Recent Client Updates
Links to all Debevoise & Plimpton LLP client updates issued since our last issue that are most relevant to the private equity industry.
Navigating New Waters: The Evolution of Private Equity Investment in China
The ways in which private equity investors participate in the Chinese economy may be poised to shift from minority and non-control investments to control investing. As in many developing economies, private equity investment in China has been dominated by minority investments that have provided growth capital and pre-IPO funding to founders not willing to fully “cash out” or cede control of their high growth businesses. The slowing Chinese economy and the generational shift in Chinese business owners suggest to many deal professionals in China that there is likely to be a new wave of transactions in which control and possibly even complete sales of Chinese businesses will become prevalent.
Chinese Private Equity Opens Up to Chinese Insurers
The Chinese private equity market is one of the fastest changing in the world. Significant private equity activity in China has been going on for scarcely a decade, and in that short time there have been dramatic changes in the way that the market is regulated and in the way that it functions.