Hong Kong Capital Markets team advised in HK$26.1bn (US$3.3bn) voluntary general offer of Vinda

Global law firm Norton Rose Fulbright advised Vinda International Holdings Limited (“Vinda”, 3331.HK), one of Asia’s leading hygiene company, in the voluntary cash general offer (the VGO) by Asia Pacific Resources International Limited, through its wholly-owned subsidiary, Isola Castle Ltd, as the offeror. Vinda provides high quality hygiene products and services across Asia including well-known brands such as Tempo. 

The offer to acquire Vinda arises from the strategic decision by Essity Aktiebolag (publ) (Essity), the controlling shareholder of the company, which attracted multiple bidders expressing their extensive interest in the acquisition. Essity and the second largest shareholder in the Company have undertaken to accept the offer for their shares. HSBC is the financial adviser to Vinda and BNPP and CICC are the financial advisers to the offeror. Bank of America is the financial adviser to Essity. 

The Norton Rose Fulbright team was led by partners Psyche Tai and Rachel Chan. They were supported by senior associate Patrick Wong and associates Zoe Tang and Samantha Hui.

Psyche Tai, the Head of Norton Rose Fulbright’s Hong Kong office and capital markets practice, commented: "We are pleased to have been involved in this landmark VGO, which demonstrates our capability in takeovers and adds to our credentials of public M&As completed this year.”