Hong Kong finance team wins banking deal of the year

HONG KONG, 23 February 2016 – Hogan Lovells was awarded Finance Deal of the Year: Banking at The Asian Lawyer's Asia Legal Awards 2016, held at the Four Seasons Hotel in Hong Kong, for the financing of China National Tire & Rubber's acquisition of Italian tire maker Pirelli.

This is one of the first take-private transactions for an Italian-listed company incorporating leveraged and high yield financing. The Hong Kong finance team advised the mandated lead arrangers, including BNP Paribas, Natixis, Bank of Nova Scotia and Bank of Tokyo Mitsubishi UFJ, as well as the bookrunners on the €630 million term loan facility to CNRC Capital Limited, guaranteed by its parent company China National Tire & Rubber, a subsidiary of China National Chemical Corporation.

This recognition highlights the expertise of our finance team in Hong Kong, particularly given the complexity and scale of the deal.

The team was led by partner Allan Wardrop and supported by senior associate Louise Leung and associate Shantay Cong.

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