Chinese healthcare company receives private equity financing

    September 04, 2010 | BY

    clpstaff &clp articles

    Private equity investor Starr International Company has provided China-based Top Grade Healthcare with US$40 million financing in the form of a combination…

    Private equity investor Starr International Company has provided China-based Top Grade Healthcare with US$40 million financing in the form of a combination of redeemable exchangeable notes and purchase of ordinary shares.

    Through its PRC subsidiaries, Top Grade Healthcare is involved in the manufacture and sale of diagnostic imaging equipment and hospital management services in China.

    An O'Melveny & Myers Asia-based team acted for Top Grade Healthcare. Beijing partner David Roberts led the group that included Hong Kong partners Gordon Ng, Neil Campbell and Douglas Freeman. Also advising Top Grade Healthcare was a Commerce & Finance Law Office team led by Kong Xin. Starr International was represented by Skadden Arps Slate Meagher & Flom and Jun He Law Offices.

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