Firm Profile
Paul, Weiss has been a leader in representing financial investors in precedent-setting private equity transactions in Greater China since the early 1990s. Among the many matters on which the firm has advised are:
- Investments, dispositions and leveraged recapitalizations by The Carlyle Group of companies in Taiwan, Hong Kong and mainland China, including Taiwan Broadband Communications, kbro, Eastern Broadcasting Company, Ta Chong Bank and Offshore Incorporations Limited, and Carlyle’s US$6.0 billion LBO bid for Advanced Semiconductor Engineering.
- Investments and dispositions by General Atlantic, in various PRC-based businesses, including Digital China Holdings Limited, Lenovo (in connection with Lenovo’s acquisition of IBM’s personal computer business), Oak Pacific Interactive, SouFun Holdings, WuXi Pharmatech and Zhongsheng Group Holdings, in addition to the sale of its interest in the initial public offering by Renren, Inc.
- Investments by KKR in Tianrui Group Cement Company, China International Capital Corporation (CICC), VATS, China Modern Dairy Holdings, International Far Eastern Leasing Company, and United Envirotech; its establishment of a fund to make joint investments with Sino-Ocean Land in PRC real estate; and its LBO bid for Yageo Corporation.
- Investments by Morgan Stanley Private Equity in China Mengniu Dairy, Belle International, China Paradise Electronics, China Dongxiang Sports Development, China Flooring, Yongye International, China XD Plastics Company, Chinatrust Financial Holding Co., E.Sun Financial Holding Co. and, via privatization of a Singapore-listed company, Sihuan Pharmaceutical Holding Group.
- Acquisition by Oaktree Capital Management of Fu Sheng Industrial Co., the first private equity sponsored LBO of a Taiwan-listed company.
- Investment by our clients Silver Lake, Temasek Holdings, and others in Alibaba Group. DST was also a lead investor in the transaction. The investment will be conducted by way of a tender offer to employee shareholders and certain other shareholders, and is part of a US$1.6 billion transaction.
- Various Asian private equity investments by Apollo Global Management, Ares Management, Capital International, CCB International, CDH Investments, China Everbright, GIC, Goldman Sachs, Hony Capital, IDG-Accel, Intel Capital, MBK Partners, Merrill Lynch, Mount Kellett Capital, Olympus Capital, Shining Capital, Soros Fund Management and Temasek.
Paul, Weiss and its Asian Private Equity team are consistently recognized as market leaders in industry surveys. Paul, Weiss was named as:
- A “Tier 1” recommended firm for private equity in China and Hong Kong by IFLR 1000 The Guide to the World’s Leading Financial Law Firms, 2012 edition
- A “Tier 1” international firm for private equity in China and Hong Kong by The Legal 500 Asia Pacific, 2011/2012 edition
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“International Private Equity Team of the Year” by China Law and Practice at the CLP Awards 2011
- A “Band 1” leading firm for corporate M&A: private equity in Asia and for private equity: buyouts in China by Chambers Asia Pacific 2011A “Leading Firm” for private equity in China and Hong Kong by PLC Cross-border Private Equity Handbook 2011
- A “Leading Private Equity & Venture Capital Law Firm: Asia” in 2010 and 2009 by Asian Legal Business
Notable Practitioners
