Freshfields Bruckhaus Deringer (“Freshfields”) has advised Midea, the Chinese-listed home appliances company, on the refinancing and restructuring of its €4.6bn acquisition of Kuka AG, the Frankfurt-listed robotics company. The refinancing was arranged with a syndicate of 15 Chinese banks led by Bank of China.
The firm also advised on a restructuring of the way in which Midea holds its shares in Kuka, which included a German regulatory approval process with German financial regulator BaFin.
The Freshfields team was led by partner Richard Perks in Hong Kong, supported by partners Dan French (Hong Kong), Arend von Riegen and Michael Josenhans (Frankfurt) and Thijs Flokstra (Amsterdam).
Freshfields previously advised on the acquisition of Kuka by Midea earlier this year.