Freshfields advises HKSE-listed Razer Inc. on proposed privatisation by way of scheme of arrangement
Freshfields Bruckhaus Deringer (‘Freshfields’) is advising Razer Inc. (‘Razer’), a Hong Kong-listed gaming hardware manufacturer, on the proposed privatisation of Razer by Ouroboros (I) Inc. (the consortium offeror held by co-founders Min-Liang Tan and Lim Kaling alongside CVC Capital Partners) by way of a scheme of arrangement.
Upon the scheme of arrangement becoming effective, the consortium offeror will own 100 per cent of Razer. The total offer price is approximately US$1.38bn in cash, to be funded by existing fund facilities available to the consortium offeror and equity commitments from the CVC Funds. The proposed privatisation is subject to approval by shareholders and regulators.
Razer Inc. is engaged in the manufacture of laptops, PC peripherals and other products targeted at gamers. The company was listed on the Hong Kong Stock Exchange (‘HKSE’) in 2017 via an IPO on which Freshfields also advised.
The Freshfields team advising on the transaction is led by partners Grace Huang and Edward Freeman, supported by senior associate Cindy Kwong and associates Dickson Chan and Alexa Jiang. Partner Alastair Mordaunt and associate Charles Tay are providing antitrust advice.
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