Press Release

Kirkland & Ellis Represented Belmont Hong Kong Ltd. in its US$654 Million Acquisition of a Controlling Interest in, and the Related Takeover of, PCD Stores (Group) Limited

Kirkland & Ellis represented Belmont Hong Kong Ltd. (the offeror), a wholly owned subsidiary of Beijing Wangfujing International Commercial Development Co., Ltd., in its US$654 million (HK$5,099 million) acquisition of a 39.53-percent interest in, and the related takeover of, PCD Stores (Group) Limited (331: Hong Kong). The privatization was publicly announced on January 31, 2013, and completed on December 5, 2013, and PCD Stores became a wholly owned subsidiary of the offeror.

The Kirkland team representing Belmont Hong Kong Ltd. was led by corporate partners Nicholas Norris and David Yun, with assistance from corporate associates Soo-Yien Khor and Joey Chau.

Kirkland attorneys have been trusted advisors in Asian deals for more than two decades, regularly representing clients in complex transactions in and involving Greater China and the rest of Asia, including inbound and outbound mergers and acquisitions and leveraged buyouts, capital markets issuances, joint ventures, growth equity investments, and offshore and RMB fund formations. The Firm also has a leading government enforcement and investigations practice, based in Shanghai, led by a former federal prosecutor with the U.S. Department of Justice. Kirkland’s Hong Kong, Beijing and Shanghai offices have more than 70 lawyers.

Kirkland & Ellis LLP is a global law firm with approximately 1,600 lawyers representing clients in complex corporate, private equity and tax, litigation and dispute resolution/arbitration, restructuring, and intellectual property and technology matters. The Firm has offices in Hong Kong, Beijing, Chicago, London, Los Angeles, Munich, New York, Palo Alto, San Francisco, Shanghai and Washington, D.C.