NORMAN ZHONG Partner, Fangda Partners

Transcription

1 NORMAN ZHONG Partner, Fangda Partners PRACTICE AREAS MR. NORMAN ZHONG HAS EXTENSIVE EXPERIENCE IN THE AREAS OF MERGERS & ACQUISITIONS/FDI, PRIVATE EQUITY, CHINESE OUTBOUND INVESTMENT, FUND FORMATION AND CORPORATE FINANCE. Professional Background Norman has represented many major financial investors in their China related acquisitions and investments. Recent transactions include: Representing Hillhouse Capital in various investments (2018); Represented a consortium of investors led by Standard Chartered Private Equity in (i) their leveraged buyout of Siyanli, a high end beauty service enterprise, for more than USD200 Million and related acquisition financing ( ), (ii) their trade sale of majority interests in Siyanli to a group of private equity investors and minority interests in Siyanli to CHJ Jewelry, an A share listed company in a share swap ( ); Represented Standard Chartered Private Equity and Boyu Capital in their investments in and restructuring of Honeymoon Dessert (Manji) (2016); Represented Blackstone/Catalent Pharma Solutions, in Catalent s acquisition of Zhejiang JYT Bio Technology Ltd. (2013); the subsequent strategic reorganization ( ); represented Catalent in its sale of JYT to Aland Nutrition Holding ( ); Represented an investor consortium led by China Life Private Equity and a state owned investment holding company in a more than $500 million Series A financing of Shanghai United Imaging Healthcare, a leading China medical imaging device company (2017); Representing China Life private equity in various funds and downstream direct investments (with a focus in health care sectors) ( ); 1

2 Represented Oriza Capital and its affiliates in various investments, including in internet finance company, medical technology company and drone company ( ); Represented Goldman Sachs PIA in its investment in Songhe Liquor and various related exit efforts ( ), its exit from Kouzi Liquor (603589) and its exit from Qianhe Condiment and Food (603027), its approximately USD960 million strategic investment in Taikang Life Insurance Company (2011); Represented NewQuest Capital Partners in various private equity secondary acquisitions in China, including Kidswant and matters related to its portfolio companies ( ); Represented Yunfeng in its investment in various companies including Ant Finance; Represented Citic PE in its investment in certain medical investment management company ( ); Representing FFH in its joint acquisition (with Bank of China) of the village bank portfolio from a major PRC bank (2018), and 15 village banks from China Development Bank (2017); Represented Temasek/FFH in its various joint ventures with Bank of China in the village banking sector, including the formation of BOC Fullerton Community Bank ( ); Represented Temasek in the pre-ipo lead investment (together with Citic PE, Kerry and IDG) in Vancl, the leading Chinese B2C operators, for USD230 million (2011); Representing LTW Capital in its going private transaction of Qihoo 360 and ikang Healthcare ( ); Represented the investor consortium including Carlyle, FountainVest and Fosun in the going private and back-door listing transaction of FocusMedia (2015); Represented Carlyle in various onshore investments and exits (including Shenzhen Ellassay (Stock Code: ) and Nanning Waterworks (Stock Code: ); Represented Boyu Capital in its investment (as part of a consortium of investors composed of KKR, Baring, HOPU and Boyu) in COFCO Meat, a leading integrated pork company (2014) and other investments; Represented Franklin Templeton Darby Private Equity in various financial investments; Represented RongRui Fund, an affiliate of ICBC International, in its RMB7.1 billion investment in Meidi Group (2011); Represented TPG RMB fund in its investment in the financial services sector ( ), its exit from the investment (2016) and in its investments in the energy, consumer products (including Daphne International) sectors ( ); Represented TPG and KKR in their purchase of equity interests in CICC, one of 2

3 China's leading investment banks, from Morgan Stanley (2010); Represented Vision Knight Capital in a series of acquisitions including the investment in Cartelo Crocodile (2011) and various exits (2016); and Represented Abax Global Capital in the going private transactions of Yongye, a Nasdaq listed company, (2013) and the going private transactions of Fushi Copperweld, a Nasdaq listed company (2011). Other major financial clients include AEA, MBK, Overlook Partners and PAG. Representing new economy and private growth company in their investments. Recent transactions include: Representing Alibaba in (i) its RMB28.23 billion (US$4.63 billion) investment for a 19.99% stake in and Suning Commerce Group Limited and (ii) Suning Commerce Group Limited s RMB14 billion (US$2.28 billion) investment in Alibaba, (iii) joint venture with Suning (2015); Represented Alibaba in various cross border joint venture initiatives, including its more than RMB3 billion investment (together with Tencent and Oriza) in China Media Capital (2015) and subsequent investments ( ); Represented Alibaba in various investments and joint ventures in the new retail sector; Represented Fliggy, an affiliate of Alibaba in its joint venture with Marriott (2017); Represented Aupu Group (HKSE: 00477) in its delisting from the Hong Kong Stock Exchange (2016), subsequent investments by various PE firms (2017) and listing on the A share stock exchange ( ); Represented the largest US artist and sports agency, Creative Artists Agency, in the investment by CMC in CAA and business cooperation (2017); Represented CAA and CMC in various investments in culture and entertainment business ( ); Represented Pacific Online in its investment in ejauto.cn; Represented Singulato, an electric car company, in its various rounds of financing ( ); Represented Envision Energy in its financing projects ( ); Represented Youzu Interactive Co in its investments (2017); and Represented Ant Finance in several investments ( ). Norman has advised multinational strategic investors in their acquisitions, joint ventures and investments. 3

4 Recent transactions include: Represented Swire Pacific Limited (HKSE: 00019) in various projects in aircraft engine repair, industrial real property and paint sectors ( ); Represented Swire Beverage, a subsidiary of Swire Pacific (HKSE: 00019), in its (i) acquisition of equity interests in the bottling operations from The Coca-Cola Company, (ii) acquisition through auction of equity interests in the bottling operations from COFCO Coca-Cola Beverages Limited, a ultimate subsidiary of state-owned COFCO Corporation, (COFCO) and (iii) disposal of equity interests in certain bottling operations to COFCO ( ); Represented SK Innovation in its battery joint venture with Beijing Automotive Group and Beijing Electronics (2017) and SK Global Chemical in an aborted acquisition; Represented DürrAG in selling 85% of the shares in the Dürr Ecoclean Group to Shenyang Blue Silver Group (300293) in a material asset reorganization of SBS with a consideration more than 100M ( ); Represented Visa, Inc. (NYSE: V) in strategic initiatives in the bank card clearing sector; Represented Danaher Corporation in its acquisition of Tianjin Bonna-Agela Technologies Co., Ltd under its Beckman unit (2015), in the sale of certain business line under its Kollmorgan unit (2014) and its various other acquisition attempts in China; Advising GE Aviation on various issues related to its joint venture with Aviation Industry Corporation of China (2013); Represented GE Capital in its lease finance joint venture with State Grid (2010); Represented GE Capital in its disposal of 50% equity interests in Yingda International Leasing Co., Ltd. to affiliates of State Grid (2016); Represented GE Oil & Gas in its purchase of Reciprocating Compression business from Cameron for cash consideration of approximately $550 million and its sale of the Wayne fuel dispensers and forecourt technologies business to Riverstone in a deal valued at more than $500 million (2014); Represented GE Power & Water in (i) the China aspect of its acquisition of Alstom s energy business for an estimated $17 billion, including its mandatory tender offer obligation related to WBC, an B share company listed in the Shenzhen Stock Exchange (2014) (ii) its RMB3,383 million strategic investment in China XD Electric Co., Ltd., one of the largest investments in a Chinese listed company by a multinational company, joint venture with XD and global commercial co-operations (2012); Represented Greiner Perfoam GMBH in its joint ventures in China with Changshu Automobile Trim Co., Ltd. (2016); 4

5 Represented Ahlstrom in various acquisition and joint venture projects in Binzhou and LongKou, both in the Shandong province ( ); Represented Cargotec in its joint ventures with Sinotruk Group in Shandong (2012) and Jiangsu Rainbow Heavy Industries Co., Ltd in Jiangsu (2011); Represented China Export Bank, JPMorgan, Hainan Airlines, Siemens and other sponsors in the formation of the first Sino-foreign joint venture credit guarantee company with a registered capital of approximately RMB5.1 billion (2012); Represented China Resources Enterprise in its acquisition of Tesco s China business and the subsequent $16.2 billion joint venture with Tesco, the largest Sino-foreign joint venture in the China retail sector (2013); Represented Jin Jiang International in acquisitions of Groupe du Louvre from Starwood Capital for more than 1.2 ( ); Represented Yili Group in various overseas acquisitions including the acquisition of Oceania Dairy Limited (2013); Represented Philips (Lighting) in a strategic joint venture project with Shenzhen SED Industry Co Ltd. (2013); Represented Philips (Consumer Lifestyle) in its acquisition of a leading Chinese kitchen appliance company, Povos Electric Appliance (Shanghai) Co., in a transaction valued at more than RMB2 billion (2011); and Represented Siemens related to its wind power-related joint ventures with Shanghai Electric, a state-owned listed company ( ). Other major industry clients include Aker Solutions, Ashmore, Hines, Kvaerner, Nan Fung Group, Related Companies and Singapore Airline. Norman also has extensive experience in fund formation practice and is the main coordinator for the Shanghai based fund practice. Norman has been invited as an expert to participate in the private equity fund legislative efforts of the Shanghai municipal government. Recent transactions include: AMP: the formation of a joint venture fund; Darby Private Equity: formation of a RMB fund; Fosun: formation of RMB funds Golden Brick Capital: formation of FIP and RMB funds Guohe: formation of a real estate fund; Guosheng and CLSA: formation of a joint venture fund; 5

6 ICBCI: formation of its various RMB funds in China; Oriza: formation of its various RMB and USD funds; TPG: formation of its RMB funds in Shanghai and Chongqing; VKC: formation of the first USD fund; and Yunfeng: formation of its RMB funds. Before rejoining Fangda Partners, Norman worked in the M&A and Corporate Finance departments of Sullivan & Cromwell and Skadden Arps both in New York. When practicing in New York, Norman worked on many US public and private M&A transactions and public and private offerings of equity, debt and convertible securities, particularly in the energy and financial institutions sectors. Norman graduated with a JD degree from Columbia University School of Law where he was a Kent Scholar (highest distinction). Norman also holds a master of law degree with distinction from Fudan University School of Law and a bachelor of law degree from the University of International Business & Economics (highest distinction). Norman has been recognized as a Leading Lawyer in China under the categories of Mergers & Acquisitions and Private Equity/Venture Capital by the IFLR The Guide to the World's Leading Financial Law Firms (for every year since 2011) and Mergers & Acquisitions in Chambers 2017 and Norman also authored the China chapter of the 10 th edition of the Mergers & Acquisitions Review. Norman is admitted to practice in the PRC and the State of New York. 6