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.