In April 2019, King & Wood Mallesons (“KWM”) advised Green Harbor Investment (“Green Harbor”) on its successful acquisition of the majority stake in JWU LLC (“JWU”), a New York-based fashion company, and the subsequent investment by Green Harbor in JWU. Upon the completion of the transactions, Green Harbor became the controlling shareholder of JWU.
Green Harbor is a China-based private equity fund that focuses on healthcare, education, financial services, and consumer/retail sectors. Founded in 2007 by Jason Wu, a world's top designer, JWU is a high-end women's fashion brand headquartered in New York. The acquisition of JWU is Green Harbor’s first investment in the fashion industry and also part of its global footprint, which is in line with its investment philosophy of growing with the young generation of entrepreneurs.
KWM acted as the counsel for Green Harbor and provided a full range of legal services in relation to the transaction, including legal due diligence, structuring of the transaction, drafting and negotiation of transaction documents, and closing and post-closing matters.
This transaction was led by partners Ling Huang and Jia Liu, and supported by a New York-based partner Jun Kang (U.S. tax), counsel Ning Liu and Richard Mertl, and associates Hua Yao and Daniel He (cross-border M&A).