Benran’s recent representative M&A experience includes acting for: TikTok on the structuring of its strategic development of e-commerce business in Indonesia, in particular on the related structural and regulatory issues relating to its acquisition of Tokopedia for more than one billion US dollars; a Chinese state-owned enterprise on its proposed transaction to acquire a majority stake in a semiconductor industry enterprise for more than one billion RMB; Investindustrial on its acquisition of a PRC chemical intermediate company and its subscription of convertible bonds in a related transaction; IDG Capital on several cross-border M&A transactions; Hillhouse Capital on a few cross-border M&A transactions; Zhejiang Jingsheng Mechanical & Electrical Co., Ltd. (a PRC listed company) on the proposed set-up of a joint venture with Applied Materials in the PRC to acquire the solar businesses of Applied Materials; PDT Technologies Company Limited (IDG Energy) on its acquisition of China solar business from RENA Technologies GmbH; LRQA on its bolt-on acquisition of ELEVATE, an industry leader in ESG and supply chain services; Tencent on its acquisition of majority stake in a New Zealand based gaming company.
In the area of equity financing transactions, Benran serves clients including several Chinese sovereign funds, several Middle Eastern and Southeast Asian sovereign funds, CITIC Securities, ByteDance, Didi Chuxing, Sofina, Brookfield, Sequoia China and Tencent.
In addition, Benran has participated in capital market transactions including deSPAC, privatization, listing by way of merger, public acquisition and bonds issuance.