Best Approach’s Canvest Environmental Group Goes Private in $1.4 Billion Deal 

Paul, Weiss advised Best Approach Developments Limited, the controlling shareholder of Canvest Environmental Protection Group Company Limited (listed on the Hong Kong Stock Exchange, stock code 1381), in Grandblue Investment Hong Kong Limited’s approximately $1.4 billion (HK$11 billion) privatization of Canvest by way of a scheme of arrangement. Under the terms of the transaction Best Approach received proceeds in cash and retains a 7.23% interest in Canvest, which has been delisted.

The Paul, Weiss team was led by corporate partner Bosco Yiu.