DLA Piper, Shanghai Kaiman Law Firm, and AZB & Partners advised on Haier’s partial stake sale in Haier India and investment by a consortium of investors in Haier India.
Haier Smart Home Co. Ltd., a global home appliances manufacturer listed in Shanghai, Hong Kong and Germany, has undertaken a partial sale of its shareholding in Haier Appliances (India) Private Limited, alongside a primary issuance of new equity by Haier India to an investor consortium comprising affiliates of Warburg Pincus and Bharti Enterprises.
Following completion of the transaction in March 2026, Haier and the investor consortium each hold 49% of Haier India, with the remaining 2% allocated to the company’s ESOP scheme.
Haier Smart Home, a subsidiary of the Haier Group founded in 1984, is one of the world’s largest home appliance manufacturers specialising in smart home solutions. The group employs over 100,000 people globally and has established seven premium home appliance brand clusters, including Haier, Casarte, Leader, GE Appliances (United States), Fisher & Paykel (New Zealand), AQUA (Japan), and Candy (Italy). It has also introduced the scenario-based smart home brand SANYINIAO.
DLA Piper advised Haier Smart Home Co. Ltd. On the transaction.
The team was led by Corporate Partner James Chang and included Of Counsel Shuting Lu, Consultant Hao Guo (Beijing) and Consultant Yue Wang (Shanghai), together with Head of Corporate Stewart Wang, Consultant Zhiyuan Wu, and Associates Sophia Sun and Jenny Wang from Shanghai Kaiman Law Firm on M&A aspects.
Intellectual property advice was provided by Partner Horace Lam, Of Counsel Asher Xiuyuan Yan, Amanda Ge, and Senior Consultant Shuting Zhang (all Beijing), while Singapore-based Partner Nathan Bush provided competition law advice with the support of Senior Associate Runyu Liu from Shanghai Kaiman Law Firm. Further corporate support came from Partner Katherine Chew, Senior Associate Karen Lee, and Associate Melvin Chua (all Singapore).
The wider team consisted of Tax Partner Windson Li (Beijing); Corporate Partners Benjamin Parameswaran (Hamburg) and Alexander Kolmakov (London); Employment Partners Johnny Choi (Hong Kong) and Nick Hipwell (London); Litigation and Regulatory Partner Ernest Yang (Hong Kong); and Head of Litigation Xiaoshan Chen from Shanghai Kaiman Law Firm.
AZB & Partners acted as Indian law co-counsel on the transaction.
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