Private Equity/Venture Capital
Private equity/venture capital practice is one of the core businesses of JunHe. JunHe is the pioneer in this area in China. JunHe provide expertise to investors and enterprises across the various stages of private equity including the seed stage, start-up stage, expansion stage and mature stage. JunHe also provide enterprises and founders with year-round legal services regarding equity structure design and reorganization, employee equity incentives and labor/tax/data/dispute resolution. JunHe advise on domestic and overseas listings, M&A and restructuring, overall sales, buyback and other divestment, making us one of the law firms in China to provide full-process, quality, one-stop legal services.
Our Team
JunHe has dozens partners engaged in the legal services of private equity/venture capital , 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 at home and abroad, gaining solid and extensive professional knowledge as well as international insight.
The International Financial Law Review (IFLR), an international commercial lawyer rating agency, 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 and their founders, banks providing financing for M&A, and IPO underwriters. JunHe provides legal services for all stages of the lifecycle including investment, management, operation, exit, liquidation, and dissolution.
Our Services Include:
Domestic and Overseas Investment and M&A, including legal due diligence investigation, transaction structuring, drafting and negotiating legal documents, government approvals (including anti-trust reviews and ODI approvals) and closing of equity transfer. We also provide these services from the perspective of target companies and their founders.
Year-round legal services for target companies or their founders, including company establishment, equity structure design, employee equity incentives and labor/tax/data/dispute resolution.
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 overall sale, reorganization, initial public offerings, and dissolution and liquidation by investors of target companies. We also provide these services from the perspective of target companies and their founders.
Recent Representative Cases
GAC Aion's Series A Financing
GAC Aion New Energy Automobile Co., Ltd. (“GAC Aion”), 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.
Advent International investment in Seek
Advent International completed an equity investment in Seek Pet Co., Ltd. (“Seek”), a leading Chinese pet food manufacturer. This transaction involved an equity transfer and a capital increase. The project team conducted legal due diligence and played a key role in multiple rounds of negotiations with the target company and its selling shareholders. By carefully balancing the interests of the existing and founding shareholders, as well as the other investors, the team successfully facilitated the signing of the transaction documents. During the closing process, the team took the lead in handling the notification of the concentration of undertakings, completed the required filings and obtained regulatory approval within a tight timeframe. JunHe’s team ensured the smooth coordination of the signing, closing, and the remittance of the investment funds, ultimately bringing the project to a successful conclusion.
Worg Pharmaceuticals (Zhejiang) Co., Ltd.’s Series D Financing
As the exclusive legal advisor of Worg Pharmaceuticals (Zhejiang) Co., Ltd. (“Worg” or the “Company”), JunHe assisted the Company to complete Series D financing. JunHe provided full legal services for Worg in this transaction. The project took six months from startup to closing and the team conducted several rounds of communication, discussion and coordination with investors on the transaction arrangements, the transaction documents and the closing arrangements. JunHe assisted the Company in the execution of the transaction documents and the closing by virtue of their rich experience in financing projects. The team will provide on-going legal services to the Company.
