Cleary Gottlieb Steen & Hamilton and JunHe are advising Chinese footwear and apparel maker Belle Fashion Group on its planned Hong Kong IPO that is set to raise between $500 million and $1 billion. Freshfields Bruckhaus Deringer and Haiwen & Partners are representing the joint sponsors.
Belle Fashion, previously known as Belle International, was listed on the Hong Kong Stock Exchange in 2007, before being taken private by a buyout group led by Hillhouse Capital and CDH Investments in 2017.
It is China’s largest fashion footwear company and owns more than 10 brands, including Staccato, Belle, CAT, Moussy, and Champion.
The joint sponsors on the IPO are BofA Securities and Morgan Stanley.
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