The corporate team at Penningtons Manches has advised Road King Investment and Asset Management Group Limited (Road King) on its multi-million investment in UK mixed reality company, Holovis. The team worked closely with Hong Kong based Multilaw law firm, Fairbairn Catley Low & Kong, with senior partner Billy Kong and corporate partner Christopher Yu coordinating the transaction.
Established in 2004 and with its head office in the UK, Holovis is a leader in the creation of multi-sensory immersive experiences and mixed reality solutions. The injection of funding from Road King will accelerate Holovis’ expansion plans, particularly in the Far East.
William Zen, Chairman of Road King, commented: “This partnership with Holovis, along with our other technology investments, brings a unique capability to Road King’s vision and strategy in designing and building the next-generation of visitor attractions and public venue experiences in the Far East. This investment also supports and underpins Holovis and Road King’s plans to expand into the Chinese enterprise and simulation markets, which are both showing strong year-on-year growth opportunities.”
Partner Charles Brooks led the Penningtons Manches team, assisted by associate Bryan Park.
This deal is the latest in a series of high profile corporate transactions undertaken by the firm’s corporate team. Following 140 deal completions in 2017 with an aggregate value of £1.5 billion, the team continues to build on this strong performance in 2018.
Both Penningtons Manches and Fairbairn Catley Low & Kong, a leading Hong Kong law firm, are members of Multilaw, a leading global network with top recognitions comprising independent law firms with over 9,000 lawyers in more than 150 commercial centres.