Paul Hastings Advises CDH Investments on Acquisition of Proctor & Gamble’s China-Based Battery Joint-Venture Interest
Hong Kong (November 18, 2014) - Paul Hastings, a leading global law firm, announced today that it advised CDH Investments (“CDH”) on the acquisition of a 78.775% stake in Fujian Nanping Nanfu Battery Co., Ltd (“Nanfu”), Proctor & Gamble’s (“P&G”) China-based battery joint venture, as part of the whole disposal by P&G of its global battery business. Nanfu is the largest alkaline battery manufacturer and supplier in China.
CDH is one of the largest alternative asset management institutions focused on China with worldwide coverage as a diversified alternative asset management platform covering private equity, venture capital, real estate, mezzanine, public equity markets, fixed income and wealth management.
Paul Hastings has previously advised CDH on a number of its investments, including the US$40 million acquisition of a 20% interest in the Eastern Dragon project in 2014, the HK$850 million convertible bond offering issued by Hong Kong-listed Man Wah Holdings Limited in 2013, and the subscription of HK$250 million convertible bonds issued by Hong Kong-listed Tse Sui Luen Jewellery (International) Limited in 2012.
Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.