Shanghai and Seoul – Paul Hastings LLP,announced today that it advised NewQuest Capital Partners in the sale of China Hydroelectric Corporation to a subsidiary of Shenzhen Energy for approximately US$492 million.  The transaction closed on December 10, 2015.

China Hydroelectric Corporation is a leading independent hydroelectric power producer in China. It currently owns and operates more than 20 operating plants that are located in hydro-rich regions in China.

The Paul Hastings team was led by Woojae Kim (Partner, M&A), David Wang (Partner, M&A), Daniel Kim (Partner, M&A) and Jia Yan (Partner, M&A), with support from associates Ting Wang and Joyce Du.