Baker McKenzie recently advised Home Control International Limited ("Home Control") on its HKD 146 million global offering and listing on the Hong Kong Stock Exchange with respect to the laws of the US, Singapore, Brazil and Belgium. The shares of the company commenced trading on the Hong Kong Stock Exchange on 14 November.
Home Control is a leading global home control solution provider headquartered in Singapore, with worldwide presence in North America, Europe, Asia and Latin America. The Company develops and offers remote controls for a range of set-top box (STBs) of multiple system operator (MSO) and over-the-top (OTT) devices as well as smart televisions.
Baker McKenzie's cross-border team had lead responsibility for conducting tailored legal due diligence and advising on Belgian, Brazilian, Delaware and Singaporean laws in connection with the international operations of Home Control, as well as the handling of securities and regulatory issues in the relevant jurisdictions. The overall transaction was led by partner Ivy Wong in Hong Kong and she was assisted by partners Roel Meers in Brussels, Michael J Fieweger in Chicago, Daniel de Miranda Facó of Trench Rossi Watanabe (in association with Baker McKenzie) in Sao Paulo, as well as Ashok Lalwani and Kenny Kwan of member firm Baker McKenzie Wong & Leow in Singapore. The team was also supported by associates Stephanie Mak in Hong Kong, Charlotte De Cort in Brussels, Nicole Puza and Anthony Burrows in Chicago, Alberto Mori (Of Counsel) and Marcelo Moura in Sao Paulo, and Caryn Ng and Susan Choy in Singapore.
Commenting on the transaction, Ivy Wong, Asia Pacific chair of Baker McKenzie's Capital Markets Practice, said: "We are very pleased that we have been able to draw on our local and international corporate law and capital markets capabilities in multiple markets, allowing us to contribute to the success of Home Control’s listing in Hong Kong. Given the complexities of the recent global market conditions and regulatory environment, including the recent Sino-US relations, our cross-border capabilities have allowed us to leverage from our local expertise in the relevant jurisdictions that addresses specific local regulatory developments, including the latest US trade law and tariff related matters. This transaction will provide funds for our client's future expansion into new markets and locations as well as for the invention and development of new products. "
Home Control is controlled by North Haven Private Equity Asia IV, L.P., a fund managed by the private equity arm of Morgan Stanley, which is listed on the New York Stock Exchange (stock code: MS).