Davis Polk advised UCAR Technology Inc. in connection with its $550 million Series B equity financing. 

UCAR Technology Inc., together with its other group companies, are primarily engaged in providing chauffeured car services in China through its internet and mobile platform. The Series B investors include Tourmaline Gem Holdings Limited, CAR Inc., Harmony Bravo Limited and others. Tourmaline Gem is an affiliate of Warburg Pincus LLC, which is a leading global private equity firm. CAR Inc. is the largest car rental service provider in China, with its shares listed on The Stock Exchange of Hong Kong. Harmony Bravo is ultimately controlled by Beijing Legend Capital Management Co., Ltd.

The Davis Polk corporate team included partner Li He, registered foreign lawyers Lijun (Annie) Yan and Hong (Cathryn) Jin and associate Jie Zhang. All members of the Davis Polk team are based in the Beijing office.  

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