Investment Banking
Weil
Full Credential Description
Smart Share Global Limited, operating as Energy Monster, faced the challenge of transitioning from a publicly traded company to a private entity. This strategic move was necessitated by the need to streamline operations and enhance shareholder value amidst a complex regulatory environment for China-based companies listed in the U.S. The acquisition, valued at approximately US$327 million, marked a significant milestone as it was the first announced U.S. going-private transaction of a China-based company since 2024. The tailored solution provided by Weil involved representing the ChairmanCEO and senior management of Energy Monster as part of a buyer consortium, which included Trustar Capital. The transaction, signed on August 1, 2025, aimed to leverage Energy Monsters extensive network of mobile device charging , which included 9.6 million power banks across over 2,200 counties and county-level districts in China as of December 31, 2024. The expertise of the Weil team, led by partners Charles Ching and Chris Welty, was crucial in navigating the complexities of this acquisition. The expected outcome of this transaction is a successful closing during the fourth quarter of 2025, contingent upon customary closing . This strategic move is anticipated to provide Energy Monster with greater operational flexibility and the ability to focus on long-term growth without the pressures of public market scrutiny.