
Karen Cheung
Partner, Head of Consumer & Retail
Hong Kong
Karen Cheung is a Partner and Head of Consumer & Retail, based in Hong Kong. She joined BDA in 2012 and has close to twenty years of M&A experience.
She has advised both global private equity and corporate clients on cross-border transactions with the focus on Consumer & Retail. Subsectors she has been involved in include supply chain manufacturing, beauty, F&B and mother & baby products. Recently she led the sale of Hop Lun to Platinum Equity, Navis Capital’s divestment of Texon to Coats, and the sale of ASG Print to GPA Global. She has also advised on many founder-led businesses including Amazon Papyrus, N-Kid, Quasar, Concung and Hop Lun. Ms. Cheung is qualified as a Chartered Accountant with the Canadian Institute of Chartered Accountants, and has a BA in Commerce from the University of Toronto. She is fluent in English, Mandarin and Cantonese.
Recent transactions

divested majority stake in

to

2025

divested

to

2025

divested India business and formed partnership with

backed by

2022

a portfolio company of

has been acquired by

2022

divested majority stake to


2022

has been acquired by


2022

has sold minority stake to


2022

divested ASG Print to

and

2021

formed a strategic partnership in China and investment by


2020

divested a 70% stake to


2019

divested majority stake to


2019

Alliance Cosmetics Group a portfolio company of

has been acquired by

2018

divested Chinese RTW business to a Hong Kong-based investor
2018

Gourmet Noodle House a portfolio company of

has been acquired by

2018

a portfolio of

has been acquired by Charles Cohen
2017

divested Happy Socks to


2017

a portfolio company of

has been acquired by Creative Home Furniture
2016

raised growth capital from


2016

divested Facade Access Holdings to


2016

a portfolio company of

has been acquired by

2016














