9 July, 2012
Paul, Weiss advised Carlyle Asia Partners III L.P., The Carlyle Group’s Asia buyout fund, on its acquisition of a controlling stake of 49% in Mandarin Hotel Holdings Limited, the operator of a mid-market hotel chain in China under the brands of ‘Crystal Orange Hotel’ and ‘Orange Hotel’. The company's hotel chain currently includes 25 designer hotels in six major Chinese cities, including Beijing, Tianjin, Dalian, Nanjing, Hangzhou and Ningbo. Following the acquisition, Carlyle is the largest shareholder of the company, with Mr Eric Zhang, managing director of The Carlyle Group, appointed as the company’s co-chairman.
The Paul, Weiss team advising on the transaction was led by the China corporate team including partner Jeanette Chan, counsel Hans-Günther Herrmann, associate Frank Sun and China law consultant Sean Li; with U.S law advice being provided by Washington DC partner Mark Mendelsohn and counsel Richard Elliott and New York partner David Sicular and associate Lindsay Kurasz.
For further information, please contact:
Andrew McGrath, Paul, Weiss, Rifkind, Wharton & Garrison
Follow Conventus Law on Twitter @conventuslaw