Jin Jiang International Holdings Co., Ltd.’s Acquisition of HNA Aviation & Tourism Group’s Stake in Radisson Hospitality AB


J.P. Morgan Securities (Asia Pacific) Limited acted as exclusive financial advisor to a wholly-owned subsidiary of HNA Group Co., Ltd. on the transaction. Sidley advised HNA Aviation & Tourism Group on the deal

HNA Aviation & Tourism Group executed its sale of 50.21 percent of shares in Radisson Hospitality AB (publ), a public company listed on Nasdaq Stockholm (Radisson AB), and all shares in Radisson Hospitality Inc. to the consortium led by Jin Jiang International Holdings Co., Ltd.

The price per share in the Transaction is SEK 35.

HNA Aviation & Tourism Group is an industry-leading global provider of travel and lifestyle services with core businesses including transportation, hospitality, travel and catering. Jin Jiang International Holdings Co., Ltd. is a leading Chinese hospitality and travel group that develops and manages hotels in China and the rest of the world. The sale was completed on November 13, 2018.

Radisson AB is a member of the Radisson Hotel Group. Radisson AB features a portfolio of 486 hotels with more than 107,136 rooms in operation or under development in 78 countries across Europe and the Middle East and Africa. Radisson Hotel Group is one of the world’s largest hotel groups with more than 1,400 hotels in operation and under development, more than 220,000 rooms and a footprint spanning 115 countries and territories. The separation of Radisson is possibly the most significant change to this year’s global landscape of the hospitality industry.

Sidley’s cross-border team is composed of members from multiple offices, including partners Mengyu Lu (Picture), Tao Lan (Beijing), Peter Benudiz (Century City), Scott Parel (Dallas), James Mendenhall (Washington, D.C.), Oliver Currall (London), William Blumenthal (Washington, D.C.), Neil Horner (New York) and Raymond Oh (Singapore); counsels Tara M. Lancaster (Dallas), Olivia Ngan (Hong Kong) and Jeremy Chase (Singapore); as well as associates Joyce Hu (Beijing), Carol Chow (Hong Kong), Courtney Gilberg (Dallas), Julie Westbrook (Dallas), Jason Menzies (London), Miriam Carroll (Washington, D.C.), Amanda Norton (Washington, D.C.), Christopher Blain (Chicago), China adviser Rock Liu (Beijing) and legal assistants Eason Qu (Beijing) and Andie Lam (Hong Kong).

Involved fees earner: Peter Benudiz – Sidley Austin LLP; Christopher Blain – Sidley Austin LLP; William Blumenthal – Sidley Austin LLP; Miriam Carroll – Sidley Austin LLP; Jeremy Chase – Sidley Austin LLP; Carol Chow – Sidley Austin LLP; Oliver Currall – Sidley Austin LLP; Courtney Gilberg – Sidley Austin LLP; Neil Horner – Sidley Austin LLP; Joyce Hu – Sidley Austin LLP; Tao Lan – Sidley Austin LLP; Tara Lancaster – Sidley Austin LLP; Mengyu Lu – Sidley Austin LLP; James Mendenhall – Sidley Austin LLP; Jason Menzies – Sidley Austin LLP; Olivia Ngan – Sidley Austin LLP; Amanda Norton – Sidley Austin LLP; Raymond Oh – Sidley Austin LLP; Scott Parel – Sidley Austin LLP; Julie Westbrook – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: HNA Group Co., Ltd.;

Author: Michael Patrini