China Practice

Experience

  • M&A and Private Equity

    • Ingenico in its strategic partnership with Fosun International and acquisition by Fosun of a 20% minority stake in Ingenico’s Chinese activities.
    • Alibaba in its sale of a $1.6 billion stake to a consortium of investors including Silver Lake Technology Management, Digital Sky Technologies, Temasek Holdings and Yunfeng Capital.
    • EIG in its sale of a minority interest to China Investment Corporation.
    • Groupe Rasec in its acquisition of 80% of the JEB Group in locations in Asia including Singapore, Malaysia and China.
    • Prudential Financial in its strategic cooperation with Fosun Group, China’s leading private investment company, to establish a $600 million private equity fund and a related joint venture in the PRC.
    • Baring Private Equity Partners Asia in its investment in Coastal Projects Private Limited.
    • Sinowind Technologies in its private equity financing by a private equity fund.
    • American International Group in its proposed $2.2 billion sale of Nan Shan Life Insurance Company, Ltd., the Taiwan life insurance company, to Primus Financial Holdings Limited and China Strategic Holdings Limited. This transaction was named “Deal of the Year” by Asian Counsel.
    • American International Group in the sale of its investment advisory and asset management business to Pacific Century Group.
    • Grand China Logistics Holdings in its acquisition of a majority interest in a heavy transport shipping company in Norway valued at around $150 million.
    • Victoria Capital in its foreign currency funds offshore raising, as well as RMB denominated funds and fund formation activities in China.
    • Nidec, a Japanese listed company, in its acquisition of Valeo's electronic motor business.
    • NSK in its acquisition of 50% equity interests from The Timken Company in their joint venture.
    • Alibaba.com in its acquisition of Yahoo!’s China business and Yahoo!’s acquisition of a 40% stake in Alibaba.com, in a transaction valued at over $4 billion. This deal was awarded the “IT/Telco Deal of the Year” at the ALB China Law Awards 2006.
    • AsiaInfo Holdings in its acquisition of Bonson, a Chinese software company.
    • Prudential in its purchase, as part of a consortium with Carlyle, of 25% of China Pacific Life Insurance, in conjunction with a matching investment by controlling shareholder China Pacific Insurance (Group).
    • Capital Group in its investment in China Digital TV Technology Co. Ltd., a leading provider of conditional access systems in China.
    • CDH Investments in its investment in Air Media China, a company that operates a TV-based air transit media network and other media and advertising-based air transit businesses.
    • Alibaba.com in its strategic investment in Koubei.com, a classified community listing website in China.
    • Kleiner Perkins Caufield & Byers and Ceyuan Ventures in their investment in Venusense Holdings, one of China’s leading network security software companies.
    • Capital International in its investment in Pacific Textiles Holdings, a leading textile manufacturing company.
    • Capital International in its pre-IPO investment in Focus Media, a leading out-of-home advertising company in China.
    • JAFCO Asia and Investor AB in an investment in Beijing GolferPASS Golfing Service Technology Co., Ltd., a Chinese company that provides reservations and other golfing related services, and sells golf-related products.
    • Soros affiliates in their investment in Hainan Airlines.
    • Capital International in the sale of a block of shares representing 7% of the issued share capital of Harbin Brewery Group, one of the largest beer companies in China, to a wholly owned subsidiary of Anheuser-Busch Companies, as a part of China’s first hostile takeover battle.
    • Chinadotcom in a private equity round led by Mitsui, Edelson Technology Ventures and others.
    • Richina Pacific, a New Zealand Stock Exchange listed company, in its acquisition of Shanghai Leather Company Limited.
  • Capital Markets

    • American International Group in its $6 billion sale of a portion of its controlling stake in AIA Group.
    • American International Group and AIA Group Limited in AIA's spin-off from AIG and $20.5 billion initial public offering and listing in Hong Kong, constituting the largest IPO in Hong Kong's history and the world's largest IPO in the insurance sector.
    • Melco Crown Entertainment in its $600 million senior notes offering.
    • Melco Crown Entertainment in a $581 million follow-on public offering on the Nasdaq Global Market.
    • Nanjing Gear in its $313 million initial public offering of common stock.
    • Credit Suisse, Goldman Sachs, Citigroup and Merrill Lynch in a $608 million offering of ADSs by Focus Media Holding Limited, China’s leading out-of-home multi-platform lifestyle media company, and certain of its shareholders.
    • China Life Insurance as U.S. counsel in its $3.62 billion listing of 1.5 billion A Shares on the Shanghai Stock Exchange.
    • Credit Suisse as sole underwriter in the $140 million secondary offering of American Depositary Shares of Focus Media Holdings Limited, China's leading out-of-home multi-platform lifestyle media company.
    • China Life in its nearly $3.5 billion global initial public offering and listing on the New York Stock Exchange, the largest IPO worldwide in 2003.
    • Dongfeng Motor Group in its HK$4 billion global offering listed on the Hong Kong Stock Exchange.
    • Guangzhou Development Industry (Holdings) Co., Ltd. in a secured loan transaction with International Finance Corporation.