PRESS RELEASE
26 August 2025

A&O Shearman Advises On The Financing For TPG-led Take-private Of Kangji Medical

AO
A&O Shearman

Contributor

A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets. This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength. Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations. Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
A&O Shearman has advised the arranger on the financing for the proposed take-private of Kangji Medical by a consortium led by global private equity firm TPG.
United States

A&O Shearman has advised the arranger on the financing for the proposed take-private of Kangji Medical by a consortium led by global private equity firm TPG.

Kangji Medical, headquartered in the PRC, is a leading medical device manufacturer listed on the Hong Kong Stock Exchange. The company specializes in designing and producing minimally invasive surgical instruments, which are distributed globally. The proposed take-private transaction values Kangji Medical at approximately HKD11.17 billion (about USD1.42 bn).

The transaction team was led by Hong Kong-based leveraged finance partner Daniel Tan, supported by senior associate Tiffany Tam and trainee Kevin Lo. Beijing based partner Yvonne Ho and China associate Ivan Zhang provided additional support. The Hong Kong M&A team, comprising partners Lina Lee, Jonathan Hsui, and senior associate Michelle Tsang advised on the Hong Kong public-to-private corporate aspects of the financing, highlighting the firm's cross-office collaboration and multi-disciplinary expertise.

Contributor

A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets. This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength. Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations. Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.

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