Baker McKenzie Advises DBS Asia Capital on Vesync Privatization.
Baker McKenzie has advised DBS Asia Capital Limited, acting as financial adviser to the offeror, Victory III Co., Ltd, in connection with the privatization of Vesync Co., Ltd. (Stock Code: 2148, "Vesync").
The move was carried out through a scheme of arrangement under section 86 of the Cayman Islands Companies Act (2025 Revision). Vesync’s shares were officially delisted from the Hong Kong Stock Exchange on May 7, 2025.
Vesync, known for designing and selling a range of small home appliances, operates under popular brand names including Levoit, Cosori, Etekcity, and Pawsync.
The Baker McKenzie team was led by Christina Lee, Co-Head of the firm’s Asia Pacific Capital Markets Practice. She was supported by Partner Brian Wong and Associates Michael Chau and Ivy Chui.
In a statement, Lee highlighted the significance of the deal. "We are delighted to have supported DBS Asia Capital on this transaction. This deal showcases our strengths in public M&A, as well as our ability to guide clients in navigating the complex legal and regulatory issues involved in take-private transactions."
Vesync Co., Ltd. is a global smart home technology company founded in 2012. It designs, develops, and sells small home appliances under the Etekcity, Cosori, and Levoit brands. Vesync integrates many of its products with the VeSync app for a connected smart home experience. Headquartered in the U.S. with offices in Asia, Europe, and North America, Vesync focuses on innovation and user-friendly technology.
Baker McKenzie is a leading global law firm founded in 1949, with a presence in over 40 countries. With a team of 13,000 professionals, the firm advises corporations, governments, and institutions on complex legal matters across corporate law, litigation, tax, and more. Renowned for its cross-border capabilities and innovative approach, Baker McKenzie has handled over USD 600 billion in M&A transactions in the past five years—more than 65% of which span multiple jurisdictions. The firm is also recognized for its commitment to diversity, inclusion, and sustainable business practices.
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