KWM represents CDB in €400m acquisition loans for Zhuolang Textile Machinery

King & Wood Mallesons has represented China Development Bank (CDB) on closing a €400m term loan facility, which was used to finance Zhuolang Textile Machinery Co Ltd’s acquisition of the Natural Fibers and Textile Component units from OC Oerlikon Corporation AG, Pfaffikon of the Saurer Group, a manufacturer of systems for textiles and embroidery.

The transaction involved a complicated cross-border share-transfer structure.

King & Wood Mallesons served as the PRC and Hong Kong counsel to the lender. The team was led by Hong Kong office partner David Lam and Beijing office partner Ma Feng.

They were supported by the firm’s Hong Kong and Beijing team members, including Emma Chan, Cara Sim and Liu Tiecheng.