Leading international law firm Herbert Smith Freehills has advised Huatai Financial Holdings (Hong Kong) Limited and BOCI Asia Limited as joint sponsors of Tian Tu Capital Co., Ltd. (01973.HK)'s listing on the Main Board of the Hong Kong Stock Exchange today.
Tian Tu Capital is a leading private equity investor and fund manager committed to driving the growth of Chinese consumer brands and companies. The company manages capital for institutional investors and high-net-worth individuals, investing both through its funds under management and by deploying its own capital. Tian Tu Capital was the first consumer-focused investment firm in China, and has been specialising in investments in the consumer industry for more than a decade. The number of its investment projects in China’s consumer industry from 2020 to 2022 ranked no. 3 among all private equity investors, and ranked no. 1 among all consumer-focused private equity firms over the same period; its assets under management as of December 31, 2022 ranked 130+ among more than 7,000 private equity investors in China, including private equity investment arm of conglomerates, multinational corporations and state-owned financial institutions, and no. 2 among more than 20 consumer-focused private equity firms in China.
"We congratulate Tian Tu Capital, one of China's leading private equity firms, on its listing on the Hong Kong Stock Exchange," said China Managing Partner Matt Emsley. "We are delighted to have worked with the company and its joint sponsors on this IPO and wish them continued success."
Herbert Smith Freehills leads the legal market in advising sponsors and underwriters on Hong Kong IPOs. In the past two years, the firm has advised on 17 successful listings in Hong Kong, ranking third among 65 international and local law firms in Hong Kong, according to Ryanben Capital.
"Tian Tu Capital is the first of China's private capital funds to list on the Hong Kong Stock Exchange, and is part of the booming business economy of the Greater Bay Area (GBA)," said Partner Stanley Xie.
China's private capital industry and investor exits through Hong Kong listings are critical to the success of the GBA business ecosystem across industries. Our team is working on a number of other GBA-headquartered IPOs during this year across technology, consumer and healthcare.
Partners Matt Emsley, Stanley Xie and Jin Kong jointly led a cross-office team advising the joint sponsors, assisted by Agatha Shen (International Partner), Ting Wang (Associate) and Katherine Chen (Legal Assistant) from the Shanghai joint operation office, and Kristina Li (Associate), Sean Gao (Registered Foreign Lawyer), Samuel Au (Associate), Kate Lam (Paralegal), Emily Wan (Paralegal) and Dorothy Wong (Paralegal) from the Hong Kong office. Sean Ji (Counsel), Angela Yuen (Associate), Gigi Lo (Associate), Christina Wang (Associate) and Ariel Wong (Trainee Solicitor) also provided support.
Legal manager Marine Jin led Herbert Smith Freehills Kewei Joint Operation’s Alternative Legal Services business to provide high-efficiency solutions for verification and other document-intensive processes during the listing, assisted by legal analysts Chunqin Li and Ling Sun.
合伙人艾迈修、谢守德和孔瑾率领多地办公室的律师团队为此次上市的联席保荐人提供法律服务。主要团队成员包括：上海联营办公室沈雪琦(International Partner)、王婷(Associate)和陈旖珏(Legal Assistant)；以及香港办公室李天恩(Associate)、高炜华(Registered Foreign Lawyer)、区健聪(Associate)、林乐彤(Paralegal)、温颖淘(Paralegal)和黄心驰(Paralegal)。季晓源(Counsel)、阮颖欣(Associate)、卢淑妍(Associate)、汪永芳(Associate)和黃靖瑜(Trainee Solicitor)提供支持。
金燊(Legal Manager)率领的科伟史密夫斐尔联营办公室替代性法律服务(ALT)联合团队在上市项目期间为招股书验证及其他文件密集型工作提供高效率的解决方案。李纯沁(Legal Analyst)和孙泠(Legal Analyst)提供支持。