Bird & Bird ATMD advised Singapore media and property conglomerate on acquisition and joint venture

15 June 2017

Acquisition of Orange Valley Healthcare by Singapore Press Holdings

Bird & Bird ATMD has acted for SGX-listed media and property conglomerate Singapore Press Holdings Limited (SPH), the media organisation in Singapore, in its entry into the healthcare sector with the acquisition, through its wholly-owned subsidiary Invest Healthcare Pte Ltd, of all of the shares and intellectual property of Orange Valley Healthcare Pte Ltd (OV) for a total consideration of approximately S$164 million.

This is the largest non-property acquisition made by SPH which positioned the deal as the first of potentially more in the healthcare space, in light of the healthcare needs of Singapore's ageing population in the long term.

The team involved in this transaction was led by Marcus Chow (Partner, Singapore) who was assisted by Jolie Giouw (Counsel, Singapore) and Brenda Chong (Associate, Singapore).

Singapore Press Holdings' Joint Venture with RecommN Technologies

Bird & Bird ATMD has acted for SGX-listed media and property conglomerate Singapore Press Holdings in its equity joint venture with RecommN Technologies to provide an online services matching portal that connects customers with service providers. Malaysia-based RecommN Technologies, which was launched in 2014, has closed a seed round from Gobi Ventures and expanded its business operations to Indonesia and Thailand.

The team involved in this transaction was led by Marcus Chow (Partner, Singapore).