On January 12, 2022, New York time, US private equity giant TPG (restructured as TPG Inc., NASDAQ: TPG) announced the pricing of its IPO, and the shares are expected to beging trading on January 13 on the Nasdaq Global Select Market.
Since its founding in 1992, TPG has completed many well-known large investment transactions and has had a strong track record of performance. As of September 30, 2021, TPG had approximately $109 billion in assets under management. TPG has developed an ecosystem of insight, engagement and collaboration across its platforms and products, which currently include more than 280 active portfolio companies headquartered in more than 30 countries.
In this project, King & Wood Mallesons acted as the legal counsel to China Life Trustees Limited, a strategic investor of TPG. KWM advised the client on TPG’s pre-IPO restructuring and the IPO (including the client’s sale of Class A common stock in the IPO) and helped the client achieve excellent investment returns.
The KWM team consists of partners and lawyers from Beijing, Shenzhen, Hong Kong and New York offices. This project was led by International Partners Ling Huang and Owen Wang, Partners Jingjing Jiang (Hong Kong), Gary Lock (Hong Kong) and Jun Kang (New York) and Registered Foreign Lawyer Justin Cherrington (Hong Kong), with support from Ning Liu, Jason Xu, Sean Liu, Jiangzhou Fu, Christy Zhang and Lucia Chen.
