{{ languageVal }}
  • English
 

Deals

Maples Advises on First Royalty-Backed Financing in China's Biopharmaceutical Industry

04 May 2022

请点击此处阅读简体版本
請點擊此處閱讀繁體版本

Maples and Calder, the Maples Group's law firm, is pleased to have acted as Cayman Islands counsel to R-Bridge Healthcare Fund, a private fund of healthcare-focused firm CBC Group ("CBC") on a US$40 million royalty-backed financing for Yisheng Biopharma Co., Ltd., a China-based biopharmaceutical company. The proceeds will be allocated to develop the vaccines targeting COVID-19, cancer and infectious diseases.

A team based in the Group's law firm in Singapore acted as Cayman Islands counsel to CBC on this market-first transaction. The team was led by Asia Finance Partner, James Kinsley with assistance from Associate, Rebecca Lee. 

CBC is Asia’s largest healthcare-dedicated investment firm with US$5 billion assets under management. As a leading investor-operator, CBC partners with healthcare entrepreneurs and scientists to deliver innovative solutions and improve healthcare efficiency and quality for all. R-Bridge Healthcare Fund operates within the CBC platform and provides healthcare companies with bespoke, non-dilutive financing backed by Asia-sourced healthcare royalty, revenue interests and through a range of alternative financing structures, the first of its kind in the asset class in China. 

Commenting on this transaction, James Kinsley said, "China's biopharmaceutical industry has seen dramatic development in recent years and has been actively innovating in technologies, business models, and enterprise management. We are very pleased to have had the privilege of advising CBC on this ground breaking transaction as this represents the first royalty-backed financing in this industry."

CBC was advised by Sidley Austin LLP and Yisheng Biopharma was advised by Clifford Chance.

Related Services

Finance

Advising on the laws of the BVI, the Cayman Islands, Ireland, Jersey and Luxembourg, our global Finance team provides expert legal advice on even the most complex financial transactions under intense time pressure. Clients repeatedly return to our qualified finance lawyers to handle a variety of complex matters relating to acquisition and leveraged financing, asset finance, banking, debt capital markets, derivatives, fund finance, insurance linked products, Islamic finance, repackaging and structured finance. 

Fund Finance

Our global Fund Finance team of lawyers provide legal advice on the full spectrum of fund finance and related security structures for both lenders and borrowers involving BVI, Cayman Islands, Irish, Jersey and Luxembourg vehicles advising on subscription credit facilities, secured lending transactions, NAV facilities and total return swaps and other derivative arrangements.