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NEWS

Ping An Consortium Invests in Nu Skin Enterprises

June 27, 2016

Paul Hastings LLP, a leading global law firm, announced today that it represented Ping An ZQ China Growth Opportunity Limited (“Ping An ZQ China Growth Opportunity”) in a $210 million strategic investment in consumer beauty products company Nu Skin Enterprises. Ping An ZQ China Growth Opportunity consists of a consortium of experienced Chinese investors led by Ping An of China Securities (Hong Kong) Company Ltd and a group of additional investors affiliated with ZQ Capital Limited.

Under the terms of the investment, Ping An ZQ China Growth Opportunity is purchasing $210 million in aggregate principal amount of 4.75 percent, four-year convertible senior notes with an initial conversion price of $46.50 per share. The convertible notes will be general unsecured obligations of Nu Skin and will mature on June 15, 2020.

Corporate partners Douglas Freeman and Brett King led a team of Paul Hastings attorneys that included partners Victor Chen, David Grimm, Douglas Flaum, Alexander Lee and Scott Hataway, counsels Tim Sung and James Holden and associates Layton Niu and Bryan Jin.

Practice Areas

Investment Management

Corporate


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