Acquisition finance without borders: lessons from a multi-jurisdiction deal

Shubhangi Garg is a Partner at Shardul Amarchand Mangaldas & Co, one of India's pre-eminent full-service law firms. With 18 years of post-qualification experience, she is widely recognised leading international legal directories and has been consistently ranked among the top lawyers in her field across multiple platforms. Shubhangi's practice spans the full spectrum of debt capital markets and structured finance, including Reg S/144A high-yield bond offerings, Global Medium Term Note (GMTN) and MTN programmes, syndicated lending, foreign currency financings, convertible bond issuances, sponsor-backed and acquisition finance, REIT and InvIT debt issuances, and structured credit investments by foreign portfolio investors through listed and unlisted rupee denominated bonds. She advises an elite roster of Fortune 500 corporations, sovereign wealth funds, global investment banks, international financial institutions and leading Indian corporates on their most significant debt financing transactions. In addition to her capital markets practice, Shubhangi is a leading adviser in the FinTech and digital payments space. She routinely counsels multinational corporations, global payment platforms and digital lending businesses on the regulatory framework governing digital payment products, prepaid instruments, cross-border remittances and lending products in India. Shubhangi has worked with Nagashima Ohno & Tsunematsu, Tokyo in 2016 on a short stint. Her legal recognitions include: RISE India (RSGI) 2026 — Ranked as a RISE-rated lawyer for Debt Capital Markets, placing her among the top three DCM lawyers in the country. • Chambers & Partners 2026 — Ranked "Up and Coming" for Capital Markets: Debt (Asia Pacific & Global Guide), • Legal 500 2026 — Recognised as a "Leading Partner" for Banking & Finance. • IFLR1000 2025 — Ranked "Highly Regarded" for Banking & Finance and Capital Markets: Debt, having previously been recognised as a "Rising Star Partner" (2023) and "Notable Practitioner" (2021, 2022, 2024). • Asialaw Rankings 2025 — Recognised as a "Notable Practitioner" for Banking & Finance.

Chee Wai is Co-Head of the Financial Services Department and separately, Co Head of Allen & Gledhill’s regional Energy, Infrastructure & Projects Practice, and Head of the Firm’s Banking & Finance Practice. Chee Wai has broad and deep experience in domestic and international financing. His general banking and finance practice includes acting for lenders and major corporates on domestic and cross-border syndicated loans, structured and acquisition financing, capital call financing and debt restructuring.