A significant transaction involving Chinese FinTech firm, Ant Financial, was awarded Private Equity Deal of the Year at the China Law and Practice Awards. The awards celebrate the top lawyers, law firms, in-house teams and transactions in or involving China each year.

Appleby acted for The Carlyle Group on its subscription of Series C preference shares issued by Ant International Co. Limited, a Cayman Islands company and a wholly-owned subsidiary of Ant Small and Micro Financial Services Group Co. Ltd. (Ant Financial). This deal forms part of Ant Financial’s circa USD 14 billion equity financing programme. Appleby Hong Kong was recognised for its contribution in advising on the offshore aspects of the deal.

The transaction was led by Partner Nicholas Davies and Counsel Vincent Chan, both based in Appleby’s Hong Kong office.

Nicholas commented on this award saying: “I am delighted our Hong Kong team has been recognised for their outstanding work this year. This award once again highlights Appleby’s experience and increasing profile in the offshore corporate and private equity advisory space in Asia.”

He continued; “Appleby’s global private equity team has one of the most highly regarded practices in this field. We are proud that this deal showcases our global platform which provides trusted advice across the whole life cycle for each fund and investment on which we advise.”

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