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Clifford Chance advises Carlyle on HK$365 million cornerstone investment in Tenwow International Holdings

29 September 2013

Clifford Chance advises Carlyle on HK$365 million cornerstone investment in Tenwow International Holdings

Beijing: Leading international law firm Clifford Chance has advised Carlyle Asia Growth Partners IV, L.P. on its HK$365,960,700 cornerstone investment in Tenwow International Holdings Limited. Tenwow, a leading packaged food and beverage producer and one of the largest distributors of packaged food and beverages in China, recently launched its IPO on the Hong Kong Stock Exchange on 17 September.

Terence Foo, the Corporate partner who led on the transaction said, "We're delighted to advise Carlyle on this important cornerstone investment. The volatile IPO markets have seen a trend in issuers seeking cornerstone investments from financial sponsors to make up a significant portion of the IPO fundraising."

Terence was supported by IPO partner Jean Yu and assisted by associates Janet Jiang and Tianning Xiang.