Baker McKenzie advised DBS Asia Capital Limited as the financial adviser to the offeror, Victory III Co., Ltd, in connection with the privatization of Vesync Co., Ltd (Stock Code: 2148) ("Vesync") by way of a scheme of arrangement under section 86 of the Companies Act (2025 Revision) of the Cayman Islands. The shares of Vesync were delisted from the Hong Kong Stock Exchange on 7 May 2025.
Vesync is principally engaged in designing, developing and selling small home appliances under its own brand names Levoit, Cosori, Etekcity and Pawsync.
The Baker McKenzie team was led by Co-Head of Asia Pacific Capital Markets Practice Christina Lee, who was supported by Partner Brian Wong and Associates Michael Chau and Ivy Chui.
Commenting on the deal, Christina Lee said, "We are delighted to have supported DBS Asia Capital on this transaction. This deal showcases our strengths in public M&A, as well as our ability to guide clients in navigating the complex legal and regulatory issues involved in take-private transactions."
Baker McKenzie is one of the leading firms for complex transactions, providing strategic advice on deals involving the world's leading financial institutions and multinational companies. The Firm regularly advises target companies, offerors, selling shareholders and financial advisers on the acquisition and disposal of companies listed on stock exchanges in key major financial centers, as well as issuers on their proposed listing and fund-raising activities in different jurisdictions. With many of its lawyers enjoying established working relationships with local regulators in Hong Kong and other key markets, the Firm is able to guide clients through all stages of the process, providing valuable insights on regulatory developments that could impact the value and feasibility of cross-border transactions, as well as on ongoing compliance issues. The team also assists listed companies in the restructuring of shareholdings, use of stock as consideration, and block trades. Moreover, the team has extensive experience in advising clients on cross-border capital fund-raising under different schemes, including the Shanghai-London Stock Connect and the China-Switzerland Stock Connect.
Vesync is principally engaged in designing, developing and selling small home appliances under its own brand names Levoit, Cosori, Etekcity and Pawsync.
The Baker McKenzie team was led by Co-Head of Asia Pacific Capital Markets Practice Christina Lee, who was supported by Partner Brian Wong and Associates Michael Chau and Ivy Chui.
Commenting on the deal, Christina Lee said, "We are delighted to have supported DBS Asia Capital on this transaction. This deal showcases our strengths in public M&A, as well as our ability to guide clients in navigating the complex legal and regulatory issues involved in take-private transactions."
Baker McKenzie is one of the leading firms for complex transactions, providing strategic advice on deals involving the world's leading financial institutions and multinational companies. The Firm regularly advises target companies, offerors, selling shareholders and financial advisers on the acquisition and disposal of companies listed on stock exchanges in key major financial centers, as well as issuers on their proposed listing and fund-raising activities in different jurisdictions. With many of its lawyers enjoying established working relationships with local regulators in Hong Kong and other key markets, the Firm is able to guide clients through all stages of the process, providing valuable insights on regulatory developments that could impact the value and feasibility of cross-border transactions, as well as on ongoing compliance issues. The team also assists listed companies in the restructuring of shareholdings, use of stock as consideration, and block trades. Moreover, the team has extensive experience in advising clients on cross-border capital fund-raising under different schemes, including the Shanghai-London Stock Connect and the China-Switzerland Stock Connect.
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