Clifford Chance

Clifford Chance advises BOC Macau and the lender group on the acquisition finance for the privatisation of Vinda

Global law firm Clifford Chance has advised Bank of China Macau (BOC Macau) as mandated lead arranger, bookrunner and underwriter and the lender group on the acquisition finance for the privatisation of Hong Kong-listed tissue maker Vinda International Holdings Limited by Isola Castle Ltd through a pre-conditional voluntary conditional cash offer. Isola Castle Ltd is a member of the Royal Golden Eagle Group. This is one of the largest and most significant acquisition deals in the Asia Pacific consumer sector in recent years.

Lead partner Edith Leung said, "We are delighted to advise BOC Macau and the lender group on the financing of this significant privatisation. This deal is particularly noteworthy for being one of the largest to utilise RMB in funding an offshore acquisition. Moreover, the transaction underscores our team's proficiency in leveraging their comprehensive understanding of the Hong Kong Takeovers Code and the Securities and Futures Ordinance to facilitate a seamless and effective transaction."

Edith was supported by counsel Michael Pallaras, senior associate Anthony Chan, associate Agnes Tse and trainee solicitor Alice Tsui, as well as partner Bryan Koo on the Hong Kong Takeovers Code aspects and partner Rocky Mui and counsel Andre Da Roza on the regulatory aspects.

Clifford Chance had separately advised global hygiene and health company Essity on the sale of its majority stake in Vinda.