Haixuan Yang

The Firm recently represented Gogoro Inc. (“Gogoro,” Nasdaq: GGR) in the US$50 million private investment in public equity (“PIPE”) by Gold Sino Assets Limited (“Gold Sino”). In addition to 32,516,095 ordinary shares of Gogoro issued to Gold Sino at closing of the transaction, Gold Sino also acquired a warrant to purchase 10,838,698 additional ordinary shares of Gogoro. The transaction was closed on June 7, 2024 and the proceeds of the transaction will be used to continue Gogoro's growth and development in Taiwan and international expansion markets.~~Headquartered in Taiwan, Gogoro is an innovative company focusing on utilizing cutting-edge technologies to transform urban transportation and enable the mass market shift to clean sustainable two-wheel transportation. Gogoro battery swapping provides smart, convenient and accessible portable power using industry-leading battery swapping and Smartscooter vehicles that address the needs of urban residents in Asia and other regions with densely populated cities.~~The Simpson Thacher team includes Yi Gao, Yang Wang, Shuting Lu, Keng-Wen Lin and Haixuan Yang (Corporate).

Jun 13

1 min

The Firm is representing PAG in its announced joint investment, together with affiliates of CITIC Capital, Ares Management, the Abu Dhabi Investment Authority and Mubadala Investment Company, of approximately US$8.3 billion for a 60% stake in Newland Commercial Management (“Newland”). This transaction is the largest international private equity investment in China in the past five years.~~PAG is a leading private equity firm focused on Asia-Pacific. Newland is a newly formed holding company of Zhuhai Wanda Commercial Management Group Co., Ltd., the world’s largest shopping mall management company which currently manages 496 large-scale shopping malls in 230 cities across China with about 70 million square meters of floor space under management, serving more than 100,000 commercial tenants.~~The Simpson Thacher team includes Yang Wang, Amy Liu and Boli Chen.

Nov 4

1 min

Simpson Thacher was recognized in multiple categories at the 2024 Legal 500 China Awards. The Firm was honored as “Private Equity Foreign Law Firm of the Year,” and Corporate Partner Yang Wang was named “Foreign Firm Leading Lawyer of the Year.” In addition, the Firm’s work advising PAG in its $8.3 billion joint investment in Newland Commercial Management was recognized as “Foreign Firm Private Equity Deal of the Year.”~~The Legal 500 China Awards recognize “the leading firms, lawyers, as well as in-house counsels and teams who have contributed immensely to China’s fast-growing and complex legal market.” To view the full list of winners, please click here.

Dec 12

1 min

The Firm is representing affiliates of Blackstone Real Estate in their acquisition of PS Business Parks, Inc. (NYSE: PSB) in an all-cash transaction valued at approximately $7.6 billion. The transaction is expected to close in the third quarter of 2022, subject to approval by PSB’s stockholders and other customary closing conditions.~~PSB is a REIT that acquires, develops, owns and operates commercial properties. Blackstone will acquire PSB’s 27 million square foot portfolio of industrial, business park, traditional office and multifamily properties located primarily in California, Miami, Texas and Northern Virginia.~~The Firm has represented Blackstone in nine multi-billion dollar take private transactions during the past 13 months.~~The Simpson Thacher team includes Brian Stadler, Matt Rogers, Keegan Lopez, Ben Kloss, Bradley Benson and Haixuan Yang (M&A); Sas Mehrara, Whitney Salinas, Robert Vogel, Michael Scala, Aryeh Goldman, Allison Moore, Katie Dunn and David Rosenberg (Real Estate); Nancy Mehlman and Caroline Phillips (Tax); Andrew Blau, Alisa Tschorke and Charles Pfeifer (Executive Compensation and Employee Benefits); Jonathan Ozner (Capital Markets); and Melanie Jolson and Mark Natividad (Intellectual Property).

Apr 25

1 min