Weil is representing Deutsche Bank as Lead Financial Advisor to a fund advised by DCP Capital (“DCP”) in connection with DCP’s $1.7 billion proposed acquisition and potential take-private of HKEx-listed Sun Art Retail Group Ltd (“Sun Art”). The transaction was announced on January 1, 2025.
The proposed take-private acquisition is structured by way of an initial $1.3 billion acquisition of approx. 78.70% of Sun Art from affiliates of Alibaba Holding and, upon the closing of that acquisition, the resulting $400 million mandatory general offer for all remaining shares in Sun Art. Weil worked closely with Deutsche Bank and other parties in structuring certain critical aspects of the transaction.
Listed on the Hong Kong Stock Exchange, Sun Art Retail Group Ltd (HKEx: 6808) is a leading hypermarket operator in China.
The Weil team is led by Hong Kong Corporate and Private Equity partner Henry Ong and includes counsel Jacky Sin and associate Sam Flood in Hong Kong, with the support of Sophie Smith (Private Funds, London), Alex Eagle and Rebecca Lee (Debt Finance, London), and Isolde Tsukabayashi (Debt Finance, Hong Kong).
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
