Herbert Smith Freehills advises joint sponsors on Tian Tu Capital’s Hong Kong IPO

Leading international law firm Herbert Smith Freehills has advised Huatai Financial Holdings (Hong Kong) Limited and BOCI Asia Limited as joint sponsors of Tian Tu Capital Co., Ltd. (01973.HK)’s listing on the Main Board of the Hong Kong Stock Exchange today.

Tian Tu Capital is a leading private equity investor and fund manager committed to driving the growth of Chinese consumer brands and companies. The company manages capital for institutional investors and high-net-worth individuals, investing both through its funds under management and by deploying its own capital. Tian Tu Capital was the first consumer-focused investment firm in China, and has been specialising in investments in the consumer industry for more than a decade. The number of its investment projects in China’s consumer industry from 2020 to 2022 ranked no. 3 among all private equity investors, and ranked no. 1 among all consumer-focused private equity firms over the same period; its assets under management as of December 31, 2022 ranked 130+ among more than 7,000 private equity investors in China, including private equity investment arm of conglomerates, multinational corporations and state-owned financial institutions, and no. 2 among more than 20 consumer-focused private equity firms in China.