ProfessionalsJudie Ng Shortell

Partner

Tel: +86-10-5828-6318
Fax: +86-10-6530-9080
jngshortell@paulweiss.com

+86-10-5828-6318
Beijing

Unit 5201, Fortune Financial Center
5 Dongsanhuan Zhonglu
Chaoyang District, Beijing, 100020
People's Republic of China
Fax: +86-10-6530-9080

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A partner in the Corporate Department, based in the firm’s office in Beijing, Judie’s practice focuses on China-related private equity investments and cross-border mergers and acquisitions. She also has particular experience in strategic acquisitions and special situations.

EXPERIENCE

Judie’s career highlights include advising:

  • DiDi Chuxing, a China-based mobile transportation platform: 
    • in a 14.8% investment stake in Cango Inc., a China-based automotive e-commerce platform;
    • as significant existing shareholder of Grab, in the acquisition by Grab of Uber's Southeast Asian operations; and
    • as the lead investor, alongside SoftBank Group Corp., a Japan-based telecommunications and Internet firm, in a US$2 billion financing round of investment in Grab, Southeast Asia’s leading ride-hailing company;
  • KKR:
    • in a US$175 million minority investment in Voyager Innovations, the financial technology arm of PLDT Inc, a Philippines-based telecommunications and digital services provider;
    • in its investment and launch of Cue & Co., a one-stop digital marketing company for the Chinese market, bringing together four industry leaders, Qi-xin, AnG, WIN and Wina Tech to create a multi-brand company with wide-ranging digital marketing capabilities; and
    • in its investment in Shenzhen Suishou Technology Co., a China-based personal finance management platform;
  • Boyu Capital Advisory, a China-based private equity firm, in its investment in China ChengXin International Credit Rating Co. Ltd. (CCXI), the leading credit rating agency in China;
  • Tencent, a China-based provider of internet value-added services:
    • in a 18.5% investment stake in Pinduoduo, a China-based e-commerce mobile application and platform; and
    • in its US$200 million cash investment in Zhuan Zhuan, a China-based used goods trading platform operated by 58.com;
  • General Atlantic:
    • in its investment in NetEase Cloud Music, a China-based music streaming service of NetEase Inc.;
    • in its investment in Jinri Toutiao, a China-based news and information content platform;
    • as lead investor alongside Hillhouse Capital, in the US$120 m Series C financing round of MyDreamPlus, a China-based co-working platform; and
    • in its CNY300 million (US$47 million) investment in Today, Inc., a China-based convenience store brand which utilizes a tech-enabled, next-generation retail model to offer customers a differentiated experience;
  • Morgan Stanley Private Equity Asia on the acquisition of Coinage International, one of the leading financial education companies in China;
  • JP Morgan in its sale of interests in JP Morgan First Capital Securities Co;
  • An Asian investment company in an investment in CITIC Pacific Limited as part of the US$5.1 billion fundraising by CITIC Pacific Limited to pay for the US$36.6 billion injection by CITIC Group;
  • State Grid:
    • in its simultaneous acquisitions of 19.9% of the stapled securities in SP Ausnet and 60% interest in SPI (Australia) Assets Pty Limited for approximately A$5 billion; and
    • in its acquisition of 45.56% interest in ElectraNet for approximately A$500 million;
  • A major Asian sovereign wealth fund in its acquisition of an indirect interest in Thames Water;
  • Hony Capital on the acquisition of PizzaExpress, which owns and/or operates Pizza Express restaurants in the UK, Hong Kong, mainland China and 11 other jurisdictions, for approximately GBP900 million;
  • An international private equity client:
    • in its acquisition of a strategic stake in New China Life Insurance, including the purchase of existing shares from Primus and the subscription of rights issue shares. This was one of the first cases to be tested under new rules issued by the China Insurance Regulatory Commission; and
    • and Boyu Capital, on their investment in Multi Concepts Link Restaurant Management Limited, which holds an exclusive franchise to operate the business of Honeymoon Dessert in the PRC and Singapore, and the subsequent restructuring of Multi Concepts Link. Multi Concepts Link is expanding rapidly and has opened 200 Honeymoon Dessert shops across the PRC;
  • On Mengniu Dairy’s HK$12.6 billion general offers for Yashili International, a leading PRC dairy company;
  • On China Mobile’s US$880 million subscription of shares in True Corporation;
  • A sovereign wealth fund and a leading special situations group in their pre-IPO investment in iKang Healthcare Group, a company that controls the iKang China business, and the subsequent partial divesture by an investor of its shareholding in iKang's NASDAQ IPO;
  • A U.S.-based private equity firm on its initial investment and the subsequent restructuring of its investment in Printemps China Department Stores Limited;
  • Sale by a consortium of private equity investors of their indirect interests in CIFA S.p.A to Zoomlion;
  • The liquidators of Lehman Brothers in the unwinding of investments in China;
  • Citi in the acquisition by a Citi-led consortium of a US$3.06 billion 85.6% stake in Guangdong Development Bank;
  • A private equity investor in its joint venture with Tesco in six retail and residential mixed use real estate projects in China and its subsequent sale of its interests in the joint ventures to China Resources Enterprise Limited;
  • Completed numerous transactions for clients including KKR, TPG Capital, Tencent, Wumei Holdings and DiDi Chuxing;
  • Completed numerous transactions for private equity investors in the real estate sector, including investments into and joint ventures with major Chinese real estate developers, Gemdale, Longfor, Fosun, Evergrande, Moma, etc.

Judie is recognized by The Legal 500 Asia Pacific as a leading lawyer for projects and energy, corporate and M&A, and private equity in China and by IFLR1000 as a Notable Practitioner in Private Equity and M&A in China. Judie was named as one of 2017’s Top 15 Female Lawyers in China by Asian Legal Business, a Thomson Reuters publication. She was recently named as one of six "Commended External Counsel of the Year, 2018" by In-House Community for China. In addition, Judie was nominated as a finalist for Dealmaker of the Year - International by Asian Legal Business China Law Awards in 2018.

Judie is fluent in English, Mandarin and Cantonese. She is admitted to practice law in Hong Kong.

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