TransAsia represents private equity funds, venture capital funds, hedge funds and investee entities on both domestic and cross-border investment activities involving China. These include portfolio company investments, exit transactions (including initial public offerings), recapitalizations and M&A transactions. We represent local start-ups as well as mature companies, investors as well as investees.

As one of the earliest local firms to advise on private equity and venture capital transactions under Chinese law, TransAsia enjoys a reputation for experience, effective solutions and strategic thinking.  We operate across a wide array of industry sectors, such as IT & telecoms, media, real estate, education & vocational training, retail, mining, renewable energy and public utilities.

Client Services

• Target identification and selection
• Legal due diligence
• Structuring
• Documentation and negotiation
• Advising on post-financing operational issues (employment, IP protection, regulatory issues, licenses and permits)
• Implementing exit strategies
• Crisis management

Our private equity & venture capital team works closely with our corporate and commercial, intellectual property and employment practices. This multi-disciplinary approach enables us to provide comprehensive, integrated assistance and to design and implement sophisticated structures.

Representative Transactions

Investors 

• Served as PRC counsel for Tiger Global and Tiger Technologies (leading private equity fund) in their major private equity investments in China, including for:
  • Joyo.com (leading B2C e-commerce company)
  • Dangdang.com (leading B2C e-commerce company)
  • ChinaEdu (largest online university in China)
  • Carling Technology Limited (leading bio-diesel oil company)
  • Impel Media Limited (leading outdoor media company)
  • New Oriental (largest foreign language training institution in China)
  • Shanxi Qinhe (mining company)
  • Dulwich (leading private school)
• Advised CDH Fund on its investment in AirTV (leading out-of-home media company)
• Served as PRC counsel for Blue Ridge China, a leading U.S.-backed private equity fund, on its investments in several portfolio companies in China, including for:
  • Xinyuan Real Estate (first real estate company in Asia to list on the NYSE)
  • a commercial real estate developer focused on secondary cities
  • a petroleum equipment manufacturer
  • a private petro-chemical company
  • 2 leading private higher education institutions
• Served as PRC counsel for Lightspeed, a leading U.S. venture capital group, on its Series A investment in an online advertising company
• Represented Taishan Invest AG, a Swiss-based angel investment fund, for its investment in Qoolu Networks Inc.  
• Served as PRC counsel for Bertelsmann Digital Media Investments, on its Series B investment in Yoho media
• Represented Spark Capital and Gobi Ventures for their investment in 8D World (online education platform developed for English language study)
• Served as PRC counsel for Mustang Ventures, on its Series A investment in Madeforchina.com (CPA marketing platform)
• Served as PRC counsel for Pantheon Capital, on its pre-IPO investment in a leading flooring solutions provider in China

Investees

• Advised Youku.com (leading video sharing website in China) on its last 2 venture capital financing rounds led by Bain Capital and Maverick Capital with a total investment value of US$55 million, as well as its US$10 million venture debt and leasing facility
• Represented OPI (whose 2 flagship companies are the leading community websites in China: Mop.com and Xiaonei.com) on a US$430 million investment by Softbank, the largest investment to date in the SNS sector
• Advised Xinyuan Real Estate on its offshore US$100 million bond financing (Series D) and subsequent IPO on the NYSE
• Advised Qunar.com (largest online travel search engine in China) on its seed financing and subsequent venture capital financing rounds by GSR, Mayfield, Tenaya Capital and Granite Global Ventures

Representative Clients