Orrick Library Seminar: Anatomy of a Term Sheet
Of CounselHong Kong
William Ho, an of counsel in Orrick’s Hong Kong office, is a member of the M&A and Private Equity Group. He has extensive experience in the areas of cross-border mergers and acquisitions, private equity, venture capital, privatizations, and strategic investments.
Will regularly represents major private equity funds in their investments across Asia, with a strong focus in the tech space. Over the years, he has been actively involved in the start-up scene in Greater China and Southeast Asia, and has built a reputation for advising early-stage start-ups on their capital raisings, financings and general corporate matters.
Will’s practice also includes advising a number of Hong Kong-listed issuers and investment banks on a wide range of capital markets and M&A transactions, including privatizations, security offerings (primary and secondary), as well as private investments into public equity (PIPE) transactions.
Prior to joining Orrick, Will began his career at Slaughter and May before moving to Paul, Weiss, Rifkind, Wharton & Garrison.
In addition to being admitted as a solicitor in Hong Kong, Will is also admitted as a solicitor in New South Wales, Australia (currently non-practicing).
M17 Entertainment, a leading social networking entertainment start-up backed by Temasek, in its acquisition of MeMe Live, a live streaming platform controlled by Beijing-based social gaming developer Funplus.
Trax, a Singapore unicorn in the AI and computer vision field backed by Warburg Pincus and Boyu Capital, in connection with its acquisition of Lenztech, a leading Chinese retail AI and Big Data service platform.
Prenetics, a Hong Kong-based biotech start-up backed by Alibaba Ventures, in connection with its financings.
Doki Technologies, a Hong Kong-based start-up specializing in developing technology-enabled wearable devices for children, in connection with various corporate matters.
Tencent Holdings Limited in connection with its:
US$460 million Series B investment in Huya, a gaming live streaming company listed on the NASDAQ.
US$560 million investment in Yixin Group, an online automotive transaction platform based in the PRC and listed on the Hong Kong Stock Exchange.
US$300 million investment in Bitauto Holdings and US$1 billion follow-on investment in Bitauto Holdings, a leading provider of internet content and marketing services listed on the NYSE.
US$200 million investment in Zhuan Zhuan, a second-hand goods online marketplace based in the PRC.
US$100 million investment in China Literature, an online publishing and e-book website listed on the Hong Kong Stock Exchange.
The Carlyle Group in connection with its:
US$500 million sale of its majority interest in Eastern Broadcasting Co., a Taiwan broadcasting company.
US$90 million sale of its interests in Yuanta Financial Holdings Ltd., through an accelerated book-build and block trade on the Taiwan Stock Exchange.
Morgan Stanley Private Equity in connection with its:
Goldman Sachs in its investment in Zuoyebang, a PRC-based online education company.
Naspers Limited in its US$9.8 billion sale of its interests in Tencent Holdings Limited by way of an accelerated book-build and block trade on the Hong Kong Stock Exchange, which was the largest block trade on the Hong Kong Stock Exchange at the time.
CDH Investments and DCP Fund in its US$110 million investment by way of convertible bond in Sunpower Group Limited, a manufacturer of energy conservation products in the PRC and listed on the Singapore Stock Exchange.
TPG Capital in its investment of approximately HK$1 billion by way of subscription for H shares in Hong Kong-listed Wumart Holdings.China Ping An Overseas Investment Holdings Limited in respect of certain investments.