Press Release

Kirkland Represents Tims China on $1.8B Business Combination with Silver Crest and Go Public on Nasdaq

Kirkland & Ellis is advising TH International Limited (Tims China), the master franchisee and operator of Tim Hortons coffee shops in China, on its business combination with Silver Crest Acquisition Corporation (NASDAQ: SLCR), a publicly-traded special purpose acquisition company. The transaction values the combined business at approximately $1.8 billion. Upon closing of the transaction, Tims China will be listed on the Nasdaq Stock Market under the symbol “TIMS”. The transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2021.

The Kirkland team is led by transactional partners Daniel Dusek, Joseph Raymond Casey, Armand Della Monica and Ram Narayan and capital markets partner Steve Lin, with assistance from transactional partner David Zhang, registered foreign lawyer Min Lu and associates Jiayi Wang, Nick Appleton and Steven Hunter, capital markets partner Christine Strumpen-Darrie and associates Olivia Wang and Elise Wang, executive compensation partner Michael Krasnovsky and associates Joe Denker and Jake Alexander Ebers, tax partners Mike Carew and Christine Lehman and associate Courtney Loyack, technology & IP transactions partners Min Wang and Jeffery Norman and associate Seth Pritchard, and employment and labor partners Richard Kidd and Christine Lacku and associate Alexis Grinstead.