2021.12.06
Recently, Peak Sports, one of China’s leading sports brands, successfully completed strategic financing of approximately RMB 1 billion. This round of financing for Peak Sports was led by China Resources Guodiao Xiamen Consumption Fund ("China Resources") and followed by CCB Trust and its subsidiary CCB (Beijing) Investment, as well as other well-known investment institutions in the market. As the exclusive legal counsel of China Resources, JunHe provided legal services throughout this transaction.
Peak Sports was founded in 1989, making it one of China’s first independent brands and also one of the leading sports brands in the country. Their products include sports shoes, clothing and accessories and its basketball and running products lead the domestic market. Their apparel and sports equipment is exported to overseas markets. Peak Sports has developed and transformed from traditional equipment manufacturers to become innovators in technology companies. They are known in the industry as “leaders of domestic technology.” At present, Peak Sports has five innovation R&D centers. They have developed intelligent adaptive technology, as well as light , surging and other independent innovation technologies. Its 3D printing technology is also industry leading. The company has successfully developed a matrix of technologies based on different sports scenes.
This transaction took almost five months from commencement to closing. JunHe’s team, as the attorneys for China Resources, participated in the full processes of due diligence, the transaction structure design and demonstration, as well as the drafting, negotiation, execution, closing and other steps. During the negotiation, the working ability of the JunHe team in considering the overall risk control and flexible design of the terms was highly recognized by China Resources and the other companies. In the end, with their rich project experience and professional, rigorous, and efficient legal services, JunHe assisted China Resources to successfully complete this transaction and won praise from all parties.
The lead partners of this project were WANG, Yi, SUN, Jiangang (Roy) and SHANG, Shiming (George).
