Ping An Fund’s US$1.6 Billion Acquisition of AutoHome from Telstra
June 28, 2016
Shanghai - Paul Hastings LLP, a leading global law firm, announced today that it has represented Ping An Fund in its acquisition of a 47.4% interest in New York Stock Exchange-listed AutoHome from Telstra for US$1.6 billion.
Listed on both the Hong Kong and Shanghai Stock Exchanges, Ping An is the second largest insurance company in China. Paul Hastings has advised Ping An on several significant matters, including its US$1 billion joint venture platform with Blumberg Investment Partners to invest in long-term, high-quality net-leased assets across the United States, marking Ping An’s entry into the United States’ logistics real estate market.
The Paul Hastings team was led by Jia Yan (Partner, M&A), David Wang (Partner, M&A), Paul Guan (Partner, Investment Funds), Tim Sung (Of Counsel, Capital Markets), James Ma (Of Counsel, Finance) and associate Joyce Du.
At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.