Three Firms Lead Chinese Med-Device Company’s SPAC Merger in US

July 3, 2023, 10:45 AM UTC

At least three law firms are advising in Chinese medical technology firm Baird Medical Investment Holdings Limited’s go-public merger with a special purpose acquisition company in a deal valuing the post-merger company at $370 million.

Dechert LLP is advising Guangzhou, China-headquartered Baird Medical, while Shearman & Sterling is counseling the San Francisco-based SPAC, ExcelFin Acquisition Corp. ExcelFin’s sponsors include private equity firm Grand Fortune Capital, LLC, an affiliate of a Hong Kong investment firm, and Fin Venture Capital, a San Francisco-based private equity firm.

Ropes & Gray is representing ExcelFin’s lead financial and capital markets adviser, Cohen & Company Capital ...

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