find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
KWM primed for success

KWM primed for success

Anne-Marie Neagle KWM

An Australian team from global firm King & Wood Mallesons advised on an international consortium’s acquisition of PrimeCredit.

Firms: Slaughter & May (Standard Chartered Bank), King & Wood Mallesons (China Travel Financial Holdings Co. Ltd, Limited, Pepper Australia Pty Ltd and York Capital Management Global Advisors LLC)

Deal: A consortium comprising China Travel Financial Holdings Co., Pepper Australia and York Capital Management Global Advisors, LLC bought PrimeCredit Limited and Shenzhen PrimeCredit Limited from Standard Chartered Bank.

Value: Confidential

Area: Securitisation

Key players: The KWM core team included Anne-Marie Neagle (pictured), Josh Cole, Hayden Flinn, Richard Mazzochi, Paul McBride, Jason Qiu and Yingmao Tang.


The deal marks the first deregulation of a Hong Kong DTC into a moneylender, according to a statement from KWM. It also involved a global consortium structure, a substantial mortgage book sale to the Bank of East Asia and a series of consumer receivable securitisations.

PrimeCredit is a leading consumer finance provider in Hong Kong, has assets under management of $US1.15 billion and services over 132,000 customers.

The deal required a specialised cross boarder team to navigate the approval processes for the acquisition of regulated consumer businesses in both Hong Kong and China, and to structure the acquisition, reorganisation and financing arrangements, KWM suggested.

KWM partner Richard Mazzochi said more deals in this sector could be expected.

“This deal reflects the strong interest we continue to see from institutions in the Hong Kong financial services sector.”


Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

KWM primed for success
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Oct 20 2017
Podcast: One of law’s most infamous alumni – in conversation with Julian Morrow
In this episode of The Lawyers Weekly Show, Melissa Coade is joined by The Chaser’s Julian Morrow....
Oct 20 2017
High Court overturns ‘excessive’ anti-protest legislation
Bob Brown’s recent victory in the High Court over the Tasmanian government was a win for fundament...
Oct 20 2017
Changes to Australian citizenship laws blocked
Attempts to beef up the requirements to obtain Australian citizenship were thwarted this week, after...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...