Linklaters advise Nexus Point on first Greater China Buyout Fund

Linklaters has advised Nexus Point Capital on the formation of their first buyout fund focused on control investments in the Greater China mid-market space. Nexus Point Partners I LP raised USD 475 million from a variety of international institutional investors, including a number based in North America and the Asia-Pacific region.

The team was led by partner Tom Alabaster and included Senior Associate Matthew Holt and Associate Emily Simmons. Specialist US tax advice was also provided by US tax partner Andrew Morris and US tax counsel Max Levine. During the fundraise, the same team also advised Nexus Point on two deal specific co-investments, raising a further USD 30 million, and the asset manager’s fund finance arrangements.

Nexus Point is a Greater China-focused mid-market private equity firm established by MBK Partners co-founder Kuo-Chuan Kung and former Bain Capital executive Min Li. The firm is based in Hong Kong and Shanghai and maintains a relatively concentrated sector focus on consumer, healthcare and business services. Recent investments have included Jiangsu Jumao, a Chinese manufacturer of homecare medical devices, Burger King Taiwan and a respiratory care products manufacturer, GaleMed.

Private equity style funds form a substantial part of Linklaters’ global investment funds practice, with our global expertise spanning private equity firms and investors at all stages of the investment cycle – from fund formation, to investment and exit. Recently, Tom Alabaster also led the team advising Aermont on the raising of their fourth European real estate fund with total commitments of Euro 2bn.