Kirkland & Ellis represented the joint sponsors and underwriters on the global offering and listing of TUHU Car Inc. (HKSE: 9690), a leading online and offline integrated platform for automotive service in China, on the Hong Kong Exchanges and Clearing Limited on September 26, 2023. The joint sponsors are Goldman Sachs (Asia) L.L.C., China International Capital Corporation Hong Kong Securities Limited, UBS Securities Hong Kong Limited and Merrill Lynch (Asia Pacific) Limited.
TUHU Car has created China’s most well-known independent automotive service brand through its innovative and integrated online and offline business model, fully digitalized customer service experience and industry solutions, leading operational scale and the development and application of its proprietary automotive service technical support system. TUHU Car is one of the largest independent automotive service platforms in China in terms of the revenue in 2022 and the number of automotive service stores as of December 31, 2022.
The Kirkland team was led by transactional partner David Zhang and capital markets partners Steve Lin and Mengyu Lu, with support from capital markets partner Kelvin Chu
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