Timothy Hia

Mr. Hia's experience includes advising:

• The Adani Group on the US$4.5 billion financing for the acquisition of Ambuja Cements Ltd and ACC Ltd., two of India’s leading cement companies
• The Adani Group on a US$1.35 billion debt package for a 1.69GW under-construction hybrid portfolio of solar and wind renewable projects in the state of Rajasthan, India
• Ontario Teachers' Pension Plan Board on the financing of its acquisition in Sahyadri Hospitals Group, an India-based private hospital chain
• Ola, India’s largest mobility platform and one of the world’s largest ride-hailing companies, in its inaugural US$500 million Term Loan B (TLB) debt financing
• Oravel Stays Pte Ltd, a leading Indian hotel management technology group on a US$600 million Term Loan B debt financing. This milestone transaction made Oravel Stays Pte Ltd. the first Indian startup to raise capital using a Term Loan B instrument, as well as the first Indian startup to receive public ratings from Moody's and Fitch
• Loka Holdings, an Indonesian based online travel company, on a US$300 million term-loan facility from a syndicate of leading private capital lenders
• SATS Ltd. on the €2.25 billion financing for its proposed acquisition of Worldwide Flight Services ("WFS"), the world's largest air cargo handling firm
• TPG, as a co-investor with Northstar, on the financing for the acquisition of 80% of Greenfields Dairy, a Singapore-based agriculture company
• The mandated lead arrangers, including Morgan Stanley, HSBC, Bank of America, Bank of China, and ICBC in connection with a €1.3 billion financing of the acquisition by Tencent Holdings’ of an additional significant stake in US music entertainment company Universal Music Group
• A consortium comprising TPG Capital, Sumitomo Life Insurance Company, and others on a senior facility and a bridge-to-bond financing to finance a transaction to combine SingLife with global insurance company Aviva plc’s Singapore life insurance business, Aviva Ltd.
• MCO Nominee One Limited, a subsidiary of Melco Resorts & Entertainments Limited, an operator of integrated resorts with entertainment and casino gaming facilities, on a HK$14.8 billion revolving credit facility
• TPG on a term-loan facility in connection with the acquisition of Columbia Asia Healthcare Pte. Ltd., a provider of healthcare services
• San Miguel Corporation on a US$2.1 billion term-loan facility in connection with the acquisition of Holcim Philippines Inc., a Philippines-based cement manufacturer
• PT Semen Indonesia (Persero) Tbk on a US$1.3 billion term-loan facility in connection with the acquisition of PT Holcim Indonesia Tbk, an Indonesian-based producer and distributor of cement, ready-mixed concrete, and aggregates
• The joint lead managers and underwriters in connection with the Astrea VII private equity bonds — the fourth listed retail bonds in Singapore backed by cash flows from a US$1.9 billion portfolio of investments in 38 private equity funds
• Bayfront Infrastructure Management on a US$401 million infrastructure asset-backed securities transaction with a sustainability tranche. This transaction was awarded “Structured Finance & Securitization of the Year” by IFLR Asia-Pacific Awards 2022, GlobalCapital Asia Awards 2021, The Asset Triple A Awards 2021, and FinanceAsia Achievement Awards 2021
• Clifford Capital as sponsor, manager, and subordinated note investor, in the first infrastructure project finance securitization in Asia. The US$458 million issuance included four classes of Notes issued by Bayfront Infrastructure Capital and three classes of investment grade rated notes (Class A, B, and C Notes) listed on the SGX-ST. This transaction was awarded the Asia-Pacific Bond Deal of the Year and Asian-mena Deal of the Year in 2018, and Structure Finance and Securitisation Deals of the Year in 2019 at the IFLR Asia-Pacific Awards.
• A syndicate of banks on a US$400 million term-loan facility, concurrent with a US$1 billion bond offering, for Adani Electricity Mumbai Limited, a provider of energy solutions
• The underwriters in connection with the issuance by Star Energy Geothermal of US$580 million 6.75% Senior Secured Notes due 2033. This transaction was awarded Best Green Bond (Indonesia) by The Asset Asian Awards of the Year 2018
• PT Gajah Tunggal Tbk, a leading Indonesian tire manufacturer, in a US$250 million term-loan facility concurrent with a US$250 million senior secured bond offering
• The lenders in connection with the debt restructuring of PT Bumi Resources Tbk, a coal mining company. This transaction was awarded Finance Deal of the Year: Insolvency and Restructuring at the Asia Legal Awards 2018 and Deal of the Year in the Asian-mena Counsel Deals of the Year 2017