Baoxin Auto Group’s Senior Perpetual Securities Offering


Kirkland & Ellis is acting for Hong Kong-listed Baoxin Auto Group Ltd (HKSE: 1293), a leading luxury 4S dealership in China, in its debut issuance of US$300 million of senior perpetual securities, which will be guaranteed by China Grand Automotive Services Co., Ltd. (SSE: 600297) and China Grand Automotive Services (Hong Kong) Ltd.

The Sole Global Coordinator is China International Capital Corporation Hong Kong Securities Limited (CICC). The Joint Bookrunners and the Joint Lead Managers are CICC and China Securities (International) Corporate Finance Company Limited.

The Kirkland team is led by Hong Kong-based corporate partners Benjamin Su (Picture), Joey Chau and Jacqueline Tang, with assistance from corporate partners Nicholas Norris and David Yun and debt finance partners David Irvine and Daniel Lindsey.

Involved fees earner: Benjamin Su – Kirkland & Ellis; Joey Chau – Kirkland & Ellis; Jacqueline Wenchen Tang – Kirkland & Ellis; Nicholas Norris – Kirkland & Ellis; David Yun – Kirkland & Ellis; David Irvine – Kirkland & Ellis; Daniel Lindsey – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Baoxin Auto Group Limited;

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Author: Michael Patrini