Emperor International Holdings Limited (SEHK:163) entered into an agreement to acquire Peterson Ampersand General Partner S.à r.l and Peterson Ampersand S.à r.l from Peterson (London) Company Limited for £260 million on January 23, 2017. The consideration for acquisition shall be equivalent to the aggregate of the completion NAV payable to the Peterson (London) Company Limited, the intra-group debt payable to Peterson Holdings Company Limited and the external debt payable to the lender, all in cash as follows:- the completion NAV shall be payable in the following manner: an initial deposit of £26 million has been paid and the remaining balance will be paid upon completion, the intra-group debt shall be payable upon completion and the external debt shall be payable to the lender upon completion. The consideration shall be financed by internal resources of Emperor International. Target companies reported total assets of £223.2 million and net asset value of £106.3 million as at September 30, 2016. The deal is subject to the approval of shareholders of Emperor International Holdings Limited and has been approved by the controlling shareholder of Emperor International Holdings Limited. As of April 28, 2017, the executive and non-executive Directors consider that the acquisition and terms of agreement are fair and reasonable. If the general meeting was convened for approving the acquisition, the Directors would have recommended the shareholders to vote in favor of the acquisition. The transaction is expected to close on June 14, 2017. Cushman & Wakefield Debenham Tie Leung Limited acted as real estate advisor for Emperor International. Deloitte Touche Tohmatsu Hong Kong SAR acted as accountant for Emperor International. Fabien Debroise, Bertrand Geradin and Mayer Brown LLP acted as legal advisors to Emperor International Holdings Limited. Mayer Brown LLP acted as legal advisor to Emperor International Holdings Limited. Dauwood Malik, Michael Pallaras and Perry Sea of Clifford Chance advised Industrial & Commercial Bank of China (Asia) Ltd on approximately £170 million loan to partially fund the purchase.