Ropes & Gray Awarded for Bain Capital Representation in Hengrui Deal

Deal News | Apr 18, 2025 | Ropes & Gray

Ropes & Gray has been recognized as a winner in the China Business Law Journal's Deals of the Year 2024 Awards. The firm was acknowledged for its role in advising Bain Capital on Hengrui's out-licensing agreement of its GLP-1 portfolio to Hercules. This transaction has been celebrated as an Intellectual Property Deal of the Year, with the awards considering deal size, industry impact, structural innovation, judicial precedent, and social contributions. The recognition underscores the significance of this transaction in the market and highlights Ropes & Gray’s expertise in managing complex intellectual property transactions.

Sectors

  • Legal Services
  • Healthcare & Biotechnology
  • Private Equity

Geography

  • China – The awards, recognizing this deal, are given by the China Business Law Journal, highlighting the geographic focus on China.

Industry

  • Legal Services – Ropes & Gray, as a law firm, provides legal representation, reflecting the involvement of legal professional services in the transaction.
  • Healthcare & Biotechnology – The transaction involves the out-licensing of a GLP-1 portfolio, which falls under the healthcare and biotechnology sector due to its pharmaceutical and biotech nature.
  • Private Equity – Bain Capital, a private equity firm, is a key player in the transaction, contributing to its classification under the private equity industry.

Financials

  • – No specific financial details are provided in the article.

Participants

NameRoleTypeDescription
Ropes & GrayLegal AdvisorCompanyAn international law firm providing legal services in this transaction.
Bain CapitalClientCompanyA private equity firm involved in the transaction with Hengrui.
HengruiSelling CompanyCompanyThe company out-licensing its GLP-1 portfolio in the transaction.
HerculesBidding CompanyCompanyThe company acquiring the out-license for the GLP-1 portfolio.