Like any hostile takeover, Wanhua Industrial Group Co., Ltd.’s recent $41 million bid for a significant minority stake in BorsodChem Nyrt., Hungary’s largest chemical company, supplied great theater. The big finale: China’s Wanhua, represented by Allen & Overy, managed to beat back resistance by Permira Capital Ltd and Vienna Capital Partners—the debt-laden BorsodChem’s current private equity fund owners—in a steady advance to win control of the company.
The deal generated plenty of work for the region’s law firms, including Freshfields Bruckhaus Deringer and Clifford Chance, who advised Permira; and Norton Rose, Shearman & Sterling, and White & Case, who represented various debt holders and managers.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
