made by United Overseas Bank Limited (“UOB”) and DBS Bank Ltd. (“DBS”), for and on behalf of Primero Investment, for all the issued and paid-up ordinary shares in the capital of Perennial Real Estate Holdings Limited.

Allen & Gledhill also advised UOB and DBS as financial advisers to Primero Investment Holdings.

Advising Primero Investment Holdings were Allen & Gledhill Partners Lee Kee Yeng and Chong Zhuo Chen.

Advising Primero Investment Holdings on competition issues was Allen & Gledhill Partner Elsa Chen.

Advising UOB and DBS was Allen & Gledhill Partner Christopher Ong.