Clifford Chance has advised funds managed by Ares Management Corporation (Ares), Abound Capital, InnoVen Capital and January Capital Growth Credit (January Capital) on a S$100 million debt financing to Silicon Box, a Singapore-based advanced semiconductor packaging and chiplet integration company. Silicon Box will use the proceeds to fund capacity expansion in its next phase of growth following its recently completed US$150 million Series B2 equity round.
The transaction reflects strong continued investor interest in the semiconductor and AI value chain, particularly in advanced packaging technologies, which are increasingly critical to next-generation computing and AI infrastructure. The deal also highlights the growing role of private credit solutions in supporting high-growth technology companies in Asia.
Lead partner Chin Seng Chew, said, “This transaction reflects the broader regional trend of flexible private credit solutions being used to support pioneering companies employing cutting-edge technology in the semiconductor and AI ecosystem. We are very pleased to have supported Ares, Abound Capital, InnoVen Capital and January Capital on this financing, drawing on our experience advising on complex, multi-investor credit structures across Asia’s advanced technology sector.”
Partner Chin Seng Chew and associate Ivan Ting advised Ares on all aspects of the financing, supported by a broader team including partners Shaun Langhorne, Jamie McLaren and Kabir Singh, counsel Jervis Chan, senior associate Jasmine Wales and associates Denzyl Ang and Hong Yang See. Partner Jonathan Lai and senior associate Srruthi Ilankathir from Cavenagh Law, Clifford Chance’s formal law alliance in Singapore also provided support.
