The large private equity group at Zhong Lun Law Firm serves some of the country’s largest funds and institutional investors, helping clients execute large-scale privatisations, financing rounds, acquisitions, operational matters, liquidations, and more in sectors including AI, biotech, semiconductors, and beyond. Catherine Chen and Borong Liu co-lead the team alongside Luke Zhang, who handles M&A transactions and various PE deals, and Tian Liu, who is sought after to advise on investments into AI, life sciences, new energy, high-end manufacturing, and other tech-driven industries. Anthony Zhao and Shaun Gao handle complex PE and venture capital transactions. Victor Yu works with funds and targets on a range of deals, notably in the TMT sector, and Ping Zhang assists funds and industrial conglomerates throughout the entire investment transaction lifecycle, as does Yan Zhou. Xing Yin assists with greenfield investments, among other deal types.
Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'Zhong Lun's Private Equity Fund team demonstrates strong expertise, and the partners are highly involved in projects. While ensuring high-quality service, they also offer a degree of flexibility which aligns well with clients' business needs.'

  • 'Attorney Xing Yin brings years of experience from renowned international law firms, demonstrating deep expertise in cross-border transactions and strong negotiation skills. She communicates effectively with clients, responds promptly to their needs, and consistently delivers high-quality legal services.'

  • 'The team consists of highly experienced attorneys who excel at developing legal solutions from the client's perspective.'

  • 'They quickly grasp clients' underlying needs and ensure prompt implementation, demonstrating thoroughness and dedication in their work.'

  • 'Attorney Tian Liu and her team at Zhong Lun Law Firm demonstrate profound expertise and exceptional capability in the fields of private equity and cross-border investment.'

  • 'They exhibit outstanding coordination skills and efficient problem-solving abilities in handling complex cross-border structuring, multi-currency investment arrangements, and transactions involving multiple investors with competing interests.'

Key clients

  • Eightroads
  • TJ Bio
  • LaNova Medicines
  • Ronovo Surgical
  • General Technology (Group) Capital Limited
  • Wuxi Chanfa Science and Technology Innovation Fund L.P.
  • SDIC Fund Co., Ltd.
  • Hong Shan
  • Goldstone Investment Limited
  • CICC Capital
  • China Reform Holdings
  • China CHENGTONG Holdings Group Ltd.

Work highlights

Acted as the lead investor’s PRC legal counsel in the takeover transaction to privatise HollySys Automation Technologies Ltd.
Advised Dingzhi Dental on its Series A financing, raising several hundred million RMB, with Eight Roads as the sole investor.
Advised China Mobile Investment Holding Co., Ltd. on its investment in HBIS Digital Technology Co., Ltd.

Lawyers

Leading partners

The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Catherine Chen
Anthony Zhao

Practice head

Catherine Chen; Borong Liu; Luke Zhang; Tian Liu

Other key lawyers

Anthony Zhao; Shaun Gao; Victor Yu; Ping Zhang; Yan Zhou; Xing Yin; Yechao Chen; Tao Jin; William Qiu; Bijun Huang; Raphael Liu; Yuanyuan Tao; Yun Hu; Deyu Lin; Jialiang Zheng