Freeths supports Holovis expansion plans for Asia
The Corporate team at Freeths has recently advised Holovis International Limited and its shareholders in connection with a multi-million pound investment from asset management company Road King.
Road King, a Hong Kong based firm with its core business including investment, development, operation and management though Asia, now owns a minority stake in Holovis.
The Freeths team was led by Ateeq Ahmed and John Heaphy with specialist advice being provided by employment partner Rebecca Sawbridge, tax associate Richard Ferguson and corporate solicitor Amy Harron.
Holovis, the experiental design specialist, was founded in 2004 and has offices in London, Shanghai and China. Through this new investment, Holovis will now significantly expand its Asian operation across all of its market sectors; including enterprise, entertainment, museum and simulation, integrating its technology into Road King’s existing and new real estate projects across China.
Ateeq Ahmed, a partner in Freeths’ Corporate team, commented: “This transaction represents a critical step in the evolution of the Holovis business and we were delighted to work with Stuart and his team in bringing two great companies together. The transaction itself posed some interesting structuring challenges but we pride ourselves on delivering creative solutions. We are very excited to see what happens next on the Holovis journey and look forward to supporting them along the way.”
Stuart Hetheringtom, CEO of Holovis, commented: “This significant investment will allow Holovis to grow more strategically, particularly in the Far East, while maintaining our market leadership position in delivering unique, innovation-led solutions for our global clients.
We really enjoyed working with the Freeths team and were particularly impressed with their depth of experience, flexibility in finding bespoke solutions and highly responsive service.”
This transaction is also the latest in a number of international transactions on which Freeths has advised in the last 12 months.
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