Paul Hastings and AllBright Law Offices have advised China’s Fosun Tourism Group on its spin-off from Fosun International and its $ 428 million IPO on the Hong Kong Stock Exchange, with Kirkland & Ellis and JunHe representing the joint sponsors and underwriters.
According to Reuters, tourism is one of the key profit growth drivers for the parent company, Fosun International, which won control of Club Med in 2015 for 939 million euros ($1.1 billion). Fosun reorganized its businesses and incorporating Fosun Tourism Group in 2016, whichpaved the way for the latter’s listing.
The Paul Hastings team advising Fosun Tourism Group was led by corporate partners Jia Yan, Jason Kuo, Samuel Ng, David Revcolevschi, Nan Li and David Wang, and litigation partner Scott Flicker.
The AllBright team was led by senior partners Linhai Zhu, Fangzhou Bao, Xiaojing Wang and partner Cheng Shen.
J.P. Morgan, CLSA and Citigroup acted as the joint sponsors for the listing.
Kirkland & Ellis advised joint sponsors and underwriters on Hong Kong and US law and the team was led by senior partner David Zhang, Li Chien Wong and partner Qi Peng and Wanda Woo.
The JunHe team advising joint sponsors and underwriters on PRC law was led by partners Yongqiang Yu and Chenliang Li.
美国普衡、凯易国际助力复星旅文香港上市
美国普衡律师事务所和锦天城律师事务所代表复星旅游文化集团完成其从复星国际分拆、4.28亿美元的全球发售和在香港联合交易所主板的香港首次公开发售，凯易国际律师事务所和君合律师事务所分别担任联席保荐人及承销商的法律顾问。
据路透社报道，旅游业是母公司复星国际的关键利润增长点之一。2015年，复星国际斥资9.39亿欧元收购法国地中海俱乐部，2016年成立了复星旅游文化集团，准备上市筹资。
普衡团队为发行人提供香港、美国、法国法律以及欧盟和联合国制裁法规法律服务，由公司业务部合伙人严嘉、郭子澄、吴嘉智、David Revcolevschi、李竟弘和王圣豪，和诉讼业务部合伙人Scott Flicker领导。
锦天城担任发行人的中国法律顾问，成员包括高级合伙人朱林海、鲍方舟、王小晶以及合伙人沈诚等。
摩根大通、中信里昂、花旗集团是本次上市的联席保荐人。
凯易担任联席保荐人及承销商的香港及美国法律顾问，由资深合伙人张彤及黄莉娟、合伙人祁鹏和胡芷筠带领。
君合作为本项目联席保荐人及承销商的中国法律顾问，团队牵头合伙人为余永强和李辰亮等。
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