Kelli Schultz-Panas~~Brian Steinhardt
January 24, 2026
Nu Skin Enterprises Raises $210 Million in Strategic Chinese PIPE

1 min
AI-made summary
- Simpson Thacher advised Nu Skin Enterprises, Inc
- on a $210 million strategic investment from Ping An ZQ China Growth Opportunity Limited, which involved the purchase of 4.75% Convertible Senior Notes due 2020
- The investors include a consortium led by Ping An of China Securities (Hong Kong) Company Ltd
- and affiliates of ZQ Capital Limited
- Nu Skin plans to use the funds to repurchase common stock and invest in its China operations.
Simpson Thacher represented Nu Skin Enterprises, Inc. (NYSE: NUS) in connection with a $210 million strategic investment in Nu Skin from Ping An ZQ China Growth Opportunity Limited (“Ping An ZQ”), pursuant to which Ping An ZQ purchased 4.75% Convertible Senior Notes due 2020. Ping An ZQ’s investors consists of a consortium of Chinese investors led by Ping An of China Securities (Hong Kong) Company Ltd. and a group of additional investors affiliated with ZQ Capital Limited. Nu Skin will use the proceeds to repurchase common stock and invest in its China operations.~~Nu Skin develops and distributes innovative consumer products, offering a comprehensive line of premium-quality beauty and wellness solutions in more than 50 markets worldwide.~~The Simpson Thacher team included Kevin Kennedy, Chad Skinner, Kelli Schultz, Ayal Bainvoll and Drew Simon-Rooke (Corporate); and Brian Steinhardt and Christian Fischer (Credit). Summer Associate Harry Stanwyck also provided valuable assistance.
Article Author
Kelli Schultz-Panas~~Brian Steinhardt
The Sponsor
