Mourant, a law firm-led professional services business, has been recognised by China Business Law Journal in its 'Deals of the Year' for 2024.

Each year, the China Business Law Journal announces its annual roundup of the top deals that stood out from a vast submission database of Chinese and international law firms.

This is supported by independent observation and coverage of China’s legal market, with the journal considering factors including overall significance, complexity, innovation and deal size.

Mourant's winning deal involved acting as BVI legal counsel to Hollysys Automation Technologies (Hollysys) on its US$1.66 billion privatisation by Hong Kong-based private equity firm Ascendent Capital Partners. The completion of the privatisation was announced on 25 July 2024 following the 11 December 2023 acquisition plan announcement.

This deal was also shortlisted for 'M&A Deal of the Year' at the ALB China Law Awards 2024.

Asia Managing Partner and Practice Leader of the Hong Kong Corporate and Investment Funds team, Paul Christopher, and Corporate Partner, Jessica Lee, led the deal for Mourant, working closely with Hong Kong Senior Associate Jesslyn Leung. Deutsche Bank AG, Davis Polk & Wardwell and Haiwen & Partners also advised Hollysys on the transaction.

Paul Christopher commented:

"We're delighted to have been recognised by the China Business Law Journal for working on one of the top deals of 2024. This particular privatisation was complex in nature and required seamless collaboration across practices and time zones to achieve a successful outcome for both Hollysys and Ascendent Capital Partners."

-ENDS-

Notes to Editors

For further information please contact:

Chloe Whittaker, Senior External Communications Executive:

[email protected]

About Mourant

Mourant is a law firm-led, professional services business with over 60 years' experience in the financial services sector.

We advise on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg and provide specialist entity management, governance, regulatory and consulting services.

We are an international and globally-integrated firm with offices in a number of the world's leading international finance centres, including London, Singapore and Hong Kong. Our business is intrinsically linked to the global economy and the capital flows that support it. We serve the needs of our clients in all major time zones, facilitating responsible cross-border finance and investment, the pooling and protection of capital and the resolution of disputes.

Our clients include many of the world's leading financial institutions, international corporations, asset managers and institutional investors. We are routinely instructed to work alongside the world's pre-eminent legal, accounting and financial services firms.

We have an outstanding reputation for integrity and professional ethics, underpinned by a strong risk management culture.

Find out more: mourant.com