King & Wood Mallesons (KWM) has represented Qingdao Haier Co in successfully signing a share subscription agreement and a strategic partnership agreement with KKR & Co, a global investment firm.
According to the agreements, KKR will invest ¥3.4bn (£350m) to subscribe 10 per cent of Qingdao Haier shares. The parties will establish a long-term strategic partnership to collaborate on multiple areas.
Acting as the legal counsel of Qingdao Haier, KWM participated in all aspects of the project, including designing transaction structure, the drafting and negotiation of transaction documents and advising on private placement of the subscribed shares.
The project was led by KWM Beijing office partner Xu Ping, with core team members including partners Song Yanyan from the Beijing office and Li Qiang from the Qingdao office.