Latham Advised on a Record-Breaking Number of China Deals of the Year

China Business Law Journal recognized Latham & Watkins for advising on 18 of the publication’s 2025 Deals of the Year — a record number for the firm.

The publication selected the winning deals from submissions by Chinese and international law firms, based on factors including overall significance, complexity, innovation, and deal size.

Latham advised on the following select award-winning matters:

Equity Capital Markets

• Geekplus’ HK$2.7 Billion IPO — A cross-border Latham team represented the underwriters in the global autonomous mobile robot company’s initial public offering in Hong Kong.

Debt Capital Markets

• A Chinese Sports Equipment Multinational Corporation on €1.5 Billion Convertible Bond Issuance — Latham represented the underwriters in one of the largest convertible bond offerings by a Hong Kong listed consumer company.

Mergers & Acquisitions

• Geely Auto’s Privatization of Zeekr — Latham advised the Chinese automobile manufacturer on the privatization of Zeekr Intelligent Technology, its US-listed premium electric vehicles brand.
• China Mobile Hong Kong’s HK$7.8 Billion Acquisition of Controlling Stake in HKBN — Latham advised MBK Partners on the sale of a stake in HKBN to China Mobile Hong Kong.

Private Equity/Venture Capital

• ESR Group Limited’s HK$7.1 Billion Take-Private — Latham represented a Consortium led by Starwood Capital Group, Sixth Street, and SSW Partners on its take-private of ESR Group Limited, marking the largest proposed privatization from the Hong Kong Stock Exchange since 2021.
• Loscam’s Strategic Partial Stake Sale to Mubadala — A multidisciplinary team advised on the partial sale of the leading provider of pooling and logistics solutions. The transaction represents Mubadala’s first co-control investment in Asia’s industrial sector, highlighting the increasing confidence of global investors in the region’s evolving supply chain landscape.
• Princeton Digital Group’s US$1.3 Billion Investment From Stonepeak — Latham represented one of Asia Pacific’s leading data center operators on its preferred equity investment. 
• Genesis AI’s US$105 Million Seed Round Financing — Latham represented Eclipse Ventures Fund in the robotic startup’s funding round.

General Corporate Matter

• Alat and Lenovo’s US$2 Billion Strategic Collaboration — The firm represented Alat, a portfolio company of Public Investment Fund, in its strategic collaboration and investment with Lenovo Group.
• Standard Chartered, Animoca Brands, and HK Telecom’s Stablecoin Joint Venture — Latham advised HK Telecom on its joint venture to issue a Hong Kong dollar-backed stablecoin.

Liquidation, Bankruptcy, and Restructuring

• Logan Group’s Onshore and Overseas Debt Restructuring — The firm represented an ad hoc group of the private placement noteholders in the transaction.
• Sunac’s US$9.6 Billion Offshore Debt Restructuring — Latham’s Hong Kong restructuring team represented an ad hoc group of bondholders in the transaction.
• Yuzhou Group’s US$6.7 Billion Restructuring — Latham advised a syndicate of banks on the restructuring on the property developer’s offshore debt.