ProfessionalsJudie Ng Shortell
Tel: +852-2846-0318
Fax: +852-3010-5795
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
- China Mobile in its 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.
- in the acquisition of MFS Technology, and the subsequent sale of the company and its subsidiaries through a transaction valued up to US$460 million
- 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
- Berlin Packaging in its acquisition of Nest-Filler
- DCP Capital in its acquisition of Cargill Protein China from Cargill
HEALTHCARE AND LIFE SCIENCES
- General Atlantic:
- in its investments in various businesses including Adagene, Hutchison ChinaMediTech, Ocumension Limited and Wuxi Biologics
- in its investment in Biotheus, and its subsequent sale to BioNTech
- KKR in its investment in Ruichen Pet Hospital Group
- General Atlantic in its investment in Biotheus, and its subsequent sale to BioNTech
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 by China Business Law Journal’s “The A-List” in 2020, 2023 – 2024, and “China IFLR1000 Women Leaders” by IFLR1000 in 2023. She is consistently recognized by Chambers, 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 2024 which notes Judie to be “very measured. She's seen it all, so she is not fazed. If there is a bit of a judgement call on what's really important, she's good at helping us navigate that.”; 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 in China. In addition, Judie was nominated as a finalist for “Dealmaker of the Year – International” award category by Asian Legal Business since 2018.
Judie is fluent in English, Mandarin and Cantonese. She is admitted to practice law in Hong Kong.