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Freshfields advises on refinancing and restructuring of Midea’s 95 per cent stake in Kuka AG

Freshfields Bruckhaus Deringer (“Freshfields”) has advised Midea, the Chinese-listed home appliances company, on the refinancing and restructuring of its €4.6bn acquisition of Kuka AG, the Frankfurt-listed robotics company. The refinancing was arranged with a syndicate of 15 Chinese banks led by Bank of China.

The firm also advised on a restructuring of the way in which Midea holds its shares in Kuka, which included a German regulatory approval process with German financial regulator BaFin.

The Freshfields team was led by partner Richard Perks in Hong Kong, supported by partners Dan French (Hong Kong), Arend von Riegen and Michael Josenhans (Frankfurt) and Thijs Flokstra (Amsterdam).

Freshfields previously advised on the acquisition of Kuka by Midea earlier this year.

ENDS

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About Freshfields Bruckhaus Deringer

Freshfields Bruckhaus Deringer LLP is a global law firm with a long-standing track record of successfully supporting the world's leading national and multinational corporations, financial institutions and governments on ground-breaking and business-critical mandates. Our 2,800 plus lawyers deliver results worldwide through our own offices and alongside leading local firms.  Our commitment, local and multi-national expertise and business know-how means our clients rely on us when it matters most.

The Freshfields team was led by: