Bio
Lily Miao (苗蕾) is a Partner in the Corporate department of Appleby’s Hong Kong office.
Lily has over a decade of offshore and onshore experience in the Asia and UK market. She advises on a broad spectrum of banking and general corporate transactions, including leveraged and acquisition finance, reorganisations and general corporate lending, with a particularly strong focus on fund finance. Her clients include major international and PRC financial institutions, asset managers, listed and private corporations and investment funds.
With her proficiency in multiple languages, being a native speaker of English, Mandarin, and Shanghainese, and fluent in Cantonese and German, she is able to work closely with our wider global team and provide advice on Cayman Islands, BVI and Bermuda law matters in the Asia time zone.
Prior to joining Appleby, Lily worked at another offshore law firm in Hong Kong, as well as at Clifford Chance’s offices in Hong Kong, London, and Singapore.
Bio
Lily Miao (苗蕾) is a Partner in the Corporate department of Appleby’s Hong Kong office.
Lily has over a decade of offshore and onshore experience in the Asia and UK market. She advises on a broad spectrum of banking and general corporate transactions, including leveraged and acquisition finance, reorganisations and general corporate lending, with a particularly strong focus on fund finance. Her clients include major international and PRC financial institutions, asset managers, listed and private corporations and investment funds.
With her proficiency in multiple languages, being a native speaker of English, Mandarin, and Shanghainese, and fluent in Cantonese and German, she is able to work closely with our wider global team and provide advice on Cayman Islands, BVI and Bermuda law matters in the Asia time zone.
Prior to joining Appleby, Lily worked at another offshore law firm in Hong Kong, as well as at Clifford Chance’s offices in Hong Kong, London, and Singapore.
Work Highlights
Leveraged and Acquisition Finance*:
- Advised a consortium of Chinese banks providing a loan to support Bain Capital with its USD3.16B take-private of Chindata Group Holdings Limited, a leading Asian carrier-neutral hyperscale data centre solution provider (which won several awards, including Asia Legal Awards PE Deal of the Year 2024)
- Acted for the arrangers in connection with the financing of BPEA EQT’s USD1.25B acquisition of leading US education institution IMG Academy
- Advised a group of financial institutions in connection with the financing for a large international sponsor’s 100% acquisition of HCP Packaging from funds affiliated with Barings Private Equity Asia (BPEA)
- Acted for BOC Macau as MLA providing financing for CDH Investments and China Grand Pharmaceutical and Healthcare Holdings’ AUSD1.9 billion (USD1.4 billion) takeover of Sirtex Medical Limited (which won Asian Legal Business Cross-border Deal of the Year 2018)
- Provided BVI and Cayman Islands support to a syndicate of lenders including Credit Suisse and CSI Finance Limited, in connection with a USD160 million secured acquisition financing of the take-private of JA Solar Holdings Co., Ltd., a Cayman Islands exempted company formerly listed on NASDAQ
Fund Finance*:
- Advised a club of international lenders on a net asset value (NAV) facility of USD400 million to one of the largest international sponsors
- Advised a consortium of lenders on one of the first ESG fund financings in Asia to PAG, one of the largest Asian alternative investment firms
- Provided Cayman law support to a French bank in respect of a hybrid facility to a large Asian investor, one of the earliest hybrid loans in the Asian fund finance market
- Acted for a syndicate of lenders on one of the largest capital call facilities (and separate GP facility) to one of the largest Asian sponsors
- Advised Natixis Hong Kong Branch as lender to R-Bridge Healthcare Fund on a USD120 million hybrid facility
- Acted for a club of Singapore banks on an Islamic revolving loan to a large international PE firm involving Cayman funds
*Includes transactions completed by the lawyer prior to joining Appleby
Work Highlights
Leveraged and Acquisition Finance*:
- Advised a consortium of Chinese banks providing a loan to support Bain Capital with its USD3.16B take-private of Chindata Group Holdings Limited, a leading Asian carrier-neutral hyperscale data centre solution provider (which won several awards, including Asia Legal Awards PE Deal of the Year 2024)
- Acted for the arrangers in connection with the financing of BPEA EQT’s USD1.25B acquisition of leading US education institution IMG Academy
- Advised a group of financial institutions in connection with the financing for a large international sponsor’s 100% acquisition of HCP Packaging from funds affiliated with Barings Private Equity Asia (BPEA)
- Acted for BOC Macau as MLA providing financing for CDH Investments and China Grand Pharmaceutical and Healthcare Holdings’ AUSD1.9 billion (USD1.4 billion) takeover of Sirtex Medical Limited (which won Asian Legal Business Cross-border Deal of the Year 2018)
- Provided BVI and Cayman Islands support to a syndicate of lenders including Credit Suisse and CSI Finance Limited, in connection with a USD160 million secured acquisition financing of the take-private of JA Solar Holdings Co., Ltd., a Cayman Islands exempted company formerly listed on NASDAQ
Fund Finance*:
- Advised a club of international lenders on a net asset value (NAV) facility of USD400 million to one of the largest international sponsors
- Advised a consortium of lenders on one of the first ESG fund financings in Asia to PAG, one of the largest Asian alternative investment firms
- Provided Cayman law support to a French bank in respect of a hybrid facility to a large Asian investor, one of the earliest hybrid loans in the Asian fund finance market
- Acted for a syndicate of lenders on one of the largest capital call facilities (and separate GP facility) to one of the largest Asian sponsors
- Advised Natixis Hong Kong Branch as lender to R-Bridge Healthcare Fund on a USD120 million hybrid facility
- Acted for a club of Singapore banks on an Islamic revolving loan to a large international PE firm involving Cayman funds
*Includes transactions completed by the lawyer prior to joining Appleby
Recognition
Her recent awards and recognition include:
- “Recommended Lawyer” – Legal500 Asia-Pacific 2024
- “Rising Star: Foreign-based Expertise” – Legal500 Caribbean 2024
- “Rising Star” – Fund Finance Association 2023 (only offshore lawyer named in Asia)
- “Rising Star” – IFLR APAC 2022
Recognition
Her recent awards and recognition include:
- “Recommended Lawyer” – Legal500 Asia-Pacific 2024
- “Rising Star: Foreign-based Expertise” – Legal500 Caribbean 2024
- “Rising Star” – Fund Finance Association 2023 (only offshore lawyer named in Asia)
- “Rising Star” – IFLR APAC 2022
Qualifications & Education
Lily is admitted as a solicitor in the British Virgin Islands, Bermuda and in England & Wales and is a registered foreign lawyer in HK.
- College of Law
- Oxford University, BA in Law
- University of Bonn (ERASMUS exchange)
Qualifications & Education
Lily is admitted as a solicitor in the British Virgin Islands, Bermuda and in England & Wales and is a registered foreign lawyer in HK.
- College of Law
- Oxford University, BA in Law
- University of Bonn (ERASMUS exchange)
Memberships & Associations
- Co-Chair of Fund Finance Association APAC NextGen Committee (2021-2024)
- Member of Fund Finance Association Diversity Committee
- Member of Asia Pacific Loan Market Association
- Member of Women in Finance (WiFA)
Memberships & Associations
- Co-Chair of Fund Finance Association APAC NextGen Committee (2021-2024)
- Member of Fund Finance Association Diversity Committee
- Member of Asia Pacific Loan Market Association
- Member of Women in Finance (WiFA)
Related People
T +852 6201 3662
E Email David
T +852 2905 5769
E Email Eason
T +852 2905 5722
E Email Kitty