Press Release

Kirkland Represents Lion Financial Group Limited on $125 Million Business Combination Agreement with Proficient Alpha Acquisition Corp.

Kirkland & Ellis is advising Lion Financial Group Limited, a Hong Kong-based diversified financial services company, on its definitive business combination agreement with Proficient Alpha Acquisition Corp. (NASDAQ:PAAC), a special purpose acquisition company, in a transaction valued at approximately $125 million. The transaction closing is subject to customary conditions and is expected to occur in the second calendar quarter of 2020.

Read the Proficient Alpha Acquisition Corp. press release

The transaction demonstrates Kirkland’s ability to deploy capital markets and M&A capabilities across offices to serve Asia-based clients engaging in major transactions with a U.S. counterparty.

The Kirkland team was led in Asia by capital markets partners David Zhang and Ben James and in the US by transactional partner James Hu, and included capital markets partners Christian Nagler and Brooks Antweil and tax partners Dean Shulman and Vivek Ratnam.