Baker McKenzie Advises China CITIC Bank On HKD6.6bn Equity Loan To Finance The Privatization Of Belle International.
Legal News & Analysis - Asia Pacific - Hong Kong - Corporate/M&A
15 August, 2017
Baker McKenzie advised China CITIC Bank on its HKD 6.6 billion bridge and term loan facility to finance part of the equity contributions for the acquisition and privatization of Belle International, in what is considered one of Asia’s largest consumer buyouts.
The acquisition successfully closed on 25 July 2017, with Belle International being delisted from the Stock Exchange of Hong Kong on 27 July 2017. The financing was done in several separate tranches, with bridge and mezzanine facilities.
The Baker McKenzie team was led by Partner Rose Zhu in Hong Kong and Finance & Project Principal Kah Chin Chu from Baker McKenzie Wong & Leow in Singapore, and were assisted by Amanda Toh and Adelene Teo from Singapore and Wu Congsi and Samanatha Yang from Beijing.
"We are very honored to have assisted China CITIC Bank on this landmark transaction," noted Rose Zhu.
Rose Zhu added, "The condensed timeframe on which this complex cross-border transaction was conducted once again demonstrates the strength and commerciality of our Firm's acquisition finance practice."