Marcia Ellis

Global Chair of Private Equity Group | Hong Kong
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852 25850784
I enjoy using my deep knowledge of the Asia M&A market to help clients successfully manage their high-priority private equity transactions and deals.
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Experience

A UK-based private equity fund with respect to the US$180 million Series C round financing and acquisition of a controlling stake in a leading infrastructure developer based in Hong Kong with a primary focus on building Data Centre platforms in China.

GLP Pte. Ltd. on the establishment of CLF II, US$7 billion infrastructure fund, the largest logistics infrastructure fund based in China. CLF II is more than double the size of US$3 billion CLF I, the world’s largest China-focused logistics fund to date in 2014. Also represented GLP in the formation of CLF I.

GLP Pte. Ltd. with respect to the restructuring of more than US$8.5 billion of China real estate assets in preparation for an investment by a Hopu managed special purpose fund.

BlackRock in its purchase of Shanghai office buildings from PGIM Real Estate for RMB 1.2 billion (US$185 million).

The managers of Princeton Digital Group, a Warburg Pincus backed platform that owns Internet data center throughout China, on various matters.

Represented Softbank Vision Fund in the Series D+ round funding totaling US$225 million in Klook, an online travel platform that provides global travel locating and booking services.

Represented Softbank Vision Fund in an investment totaling US$1.5 billion in Chehaoduo, a leading Chinese customer-to-customer auto retail services company that operates Guazi, an e-commerce platform focusing on second-hand car transactions, and Maodou, an e-commerce platform focusing on new car transactions.

Represented Softbank in investments totaling US$6 billion into WeWork Companies Inc. (recently rebranded as The We Company).

Represented Softbank in an investment as part of a US$3 billion investment by Softbank and the SoftBank Vision Fund into Ele.me, the food delivery business owned by Alibaba. Ele.me would be merged with Koubei, which is an affiliate company that focuses on bringing local businesses online by providing payment and other technology services. Combining Koubei and Ele.me could help Alibaba expand to extend its reach and deepen its market position in China’s buoyant online-to-offline (O2O) space.

Represented SoftBank Group Corp. and SoftBank Vision Fund in the acquisition by WeWork, SoftBank’s joint venture partner and investee company, of the Naked Hub group, a provider of co-working spaces.

Represented SoftBank Group Corp. and SoftBank Vision Fund in their US$4.4 billion investment into WeWork Companies Inc., U.S.-based startup that operates shared working spaces across the world, including their investment in WeWork Japan, a Japanese joint venture established to develop WeWork’s Japan business.

Represented SoftBank Group Corp. and SoftBank Vision Fund in investment in WeWork China by way of subscription of preferred shares as part of the US$500 million Series B round of fundraising.

Represented this entity in three rounds of investments into SenseTime with an aggregate value over US$1.2 billion. The company is currently valued at US$7 billion. Established in 2014, SenseTime is one of the leading artificial intelligence companies in the PRC with a focus on facial and image recognition technology.

Represented Alibaba Group in the acquisition of a 33% stake of Ant Financial, operator of China’s biggest online payment platform by market share.

Represented Alibaba Group in Ant Financial’s US$14 billion Series C fundraising, valuing Ant Financial at approximately US$150 billion. It marks, by a large margin, the largest single fundraise by any company in the world. This high-profile deal was recognized as Deal of the Year – Late Stage Technology at 2018 AVCJ Awards.

Represented GLP Pte. Ltd. (formerly Global Logistic Properties Limited) in its US$11.64 billion proposed privatization, reported to be the largest-ever private equity buyout of an Asian company by enterprise value.

Represented GLP in its agreement with a group of strategic partners, including HOPU Funds, backed by China’s largest state-owned companies and institutional investors), Bank of China Group Investment Limited, a 100 per cent subsidiary of Bank of China, and a large Chinese insurance company. This involved a US$2.5 billion investment by a special purpose fund managed by HOPU in GLP’s China platform.

Represented GLP in its US$2 billion 50:50 joint venture with Brookfield Asset Management. The new entity will be dedicated to building a leading platform for distributed solar energy on logistics and commercial rooftops in China.

Represented GLP in the establishment of a new US$2 billion fund in China with Singapore sovereign wealth fund GIC. The USD-denominated value-add venture will focus on income-generating logistics facilities in China.


Chambers Greater China Region 2022

Ranked: Band 1, China Private Equity: Buyouts & Venture Capital Investment (International Firms)