ProfessionalsJudie Ng Shortell
Tel: +852-2846-0318
Fax: +852-3010-5795
jngshortell@paulweiss.com
jngshortell@paulweiss.com
Suites 3601-06 & 3610, 36/F
Gloucester Tower, The Landmark
15 Queen’s Road, Central
Hong Kong
Fax: +852-3010-5795
Managing partner of the China practice and a member of the Corporate Department, based out of the firm’s Hong Kong office, Judie’s practice focuses on regional private equity investments and cross-border mergers and acquisitions. Her twenty-year experience spans a broad range of industries and types of transactions, assisting numerous clients in their high-value leveraged buy-outs, privatization, spin-off, carve-outs, strategic and minority investments and exits.
Judie recently represented clients Boyu Capital, The Carlyle Group, DCP Capital, DiDi Global, General Atlantic, Hony Capital, InfraRed Capital Partners, KKR, L Catterton, Morgan Stanley PE Asia, Standard Chartered PE, State Grid, Tencent and TPG in numerous transactions.
EXPERIENCE
Judie’s recent significant transactions include advising:
TMT
- 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
- On China Mobile’s US$880 million subscription of shares in True Corporation
- DCP Capital as lead member of an investor consortium, in their US$5.7 billion take-private acquisition of 51job, Inc.
- DiDi Global:
- in the carve-out and subsequent US$1.5 billion fundraising of Didi Freight
- in the US$1.2 billion spin-off of and fundraising by Qingju, also known as Didi Bike
- in a 14.8% investment stake in Cango Inc.
- in its US$1 billion investment in Grab and the subsequent 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
- General Atlantic in its investments in various businesses in the sector, including Bytedance, Ding Dong, NetEase Cloud Music and Ximalaya
- KKR in the buy-out transaction and launch of Cue & Co. and in its investments in various businesses in the sector, including Shenzhen Suishou Technology and Voyager Innovations
- Tencent in its investments in various businesses in the sector, including Pinduoduo, KE Holdings and Zhuan Zhuan
CONSUMER AND RETAIL
- DCP Capital and KKR in their investment in Adopt A Cow
- KKR in its investments in various businesses including Gambol Pet Group, Xingsheng Preference Electronic and Zhenjiu Group
- General Atlantic in its investment in various businesses in the sector, including %Arabica coffee shop franchise businesses, that hold stores in mainland China, Hong Kong, Macau, Singapore, Thailand, Malaysia, Harmay, Judydoll, PatPat, and Today Inc.
- L Catterton Asia in its investment in Nebula Brands
EDUCATION
- KKR in the proposed buy-out transaction of Tarena International Inc and investment in Huohua Education
ENERGY AND INDUSTRIALS
- KKR in its US$794 million buy-out of NVC Lighting and formation of a joint venture with NVC International
- State Grid:
- in its US$3.04 billion acquisition of Compania General de Electricidad S.A. from Naturgy Energy
- in its US$2.23 billion acquisition of Chilquinta Energía S.A. from Sempra Energy
- in its approximately A$5 billion simultaneous acquisitions of 19.9% of the stapled securities in SP Ausnet and 60% interest in SPI (Australia)
- in its approximately A$500 million acquisition of 45.56% interest in ElectraNet
HEALTHCARE AND LIFE SCIENCES
- General Atlantic in its investments in various businesses including Adagene, Biotheus, Hutchison ChinaMediTech, Ocumension Limited and Wuxi Biologics
- KKR in its investment in Ruichen Pet Hospital Group
FINANCIAL SERVICES
- Citi in the acquisition by a Citi-led consortium of a US$3.06 billion 85.6% stake in Guangdong Development Bank
- DCP Capital in its purchase of a 32.98% stake in Datong Insurance Sales & Service Co. Ltd.
- General Atlantic in its investment in various businesses in the sector, including Pingpong
- The liquidators of Lehman Brothers in the unwinding of investments in China
REAL ESTATE AND CO-WORKING SPACE
- General Atlantic in its investments in various businesses in the sector, including MyDreamPlus
- Various private equity investors in their investments into and joint ventures with major Chinese real estate developers, including Gemdale, Longfor, Fosun, Evergrande, Moma, etc
Judie was named a “China IFLR1000 Women Leaders” by IFLR1000 in 2022. She is consistently recognized by Chambers & Partners, The Legal 500 and IFLR1000 as a leading and highly regarded lawyer for China-related private equity and Corporate/M&A work, including Chambers Greater China Region 2022 which notes Judie to be “creative, commercial and savvy in the local Chinese market context. Judie was named by China Business Law Journal’s “The A-List 2020: China’s Elite 100 Lawyers (Foreign Firms)”; and one of 2017’s Top 15 Female Lawyers in China by Asian Legal Business, a Thomson Reuters publication. She was named as one of six “Commended External Counsel of the Year, 2018” by In-House Community for China. In addition, Judie was nominated as a finalist for Dealmaker of the Year - International by Asian Legal Business China Law Awards in 2020 and 2018.
Judie is fluent in English, Mandarin and Cantonese. She is admitted to practice law in Hong Kong.