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.

Duane Morris & Selvam advises on EICR (Cyprus) Limited’s USD 500 Million Guaranteed Multicurrency Medium Term Note Programme and USD 300 Million Drawdowns

SINGAPORE, October 27, 2026 — Duane Morris & Selvam LLP acted as English law counsel to Phillip Securities Pte. Ltd. as arranger and dealer on establishment of EICR (Cyprus) Limited’s USD 500 million Guaranteed Multicurrency Medium Term Note Programme (“Programme”), which is listed on the Singapore Exchange Securities Trading Limited (“SGX-ST”). The firm also advised Phillip Securities on the first two issuances under the Programme, which together raised USD 300 million.

EICR (Cyprus) Limited is a non-operating holding company whose sole material asset is all of the issued shares of iEnergizer Limited. iEnergizer Limited and its subsidiaries, primarily in India, provide technology-enabled business process management (BPM) and digital content solutions (DCS) services to large enterprise clients across regulated and specialist industries.

Duane Morris & Selvam’s team was led by Jamie Benson, the head of the U.S. capital markets, U.S. venture capital and India practices. The deal team included Drew Salvest, partner in the London office; Natalie Stewart, partner in the London office; and Faiz Jugari, associate in the Singapore office.

The firm also acted as listing agent for the SGX-ST listing, with a team comprising Suilyn Yip, director; Li Tong Yip, senior associate; and Jacqueline Ho, associate, all based in the Singapore office.

“We are delighted to have played a key role in the establishment of the USD 500 million Guaranteed Multicurrency Medium Term Note Programme and the first two issuances under the Programme, which together raised USD 300 million” said Benson.

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 an office in Shanghai. 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.

美国投资与商业移民解决方案 – 将移民策略与投资、公司经营及家庭目标相结合

德茂欣律师事务所(Duane Morris & Selvam)深知外国投资者和企业家需要的不仅仅是一套签证方案。不同的美国移民选择可能会影响客户的投资结构、税务风险、传承规划、雇佣安排、证券合规以及整个家庭的长期资金流动性。 本所兼具专业的商业移民服务者及国际律师事务所的双重资源优势,致力于为个人、家庭、家族办公室、企业家、公司及项目利益相关方提供关于美国临时和永久居留途径的全方位法律咨询,并协调与投资相关的各项法律事宜。

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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.

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Duane Morris & Selvam Advises on Seven India IPOs in September 2026

SINGAPORE, 14 October 2026 – Duane Morris & Selvam LLP is proud to have acted as legal counsel to the book running lead managers in connection with seven initial public offerings in India in September 2026. The firm advised on the IPOs of:

  • German Green Steel and Power Limited;
  • LCC Projects Limited;
  • Kanohar Electricals Limited;
  • Prasol Chemicals Limited;
  • Pranav Constructions Limited;
  • Lumino Industries Limited; and
  • ESDS Software Solution Limited.

By matching the record set last year, this year’s volume of transactions further reinforces Duane Morris & Selvam’s deep expertise and leading position in advising on equity capital markets transactions in India. The breadth of the practice is further reflected in our role advising a coal mining company and its selling shareholder on the filing of a Draft Red Herring Prospectus for the issuer’s proposed IPO of approximately Rs. 100 billion (US$1.05 billion).

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郭令明创新基金成立 助力人工智能项目与科技人才培养

新加坡大型发展商城市发展(City Developments)执行主席郭令明日前宣布捐赠100万新元,设立“郭令明创新基金”(Kwek Leng Beng Innovation Gift)。该基金旨在支持圣若瑟书院(St. Joseph’s Institution)学子发展人工智能及先进科技项目,并设立专项奖学金,着力培养面向未来的科技人才。

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Duane Morris & Selvam Advises on ESDS Software Solution Limited’s IPO

SINGAPORE, 8 September 2026 — Duane Morris & Selvam LLP acted as the international legal counsel to DAM Capital Advisors Limited and Systematix Corporate Services Limited in their capacity as the book running lead managers on the recent sale of ₹7,200 million (approximately US$76 million) of equity shares in ESDS Software Solution Limited in an IPO in India and concurrent private placements outside India. The shares were listed on BSE and NSE on September 4, 2026.

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Duane Morris & Selvam advises on Globus Spirits Limited’s QIP

SINGAPORE, 12 August 2026 — Duane Morris & Selvam LLP acted as the international legal counsel to Nuvama Wealth Management Limited in its capacity as the book running lead manager on the recent sale of INR 2,000 million (US$ 21 million) of shares in Globus Spirits Limited in a qualified institutions placement in India and concurrent private placements outside India, including in the United States.

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The opinions expressed on this blog are those of the author and are not to be construed as legal advice.

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