Kirkland & Ellis International LLP represents NCGA Holdings Limited (NCGA) in its US$305 million acquisition by Baoxin Auto Group, a leading luxury 4S dealership group in China listed on the Hong Kong Stock Exchange. NCGA is the holding company of a group which operates luxury automobile dealerships in the northeastern and northwestern parts of the PRC, including Beijing, Hebei province, Liaoning province, Shaanxi province, Shandong province, Tianjin and Xinjiang Uyghur Autonomous Region. The deal was announced on August 30, 2012.
The transaction is expected to close in the fourth quarter of 2012, and is subject to certain regulatory and customary closing conditions.
Hong Kong partners Nicholas Norris and David Yun, counsel Steven Tran, and associates Joey Chau and Anthony Chan represent NCGA in the transaction.