India Bharti Group and Warburg Pincus jointly invested in the Indian subsidiary of Haier Smart Home under Haier Group (“Haier India”). Upon investment completion, Bharti Group and Warburg Pincus will together hold a 49% equity interest in Haier India, while Haier Smart Home will retain a 49% interest. The remaining interest will be held by Haier India’s management team.

Fangda acted as PRC legal counsel to Bharti Group and Warburg Pincus in this transaction. Leveraging the firm’s cross-border practices in investment, compliance, antitrust, capital markets, and intellectual property, Fangda provided comprehensive legal services throughout the transaction. Those services included transaction structural analysis, due diligence, and document negotiation. 

The Fangda team included Corporate/M&A partner PAN Siyuan; Antitrust & Compliance partners Michael HAN and KANG Yingjie; IP partners Giant HU and SUN Muran; Hong Kong and Chinese mainland Capital Markets partners Edward BONG and Eunice DAI; counsel Joy WONG and Jasmine ZHANG; and associates WANG Wanting, NI Sha, CHEN Xi, Melissa CHEN, DING Hong, Spencer ZHU, Amelia WANG, and SUN Yi.