Clifford Chance

Clifford Chance advises Cassia Investments on deal to acquire luxury fashion group Shanghai Tang

Hong Kong: Leading international law firm Clifford Chance advised consumer sector focused private equity firm Cassia Investments Limited on its subscription of shares into Shanghai Tang Group Ltd., a special purpose vehicle ultimately controlled by Italian fashion entrepreneur Alessandro Bastagli; and the subsequent acquisition by Shanghai Tang Group Ltd. of Hong Kong luxury fashion house Shanghai Tang group from Richemont International Holdings S.A.. The Shanghai Tang group has key operations in Hong Kong, Singapore and mainland China.

Partner Neeraj Budhwani led on the deal and was supported by a core team of lawyers comprising of senior associate Maureen Ho, and associates Brian Cheng, Kasia Lebiecki and Jo-Celine Tan. This team was supported by other colleagues in Hong Kong, Beijing and Singapore on due diligence and cross-border aspects.

Neeraj said, "This transaction is a great example of the firm's M&A experience in advising private equity firms on the full range of strategically important sectors including this high-profile deal in consumer goods and retail."