12 October, 2016
Allen & Overy is advising leading pan-Asian reinsurance business ACR Capital Holdings Ltd (ACR) and its majority shareholders on the sale of ACR to Chinese state-owned investment corporations Shenzhen Qianhai Financial Holdings Co. Ltd. and Shenzhen Investment Holdings Co. Ltd., through their jointly-owned holding company, Asia Investment Capital Holdings Co. Ltd.
Upon completion, this will be one of the largest Southeast Asian financial sector M&A transactions in 2016.
The Allen & Overy team is being led from Singapore by partner Chris Moore, with support from counsels James Mythen and Lian Chuan Yeoh; and involved input from Allen & Overy’s Shanghai, Hong Kong, Dubai, Tokyo, London and Ho Chi Minh City offices.
Commenting, lead partner Chris Moore said: “This complex multi-jurisdictional transaction plays to Allen & Overy’s strengths. Our extensive global network, leading M&A practice, in-depth knowledge of the insurance sector and markets involved, and strength in effectively managing cross-border deals all dovetailed in this transaction, making it possible for us to help execute this transaction despite the involvement of a large number of parties and jurisdictions, with the resulting complexities.”
