Levanta Renewables: Transaction with Citicore Renewable Energy Corporation (CREC)
In our continued journey to develop the Renewable Energy sector across Asia-Pacific, we are delighted to have assisted Levanta Renewables in its partnership transaction with Citicore Renewable Energy Corporation (CREC) on the development of a 375 MW onshore wind portfolio by providing Financial & Tax due diligence and Tax Structuring Advisory.
Our cross-border team involved in Forvis Mazars in Vietnam, Forvis Mazars in Singapore and Forvis Mazars in the Philippines
Levanta Renewables, a leading renewable energy platform in Southeast Asia, is backed by Actis, with headquarter in Singapore and operations across the Philippines, Vietnam, Thailand, Malaysia and Indonesia.
CREC is a leading pure-play renewable energy company committed to developing and operating solar, hydro and wind projects in the Philippines.
Under this transaction, Levanta and CREC will establish a joint venture company that will drive the development of the 4 onshore wind projects located in Luzon and Visayas, all of which secured offtake via the Department of Energy’s Green Energy Auction Program (GEAP) in July 2023.
Howden Group: Acquisition of Storfield Insurance Consultants Limited
Our Transaction Services team at Forvis Mazars in Hong Kong is excited to have assisted Howden Group by providing Financial and Tax Due Diligence, as well as SPA advisory, in its acquisition of Storfield Insurance Consultants Limited, a Hong Kong-based insurance broker specialising in general insurance for small-to-medium-sized enterprises (SMEs) and high-net-worth (HNW) clients.
This acquisition strengthens Howden's position in Hong Kong and expands its footprint across APAC, highlighting its commitment to investing in specialty expertise for clients in the region.
Alvest Equipment Services (AES): Acquisition of a shareholding interest in CTAS Aviation Services Limited
Our Transaction Services team at Forvis Mazars in Hong Kong is delighted to have assisted Alvest Equipment Services (AES) in its acquisition of a shareholding interest in CTAS Aviation Services Limited by providing Financial and Tax due diligence.
AES, an Alvest Group Company, offers a full range of services for the Ground Support Equipment (GSE) and the Airport environment, from Rental & Leasing Services to Fleet Management & Pooling system, including Maintenance and Refurbishment Services, and managing Second Hand GSE.
CTAS Aviation Services Limited specialises in providing maintenance services for Ground Support Equipment at Hong Kong International Airport.
Thanks to this acquisition, AES will strengthen its international presence and its capabilities in Asia.