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Tess Fang

Partner

Offices

Hong Kong SAR

Tess specialises in private equity and mergers and acquisitions in Greater China and the U.S. 
She has extensive experience advising on cross border transactions, including M&A and divestures, private equity transactions and joint ventures across numerous industries. Tess has worked in Mainland China, New York and Hong Kong SAR.

Experience

Representative matters

Uni-President and President Chain Store on the acquisition of Carrefour Taiwan from the Carrefour Group. The transaction values Carrefour Taiwan at over USD2 billion enterprise value.

Zhongsheng on its USD1.3bn acquisition of Zung Fu (China) Limited HK, a subsidiary of Jardine Matheson operating its Mercedes-Benz dealership in China.

China Resources on a Hong Kong real estate transaction involving over USD1.75 billion additional land premium; highest in recent years in Hong Kong.

Shanghai Wagas Group (including Baker & Spice) on the sale of controlling equity stake to a global private equity firm.

Bow Wave Capital Management LP, a U.S.-based investment firm that invests globally in early-stage companies that provide online and mobile payment processing, banking and complementary financial services to individuals and businesses, on its participation in the USD150m Series C round of investment by Ascend Money – a Thailand-based e-commerce company that operates e-wallet applications and digital financial services across six countries in Southeast Asia.

MBK Partners on disposal of over US$160 million defaulted loans which involves shares in a joint venture with Cinda as consideration.

The Longreach Group on its acquisition of a majority interest in Amazon Papyrus Chemicals from Navis Capital Partners and the founding and management shareholders.

A China Resources Enterprise and China Resources Beer (Holdings) Company on their long term PRC exclusive and worldwide non exclusive strategic partnership and collaboration with the Heineken Group to the value of almost US$4bn. This deal was nominated for M&A Deal of Year 2019 at the ALB Hong Kong Law Awards and for TMT deal of the year China Law & Practice Awards 2019.

China Resources, the significant majority stakeholder in a consortium with Macquarie Capital Holdings, on the successful and FIRB-approved bid of 74% of Genesis Care Limited from KKR and existing management at an enterprise value of approx. AUD1.7 billion and all the associated shareholder arrangements.

PRC state-owned enterprise (and the existing major shareholder of a Hong Kong company engaged in money-lending business with operations in Hong Kong and the PRC (the Target)) in its acquisition of the minority 45% shareholding in the Target held by financial investors based in New York and the UK.

Ace Concord Asia Limited in the acquisition of 50% of shares in SDM Academie Limited (a subsidiary of the Hong Kong-listed SDM Group).

 

Speaking Engagements

Panel Speaker of The Legal Management of Opportunity and Risk in Emerging Markets (The Staples Legal Department Diversity Breakfast Series), Framingham, MA, September 2010.

Qualifications

Admissions

Admitted as solicitor, Hong Kong, 2016

Admitted as solicitor, State of New York, 2009

Qualified, People’s Republic of China, 2003

Academic

Master of Law, Harvard Law School, Boston, Massachusett, 2008

Master of Law, East China University of Politics and Law, Shanghai, China, 2005

Bachelor of Law, East China University of Politics and Law, Shanghai, China, 2002

Languages

English, Mandarin, Cantonese
Disclaimer
A&O Shearman was formed on May 1, 2024 by the combination of Shearman & Sterling LLP and Allen & Overy LLP and their respective affiliates (the legacy firms). Any matters referred to above may include matters undertaken by one or more of the legacy firms rather than A&O Shearman.