DEALS

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.

Previous：Zhong Lun advises Lepu Medical's GDR Listing on the SIX Swiss Exchange Next：Zhong Lun Assists VoneSeals to Complete ChiNext IPO on SZSE

Print articles from Zhong Lun

Insights >

Publiciations >

Monthly Highlights >

Articles

Deals

Zhong Lun Assists Multiple Humanoid Robot and Intelligent Equipment Science and Technology Companies and Investors in Completing Tens of Millions Yuan Financing and Investment

Zhong Lun Advises on CR Beverage’s IPO in Hong Kong

Events

Awards

Zhong Lun Advises Silver Crest on Its Combination with Tims China