Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 30-03-2012 | Practice Area: | Corporate and M&A |
| Deal Title: | Investment in China Cinda Asset Management | Industry: | Financial Services |
| Description: |
Leading international law firm Clifford Chance has advised Standard Chartered Bank on its investment in China Cinda Asset Management Co. Ltd. (Cinda), along with three other strategic investors, National Council for Social Security Fund, UBS AG and CITIC Capital. The four strategic investors invested a total of RMB10.37 billion (approximately US$1.64 billion) and will hold an aggregate of 16.54% of the enlarged share capital of Cinda. All regulatory approvals for the transaction have been obtained.
Terence Foo was assisted by counsel Wei He and Hao Jin, associate Xingxing Li, and trainee Dandan Liu. Partners Jeff Berman (New York) and Simon Crown (London) provided US and UK regulatory advice. Partner Russell Wells (London) and associate Ashan Fernando (London) also provided support.
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| Financial Center: | Beijing | Value: | 1000.01-5000.00 |
| Advised Party: | Private Equity Investor | Law Firm | Clifford Chance |
| Target Company Jurisdiction | China | Acquiror Jurisdiction | China |
| Classification: |
Financial Buyer Acquisitions Minority Investment |
Lawyer | Terence Foo |
