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;

IAIR TV

see all videos

LATEST ISSUE
Powered by Share Trading

Everlasting
POPULAR ARTICLES
Le Fonti IAIR Awards Take Hong Kong By Storm

21/03/2017

Hong Kong has become a city of bright expansion, culture, and futuristic innovation. Fr

Will Brexit break London's place as FinTech Capital?

17/11/2016

Fintech, it’s described as the disruption in financial services pushed by consume

Le Fonti IAIR Awards 2016 celebrates excellences in London.

17/10/2016

On October 14th, 2016, the world’s leading corporate stars aligned for a momentou

IAIR AWARDS 2016 IN NEW YORK: EMONEY ADVISOR, C.A.S.H., CREDIT SUISSE AND CHEETAH MOBILE AMONG THE WINNERS

15/04/2016

More than 19 Excellences in the global economy at the VI Annual Edition of IAIR AWARDS&

IAIR AWARDS & CEO SUMMIT 2015 IN DUBAI

20/11/2015

It took place on 19 November 2015 at Palace Downtown in Dubai the 19th edition of the I