Bank of China, the only Chinese bank in a bank consortium, took the lead in a cross-border syndicated loan project for Carlyle Group's acquisition of Surventis. The syndicated loan was denominated in US dollars, euros, and renminbi, with a total transaction amount of EUR 7.7 billion.

The project is a major M&A deal in the global high-end manufacturing sector. In response to challenges in cross-border M&A — including complex transaction structures, cross-jurisdictional compliance inspections, and multi-currency conversions — BOC actively took the lead in the bank consortium and leveraged its advantages in cross-border M&A, building a new financing structure that split off RMB-denominated loans from the international syndicated facility.

The solution helps enterprises hedge against exchange rate risks while forming a cross-border financing transaction closed-loop across multiple regions and currencies, expanding RMB use from trade settlement to global capital financing and cross-border industrial restructuring, and enhancing RMB's international recognition and cross-border pricing influence.

In recent years, BOC has served as the lead bank in bank consortia or acted as a sole participating bank in numerous RMB-10-billion-level M&A projects, with the number of transactions increasing and the financing scale growing.

BOC has leveraged its multi-currency and cross-market capabilities, offering full-process and integrated financing solutions for enterprises' cross-border M&A, global resources integration, and global expansion.

Driven by technology, BOC has offered "consulting + financing + investment" solutions to enterprises, helping them to perform technology upgrading, industrial integration, and efficiency improvement through M&A.

BOC will continue to deepen its presence in cross-border RMB finance and the industrial M&A finance sector, promoting the international use of RMB and high-level financial opening-up through its high-quality cross-border financial services.

The Carlyle Group is a global investment firm, headquartered in Washington DC, the United States. It allocates private capital and conducts operations through three core businesses: global private equity, global credit, and investment solutions.

Surventis, the former BASF Coatings business, headquartered in Munster, Germany, specializes in metal and plastic surface treatment, protection, and sealing, and vehicle painting.