Clifford Chance advises MBK Partners on the privatisation of Hong Kong listed Car Inc.
Clifford Chance advises MBK Partners on the privatisation of Hong Kong listed Car Inc.
Leading international law firm Clifford Chance has advised private equity firm MBK Partners on the US$1.1 billion privatisation of Car Inc. (China Auto Rental), a leading car rental company in China, by way of a voluntary general offer and subsequent compulsory acquisition.
The firm also advised MBK Partners on the debt financing aspects in relation to the take-private of Car Inc. which included loan facilities, bond financings, convertible bond issuance, and consent solicitation processes to facilitate the privatisation.