Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 11-07-2016 | Practice Area: | Corporate and M&A |
| Deal Title: | Nirvana Asia Ltd Scheme of Arrangement Privatisation | Industry: | General Retailers |
| Description: |
Clifford Chance advised CVC on its USD1.1 billion privatisation of Hong Kong listed Nirvana Asia Ltd (Nirvana) by way of a scheme of arrangement. The cash offer of HKD3.00 share, represented a 37.6% premium to the 30 day average closing price of Nirvana shares prior to the offer. Following the proposed transaction, Tan Sri Kong, the Founder of Nirvana, and CVC became the two largest shareholders in Nirvana.
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| Financial Center: | Hong Kong | Value: | 1000.01-5000.00 |
| Advised Party: | Vendor | Law Firm | Clifford Chance |
| Target Company Jurisdiction: | Hong Kong | Acquiror Jurisdiction: | China |
| Classification: |
Strategic Buyer Acquisitions Private Company |
Lawyer | Neeraj Budhwani |
