EXPERIENCE

Ruonan’s experience includes advising:

Private Equity Finance

• I Squared Capital on the financing for the acquisition of Philippine Coastal Storage & Pipeline Corp, the largest independent import terminal in the Philippines, from Keppel Infrastructure Trust and Metro Pacific Investments Corporation
• The Carlyle Group on:
  • Dividend recap financings for its portfolio companies
  • The financing for the acquisition of A Twosome Place, a South Korea-based coffee shop chain
  • The financing for the acquisition of shares in Kakao Mobility, a business unit of Kakao, a South Korean internet portal and chat app operator
• CVC on the acquisition financing for:
  • Sajjan India, a manufacturer of chemicals
  • A medical group based in the Philippines pursuant to a mandatory tender offer process
• Global Infrastructure Partners on a term loan facility in connection with its acquisition of Tower Vision India Private Limited, a business that establishes and maintains passive telecom infrastructure in India
• MBK Partners on a term loan facility in connection with its acquisition of four theme parks located in China from Haichang Ocean Park Holdings, a China-based marine theme park operator
• Bain Capital on the refinancing of a loan facility to Rise Education, a leading English language training institution in China owned and controlled by Bain Capital
• Baring Private Equity Asia on:
  • Refinancing of a US$660 million facility for HCP Global Limited, a Hong Kong-based global packaging business
  • Its leverage financing led by DBS Bank, ING Bank, Goldman Sachs, and Nomura in connection with the acquisition of the Indian healthcare IT company, CitiusTech
• A consortium led by Chinese private equity firm Hopu Investments on its financing for the acquisition of a minority stake in FWD, a leading insurance business arm of the private investment group, Pacific Century Group
• Term financing to the Chinese private equity firm Hopu Investments in connection with the privatization of a Singapore-listed conglomerate
• A consortium of private equity funds and individual investors on the acquisition and financing of a prominent retail and office tower located in Shanghai*
• China Vanke Co. Ltd, a Chinese residential property developer in relation to its acquisition and financing of Shanghai Central Plaza from private equity firm, Carlyle Group*

Corporate Borrowers

• Shandong Ruyi, a textile manufacturer and global fashion brands owner, on its senior facility led by J.P. Morgan and Barclays for the acquisition of Lycra
• Tianqi Lithium Corporation on its term loan facilities in connection with the acquisition of certain shares in Sociedad Quimica y Minera de Chile S.A., a chemical company producing lithium and other industrial chemicals
• Dianchi International Holdings Limited, an operator of an environmental equipment manufacturing business, on its term loan facilities
• Hebei CNC Risun Coking Limited on its sustainability linked corporate facility agreements
• A syndicate of banks led by Bank of America, N.A. on a US$6.5 billion club loan to a leading Chinese technology company

Private Credit

• Nomura on a proposed term loan facility for a PRC REIT company indirectly owned by Sino-Ocean with underlying real estate asset in Shanghai
• Orion Capital Asia (OCA), a Singapore-based premier private credit investment manager focusing on direct lending, in connection with a financing for a Hong Kong-listed company that offers financial services, including receivable accounts financing, factoring financing, asset management, and credit assessment
• Ping An Credit in relation to its proposed participation in a direct lending transaction involving Hong Kong real estate assets

Restructuring

• Pearl Holding III Limited, a sponsor-backed manufacturer and distributor of precision plastic injection molds, in its restructuring of senior secured facilities and notes through a Cayman scheme of arrangement
• Baring Private Equity Asia Limited and CITIC Capital Partners Limited in connection with the restructuring and spin-off of Wall Street English, a China-based provider of English language training service, including a debt restructuring of the acquisition facility
• Bain Capital in connection with a debt restructuring of the credit facilities for Rise Education Cayman Ltd., an English language training institution in China following regulatory changes to the education sector
• GNC Holdings, Inc on its refinancing facility as part of the Chapter 11 (US Bankruptcy Code) process

Multilateral and Other Organizations

• AIIB on its COVID-19 Crisis Recovery Facility to TBC Bank
• New Development Bank, Asian Development Bank, and other multilateral development organizations on their project financings, including waste-to-energy projects*
• Chinese domestic banks on their lending to foreign states in relation to the construction of infrastructure, including highways and hydropower*
• Corporates and financiers, both in-coming and out-going, on energy projects involving cross-border lending and securities, including advising a syndicate led by China Development Bank on the project financing of the 1,200 MW Vinh Tan 1 BOT power project in Vietnam (awarded 2013 Deal of the Year, China Business Law Journal 2014)*

*Matter handled prior to joining Latham