Dentons advises China Corporate United Investment (Shanghai) Asset Management on private investment fund establishment and project investment

Recently, a Dentons Shanghai team led by senior partner Qiu Pei advised China Corporate United Investment (Shanghai) Asset Management Co., Ltd. (CCUI-AM) on setting up the Wuxi CRRC CCUI Intelligent Equipment Fund (the "Fund") and the Fund's first investment project (collectively referred to as the "Project"). At present, the fund partnership has been established and the preliminary delivery work of the first investment project has been completed.

The fund partnership firm adopted the dual GP model, with one of the general partners Wuxi CRRC Industry Investment and Development Management Co., Ltd. (Wuxi CRRC) as the Executive Partner, and the other general partner CCUI-AM as the fund manager. Wuxi CRRC's largest shareholder is CRRC Capital Holdings Co., Ltd. (CRRC Capital), whose sole shareholder is CRRC Corporation Limited (CRRC). CRRC Capital is one of the six business platforms established by CRRC. It is a platform that combines industry and finance, utilizing financial capital to support entities. CCUI-AM's sole shareholder, China Corporate United Investment Holding Co., Ltd. (CCUI), is a mixed-ownership enterprise that is co-sponsored by large central enterprises, local state-owned enterprises and famous domestic private enterprises. It is set up to implement the "Belt and Road" strategy and push forward the transformation and upgrading of the national industry.

CCUI and CRRC Capital have joined forces to jointly set up the Fund through their subsidiaries and also indirectly controlled Alpi Aviation S.r.l. (ALPI), which was founded at the end of 20th century. The Italian manufacturer has independent system R&D, design (fuselage and avionics), manufacturing and maintenance capabilities in the field of manned and unmanned aircraft. Starting from the first investment project mentioned above, the Fund will focus on promoting the development of science and technology in the field of domestic high-tech intelligent equipment and optimizing the national industrial upgrading and innovation.

The Dentons team led by Mr. Qiu mainly provided the following services: assisting the design of the Fund's overall structure (as it has investment from a state-owned enterprise) and the project investment structure, drafting all the files for fund establishment and filings, as well as the full set of legal instruments for the first investment project, issuing independent legal opinions, assisting in communication with relevant authorities, and providing support in ODI changes registration and other registration procedures required for the completion of this project. In addition, Mr. Qiu's team will continue to advise the Chinese and Italian parties on domestic aircraft manufacturing and business development of other projects. During this process, with their efficient and professional legal services, the team has created great value for the client, and has been highly appreciated by the client.