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Kirkland & Ellis

26TH FLOOR, GLOUCESTER TOWER, THE LANDMARK, 15 QUEEN'S ROAD CENTRAL, HONG KONG
Tel:
Work +852 3761 3300
Fax:
Fax +852 3761 3301
Web:
www.kirkland.com

Hong Kong

Banking and finance
Banking and finance - ranked: tier 2

Kirkland & Ellis

Kirkland & Ellis’ team, under the leadership of David Irvine, is particularly well known for acting for private equity sponsors and corporate borrowers. Reflective of the firm’s strengths in this space, its expertise covers a wide variety of financing products, such as sponsor-backed leveraged finance, minority leverage and margin loans, pre-IPO credit investments and project finance. Irvine, Daniel Abercromby and recently promoted partner Daniel Lindsey recently advised The Carlyle Group, CITIC Limited and CITIC Capital Holdings on the leveraged financing associated with their $2.08bn acquisition of McDonald’s China and Hong Kong. In another highlight, in 2016, Irvine acted for Blackstone Singapore in the $405m leveraged financing connected with its acquisition of a majority stake in India-based outsourcing firm Mphasis from Hewlett Packard. The firm also handled other mandates from clients such as Ascendant Capital Partners, Studio City, Apax Partners and Ally Bridge Group. Associate David Couper has broad banking and debt finance experience, which includes general banking, leveraged acquisitions and syndicated lending.

Leading individuals

David Irvine - Kirkland & Ellis

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Corporate (including M&A)
Corporate (including M&A) - ranked: tier 1

Kirkland & Ellis

Kirkland & Ellis’ impressive bench of practitioners was bolstered by the recent additions of Daniel Dusek and Jacqueline Tang from Skadden, Arps, Slate, Meagher & Flom LLP. The high-calibre team features prominently in a large number of the market’s most sophisticated, multi-jurisdictional transactions. For example, Jesse Sheley, Pierre-Luc Arsenault and Joey Chau were among the lead advisers to The Carlyle Group, CITIC Limited and CITIC Capital Holdings in the $2.08bn acquisition of a controlling stake in McDonald’s mainland China and Hong Kong business. In another high-profile deal, Nicholas Norris, the recently promoted Derek Poon and others acted for Bank of America Merrill Lynch as the financial adviser in the proposed $6.8bn privatisation of Belle International Holdings by way of a scheme of arrangement led by Hillhouse Capital. In addition, Norris, Chau and David Yun assisted COFCO Coca-Cola Beverages with its $852m investment in the Chinese bottling operations of Coca-Cola and Swire Beverages, as well as its subsequent sale through auction of its equity interests. Other highly esteemed names are David Zhang and Gary Li. Like Poon, Henry Yin made partner. Frank Sun and Jami Quoc departed for Latham & Watkins LLP and Meridian Capital respectively.

Leading individuals

Nicholas Norris - Kirkland & Ellis

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Investment funds
Investment funds - ranked: tier 1

Kirkland & Ellis

Kirkland & Ellis has a strong track record handling a range of private equity funds, including buyout funds, real estate funds, credit funds and infrastructure funds. It has a broad spread of clients, which ranges from emerging managers establishing their first funds to global behemoths, such as HarbourVest and Warburg Pincus. Justin Dolling and Damian Jacobs are the lead advisers to SSG Capital Management on the fundraising of its $2bn flagship special situations fund, SSG Capital Fund IV, simultaneously with secured lending fund SSG Capital Secured Lending Opportunities Fund. Carol Liu assisted Asian-European private equity firm AGIC Capital with the structuring and formation of debut fund Asia-Germany Industry 4.0 Promotion Cross-Border Fund I, which reached a final close of $1bn. The fund targets investments in European small and mid-cap companies active in areas such as intelligent manufacturing and medical technology to assist their expansion into Greater China. Jonathan Tadd, who made partner in 2014, has made a name for himself among European and Asian sponsors.

Leading individuals

Justin Dolling - Kirkland & Ellis

Next generation lawyers

Jamie Hill - Kirkland & Ellis

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Private equity
Private equity - ranked: tier 1

Kirkland & Ellis

Leveraging its firm-wide global reputation as a leading private equity firm, Kirkland & Ellis’ Hong Kong office provides a full-service offering (including not only corporate expertise but also finance, restructuring and litigation) to major international sponsors including Bain Capital and Blackstone, as well as a growing roster of regional funds such as Advantage Partners and Ascendant Capital. Jesse Sheley has recently handled a significant amount of work for marquee client The Carlyle Group, including on its leveraged buyout of VXI Global Solutions, and as part of a consortium, alongside CITIC Limited and CITIC Capital, on the $2.08bn acquisition of the majority stake in a newly formed company that will act as the master franchisee for McDonald’s in China and Hong Kong. The team is also well placed to handle outbound work by dint of its international offices and recently advised Bain Capital on its $413m acquisition (alongside Chinese corporate Yonghui Superstores) of US-based retailer Daymon International. Nicholas Norris had a key role in the aforementioned matter and also recently acted for Ascendent Capital Partners on its HK$549m acquisition of shares and subsequent HK$790m conditional mandatory cash general offer by Araco Investment for China Automation Group. Gary Li and David Zhang have excellent credibility in the region and are key members of the team that was also recently bolstered by the arrival in June 2017 of Daniel Dusek from Skadden, Arps, Slate, Meagher & Flom LLP.

Leading individuals

Gary Li - Kirkland & Ellis

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Restructuring and insolvency
Restructuring and insolvency - ranked: tier 1

Kirkland & Ellis

The ‘outstanding’ three-partner team at Kirkland & Ellis has an ‘excellent reputation’ in the Asian market on behalf of a varied array of stakeholders including bondholders, banks and corporates, and is well placed to handle work involving high-yield bonds and other more complex capital structures by virtue of its US heritage. ‘Increasingly prominent’ on big-ticket pan-Asian debtor mandates, some of which is derived from the firm’s impressive roster of private equity clients, ‘superb’ team head Neil McDonald is representing UTAC Holdings on the $1.12bn restructuring of notes issued by its subsidiary Global A&T Electronics. McDonald’s diverse caseload also includes significant creditor mandates such as his ongoing role for the ad hoc committee of bondholders on the $424m restructuring of the convertible bonds issued by Paladin Energy. Damien Coles has deep experience advising on Indonesian restructurings including his high-profile involvement for an ad hoc group of senior noteholders of Bumi Resources in connection with a restructuring through Indonesian suspension of payment proceedings. Kelly Naphtali is recommended for contentious insolvency matters.

Leading individuals

Neil McDonald - Kirkland & Ellis

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Hong Kong: Capital markets

Equity
Capital markets (equity) - ranked: tier 1

Kirkland & Ellis

Kirkland & Ellis, which ‘stands out in terms of quality of legal advice and responsiveness to client demands’, is equally adept in high-profile US and Hong Kong IPOs, where it acts for Chinese issuers and Chinese/global investment banks. David Zhang, Benjamin Su and Gary Li were part of a cross-office team that acted for the underwriters in the $1.4bn IPO of ZTO Express (Cayman) on the New York Stock Exchange; this was the largest US IPO since 2014, and the third largest in the US by a China-based company. In another matter, Zhang, Li-Chien Wong and Judy Yam advised Morgan Stanley, Credit Suisse, China Merchant Securities, CCB International Capital and UBS on the $629m Hong Kong IPO and listing of PRC mobile internet company Meitu. On the issuer side, the team assisted Datang Environment Industry Group with its $263m Hong Kong IPO. In recent developments, Jacqueline Tang joined from Skadden, Arps, Slate, Meagher & Flom LLP. Dominic Tsun retired from private practice and Stephanie Lau moved to Hong Kong Exchange and Clearing (HKEX). Shawn Tai also departed the firm. Yam and Arthur Tso recently made partner.

Leading individuals

David Zhang - Kirkland & Ellis

Dominic Tsun - Kirkland & Ellis

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Further information on Kirkland & Ellis LLP

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China

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Germany

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Hong Kong

Offices in Hong Kong

India

London

Offices in London

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