PRESS RELEASE
26 September 2019

Ogier Advises Hammer Capital On Fund Launch For Proposed Take-Private Of Bitauto

O
Ogier

Contributor

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Ogier provides legal advice on BVI, Cayman, Guernsey, Irish, Jersey and Luxembourg law. Our network of locations also includes Beijing, Hong Kong, London, Shanghai, Singapore and Tokyo. Legal services for the corporate and financial sectors form the core of our business, principally in the areas of banking and finance, corporate, investment funds, dispute resolution, private equity and private wealth. We also have strong practices in the areas of employee benefits and incentives, employment law, regulatory, restructuring and corporate recovery and property. Our corporate administration business, Ogier Global, works closely with Ogier's partner-led legal teams to incorporate and administer a wide variety of vehicles, offering clients integrated legal and corporate administration services. We have the knowledge and expertise to handle the most demanding and complex transactions and provide expert, efficient and cost effective services to all our clients.
Ogier's Hong Kong team has recently advised Hammer Capital on its launch of Hammer Capital Opportunities Fund L.P.,
Jersey

Ogier's Hong Kong team has recently advised Hammer Capital on its launch of Hammer Capital Opportunities Fund L.P., a member of an investor consortium with Tencent Holdings (HKSE: 700) in the proposed take-private of Bitauto Holdings Limited (NYSE: BITA) for US$16 in cash per American depositary share.

Bitauto is a leading provider of internet content & marketing services, and transaction services for China's fast-growing automotive industry. Bitauto is also the controlling shareholder of Yixin Group Limited (HKSE: 2858), an online financed automobile transaction platform in China. Tencent and JD.com (NASDAQ: JD) are key shareholders of Bitauto and Yixin. Completion of the proposed take-private of Bitauto would in turn trigger a take-private of Yixin by the consortium under the Hong Kong Takeovers Code.

Ogier partner Kate Hodson from the firm's Hong Kong office led the Ogier team which included Alan Wong in advising Hammer Capital on the Cayman law aspects of the fund launch. The Ogier team worked alongside lead counsel Kirkland & Ellis.

PRESS RELEASE
26 September 2019

Ogier Advises Hammer Capital On Fund Launch For Proposed Take-Private Of Bitauto

Jersey

Contributor

Ogier  logo
Ogier provides legal advice on BVI, Cayman, Guernsey, Irish, Jersey and Luxembourg law. Our network of locations also includes Beijing, Hong Kong, London, Shanghai, Singapore and Tokyo. Legal services for the corporate and financial sectors form the core of our business, principally in the areas of banking and finance, corporate, investment funds, dispute resolution, private equity and private wealth. We also have strong practices in the areas of employee benefits and incentives, employment law, regulatory, restructuring and corporate recovery and property. Our corporate administration business, Ogier Global, works closely with Ogier's partner-led legal teams to incorporate and administer a wide variety of vehicles, offering clients integrated legal and corporate administration services. We have the knowledge and expertise to handle the most demanding and complex transactions and provide expert, efficient and cost effective services to all our clients.

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