18 November 2019

Withers advised Lever Style Corporation on its IPO 卫达仕代表利华控股集团处理其首次公开招股

Duncan Miller
Public relations manager | UK

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.

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.

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.”

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.”

Duncan Miller Public relations manager | London

Category: Firm News