Ching Yeung (Frances) Yu

Frances’ experience includes advising:

• FH Capital, a leading private equity firm focused on clean energy investments, on its acquisition of a 75.1% majority stake in JinkoSolar’s US subsidiary Jinko Solar (U.S.) Industries Inc., a global leader in clean energy technology
• Macquarie Asset Management and Aragon Holding Company on the sale of Vibrant Energy, an India-based corporate renewables solutions company, to Inox Clean Energy
• A consortium led by Starwood Capital Group, Sixth Street, and SSW Partners on the US$7.1 billion take-private of ESR Group Limited by way of a scheme of arrangement from the Hong Kong Stock Exchange. This deal represents the largest privatization from the HKEX since 2021. This transaction was awarded Asia Pacific Deal of the Year by PERE Awards 2025, PE/VC Deal of the Year by China Business Law Journal’s Deals of the Year Awards 2025, and Best Property Deal: Hong Kong and Best M&A Deal: Hong Kong at the FinanceAsia Achievement Awards 2025
• EQT Asia and CPP Investments on the US$14.5 billion sale by EQT Asia and CPP Investments of Nord Anglia Education to a consortium formed by Neuberger Berman Private Markets, EQT Asia, and CPP Investments
• ARA Asset Management Limited (ARA), the largest real assets manager in Asia Pacific, on a US$5.2 billion business combination of the ARA Group with ESR Cayman Limited to become APAC’s leading real asset manager and the third largest listed real estate investment manager globally
• Warburg Pincus on the strategic merger of two of its existing portfolio companies, D&J China and New Ease China, two of the leading new economy infrastructure platforms in China, and its related equity financing
• Primavera Capital as lead investor in the Series C financing round of LoveBonito Holdings Pte. Ltd., a Southeast Asia’s omnichannel womenswear brand
• Princeton Digital Group, a Pan-Asia data center operator, on its US$360 million late-stage venture capital investment from Mubadala Investment Company, Warburg Pincus, and Ontario Teachers’ Pension Plan Board
• A consortium comprising TPG, Singapore Life (SingLife), Sumitomo Life Insurance Company, and others on a transaction to combine SingLife with Aviva Singapore — which, with a combined valuation of SGD3.2 billion, marks one of the largest mergers in the insurance sector in Southeast Asia and the largest in Singapore
• HLT Healthcare, a joint venture created by TPG Capital and Hong Leong, on the acquisition of Columbia Asia Healthcare, a Malaysia-based healthcare company that operates 17 hospitals and a clinic across Malaysia, Indonesia, and Vietnam
• Warburg Pincus on its acquisition of minority stake in ARA Asset Management Holdings Pte. Limited from AVICT Dragon Holdings Limited
• Charoen Pokphand Foods Public Company Limited on the C$498 million acquisition of Hylife Investments Ltd.