23 January 2018
- Andrew Whan, Richard Blewett, Dauwood Malik, Brian Harley, Jonathan Yan, Clara Shirota, James Tong, Yong Bai
- Hong Kong, Beijing, Istanbul
Clifford Chance advises Partners Group on exit from Trimco International Holdings Limited
Hong Kong: Leading international law firm Clifford Chance advised global private markets investment manager Partners Group on its exit from global apparel labeling and branding solutions provider Trimco International Holdings Limited (Trimco) to funds advised by Affinity Equity Partners for US$520 million. Clifford Chance also advised Partners Group on its initial acquisition of Trimco, and follow-on investments.
Florian Marquis, Senior Vice President, Private Equity Asia, Partners Group indicated that the initial investment into Trimco in 2012 was "designed to support Trimco's international expansion." Trimco has since expanded its manufacturing footprint in key apparel hubs across Eastern Europe, Turkey, China, and South and Southeast Asia."
The firm's cross-border, cross-practice team was led by corporate partner Andrew Whan (Hong Kong), who was supported by senior associate Maureen Ho, registered foreign lawyer Brian Harley, associates Jonathan Yan and Peter Liang and trainee lawyer Angie Yeung (Hong Kong), and from Clifford Chance's finance practice, partner Dauwood Malik, consultant Clara Shirota and associates James Tong and Theodore Au (Hong Kong), along with the firm's antitrust practice, partner Richard Blewett, counsel Bai Yong (Beijing) and associate Cansu Aras (Istanbul)."
Andrew offers, "We're delighted to have assisted Partners Group's exit from Trimco, particularly having advised their team on their initial acquisition and on subsequent bolt-on investments."