Private Equity/Venture Capital

JunHe’s private equity/venture capital practice is one of our core businesses and we are pioneers in this area in China.  We are able to not only provide investors and enterprises with expertise in the various stages of private equity including the seed stage, start-up stage, expansion stage and mature stage, but also advise on IPOs, M&A and restructuring, buyback and other divestment, making us one of the law firms in the country able to provide full-process, quality, one-stop legal services.

Our Team

JunHe has dozens partners dedicated to private equity/venture capital law, some of them with over 20 years of experience.  Many of our partners have practiced in famous international and domestic law firms, large financial institutions or investment institutions both in and outside of China, gaining solid and extensive professional knowledge as well as international insight.

The International Financial Law Review (IFLR), an international legal publication, has for many years consistently awarded the “Top Recommended Law Firm” in private equity in mainland China, to JunHe’s private equity/venture capital team for its fabulous performance and reputation.

Core Areas of Practice

Clients represented by JunHe include private equity/venture capital funds, as well as target companies, banks providing financing for M&A, and IPO underwriters.  JunHe provides legal services for all stages of the lifecycle including investment, management, exit, liquidation, and dissolution.

Specifically, Our Services Include:

  • Domestic and Overseas Investment and M&A, including legal due diligence investigation, assistance in satisfying regulatory requirements, investment structuring, drafting and negotiating legal documents, government approvals (including anti-trust reviews and ODI approvals) and closing of equity transfer.

  • Domestic and Overseas Leveraged Acquisition, including financing structuring, collateral arrangements, drafting and negotiating legal documents, government approvals, collateral registration and the issuance of bonds in the securities market.

  • Divestment, including sale of businesses, initial public offerings by investors of target companies, etc.

Recent Representative Cases

GAC Aion's Series A Financing 

GAC Aion New Energy Automobile Co., Ltd., is a new energy auto brand owned by GAC Group. It successfully obtained investment from 53 new strategic investors and completed its Series A financing of approximately RMB 18.3 billion, with the post-investment value of approximately RMB 103.3 billion.  The financing is the largest single private placement in the Chinese new energy auto industry in recent years.  In this Series A financing, JunHe on behalf of GAC Aion, participated in the design and demonstration of the transaction plan, conducted the vendor due diligence, drafted and negotiated the transaction documents, demonstrated and reviewed the shareholder eligibility, and performed the procedures for trading on an equity exchange and the closing of the transaction.

Abogen Therapeutics’ Series C and C+ Financing

Abogen Biosciences is a clinical-stage biotechnology company advancing mRNA-based therapeutics for the treatment of cancer and infectious diseases.  Since its establishment in early 2019, Abogen has developed its own mRNA technology platform and proprietary delivery system.  JunHe advised the lead investor Temasek in the Series C financing in a total amount exceeding US$ 700 million.  JunHe provided legal services for the entire process of this deal, including legal due diligence, patent due diligence and FTO analysis, the review and negotiation of the transaction documents and the closing.  JunHe also assisted Temasek in reviewing the transaction documents for the Series C+ financing.

JunHe assisted China Capital Investment Group in its investment in Zhejiang Leapmotor Technology Co., Ltd.

Zhejiang Leapmotor Technology Co., Ltd. (“Leapmotor”) is a smart EV company with the ability to research and build its own vehicles in all areas, covering smart EV design, R&D and manufacturing, intelligent driving, electrical engineering & motor control, battery system development and cloud computing-based Internet of Vehicles solutions.  It submitted to the Hong Kong Stock Exchange the application for IPO on March 18, 2022. This project is the round Pre-IPO financing of Leapmotor, with a financing amount of more than RMB 4.5 billion, led by China Capital Investment Group.  In this project, JunHe assisted China Capital Investment Group in the legal due diligence investigation into Leapmotor, drafting, negotiation and modification of transaction documents, and closing matters.