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Freshfields advises Fung family and offeror consortium on proposed privatisation of supply chain giant Li & Fung
Freshfields Bruckhaus Deringer (‘Freshfields’) has advised the Fung family and Golden Lincoln Holdings I Limited (the consortium offeror held by the Fung family and GLP Pte. Ltd.) in the proposed privatisation of Hong Kong-listed supply chain giant Li & Fung Limited (‘Li & Fung’) by way of a scheme of arrangement. The proposed privatisation was approved by Li & Fung’s shareholders on 12 May 2020.
Following the privatisation, Li & Fung will be wholly-owned by the consortium offeror, which will be controlled by the Fung family. The total offer price is approximately HK$7.2bn (c. US$930m). The proposed privatisation remains subject to certain conditions, including sanction of the scheme of arrangement by the Bermuda Court.
The Freshfields team advising on the deal was led by partner and China Chairman Teresa Ko.
ENDS
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