Private Equity

Overview

Our Private Equity practice has been recognized internationally by the International Financial Law Review 1000 (IFLR1000) and the Legal 500 as a market leading practice together with our Mergers and Acquisitions practice. We have been advising private equity funds and their sponsors on Hong Kong regulatory requirements for over 15 years. Our clients have ranged from start-ups to established private equity firms with over US$60 billion of assets under management.

Our work includes advising on the following:

  • Private equity fund formation, including helping private equity firms and sponsors, or general partners (“GPs”), in Hong Kong on the selection of jurisdiction and type of fund vehicle, whether a Cayman limited partnership, a Hong Kong limited partnership fund structure or otherwise, and advising on the establishment of investment operations in Hong Kong, the raising of capital, the deployment of capital, ongoing portfolio management and exit strategies

  • Onboarding of private equity investors, including assisting both private equity sponsors and limited partner (“LP”) investors, the former in preparing limited partnership agreements (“LPAs”), subscription agreements, private placement memoranda (“PPMs”) and other offering documents, and on the latter in the review of LPAs and PPMs, the negotiation of side letters and the conduct of due diligence ahead of any possible commitment to the private equity fund

  • Taxation of private equity funds, including tax planning advice to minimize HK tax on the GP & LPs and upstream distributions, management fees and carried interest

  • Private equity investments, including advising clients in respect of portfolio investments, pre-IPO structure as well as co-investments with LPs and helping sponsors negotiate deal structure and terms of investments and prepare transactional documents, including letters of intent (“LOIs”), sale and purchase agreements (“SPAs”), shareholder agreements ("SHAs"), convertible bond (“CB”) deeds and instruments, loan agreements, security documentation for the creation of fixed charges, floating charges, mortgages and other security interests, shareholder agreements, option agreements and key executive employment agreements

Experience

Lead counsel to a private fund with US$700mn AUM in connection with a US$50mn capital raise for a portfolio company

Co-counsel to US private funds manager on an investment into a Hong Kong private equity real estate fund manager with US$450 million of assets under...

Awards

Chambers and Partners

Investment Funds

Leading Practice

Chambers and Partners

Investment Funds

Leading Individual

Chambers and Partners

Investment Funds

Leading Lawyer

IFLR 1000

Mergers and Acquisitions

Leading Practice

IFLR 1000

Mergers and Acquisitions

"Positively Ranked"

IFLR 1000

Private Equity

Leading Practice

IFLR 1000

Private Equity

"Positively Ranked"

Legal 500

Investment Funds

“Recommended Practice”

Asialaw Profiles

Mergers and Acquisitions

Leading Practice

Asialaw Profiles

Mergers and Acquisitions

"Recommended"

Asialaw Profiles

Corporate

Leading Practice

Asialaw Profiles

Corporate

"Recommended"

Asialaw Profiles

Private Equity

Leading Practice

 

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