Mourant advises Hollysys Automation Technologies on US$1.66 billion privatisation by Ascendent Capital Partners

Asia and Hong Kong Managing Partner and Practice Leader of the Hong Kong Corporate and Investment Funds team, Paul Christopher, and Corporate Partner, Jessica Lee, led the privatisation for Mourant, working closely with Hong Kong Senior Associate Jesslyn Leung.

Headquartered in Beijing, Hollysys is an automation control system solutions provider in China with overseas operations in eight other countries and regions throughout Asia. Headquartered in Hong Kong, Ascendent Capital Partners is a private equity investment management firm managing assets for global institutional investors, including sovereign wealth funds, endowments, pensions and foundations.

Deutsche Bank AG, Davis Polk & Wardwell, and Haiwen & Partners also advised Hollysys on the transaction. Ascendent Capital Partners was advised by BNP Paribas Securities Corp, Morrison & Foerster LLP, and Zhong Lun Law Firm.

The acquisition was shortlisted for M&A Deal of the Year at the ALB China Law Awards 2024.