1 December, 2014

Stephenson Harwood (Singapore) Alliance has advised GDF Suez on the acquisition through its wholly-owned subsidiary, Cofely South East Asia of Keppel FMO, a wholly-owned subsidiary of Keppel Infrastructure Holdings. The acquisition signed and competed in Singapore on 28 November 2014. Keppel FMO is one a provider of integrated facilities management (FM), property management, operation and maintenance, and FM consultancy services in Singapore.

Tom Platts, corporate partner in Singapore commented “We’re delighted to have once again advised GDF Suez on a significant strategic transaction, as it strengthens its Singapore and South East Asia FM operations. The Keppel FMO transaction follows on from our work for GDF Suez earlier this year when our team in London advised on its GBP 190m acquisition of Lend Lease’s UK FM business, and last year when we advised on its GBP 190m acquisition of Balfour Beatty’s UK facilities management division. It is also the second recent acquisition for GDF Suez that we have advised on, following Cofely’s acquisition of a 49% stake in Pendinginan Megajana in Malaysia in late 2012.”

The Stephenson Harwood (Singapore) Alliance transaction team was led out of Singapore by partner Tom Platts. Singapore law assistance was provided by partner Allan Tan.

Other assistance provided for the acquisition included financial advice by a team led by Ralf Pilarczyk, regional head of M&A at Standard Chartered Bank in Singapore.

Conventus Law