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O'Melveny Represents Top Grade Healthcare Limited in US$40 Million Private Equity Financing by Starr International

July 22, 2010

FOR IMMEDIATE RELEASE
CONTACT:

Sonja Steptoe
O'Melveny & Myers LLP
(213) 430-6384     
ssteptoe@omm.com

Lena Li
O'Melveny & Myers LLP
86 (10) 6563-4282
leli@omm.com

BEIJING -- JULY 22, 2010 – O’Melveny recently represented Top Grade Healthcare Limited in negotiating and closing a US$40 million private equity financing by Starr International Company, Inc., in the form of a combination of redeemable exchangeable notes and purchase of ordinary shares.

 

The O’Melveny team was led by Beijing partner David Roberts. Hong Kong partners Gordon Ng and Neil Campbell advised on Hong Kong law related matters, and US M&A partner, Douglas Freeman, based in the O’Melveny Hong Kong office, provided assistance regarding the structure and terms.

 

“We are excited to be a part of the growth and development of China’s high-tech diagnostic technology and healthcare services industries. Top Grade is on the cutting edge and it is a pleasure to be working closely with the company and Starr to meet their goals.” said O’Melveny & Myers Beijing partner David Roberts, who led the team. 

 

Top Grade Healthcare Limited, through its PRC subsidiaries, is engaged in the manufacture and sale of diagnostic imaging equipment and hospital management services in China. Top Grade Healthcare Limited owns proprietary technology to develop and manufacture the world’s most advanced PET-MR equipment. Chairman and CEO of CV Starr and Company Maurice (Hank) Greenberg was on hand to represent Starr International at the signing ceremony and to express his and Starr’s interest in and commitment to China’s developing healthcare industry. 

 

About O’Melveny & Myers LLP

With approximately 1,000 lawyers in 14 offices worldwide, O’Melveny & Myers LLP helps industry leaders across a broad array of sectors manage the complex challenges of succeeding in the global economy. We are a values-driven law firm, guided by the principles of excellence, leadership, and citizenship. Our commitment to these values is reflected in our dedication to improving access to justice through pro bono work and championing initiatives that increase the diversity of the legal profession. For more information, please visit www.omm.com .