John Cartwright
Partner
Hong Kong
May 28, 2026

The team, led by Investment Funds & Corporate partner John Cartwright, supported by senior associate Flora Lo and senior paralegal Lirann Tse, has been working closely with Celia Ng and the wider Walkers Professional Services team.
Commenting on the deal, John Cartwright said: ‘Congratulations to Trustar Capital, the buyer consortium, Energy Monster and other stakeholders on the successful completion of this transaction. The take‑private provides greater flexibility to support Energy Monster’s next phase of growth outside the public markets and underscores the continued momentum of sponsor‑led public‑to‑private activity in the equity capital markets.’
Trustar Capital is a leading private equity firm in Asia, with the most established buyout platform in China. With offices in China, Japan and the United States, Trustar Capital has built a global track record of investing in companies which demonstrate the potential to capitalise on the growth and productivity of the Chinese economy.
Energy Monster was acquired by a consortium led by Trustar Capital, alongside certain Energy Monster executives, by way of a Cayman Islands statutory merger. Following completion of the merger, Energy Monster ceased to be a publicly listed company on the Nasdaq.
In addition, we have also been advising Trustar Capital on various post-closing transactions supported by Walkers Corporate Limited as registered office provider to the merger entities.
We support private equity sponsors, consortium buyers and corporates on complex corporate and M&A transactions across key markets, including take‑privates, statutory mergers and other cross‑border deals involving listed companies.
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