16 03 2016

Actis sells a minority stake in Chinese hotel chain, Plateno Hotel Group

Private equity investor Actis has announced the sale of its minority stake in Plateno Hotel Group to Shanghai JinJiang International Hotels Development Co. LTD, a Shanghai A share listed subsidiary of the Chinese state-owned enterprise JinJiang Group.


Plateno, formerly 7 Days Inn Group, is a leading Chinese budget and mid-range hotel chain. As a strategic investment, Jinjiang Hotels acquired an 81% equity stake in Plateno at an enterprise value exceeding RMB10 billion (approximately US$1.53 billion) from Actis and other selling shareholders, including other prominent private equity funds active in the Greater China market. Clifford Chance has advised Actis on the sale with a team led by Partner Terence Foo (picture), assisted by counsel Hong Zhang and associate Bernard Cheng. Involved fees earner: Terence Foo - Clifford Chance; Hong Zhang - Clifford Chance; Bernard Cheng - Clifford Chance;

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