Simpson Thacher Represents Blackstone in Investment in SCP Company Limited

The Firm represented affiliates of Blackstone Real Estate Partners VII and Blackstone Real Estate Partners Asia (collectively, “Blackstone”) in connection with the recently announced acquisition of an approximately 40% stake in SCP Company Limited.  SCP is a leading shopping mall owner, operator and developer in China.  After giving effect to the investment by Blackstone and a concurrent investment by ICBC International Holdings, SCP holds assets totaling in excess of US$2 billion.  The transaction represents one of the largest foreign private equity investments in the real estate sector in China to date.

The Simpson Thacher team includes: Anthony King (Real Estate); Yang Wang, Qinghong Cai and Duan Fu (Beijing M&A); Nancy Mehlman and Sean FitzGerald (Tax); and David Vann and Étienne Renaudeau (Antitrust).

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