Representative Engagements

• Funds managed by affiliates of Apollo Global Management, Inc.:
  • in their acquisition of the aluminum can and aluminum rolling businesses from Showa Denko K.K., a Japanese leading producer of functional chemicals and industrial materials
  • in their acquisition of the thermal and emission control materials (MAFTEC) business from Mitsubishi Chemical Corporation and Mitsubishi Chemical High-Technica (MCHT)
  • in the formation of a $1.5 billion strategic partnership with Sumitomo Mitsui Trust Holdings, Inc. and its consolidated subsidiary Sumitomo Mitsui Trust Bank, Limited (SuMi TRUST), a Japan-based trust banking group
• Baring Private Equity Asia in its approximately US$7.5 billion sale to EQT AB
• Boyu Capital Advisory, a China-based private equity firm, in its investment in China ChengXin International Credit Rating Co. Ltd. (CCXI), the leading credit rating agency in China
• Brighton Park Capital, alongside The Carlyle Group, in its US$200 million acquisition of a minority stake in Indegene, an India-based enterprise healthtech solutions provider
• The Carlyle Group:
  • in the sale of VXI Global, a leading global business process outsourcing (BPO) service provider, through an auction process, to Bain Capital
  • alongside Meinian Onehealth Healthcare Holdings Co., Ltd., in its investment in Adicon Holding Limited, an independent clinical laboratory company in China
• D1 Capital:
  • as a lead investor in a US$150 million Series E funding in Zetwerk, valuing the company at US$1.33 billion, an India-based manufacturing startup, valuing the company at US$1.33 billion
  • alongside other investors, in the US$400 million investment in Dream Sports, an India-based sports technology company
  • alongside other investors, in the US$660 million investment in Zomato, an India-based food delivery company
  • in its investment in Geek+, a China-based intelligent logistics and storage robotics company
• DCP Capital, a China-based private equity firm:
  • as lead member of an investor consortium, in their US$4.3 billion take-private acquisition of 51job, Inc., a leading U.S.-listed, China-based provider of integrated human resource services (recognized as “2021 Deals of the Year” by China Business Law Journal)
  • in its purchase, alongside China Merchants Venture, ZWC Ventures and Huagai Capital, of a 32.98% stake in Datong Insurance Sales & Service Co., Ltd. from Anxin Trust
  • in its transactions involving its portfolio companies across multiple industries in Greater China including Consumer and Retail (Adopt A Cow and Xingsheng Preference), Manufacturing (Beijing Oriental Yuhong Waterproof Technology) and Real Estate (Hotwon)
• DiDi Chuxing, a China-based mobile transportation platform: 
  • in the carve-out and subsequent US$1.5 billion fundraising of its freight business Didi Freight
  • as the lead investor, alongside SoftBank Group Corp., a Japan-based telecommunications and Internet firm, in a US$2 billion financing round of investment in Grab, Southeast Asia’s leading ride-hailing company (recognized as “Best Singapore Deal” by FinanceAsia Achievement Awards 2017)
  • as significant existing shareholder of Grab, in the acquisition by Grab of Uber's Southeast Asian operations
• General Atlantic:
  • as lead member of an investor consortium, in the US$8.7 billion take-private acquisition of 58.com, a China-based online classifieds marketplace (recognized as “Private Equity Deal of the Year” at Mergermarket China M&A Awards 2020, “2020 Deals of the Year” by China Business Law Journal, “Venture Capital/Private Equity Deal of the Year” at FinanceAsia 2020 Achievement Award and “Private Equity Deal of the Year” at IFLR’s 2021 Asia-Pacific Awards)
  • in its transactions involving its portfolio companies across multiple industries and geographical locations in Greater China and India including Consumer and Retail (%Arabica, Dingdong, Harmay, Judydoll, PatPat, Reliance Retail Ventures and Today, Inc.), Education (Little Golden Star Education Group), Financial Services (Pingpong), Healthcare (Adagene, Biotheus, Hutchison China MediTech Limited, Ocumension Limited and Wuxi Biologics), and Internet and TMT (Jio Platforms, NetEase Cloud Music and Ximalaya FM)
• GIC, Singapore’s sovereign wealth fund,
  • alongside NavInfo Co., Ltd, a China-based provider of digital maps and location services, and Tencent Holdings Limited, a China-based provider of diversified technology internet services, in its purchase of a minority investment in HERE, a Netherlands-based Open Location Platform company, from BMW, Daimler and AUDI, Germany-based carmakers
  • in its €1.8bn acquisition with Hellman & Friedman of Allfunds Bank, S.A., a leading global financial solutions company, from Intesa Sanpaolo Group, Santander Group, General Atlantic and Warburg Pincus
  • in the strategic partnership between its portfolio company, Allfunds, a leading wealthtech company with the world’s largest fund distribution network and BNP Paribas to create a world leading fund and wealthtech platform
  • in the merger of its portfolio company Allfunds, a wealthtech company with the world’s largest fund distribution network, with Credit Suisse InvestLab, the B2B investment fund platform of Credit Suisse
• KKR:
  • in its US$794 million acquisition of a majority stake in NVC Lighting Holding Limited, a China-based provider of lighting products and solutions, and formation of a strategic partnership with NVC
  • in its investment and launch of Cue & Co., a one-stop digital marketing company for the Chinese market, bringing together four industry leaders, Qi-xin, AnG, WIN and Wina Tech to create a multi-brand company with wide-ranging digital marketing capabilities
  • in its transactions involving its portfolio companies across multiple industries and geographical locations in Greater China and the wider APAC region including Consumer & Retail (Adopt A Cow, Gambol Pet Group, Xingsheng Preference and ZJLD)
• L Catterton Asia as the lead investor in its investment in in a series B financing round of over US$50 million in Nebula Brands, a leading Chinese Amazon vendors aggregator
• Mitsubishi Chemical Corporation, a Japan-based chemical materials company:
  • and its subsidiary Life Science Institute Inc. in connection with its strategic capital alliance with PHC Holdings Corporation
  • in the acquisition of the limited liability company interests of SGL Carbon Fibers LLC, a Wyoming-based carbon fiber production base of the German-based SGL Group
  • in its acquisition of Gelest, Inc., a Pennsylvania-based innovator, manufacturer, and supplier of silicones, organosilanes, metal-organics and specialty monomers for advanced technology end markets, from New Mountain Capital LLC
• Ontario Teachers’ Pension Plan, Canada’s largest single-profession pension plan, in its investment alongside FountainVest Partners, a Hong Kong-based private equity firm, in The Pure Group, a Hong Kong-based fitness and yoga center operator and wellness brand
• PAG in its investment in Joyson Key Safety Systems, a Michigan-based developer and manufacturer of automotive safety systems. As part of the transaction, Joyson Key Safety Systems acquired assets from Takata Corporation out of cross-border bankruptcies in the United States and Japan for US$1.58 billion
• Prosus N.V. in its disposal and placing of approximately 2% of the issued shares of Tencent Holdings Limited, a Chinese technology conglomerate listed on the Hong Kong Stock Exchange
• SoftBank Vision Fund, alongside various global investors, in the US$1.9 billion investment in Full Truck Alliance, a China-based truck-hailing company
• State Grid International Development Limited, a China-based utilities company:
  • in its US$3.04 billion acquisition of Compania General de Electricidad S.A. (CGE) from Naturgy Energy Group S.A. (recognized as “2021 Deals of the Year” by China Business Law Journal)
  • in its US$2.23 billion acquisition of Chilquinta Energía S.A. from Sempra Energy
• Showa Aluminum Can Corporation, a portfolio company owned by funds managed by affiliates of Apollo Global Management, Inc., in its acquisition of the aluminum rolled and extruded products business of Mitsubishi Aluminum Co., Ltd., a wholly owned subsidiary of Mitsubishi Materials Corporation, and of all shares of aluminum beverage can manufacturer Universal Can Corporation from its current shareholders Mitsubishi Materials and Hokkan Holdings Limited
• Tencent, a China-based provider of internet value-added services, on a number of key transactions in Greater China and across the globe across multiple industries including:
  • its acquisition in Consumer & Retail (US$604 million in Vipshop), Finance (US$550 million in Yixin Capital), TMT (Grinding Gear Games and Skydance Media)
  • in investments in Consumer & Retail (Pinduoduo, Zhuan Zhuan) and TMT (HUYA, Kuaishou, Wattpad)
• TPG and Hony Capital, as major shareholders of STX Filmworks, Inc., in the merger of equals between STX Entertainment, a California-based global media company specializing in the production, marketing and distribution of talent-driven motion picture, television and multimedia content, and Eros International Plc, an India-based entertainment company that acquires, co-produces and distributes Indian films
• Wanda Sports Group, a China-based global sports events, media and marketing platform, in its initial public offering of US$190.4 million of American Depositary Shares, lead managed by Morgan Stanley, Deutsche Bank and Citigroup