M&A Finance
K&L Gates
Full Credential Description
Dash Living, a Hong Kong-based rental housing platform, faced the challenge of expanding its operations across the Asia-Pacific region while transforming into a fully integrated living sector asset management platform. To support this strategic transformation, Dash Living sought a significant investment to bolster its growth and operational capabilities. K&L Gates provided tailored legal advice to Dash Living in securing a majority investment of up to US$150 million from Rava Partners, the real assets investment arm of Hillhouse Investment. This investment not only marked a pivotal milestone for Dash Living but also facilitated its ongoing expansion efforts. The firm’s multi-office Corporate deal team, led by Hong Kong partner William Ho, played a crucial role in navigating the complexities of this cross-border investment, leveraging their extensive experience in advising high-growth businesses. As a result of this investment, Dash Living is positioned to enhance its service offerings, which include fully furnished, flexible lease accommodations for young professionals and digital nomads, with over 2,000 rooms managed in key cities such as Hong Kong, Singapore, Tokyo, and Sydney. This transaction builds on K&L Gates’ established relationship with Dash Living, having previously advised the company on various private equity-backed real estate matters, including a joint venture with Schroders for the development of a property in Japan. The successful completion of this investment underscores Dash Living's potential for growth and its strategic alignment with the evolving demands of the rental housing market in the region.
Measurable Results
Successfully completed $150M transaction