Fox Rothschild’s Minneapolis Office Assists on Australasian International Deal of the YearJune 7, 2018 – Press Releases
June 7, 2018 – Fox Rothschild LLP is proud to recognize partner Christopher Scotti and associate Cynthia Topel for their role in a complex, multinational acquisition that was named International Deal of the Year at the 2018 Australasian Law Awards.
Nominees were judged by an independent panel of in-house and private practice lawyers who evaluated entries based on size, complexity, breadth and innovation.
Topel and Scotti, based in the firm’s Minneapolis office, handled all debt financing aspects of the $600 million deal in which Humanwell Healthcare (Group) Co., Ltd., a Shanghai listed healthcare company – a client of Jianming Jimmy Hao in the firm’s Princeton office – partnered with CITIC Capital China Partners III, L.P. to acquire Ansell Limited’s (ASX: ANN) global sexual wellness business with locations in approximately 15 countries.
The financing included $225 million in funds from a multi-jurisdictional secured term loan negotiated and finalized by Scotti and Topel, on behalf of the borrower, with China Merchants Bank Co. Ltd., New York Branch. The financing closed on August 31, 2017 in the United States, with the acquisition closing on September 1, 2017 in Australia.
The International Deal of the Year Award was awarded to buyers’ acquisition counsel, King & Wood Mallesons (KWM), an international law firm based in Asia.