Walkers acts as Bermuda counsel to Brooklyn Investment Limited on the privatisation of I.T Limited

Walkers acted as Bermuda counsel to Brooklyn Investment Limited (the "Offeror") on the privatisation of I.T Limited, a leading fashion retail group incorporated in Bermuda and listed on the Hong Kong Stock Exchange. I.T Limited has significant operations throughout China, Japan and the United States.

The take private transaction was implemented by way of a Bermuda scheme of arrangement. The Offeror is a consortium special purpose vehicle between CVC Capital Partners and the founders of I.T Limited. The scheme of arrangement was completed on April 28, 2021.

Walkers' team was led by Hong Kong partner Nicholas Davies, with the support of partners Joanne Collett, Natalie Neto and Jonathan Betts, counsel William Lee, senior associate Charlotte Howell and associate Benjamin Green.

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