Press Release

Kirkland Advises Tims China on Completion of Business Combination with Silver Crest and Listing on NASDAQ

Kirkland & Ellis has advised TH International Limited (Tims China), the master franchisee and operator of Tim Hortons coffee shops in China, on the completion of its business combination with Silver Crest Acquisition Corporation. The transaction valued Tims China at approximately $1.4 billion. The combined company has retained the TH International name and its shares and warrants began trading on NASDAQ under the symbols “THCH” and “THCHW” on September 29, 2022.

The Kirkland team was led by transactional partners Armand Della Monica, Joseph Raymond Casey and Min Lu and capital markets partners Christian Nagler and Steve Lin, with assistance from transactional partners Jesse Sheley and Ram Narayan and associates Jiayi Wang, Nick Appleton and Steven Hunter, capital markets partners Louis Rabinowitz and Christine Strumpen-Darrie and associates Olivia Wang and Elise Wang, executive compensation partner 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 associate Alexis Grinstead.