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Zhong Lun Advises Silver Crest on Its Combination with Tims China
Zhong Lun Advises Silver Crest on Its Combination with Tims China
Release time：2022-09-30
Voice Announcements
On September 28, 2022, TH International Limited (Tims China), the exclusive operator of Tim Hortons coffee shops in China announced the closing of its business combination with Silver Crest Acquisition Corporation (Nasdaq: SLCR), a special purpose acquisition company. The combined company retains the TH International name, and its shares have begun trading on NASDAQ under the symbol “THCH" since September 29, 2022. The transaction values Tims China at an initial enterprise value of approximately US$1.4 billion and provides it with access to nearly US$200 million of additional financing.
Zhong Lun Law Firm acted as the PRC legal counsel for Silver Crest in this transaction. The legal team from Zhong Lun was led by Anthony Zhao and Luke Zhang, and included Cynthia Yuan, Ruby Zheng, Julie Cao, Claire Yang, etc.
Professionals
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Anthony ZHAO
Equity Partner
ShanghaiPractices： Hong Kong & Overseas Capital Markets,Private Equity & Investment Funds,Cross-border Investment/M&AIndustries： Telecommunications & Internet,Information & Intelligence Technology,Healthcare,Pharmaceuticals & Life Sciences,Education & Training,Media-Sports & Entertainment,Banking & Financial Services,Financial Innovation & Fintech -
Anthony ZHAO
Equity Partner
Shanghai
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Luke ZHANG
Equity Partner
ShanghaiPractices： Private Equity & Investment Funds,Cross-border Investment/M&A,Hong Kong & Overseas Capital MarketsIndustries： Telecommunications & Internet,Information & Intelligence Technology,Pharmaceuticals & Life Sciences,Healthcare,Education & Training,Media-Sports & Entertainment,Financial Innovation & Fintech -
Luke ZHANG
Equity Partner
Shanghai
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