news

Freshfields Bruckhaus Deringer and Maples and Calder have advised special purpose acquisition company (SPAC) Aquila Acquisition Corporation on its HK$10 billion ($ 1.27 billion) de-SPAC merger with ZG Group, marking Hong Kong’s first-ever de-SPAC transaction. Kirkland & Ellis, Shihui Partners and Maples and Calder have acted for ZG Group.

Allen & Overy and JunHe have represented sponsors and sponsors' coordinators, while Paul Hastings have advised promotors.

Last year, Freshfields advised Aquila on its IPO in Hong Kong. On completion of the de-SPAC transaction, ZG Group will be the successor company listed on the Hong Kong Stock Exchange.

Shanghai-headquartered ZG Group operates the world’s largest digital platform for third-party steel transactions by volume in 2022 and was the first in China to offer a one-stop integrated suite of B2B services covering the entire value chain of steel transactions.

The Freshfields team was led by partners Grace Huang and Arun Balasubramanian with support from partner Sarah Su.

TO CONTACT EDITORIAL TEAM, PLEASE EMAIL ALBEDITOR@THOMSONREUTERS.COM

Related Articles

Latham, Wachtell, Debevoise act on $3.4 bln Nippon AIG deal

by Nimitt Dixit |

U.S. law firm Latham & Watkins has advised Japan’s largest insurance provider, Nippon Life Insurance, on its agreement to acquire 20 percent stake in Corebridge Financial, a retirement solutions and investment products company, from American Insurance Group (AIG) for $3.84 billion.

Latham acts on Shell SG refinery, petrochemical asset sale

by Nimitt Dixit |

U.S. law firm Latham & Watkins has advised PT Chandra Asri Pacific, Indonesia's largest chemical and infrastructure solutions company, as part of a consortium buying Shell Energy and Chemicals Park Singapore (SECP) from Shell Singapore.

CAM, Trilegal, Anagram act on Warburg’s largest India investment to date

by Nimitt Dixit |

Cyril Amarchand Mangaldas has advised PE firm Warburg Pincus on its acquisition of housing finance company Shriram Housing Finance (SHF) for 46.3 billion rupees ($556 mln) from Shriram Finance and Valiant Partners.