About
Xiaoguang is counsel in our Global M&A and Capital practice.
He specialises in cross-border transactions with a focus on advising Chinese and multinational clients on their investments, including M&A and joint ventures, across a range of industries.
Xiaoguang brings a combination of private practice and in-house experience to his transactional advice. Before rejoining Freshfields in 2023, he spent almost two years as M&A Senior Lead at Zalando SE, a European e-commerce and technology group, where he was responsible, inter alia, for the company's venture investments & M&A activities. In this role, he held the pen on Zalando's acquisition of Highsnobiety, the global fashion, culture and media platform.
Xiaoguang is admitted to practise law in Germany and based in Berlin, having previously worked in our Shanghai office. He speaks German, English and Mandarin.
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- Springer Nature on the carve-out and divestment of its consumer media business Scientific American in the United States.
- BIOTRONIK on the carve-out and divestment of its global vascular intervention business to NYSE-listed Teleflex Incorporated.
- ABB on the acquisition of the Chinese wiring accessories business of Siemens.
- Fresenius on the divestment of Eugin Group to consortium led by KKR portfolio company IVI RMA Group.
- Trilantic Europe on the acquisition of a majority stake in Aerocompact Group.
- Springer Nature on the divestment of its business for mobility education and training solutions to Unigestion.
- A Chinese consortium on the acquisition of a majority stake in a leading global manufacturer of high-precision technical equipment.
- Shareholders of MYR GmbH, a German biotechnology company focusing on the development and ccommercialisation of therapeutics for the treatment of chronic hepatitis delta virus (HDV), on their sale of MYR GmbH for approx. € 1.5 billion to Gilead Sciences, Inc.
- Springer Nature on the divestiture of its India-based publishing services business to a Partners Group portfolio company.
- Springer Nature in connection with its investment in US tech company Research Square Platform, including the acquisition of a majority stake.
- Saudi Basic Industries Corporation on establishing a joint venture with German SCHMID Group in the field of energy storage technology to construct one of the world’s largest utility-scale battery factories.
- Mars, Inc. on the acquisition of foodspring, a Berlin based tech company in the targeted nutrition sector.
- ChemChina Group on the material asset restructuring in connection with the reverse IPO of its German subsidiary KraussMaffei Group at the Shanghai Stock Exchange.
- Advent International on the acquisition of Bonitas Group, one of the largest private care providers in Germany.
- Advent International on the acquisition of Zentiva, Sanofi Group’s European generics business, for approx. € 1.9 billion.
- KPMG International in connection with the set-up of its global services center in Berlin.
- CREAT Group on the contemplated material asset restructuring in connection with its German listed subsidiary Biotest AG.
- New Science Venture on its investment in German technology company zeotap GmbH.
- Clayton, Dubilier & Rice LLC on the acquisition of German Kalle Group from Silverfleet Capital.
- Staidson (Beijing) Biopharmaceuticals on its investment in German biopharma company InflaRx GmbH.
- A Chinese consortium on its proposed acquisition of Osram’s consumer lighting division.
- Shanghai Feilo Acoustics Co., Ltd. on the acquisition of Havells Sylvania.

Xiaoguang Cai
Potsdamer Platz 1
Berlin 10785