Xinxing Chen

Xinxing handled the following matters (including those prior to joining Baker McKenzie):

Private Equity

• Advising a consortium of private equity investors on a USD 672 million investment for a 47.3% equity stake in DigitalLand Holdings Limited, the international data center platform of GDS Holdings Limited.

• Advised the seller of M3 Capital Partners on the divestment of its global private equity capital advisory business to GLP Capital Partners.

• Advised Warburg Pincus on:

  • a number of co-investment deals with its existing limited partners and/or new investors regarding various Warburg Pincus portfolios in China and other Asia Pacific areas, including with respect to Warburg Pincus' investment in the USD 8.7 billion take-private of 58.com (NYSE: WUBA), China's largest online classifieds marketplace.
  • its subscription for USD 230 million convertible note issued by Uxin (NASDAQ: UXIN), a Chinese used car trading platform.

• Advised Cartesian Capital Group on an investment by Tencent Holdings Ltd. in Cartesian's portfolio company, Tim Hortons China, a joint venture with the Canada-based restaurant chain.

• Advised DCP Capital, a leading Greater China-focused private equity firm co-founded by ex-KKR professionals, on its proposed USD 200 million investment in a Chinese leading non-alcoholic beverages manufacturer.

• Advised KKR on:

  • its investment in Joulon, an integrated platform based in Dubai providing asset management services to the oil and gas industry globally, and a series of add-on acquisitions made by Joulon in its expansion.
  • its investment in Mandala Energy, a South East Asia focused oil and gas exploration and production company based in Singapore.

• Advised Bain Capital on:

  • its acquisition of Xiamen Qinhuai Technology Company Limited (ChinData), a leading operator of hyperscale data centers in China, from Wangsu Science & Technology Co. Ltd., as well as on the combination of ChinData with Bain Capital's existing Bridge Data Centres platform.
  • the USD 150 million funding led by Baidu and Sunshine Capital, an investment unit of Sunshine Insurance Group, to Lionbridge, a Chinese commercial vehicle leasing business controlled by Bain Capital Private Equity.

• Advised Carlyle Group, CITIC Limited and CITIC Capital Holdings on the USD 2.08 billion acquisition of the McDonald's operations in China and Hong Kong and negotiation of a 20-year master franchise agreement, the largest McDonald's franchise in the world.

• Advised Silver Lake Partners, as the lead investor among a group of investors, on their investments in Koubei, an affiliate of Alibaba Group and a local offline-to-offline service provider in China, in Koubei's USD 1.1 billion equity financing round.

• Advised Oaktree Capital on its exit from Taiwan's Fusheng Group.

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