Freshfields Bruckhaus Deringer (‘Freshfields’) has advised Shanghai Pharmaceuticals Holding Co. Ltd. (‘Shanghai Pharma’) on its placement of approximately 153m new H-shares on the Hong Kong Stock Exchange. The transaction closed today (26 January 2018) and raised US$402m.

The placing shares represent around 5.7 per cent of the total existing issued share capital. Shanghai Pharma plans to use the proceeds of the placement to fund the development of its pharmaceutical manufacturing and distribution businesses and replenish its working capital.

Linklaters' Warsaw Real Estate Team has advised UBM Development AG, the leading Austrian developer, on another successful transaction in Poland, this time concerning the EU38m forward sale of a new Holiday Inn hotel to an institutional investment fund managed by the German Union Investment Real Estate GmbH. The new hotel will have 240 rooms and is currently being developed directly on the water's edge at the tip of the historic Granary Island (Wyspa Spichrzow) in the old town of Gdansk.

Hong Kong: Leading international law firm Clifford Chance advised consumer sector focused private equity firm Cassia Investments Limited on its subscription of shares into Shanghai Tang Group Ltd., a special purpose vehicle ultimately controlled by Italian fashion entrepreneur Alessandro Bastagli; and the subsequent acquisition by Shanghai Tang Group Ltd. of Hong Kong luxury fashion house Shanghai Tang group from Richemont International Holdings S.A.. The Shanghai Tang group has key operations in Hong Kong, Singapore and mainland China.

Leading international law firm Clifford Chance has advised London-listed asset manager Intermediate Capital Group (ICG) on the acquisition of Singapore private education institute PSB Academy (PSB) from funds managed by Baring Private Equity Asia through a competitive auction.

Clifford Chance has advised London-listed asset manager Intermediate Capital Group (ICG) on the acquisition of Singapore private education institute PSB Academy (PSB) from funds managed by Baring Private Equity Asia through a competitive auction.

Hong Kong:Clifford Chance advised consumer sector focused private equity firm Cassia Investments Limited on its subscription of shares into Shanghai Tang Group Ltd., a special purpose vehicle ultimately controlled by Italian fashion entrepreneur Alessandro Bastagli; and the subsequent acquisition by Shanghai Tang Group Ltd. of Hong Kong luxury fashion house Shanghai Tang group from Richemont International Holdings S.A.. The Shanghai Tang group has key operations in Hong Kong, Singapore and mainland China.

Linklaters' Warsaw Real Estate Team has advised UBM Development AG, the leading Austrian developer, on another successful transaction in Poland, this time concerning the EU38m forward sale of a new Holiday Inn hotel to an institutional investment fund managed by the German Union Investment Real Estate GmbH. The new hotel will have 240 rooms and is currently being developed directly on the water's edge at the tip of the historic Granary Island (Wyspa Spichrzow) in the old town of Gdansk.

Freshfields Bruckhaus Deringer (‘Freshfields’) has advised Shanghai Pharmaceuticals Holding Co. Ltd. (‘Shanghai Pharma’) on its placement of approximately 153m new H-shares on the Hong Kong Stock Exchange. The transaction closed today (26 January 2018) and raised US$402m.

The placing shares represent around 5.7 per cent of the total existing issued share capital. Shanghai Pharma plans to use the proceeds of the placement to fund the development of its pharmaceutical manufacturing and distribution businesses and replenish its working capital.

Freshfields Bruckhaus Deringer (‘Freshfields’) has advised CNC Investment Limited, an entity controlled by funds managed by Affinity Equity Partners, on its leveraged auction acquisition of 100 per cent of Trimco International Holdings Limited (‘Trimco’), a Hong Kong-headquartered apparel-labelling producer from Partners Group, for US$520m.

DLA Piper has advised the Luxembourg-based investment company Active Ownership Capital on the acquisition of PINTSCH BUBENZER, a leading provider of industrial brakes and subsidiary of Schaltbau Holding AG.

The acquisition was made jointly with Swedish Dellner Group-owned Dellner Brakes AB, which also provides industrial brakes. The agreement is part of a structured selling process and is expected to be completed by the end of February.