Paul Hastings and Anjie Law Firm have represented an investment group led by NewQuest Capital Partners in the sale of China Hydroelectric Corp (CHC) to a unit of state-owned Shenzhen Energy Group for around $492 million, with Jones Day and Grandall Law Firm advising the buyers.

The deal was completed on Dec. 10. The Paul Hastings team was led by M&A partners Woojae Kim, David Wang, Daniel Kim and Jia Yan.

CHC is one of China’s top independent producers of hydroelectric power, with over 20 operating plants in the country’s water-rich regions.

Shenzhen Energy Group is focused on operating photovoltaic, hydropower, waste incineration, gas turbine and wind power plants. It is also developing projects involving alternative energy sources.

Related Articles

Deals

华润饮料拟赴港上市（ZH/EN）

by Charlie Wu 吴卓言 |

华润饮料（控股）有限公司（华润饮料）已于4月22日向香港联合交易所递交上市申请。自2022年以来，华润饮料几度被传筹备推动华润饮料赴港上市，据彭博报道，该项目募资规模或达 10 亿美元。

Deals

通商、竞天公诚、君合等领衔助力第四范式、十月稻田香港上市（ZH/EN）

by Hu Yangxiaoxiao 胡阳潇潇 |

近日，香港资本市场迎来多宗重要上市项目，其中AI公司第四范式于国庆假期前登陆港交所，募资约1.07亿美元；食品品牌十月稻田则在假期后完成上市，募资约1.05亿美元。

Deals

七家律所参与香港首宗De-SPAC并购交易（ZH/EN）

by Mari Iwata |

近日，中国钢铁电商平台找钢产业互联集团（“找钢网”）与特殊目的收购公司（SPAC）Aquila Acquisition Corporation进行业务合并，成为自2022年1月1日香港引入SPAC上市机制以来香港首个SPAC并购交易，Aquila也是首家在香港上市的SPAC。