Conyers provided British Virgin Islands and Cayman Islands legal advice to CICC Hong Kong Finance (Cayman) Limited in connection with its US$40 million senior-share backed loan facility granted to Luckin Coffee Inc. (“Luckin Coffee”).

Luckin Coffee was founded in Beijing in October 2017. In January 2019, Luckin Coffee announced its high-growth strategic plan to open 2,500 stores in order to surpass Starbucks to become the biggest coffee brand in China by the end of the year.

Counsel Wynne Lau and Associate Cathryn Minors of Conyers’ Hong Kong office advised on the matter, working alongside Davis Polk & Wardwell, and Slaughter and May.

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