Clifford Chance advised The Carlyle Group on the subscription of the Series C preference shares issued by Ant International Co., Limited, a wholly owned offshore subsidiary of Ant Small and Micro Financial Services Group Co., Ltd. (Ant Financial), which is part of Ant Financial’s equity financing totaling US$14 billion.
The Hangzhou-based company is said to be valued at about $150 billion in this round, the people said, requesting not to be named because the matter is private.
Clifford Chance advised The Carlyle Group on the deal with a team led by Partners Fang Liu (Hong Kong, in picture) and Terence Foo (China), and were supported by partner Zhang Hong, senior associate Maureen Ho and associate Ethan Ying.
Law Firms: Clifford Chance;
Clients: Carlyle Group;