Eversheds advises Eagle Ride on a HKD270m public takeover bid

The Hong Kong office of Eversheds has advised Eagle Ride Investments, a subsidiary of APAC Investment Holdings, on the HKD270m (£22m) public takeover bid for shares of Radford Capital Investment, which is listed on the main board of the Hong Kong Stock Exchange.

Eagle Ride is a special-purpose vehicle wholly owned by APAC, whose principal business is investment holding, focusing on the energy sector and high-growth private investments.

Eagle Ride launched the takeover bid as offeror by making conditional voluntary cash offers to acquire all shares and to cancel all warrants in Radford. As part of the deal, Eagle Ride is also acquiring another approximately 21 per cent of the issued shares of Radford from some of its existing shareholders.

The Eversheds team was led by head of corporate in Asia Stephen Mok, assisted principally by Grace Leung, Sandy Yeung and Anna Kwong. The takeover financing was advised by a team led by partner Kingsley Ong.

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