SDM will use the majority of the proceeds to expand its network by opening and/or acquiring four to six dance centres, to repay bank loans and for general working capital.

The Appleby team was led by Judy Lee, a corporate partner in the Hong Kong office, assisted by Senior Associate Jo Lit and Associate Liesl Richter. Sidley Austin advised SDM as to Hong Kong law, and Robertsons was the legal advisor of the sponsors and underwriters as to Hong Kong law.

SDM is one of the largest dance institutions for children in Hong Kong, offering a wide range of dance courses for children under the brand of ‘‘SDM Jazz & Ballet Academie.’’

For further information please contact Queenie Ngan.

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