Corporate Transactions – Duane Morris and Selvam

November 4, 2026November 4, 2026 by Duane Morris and Selvam

Duane Morris & Selvam Advises Cranium Ventures on Acquisition by ACI Worldwide

SINGAPORE, November 4, 2026 — Duane Morris & Selvam advised Cranium Ventures Ltd in connection with its sale of assets to ACI Worldwide, a global payments technology company. The transaction brings Cranium’s next-generation payment switching technology into ACI Worldwide’s cloud-native payments platform.

Ramiro Rodriguez, Head of Mergers and Acquisitions at Duane Morris & Selvam, said: “We congratulate ACI and Cranium for the completion of their successful transaction. We are delighted to be able to once again put our expertise in digital payments, IT and mergers and acquisitions to good use for our clients.”

Suilyn Yip, Director at Duane Morris & Selvam, said: “The acquisition reflects the strategic importance of modern, adaptable infrastructure as financial institutions transform their card-processing capabilities. Cranium has built a differentiated platform that addresses a critical need in the payments ecosystem. Its combination with ACI Worldwide brings together complementary technology and market reach, creating a strong foundation for continued innovation and growth.”

Founded in the United Kingdom in 2018, Cranium Ventures developed SYNAP, a microservices-based payment orchestration and card-switching platform designed to operate across cloud, on-premises and hybrid environments. The company has key operations in Singapore and Malaysia.

ACI Worldwide will integrate SYNAP into ACI Connetic for Cards, strengthening its capabilities in cloud-native card switching and supporting the continued modernisation of payments infrastructure. The transaction includes Cranium’s technology, intellectual property and commercial relationships. Cranium co-founders Ashraf Dimitri and Tony Horrell will join ACI Worldwide, which will continue to support existing SYNAP customers.

The Duane Morris & Selvam team was led by Ramiro Rodriguez and Suilyn Yip, with Li Tong Yip from the firm’s Singapore office.

About Duane Morris & Selvam LLP
Duane Morris & Selvam LLP is the joint law venture between Duane Morris LLP and Selvam LLC, with its headquarters in Singapore. By way of its global platform and extensive range of legal services, the firm helps companies conduct business in and out of Asia, the United States, Latin America, the United Kingdom and beyond. In addition to the excellent skills of its lawyers, clients benefit from the cultural fluency and key relationships that the firm has developed over many years of practising law throughout the region. The firm has a presence in the key markets of Southeast Asia, including Singapore, Hanoi, Ho Chi Minh City and Yangon, as well as offices in Shanghai and Sydney. Supporting these regional offices, the firm operates a series of country desks for India, Indonesia, Korea and Japan. It is regularly ranked among the region’s leading law firms by Chambers & Partners, The Legal 500 and IFLR1000.

October 14, 2026November 5, 2026 by Duane Morris and Selvam

MAS amends the Singapore Code on Take-Overs and Mergers

By Suilyn Yip and Li Tong Yip

On 16 June 2026, the Monetary Authority of Singapore, on the advice of the Securities Industry Council (the “Council”), issued a revised Code on Take-overs and Mergers (the “Code”). The amendments to the Code aim to protect the competitive process of take-over and merger transactions, improve certainty and timeliness of schemes of arrangement, and enhance disclosures to investors and shareholders, and came into effect on 16 July 2026.

April 11, 2023April 11, 2023 by Duane Morris and Selvam

Duane Morris & Selvam Advises on Capri Global Capital Limited’s Sale of US$180 Million of Equity Shares in a Rights Issue

SINGAPORE, 11 April 2023 — Duane Morris & Selvam LLP acted as the international counsel to ICICI Securities Limited in its capacity as the lead manager on Capri Global Capital Limited’s recent sale of Rs. 14,400 million (US$180 million) of equity shares in a rights issue, including an offer to qualified institutional buyers in the United States. Capri Global Capital Limited is a nonbanking financial company (NBFC) in India that primarily caters to MSMEs, self-employed nonprofessionals and first-time borrowers that lack access to formal credit channels.

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July 6, 2022July 6, 2022 by Duane Morris and Selvam

Singapore Private Equity and Venture Capital Landscape Series – Limited Partnerships

Limited partnerships (LPs) are commonly used globally as fund vehicles for both private equity (PE) and venture capital (VC) funds. In Singapore, LPs were created as a business vehicle by the Limited Partnerships Act in 2008 (the Act), which came into effect on 4 May 2009 as part of Singapore’s efforts to become a fund management hub.

Those efforts have been supplemented by a myriad of other measures including (a) the creation of variable capital companies (VCCs) by the Variable Companies Act 2018, which came into force only on 14 January 2020; (b) the establishment of several classes of fund management licences including the venture capital fund management licence; and (c) a favourable tax environment that includes a one-tier system of taxation of income, no capital gain taxes and an extensive network of double taxation treaties, as well as several incentive schemes and grants. We will discuss these measures in more detail in other articles. Continue reading “Singapore Private Equity and Venture Capital Landscape Series – Limited Partnerships”

April 25, 2022July 6, 2022 by Duane Morris and Selvam

Singapore Private Equity and Venture Capital Landscape Series – A Brief Introduction

Singapore’s asset management industry has fast become a global hub for investors and managers and is central to the country’s financial services industry. In 2020, total assets under management (AUM) in Singapore grew 17 percent to reach S$4.7 trillion, up from S$4.0 trillion in 2019[1]. This robust growth was driven by strong inflows into both traditional and alternative investment strategies, including the private equity (PE) and venture capital (VC) asset classes. PE and VC AUM grew by 54 percent and 49 percent to S$375 billion and S$16 billion, respectively, in that year. In our view, the size of the industry in Singapore will continue to grow in the coming years.

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