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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.

全球领先的律师事务所史密夫斐尔于深圳市天图投资管理股份有限公司(01973.HK)在香港联交所主板上市的项目中担任联席保荐人华泰金融控股(香港)有限公司和中银国际亚洲有限公司的律师并提供法律服务。

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.

天图投资是一家致力于推动中国消费品牌和公司发展的领先私募股权投资者及基金管理人。公司为机构投资者及高净值人士管理资本,并通过其在管基金及直接使用的自有资金进行投资。天图投资是中国第一家专注于消费的投资公司,十多年来一直专注于消费行业投资。自2020年至2022年,天图投资于中国消费行业的投资项目数量在所有私募股权投资者中排名第三,同期,在所有专注于消费的私募股权企业中排名第一;公司截至2022年12月31日的资产管理规模在中国超过7,000名私募股权投资者(包括企业集团、跨国公司及国有金融机构的私募股权投资部门)中排名130+,及在中国超过20家专注于消费的私募股权企业中排名第二。

史密夫斐尔中国管理合伙人艾迈修表示:“天图投资是中国领先的私募股权公司,祝贺公司在联交所上市。我们非常荣幸在这次IPO中与天图投资和保荐人合作,衷心祝愿他们不断取得成功。”

史密夫斐尔在为保荐人和承销商就香港IPO上市提供法律服务方面处于市场领先地位。根据瑞恩资本(Ryanben Capital)的数据,本所在过去两年里为17家公司在香港上市提供法律服务,在香港65家国际和本土律所中名列第三。

合伙人谢守德表示:“天图投资是第一家在联交所上市的中国私募股权公司,折射了粤港澳大湾区蓬勃发展的商业经济。”

大湾区的商业生态系统覆盖众多行业,其欣欣向荣,与中国私募股权行业的发展,以及香港上市这一退出通道,都息息相关。今年,史密夫斐尔也在为另外一些大湾区企业IPO上市提供服务,涉及行业包括科技、消费以及医疗健康。

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。

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Matthew Emsley photo

Matthew Emsley

Managing Partner, China, Hong Kong

Matthew Emsley
Stanley Xie photo

Stanley Xie

, Hong Kong

Stanley Xie
Jin Kong photo

Jin Kong

Senior Foreign Registered Lawyer (USA – New York), Hong Kong

Jin Kong

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Sally Greig

Head of Communications, Asia

Hong Kong

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Vivian Huang

Communications Manager, China

Beijing