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Withers advised Lever Style Corporation on its IPO

21 November 2019

International law firm Withers has represented Lever Style Corporation (Stock code: 1346) on its listing on the Main Board of the Hong Kong Stock Exchange ("SEHK').

Lever Style is the apparel engine behind digitally native and conventional premium fashion brands. It provides end-to-end supply chain solutions for notable brands across the US, Europe and APAC, such as "All Saints", "Boden", "Theory", "Vince" and "Vineyard Vines". The Group intends to expand its apparel category portfolio through acquisitions that can enhance its versatility and profitability by achieving synergies such as cross-selling and development of hybrid products with higher growth potential. 利华控股是网络原生品牌及传统高端时尚品牌背后的服装推动引擎,为美国、欧洲及亚太区知名品牌如「AllSaints」、「Boden」、「Theory」、「Vince」及「Vineyard Vines」等提供端到端供应链解决方案。该集团计划透过收购扩大服装类别组合,通过实现交叉销售和开发具有更高增长潜力的混合产品等协同效应以提高其灵活性及盈利能力。

The Sponsor of the Global Offering was Altus Capital Limited, with Crosby Securities Limited as the Sole Global Coordinator. Joint Bookrunners and Joint Lead Managers included Crosby Securities Limited, China Tonghai Securities Limited, Shanxi Securities International Limited and CMBC Securities Company Limited. 浩德融资有限公司为此次全球发售的独家保荐人,高诚证券有限公司为独家全球协调人。联席账簿管理人及联席牵头经办人包括高诚证券有限公司、中国通海证券有限公司、山证国际证券有限公司及民银证券有限公司。

Mike Suen, Partner at Withers' Hong Kong office and Head of the Hong Kong capital markets team, led the deal, with support from associates Howard Wong, Bobby Fung and Lillian Chan. 此次利华控股上市项目是由卫达仕香港办事处合伙人暨香港资本市场团队主管孙志伟律师带领,并由黄思聪律师、冯景涛律师及陈灵恩律师全力支援。

Mike commented: "I am pleased to have advised on the IPO and see that the public offer tranche was over-subscribed by more than 30 times. Lever Style is an evolving company which is rapidly expanding in the ever-changing apparel industry, and this IPO will help to generate cash flow and create value for investors. We are fully confident that the company will seek further opportunities through acquisitions and other relevant ventures in order to develop its business across Asia." 孙律师评论道:“我很高兴能够就利华控股的首次公开招股提供法律咨询服务,并看到公开发售部分超额认购超过30倍。利华控股是一家不断发展的公司,在日新月异的服装行业中迅速扩展;本次首次公开招股将有助于为投资者创造现金流和价值。我们有充分信心,该公司将通过收购和其他相关合资项目寻求更多机会,以发展其在亚洲各地的业务。”

Mabel Lui, Head of the Greater China Commercial practice at Withers, added: “We have built and developed a market-leading corporate and commercial practice at Withers. Our lawyers are well-equipped and offer high levels of expertise across a full range of areas including investments, divestments, fund raising, licensing and regulatory compliance." 卫达仕大中华区业务部主管吕冯美仪律师补充道:“我们已经在卫达仕建立并形成了市场领先的企业及商务法律业务团队。我们的律师有着丰富的专业知识及从业经验,在投资、撤资、融资、许可和监管合规等各个领域提供高水平的专业知识服务。”

This document (and any information accessed through links in this document) is provided for information purposes only and does not constitute legal advice. Professional legal advice should be obtained before taking or refraining from any action as a result of the contents of this document.


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