Hogan Lovells advises China Customer Relations Centers on a U.S. public M&A and going-private transaction
Press releases
| 12
July
2021
Hong Kong, 12 July 2021 – Global law firm Hogan Lovells acted as the U.S. counsel to the special committee of the board of directors of China Customer Relations Centers, Inc. (Nasdaq: CCRC), a leading e-commerce and financial services business process outsourcing service provider in China, in its approximately US$119 million management buyout and take-private transaction. As a privately held entity, the management of the company will now have greater flexibility to focus on improving long-term profitability and to pursue its business strategies.
Head of private equity in Greater China Stephanie Tang led the team with assistance by Yang Li and Michelle Ye in Hong Kong. Since 2012, Stephanie has led over 25 U.S public M&A transactions involving Chinese companies. For the past 15 months alone, Stephanie led 5 of such transactions which involve our Greater China and U.S. offices in the Corporate & Finance and Litigation practices. This demonstrates our strong transactional and litigation capabilities to guide our clients through U.S. public M&A transactions and provide comprehensive and innovative solutions to their transaction needs.
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