Ruomu Li

Ruomu focuses her practice on complex mergers & acquisitions, private equity transactions and venture capital investments. She has over 17 years of experience in a broad range of transactions in the life sciences and technology industries, including buy-side and sell-side public and private mergers, going private transactions, de-SPAC transactions, stock and asset acquisitions, divestitures, spinoffs, join ventures and minority investments.

Ruomu started her legal career in the Silicon Valley and has practiced in the Silicon Valley for close to a decade. Before joining Cooley, Ruomu served as a partner in the M&A, private equity investments and buyouts practices of another international law firm.

Ruomu’s representative matters include advising:

M&A

• AAC Technologies, a world-leading miniature technologies solution provider, in its acquisition of WiSpry, a US fabless semiconductor company.
• A top hedge fund on its merger arbitrage strategy in connection with the $8.7 billion going private transaction of 58.com.
• A top institutional investor in connection with Grab’s merger with special purpose acquisition company Altimeter Growth.
• Ascendent Capital Partners on its disposal of Etern Group – which indirectly holds 98% of the equity interest in a general hospital in Suzhou, China – to Hygeia Healthcare Holdings, a Hong Kong listed healthcare company, for a total consideration of RMB1,734,600,000 (approximately $267 million).
• Ascendent Capital Partners, as a consortium member, in connection with the $230.6 million privatization of Tarena International (Nasdaq: TEDU), a top professional education and K-12 education services provider in China.
• Baidu in its $1.9 billion acquisition of 91 Wireless, a smartphone app distribution platform.
• Baidu in its $370 million acquisition of PPStream, a Chinese peer-to-peer streaming video network.
• Baidu in its spinoff of Youa.
• Beijing E-Town International Investment & Development and Chipone Technology in the $136 million acquisition of Integrated Memory Logic, a top provider of analog mixed-signal solutions for the flat panel display market.
• China Electronics Corporation, as a consortium member, in its $693 million taking private transaction of Montage Technology, a semiconductor company.
• China Ming Yang Wind Power, a Chinese wind turbine maker (representation of Duff & Phelps, financial adviser to the special committee), in its $408 million going private transaction.
• eHi Car Services (representation of the special committee) in its $930 million going private transaction.
• Keystone Lodging Holdings in its RMB8.3 billion sale of a controlling stake to Shanghai Jinjiang.
• KongZhong Corporation, a Chinese online game developer and operator, in its $299 million going private transaction.
• Loyal Valley Innovation Capital in its acquisition of Knowles’ mobile consumer electronics business.
• Luxtera, a photonic chip maker, in its $660 million sale to Cisco.
• Ocean Imagination, as a consortium member, in its $671 million taking private transaction of eLong, a Chinese online travel services company.
• Riswein Health Industry Investment in its acquisition of 51% of GRS-HS, a subsidiary of Genesis HealthCare, a US NYSE-listed healthcare company.
• Silver Crest Acquisition Corporation (Nasdaq: SLCR), a publicly traded special purpose acquisition company, in connection with its business combination with TH International Limited, a master franchisee and operator of Tim Hortons coffee shops in China.
• Taomee Holdings, a Chinese children’s entertainment and media company, in its $134 million going private transaction.
• Tencent in the $2.7 billion sale of its portfolio company Mobike, a bike sharing platform, to Meituan.

Private equity/venture capital investments

• Advantech Capital in connection with multiple equity investments in growth-stage and late-stage life sciences companies.
• Alliance Ventures in multiple equity investments in technology companies.
• CBC Group in multiple equity investments in life sciences companies.
• Ascendent Capital Partners in its $500 million investment in WM Tech Corporation, the Cayman holding company of Wumei’s supermarket business.
• Baidu in multiple rounds of equity investments in iQIYI.
• BlackRock in multiple equity investments in late-stage life sciences companies.
• Burning Galaxy, a Shanghai-based metaverse platform developer, in its $10 million Series A financing from Matrix Partners China.
• Changchun High & New Technology in equity investment in and exit from life sciences companies.
• E15 in multiple investments in early-stage life sciences companies.
• GitLab in connection with setting up an equity joint venture enterprise with Sequoia and Gaocheng Capital to enter the Chinese market and develop a localized version of its cutting-edge digital repository platform.
• Joy Capital in multiple equity investments in early-stage technology companies.
• Lilly Asia Ventures in multiple equity investments in early-stage life sciences companies.
• New Enterprise Associates in multiple equity investments in early-stage and late-stage technology and life sciences companies.
• Octillion Energy Holdings in connection with multiple equity financings.
• Sailing Capital, as lead investor, in connection with the $77 million Series A financing of DMAI, a US cognitive artificial intelligence platform.
• SJ Semiconductor Corp. in its $30 million Series A financing, $280 million Series B financing, $300 million Series C financing and $340 million Series C+ financing (signing of first batch investor agreement).
• Tencent in multiple equity investments in early-stage and late-stage technology companies.
• Xiang He Capital in multiple equity investments in early-stage and late-stage technology companies.

Joint ventures/strategic investments

• Affinity Equity Partners in its joint venture with Beijing Sanyuan.
• Alien Technology, a US provider of radio-frequency identification (RFID) tags, chips and readers, in its joint venture with Shanghai Ruizhang Investment.
• Katerra in its joint venture with Shanghai Dangoo Electronics.
• Keystone Lodging Holdings in franchise and licensing transactions with premier hotel brands.
• Tencent in its joint venture with Roblox.
• Unity in its joint venture with investors, including Alibaba, China Mobile and OPPO.