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[9-25-14]
Han Yi Closed Several Major Investments for World Class PE Funds in Medical and Healthcare Industries of China
China¡¯s medical and healthcare industries have become a hot spot in the M&A and PE investment market in recent years due to their significant growth potential. As an experienced law firm in the areas of laboratory equipment, medical instruments, retail pharmacy shops, aged care centers, health checkup centers, private hospitals and etc., Han Yi has recently assisted several leading private equity funds and investment institutions with their investments in PRC companies engaged in the aforesaid industries such as Qingdao Haier Special Electrical Appliance Co., Ltd. in which the RMB fund of The Carlyle Group has acquired a strategic minority interest and Suzhou Xinrong Best Medical Instrument Co., Ltd. in which a fund managed by The Blackstone Group has made a significant investment.
On Carlyle¡¯s investment in Haier Special Electrical Appliance, which is a global developer and manufacturer of medical low temperature products and instruments for scientific/laboratory research, the Han Yi team provided full scale PRC legal advisory support, including assistance with its successful clearance with the Chinese MOFCOM of the anti-trust filing. After the closing, Carlyle will become a 30% shareholder in this company for an investment of some RMB400 million.
Suzhou Xinrong Best Medical Instrument Co., Ltd., the target company of a recent Blackstone investment, is one of China¡¯s leading manufacturers of orthopedic implants for trauma, spine, and joint applications and has built a solid network of distributors across China.
As the PRC counsel to these world class institutional investors in the abovementioned transactions, Han Yi lawyers have provided a full spectrum of PRC legal services including, among others, PRC legal advisory support to the transaction parties on all sorts of PRC legal issues (especially those concerning foreign investment policies, PRC anti-trust filing, and national security review requirements), deal structuring, PRC legal due diligence review and investigation on the target companies, documentation support, and detailed assistance with all closing steps.