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Zhong Lun Advises Viz Branz of Singapore on the Offshore Syndicated Loan
Zhong Lun Advises Viz Branz of Singapore on the Offshore Syndicated Loan
Recently, Investcorp, a leading global investment provider and manager of alternative investment products, has acquired a majority ownership position in Viz Branz Holdings Pte. Ltd. (“Viz Branz") in partnership with the Asia Food Growth Platform. In the meantime, an offshore syndicate jointly arranged by The Hongkong and Shanghai Banking Corporation Limited and ING Bank N.V. granted offshore facilities of an amount of S$180 million to Viz Branz for re-financing its existing indebtedness, for which several PRC subsidiaries of Viz Branz have provided a variety of securities. The refinancing project was completed concurrently with the aforesaid acquisition transaction.
Zhong Lun Law Firm acted as the PRC counsel for Investcorp and Viz Branz and provided comprehensive legal services for this refinancing project. The legal team was led by Shirley Lu, the partner of Zhong Lun, and the team members include Nina Zheng.
Established in 1988, Viz Branz is a manufacturer and distributor of leading regional instant beverage brands. It produces, packages and distributes instant cereal mix, instant coffee mix and instant tea mix primarily across China and Southeast Asia. The renowned brands owned by it include Gold Roast, Calsome, Royal Myanmar Tea, Café 21 etc.
