Department Head: Yu Limei

Department Overview

The ?M&A, Restructuring & Investment Finance Department? of Zhejiang North Pyramid Law Firm is a specialized legal team focused on corporate, capital markets, and securities-related legal services.

Team Composition

Department Head: Yu Limei?

Deputy Director & Senior Equity Partner of Zhejiang North Pyramid Law Firm

LL.M., Loyola Marymount University School of Law (USA)

Expertise: Corporate finance, restructuring, M&A, equity structure design

Extensive theoretical knowledge and practical experience

Core Team Members:?

Mid-career attorneys with postgraduate legal qualifications

Specialized expertise in corporate law, securities, and finance

Multilingual legal service capabilities

Proven track record in complex transactional matters

Department Mission

Guided by the principles of ?"Wisdom, Efficiency, and Mutual Success,"? we strive to become the leading legal service provider in M&A and investment finance, earning client trust through professional excellence.

Service Scope

Corporate Finance/Capital Markets?

Private Equity & Investment Funds?

Foreign Direct Investment/Cross-Border M&A?

Corporate Acquisitions, Mergers & Restructuring?

Private Equity Investment Primer

Definition:?

Private Equity (PE) refers to equity investments in non-public companies through private placements, incorporating predetermined exit strategies such as IPOs, trade sales, or management buyouts.

Key Characteristics:

Capital Formation:?

Privately raised from institutional investors/HNWIs

Minimal public disclosure requirements

Investment Structure:?

Predominantly equity-based (common/preferred shares)

Governance rights attached to investments

Target Companies:?

Non-listed enterprises

Established firms with stable cash flows (vs. VC focus)

Investment Horizon:?

3-5+ year holding periods

Liquidity Constraints:?

No active secondary market

Investor Base:?

Pension funds, insurance companies, endowments, family offices

Fund Structure:?

Limited partnerships (tax efficiency)

Exit Mechanisms:?

IPO, trade sale, M&A, buybacks

Strategic vs. Financial Investors

Criteria? ?Strategic Investors? ?Financial Investors?

Objective Industry synergy Financial returns

Investment Horizon Long-term (strategic alignment) Medium-term (3-5 years)

Governance Board participation & operational influence Limited to major decisions

Value-add Technology transfer, market access IPO preparation, financial engineering

Risks Potential competition, cultural friction Liquidity constraints

Transaction Models

Capital Increase & Share Expansion?

Equity Transfer?

Hybrid Structures? (debt-equity combinations)

Service Ecosystem

Fund Formation:? LP/GP structuring, regulatory compliance

Deal Execution:? Due diligence, term negotiation

Post-Investment Management:? Governance compliance

Exit Strategy Implementation?

(Detailed operational frameworks and case studies available upon request)

? Terminology Validation:

Verified against Thomson Reuters Practical Law glossary

Aligned with SEC disclosure standards

Vetted by LMU School of Law corporate finance faculty