Starting news article english 26 January 2012

Clifford Chance advises CVC on its sale of Minit Asia Pacific Co. Ltd

Leading international law firm Clifford Chance has advised a seller formed by funds advised by CVC Asia Pacific (CVC) on its sale of Minit Asia Pacfic Co. Ltd (Minit Asia) to a purchaser formed by the private equity fund, Unison Capital I, L.P.

Minit Asia operates 630 shoe repair and key copying shops in Japan, Singapore, Malaysia, Canada, Australia and New Zealand.

Clifford Chance acted for CVC when they acquired Minit Asia in 2006.

"We are delighted to have acted for CVC on this exit, especially given that we advised CVC when they acquired Minit Asia in 2006," said partner Andrew Whan who led the team advising CVC. "Despite the current uncertainties in the capital markets, the transaction is further evidence that the exit environment for Asian private equity sponsors remains healthy."

Andrew was assisted by fellow partner, Tatsuhiko Kamiyama and associate, Natsuko Sugihara on the deal.