White & Case advised the Industrial and Commercial Bank of China on its €846 million dual tranche acquisition bridge financing for a consortium led by Jin Jiang International Holdings Co.
The acquisition facilities finance the consortium’s acquisition of Radisson Group, one of the world’s largest hotel groups with seven distinctive hotel brands and more than 1,400 hotels in destinations around the world, from HNA Hotel Group. The acquisition was structured in two stages – the direct acquisition of Radisson Holdings’ shares from HNA Hotel Group, followed by a mandatory tender offer to the public shareholders of Radisson Hospitality AB (publ).
The White & Case team which advised on the transaction was co-led by partner David Li (Picture) and senior legal consultant Frank Shu (Shanghai), and included partners Magnus Wennerhorn (Stockholm) and John Shum (Singapore) with support from counsel Peter Svanqvist (Stockholm) and associate Krystle Yau (Singapore).
Law Firms: White & Case;
Clients: Industrial and Commercial Bank of China;